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 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$154M |
| 4 |
AT&T
T
|
+$145M |
| 5 |
Fidelity National Information Services
FIS
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$250M |
| 2 |
PPL
PPL Corp
PPL
|
+$240M |
| 3 |
Occidental Petroleum
OXY
|
+$222M |
| 4 |
Lowe's Companies
LOW
|
+$180M |
| 5 |
American Electric Power
AEP
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.84% |
| 2 | Energy | 10.39% |
| 3 | Technology | 9.45% |
| 4 | Consumer Discretionary | 8.96% |
| 5 | Financials | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1451
CALL
Ashland
ASH
$3.38B
| $3.52M | 0.01% |
+65,408
| New | +$3.15M |
|
1452
PUT
Eagle Materials
EXP
$6.27B
| $3.51M | 0.01% |
+50,000
| New | +$2.91M |
|
1453
Terreno Realty
TRNO
$7.51B
| $3.5M | 0.01% |
149,370
-87,866
| -37% | -$1.96M |
|
|
GLUU
1454
DELISTED
Glu Mobile Inc.
GLUU
| $3.5M | 0.01% |
1,241,244
-1,142,371
| -48% | -$3.27M |
|
1455
PUT
Kohl's
KSS
$2.08B
| $3.5M | 0.01% |
+75,000
| New | +$3.52M |
|
1456
TriCo Bancshares
TCBK
$1.74B
| $3.49M | 0.01% |
137,790
-40,107
| -23% | -$1.02M |
|
1457
Mitsubishi UFJ Financial
MUFG
$248B
| $3.48M | 0.01% |
758,348
+163,109
| +27% | +$796K |
|
|
AVP
1458
DELISTED
Avon Products, Inc.
AVP
| $3.47M | 0.01% |
722,167
-1,680,089
| -70% | -$6M |
|
|
ATHN
1459
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $3.47M | 0.01% |
+25,000
| New | +$3.43M |
|
|
DISH
1460
CALL
DELISTED
DISH Network Corp.
DISH
| $3.47M | 0.01% |
75,000
-451,000
| -86% | -$21.7M |
|
1461
PUT
Reliance Steel & Aluminium
RS
$19.5B
| $3.46M | 0.01% |
+50,000
| New | +$3.03M |
|
1462
SAP
SAP
$252B
| $3.46M | 0.01% |
+43,009
| New | +$3.35M |
|
1463
Northrop Grumman
NOC
$78B
| $3.46M | 0.01% |
17,467
-236,572
| -93% | -$44.7M |
|
1464
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
| $3.45M | 0.01% |
70,743
+9,243
| +15% | +$452K |
|
1465
Cinemark Holdings
CNK
$4.45B
| $3.44M | 0.01% |
96,060
-8,567
| -8% | -$272K |
|
|
ESRX
1466
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $3.44M | 0.01% |
+50,000
| New | +$3.59M |
|
1467
Community Health Systems
CYH
$424M
| $3.43M | 0.01% |
224,403
-261,416
| -54% | -$3.99M |
|
1468
Apollo Global Management
APO
$78.4B
| $3.42M | 0.01% |
+200,000
| New | +$3M |
|
1469
PUT
LyondellBasell Industries
LYB
$21.1B
| $3.42M | 0.01% |
40,000
+10,000
| +33% | +$803K |
|
|
PRO
1470
DELISTED
PROS Holdings
PRO
| $3.42M | 0.01% |
+290,118
| New | +$3.74M |
|
|
TVPT
1471
DELISTED
Travelport Worldwide Limited
TVPT
| $3.42M | 0.01% |
250,397
+16,565
| +7% | +$199K |
|
1472
First Trust Consumer Staples AlphaDEX Fund
FXG
$238M
| $3.41M | 0.01% |
+74,004
| New | +$3.26M |
|
1473
Galicia Financial Group
GGAL
$6.98B
| $3.4M | 0.01% |
+120,230
| New | +$3.33M |
|
1474
Maximus
MMS
$3.05B
| $3.4M | 0.01% |
64,614
+19,429
| +43% | +$991K |
|
|
CLDT
1475
Chatham Lodging
CLDT
$642M
| $3.39M | 0.01% |
158,396
-83,864
| -35% | -$1.67M |
|
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Israel Englander's Q1 2016 Portfolio in Review
As of Q1 2016, Israel Englander held 4,057 positions worth $40B, down 16% from $47.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander withdrew a net $6.85B in Q1 2016, closing 847 positions and reducing 1,408 holdings. Its most notable exit was Walmart Inc, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Energy and Technology.
Against the trend, Israel Englander opened a new position in ConocoPhillips worth $174M.
- Israel Englander's largest Q1 2016 buy was ConocoPhillips: 4,324,124 shares worth $174M.
- Israel Englander added most to PepsiCo in Q1 2016, an estimated $159M increase.
- Israel Englander's biggest Q1 2016 reduction was NextEra Energy, cutting an estimated $250M.
- Israel Englander fully exited Walmart Inc in Q1 2016, selling an estimated $142M.
- Israel Englander's ten largest holdings make up 11% of its $40B portfolio in Q1 2016.
- Israel Englander opened 691 new positions and closed 847 in Q1 2016.
- Israel Englander's portfolio value fell 16% quarter-over-quarter to $40B.
Based on Millennium Management's 13F filing for Q1 2016, filed 16 May 2016.