Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.22% |
| 2 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
U-Haul Holding Co
UHAL
$13.5B
| $4.31M | 0.01% |
133,030
+93,160
| +234% | +$3.33M |
|
1427
AAR Corp
AIR
$5.54B
| $4.31M | 0.01% |
137,590
+34,183
| +33% | +$869K |
|
|
AAC
1428
DELISTED
AAC Holdings
AAC
| $4.31M | 0.01% |
247,665
+127,507
| +106% | +$2.51M |
|
|
MSGN
1429
DELISTED
MSG Networks Inc.
MSGN
| $4.3M | 0.01% |
231,261
-393,088
| -63% | -$6.65M |
|
|
DST
1430
DELISTED
DST Systems Inc.
DST
| $4.29M | 0.01% |
+72,832
| New | +$4.41M |
|
1431
Advanced Energy
AEIS
$11.2B
| $4.29M | 0.01% |
90,702
-37,111
| -29% | -$1.58M |
|
|
SC
1432
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $4.29M | 0.01% |
+352,836
| New | +$4.07M |
|
|
SE
1433
CALL
DELISTED
Spectra Energy Corp Wi
SE
| $4.28M | 0.01% |
+100,000
| New | +$3.81M |
|
1434
Dana Inc
DAN
$3.22B
| $4.27M | 0.01% |
+273,693
| New | +$3.73M |
|
|
NTT
1435
DELISTED
Nippon Telegraph & Telephone
NTT
| $4.26M | 0.01% |
93,096
-199,080
| -68% | -$9.29M |
|
|
PKY
1436
DELISTED
Parkway, Inc.
PKY
| $4.26M | 0.01% |
+250,471
| New | +$4.36M |
|
|
EXAR
1437
DELISTED
Exar Corporation
EXAR
| $4.26M | 0.01% |
457,469
+354,590
| +345% | +$3.09M |
|
|
PARA
1438
DELISTED
Paramount Global Class B
PARA
| $4.25M | 0.01% |
77,687
-1,701,928
| -96% | -$90.3M |
|
1439
Independence Realty Trust
IRT
$3.94B
| $4.24M | 0.01% |
471,465
+434,424
| +1,173% | +$4.05M |
|
1440
UGI
UGI
$8.28B
| $4.24M | 0.01% |
+93,708
| New | +$4.28M |
|
1441
Generac Holdings
GNRC
$12.3B
| $4.23M | 0.01% |
116,498
+101,612
| +683% | +$3.68M |
|
1442
iShares S&P 100 ETF
OEF
$20.3B
| $4.22M | 0.01% |
43,945
+22,756
| +107% | +$2.18M |
|
1443
Packaging Corp of America
PKG
$22.1B
| $4.21M | 0.01% |
+51,870
| New | +$3.96M |
|
|
SUP
1444
DELISTED
Superior Industries International
SUP
| $4.2M | 0.01% |
144,134
-32,451
| -18% | -$943K |
|
|
MTSC
1445
DELISTED
MTS Systems Corp
MTSC
| $4.2M | 0.01% |
91,141
+33,498
| +58% | +$1.58M |
|
|
TRIB
1446
Trinity Biotech
TRIB
$7.9M
| $4.18M | 0.01% |
2,109
+515
| +32% | +$962K |
|
1447
Navient
NAVI
$882M
| $4.18M | 0.01% |
288,682
+233,290
| +421% | +$3.25M |
|
|
NVRO
1448
CALL
DELISTED
NEVRO CORP.
NVRO
| $4.18M | 0.01% |
40,000
+20,000
| +100% | +$1.81M |
|
|
IMMU
1449
DELISTED
Immunomedics Inc
IMMU
| $4.15M | 0.01% |
1,277,794
+1,018,032
| +392% | +$2.85M |
|
1450
Cadence Design Systems
CDNS
$92.2B
| $4.15M | 0.01% |
162,573
-183,335
| -53% | -$4.59M |
|
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Israel Englander's Q3 2016 Portfolio in Review
As of Q3 2016, Israel Englander held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Israel Englander deployed $13.4B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.3% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Israel Englander's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Israel Englander added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Israel Englander's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Israel Englander fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Israel Englander's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Israel Englander opened 826 new positions and closed 723 in Q3 2016.
- Israel Englander's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.