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 | |
|---|---|---|---|---|---|---|
1451
Element Solutions
ESI
$8.82B
| $4.15M | 0.01% |
+511,170
| New | +$4.56M |
|
1452
Thermo Fisher Scientific
TMO
$235B
| $4.15M | 0.01% |
26,067
-64,919
| -71% | -$10M |
|
1453
Realty Income
O
$59.1B
| $4.14M | 0.01% |
+63,838
| New | +$4.22M |
|
|
OME
1454
DELISTED
Omega Protein
OME
| $4.14M | 0.01% |
177,122
-19,280
| -10% | -$453K |
|
|
QEP
1455
CALL
DELISTED
QEP RESOURCES, INC.
QEP
| $4.13M | 0.01% |
211,600
| – | – |
|
1456
Bank of America Series L
BAC.PRL
$3.97B
| $4.13M | 0.01% |
+3,380
| New | +$4.14M |
|
1457
Surgery Partners
SGRY
$1.85B
| $4.12M | 0.01% |
203,315
-58,497
| -22% | -$1.07M |
|
|
LXFT
1458
DELISTED
Luxoft Holding, Inc.
LXFT
| $4.11M | 0.01% |
77,849
-97,229
| -56% | -$5.18M |
|
|
TGNA
1459
DELISTED
TEGNA Inc
TGNA
| $4.11M | 0.01% |
+293,816
| New | +$4.13M |
|
1460
Insperity
NSP
$1.99B
| $4.11M | 0.01% |
113,164
-117,256
| -51% | -$4.2M |
|
|
HW
1461
DELISTED
Headwaters Inc
HW
| $4.11M | 0.01% |
242,897
+129,537
| +114% | +$2.39M |
|
1462
Geospace Technologies
GEOS
$67.7M
| $4.1M | 0.01% |
210,688
-154,317
| -42% | -$2.67M |
|
1463
Interparfums
IPAR
$3.76B
| $4.1M | 0.01% |
127,156
+118,190
| +1,318% | +$3.78M |
|
|
ONIT
1464
Onity Group
ONIT
$289M
| $4.1M | 0.01% |
+74,507
| New | +$3.05M |
|
1465
Clearway Energy Class C
CWEN
$6.66B
| $4.1M | 0.01% |
241,769
+25,031
| +12% | +$430K |
|
1466
CALL
NXP Semiconductors
NXPI
$56.5B
| $4.08M | 0.01% |
+40,000
| New | +$3.39M |
|
1467
LeMaitre Vascular
LMAT
$1.82B
| $4.07M | 0.01% |
205,313
+35,811
| +21% | +$626K |
|
1468
Forestar Group
FOR
$1.48B
| $4.07M | 0.01% |
347,653
+269,751
| +346% | +$3.26M |
|
|
LQ
1469
DELISTED
La Quinta Holdings Inc.
LQ
| $4.07M | 0.01% |
363,930
-809,910
| -69% | -$9.4M |
|
|
WEB
1470
DELISTED
Web.com Group, Inc.
WEB
| $4.06M | 0.01% |
235,217
+71,722
| +44% | +$1.28M |
|
|
DYNC
1471
DELISTED
Vistra Energy Corp.
DYNC
| $4.06M | 0.01% |
50,000
| – | – |
|
1472
W.W. Grainger
GWW
$62.9B
| $4.06M | 0.01% |
18,041
+5,680
| +46% | +$1.28M |
|
1473
LiveRamp
RAMP
$2.29B
| $4.05M | 0.01% |
151,994
-583,421
| -79% | -$14.4M |
|
|
HSNI
1474
DELISTED
HSN, Inc.
HSNI
| $4.05M | 0.01% |
+101,788
| New | +$4.62M |
|
|
BLD
1475
DELISTED
TopBuild
BLD
| $4.02M | 0.01% |
121,020
-55,216
| -31% | -$1.94M |
|
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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.