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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Western Alliance Bancorporation
WAL
$8.65B
| $72.2M | 0.15% |
2,013,334
+54,586
| +3% | +$1.97M |
|
|
P
127
DELISTED
Pandora Media Inc
P
| $72M | 0.15% |
5,370,668
+3,130,348
| +140% | +$46.6M |
|
128
Cheniere Energy
LNG
$57.4B
| $71.9M | 0.15% |
1,931,368
+1,008,659
| +109% | +$46M |
|
129
Norfolk Southern
NSC
$78.8B
| $71.4M | 0.15% |
844,351
+475,945
| +129% | +$40.7M |
|
130
Celanese
CE
$4.98B
| $70.9M | 0.15% |
1,052,865
+968,151
| +1,143% | +$65.8M |
|
131
Black Hills Corp
BKH
$5.45B
| $70.7M | 0.15% |
1,521,762
+1,249,746
| +459% | +$54.9M |
|
132
Tyson Foods
TSN
$20.5B
| $70.1M | 0.15% |
1,313,573
+1,151,105
| +709% | +$55.3M |
|
|
LPT
133
DELISTED
Liberty Property Trust
LPT
| $69.8M | 0.15% |
2,248,267
+664,559
| +42% | +$22M |
|
|
SLCA
134
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $69.6M | 0.15% |
3,713,461
+106,424
| +3% | +$1.99M |
|
135
Sally Beauty Holdings
SBH
$1.56B
| $69.3M | 0.15% |
2,486,230
-39,567
| -2% | -$993K |
|
136
First Horizon
FHN
$11.7B
| $69.2M | 0.15% |
4,767,727
+3,359,462
| +239% | +$48.7M |
|
137
Liberty Global Class A
LBTYA
$3.67B
| $68.1M | 0.14% |
1,842,441
+16,225
| +0.9% | +$613K |
|
|
NUVA
138
DELISTED
NuVasive, Inc.
NUVA
| $68.1M | 0.14% |
1,258,307
-481,568
| -28% | -$24.6M |
|
|
FTR
139
DELISTED
Frontier Communications Corp.
FTR
| $67.3M | 0.14% |
960,470
+190,944
| +25% | +$14.2M |
|
140
Regeneron Pharmaceuticals
REGN
$85B
| $67.2M | 0.14% |
123,859
+42,458
| +52% | +$23M |
|
141
Edgewell Personal Care
EPC
$1.32B
| $67.2M | 0.14% |
857,847
+564,249
| +192% | +$45.7M |
|
142
AutoZone
AZO
$49B
| $66.9M | 0.14% |
90,108
+39,794
| +79% | +$30.4M |
|
143
CSX Corp
CSX
$95.3B
| $66.4M | 0.14% |
7,677,249
+1,143,129
| +17% | +$10.4M |
|
144
Tenaris
TS
$26.5B
| $66.1M | 0.14% |
2,777,750
+2,213,170
| +392% | +$56M |
|
145
Newmont
NEM
$136B
| $65.5M | 0.14% |
3,641,575
+790,245
| +28% | +$14.5M |
|
146
Analog Devices
ADI
$178B
| $65.3M | 0.14% |
1,179,926
+751,313
| +175% | +$44.2M |
|
|
SIVB
147
DELISTED
SVB Financial Group
SIVB
| $65.3M | 0.14% |
548,937
+209,285
| +62% | +$26M |
|
|
GMCR
148
DELISTED
KEURIG GREEN MTN INC
GMCR
| $65.2M | 0.14% |
+725,124
| New | +$45.1M |
|
|
EGN
149
DELISTED
Energen
EGN
| $65.2M | 0.14% |
1,589,804
-1,717,953
| -52% | -$94.1M |
|
150
Intel
INTC
$460B
| $65M | 0.14% |
+1,887,763
| New | +$63.8M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.