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 | |
|---|---|---|---|---|---|---|
|
CERN
126
DELISTED
Cerner Corp
CERN
| $66.3M | 0.17% |
1,251,561
+1,002,199
| +402% | +$54.6M |
|
127
Highwoods Properties
HIW
$3.46B
| $66M | 0.17% |
1,380,539
+356,063
| +35% | +$15.5M |
|
128
Elevance Health
ELV
$86.9B
| $65.8M | 0.16% |
473,279
+410,079
| +649% | +$54.8M |
|
|
SRC
129
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $65.6M | 0.16% |
1,299,916
-682,364
| -34% | -$31.9M |
|
|
BEAV
130
DELISTED
B/E Aerospace Inc
BEAV
| $65.1M | 0.16% |
1,412,123
+218,881
| +18% | +$9.37M |
|
131
Sabre
SABR
$848M
| $64.6M | 0.16% |
2,232,607
+884,928
| +66% | +$23.6M |
|
132
Eli Lilly
LLY
$1.12T
| $64.3M | 0.16% |
892,391
+536,342
| +151% | +$40.6M |
|
|
WPX
133
DELISTED
WPX Energy, Inc.
WPX
| $63.9M | 0.16% |
9,138,726
-1,419,571
| -13% | -$7.24M |
|
|
GRFS
134
Grifois
GRFS
$5.44B
| $63.4M | 0.16% |
4,097,844
+2,111,234
| +106% | +$31.9M |
|
135
Western Alliance Bancorporation
WAL
$8.69B
| $63.1M | 0.16% |
1,890,962
-122,372
| -6% | -$3.83M |
|
|
BHI
136
DELISTED
Baker Hughes
BHI
| $62.7M | 0.16% |
1,430,408
+1,018,571
| +247% | +$44M |
|
137
Extra Space Storage
EXR
$31B
| $61.8M | 0.15% |
661,547
+520,860
| +370% | +$45.3M |
|
|
LSI
138
DELISTED
Life Storage, Inc.
LSI
| $61.8M | 0.15% |
785,609
-59,077
| -7% | -$4.3M |
|
139
Vulcan Materials
VMC
$35.8B
| $61.6M | 0.15% |
583,485
+321,313
| +123% | +$30.5M |
|
|
STJ
140
DELISTED
St Jude Medical
STJ
| $61.4M | 0.15% |
1,117,195
+191,301
| +21% | +$10.4M |
|
|
TFCFA
141
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $61.4M | 0.15% |
2,201,512
+2,057,712
| +1,431% | +$55.1M |
|
142
Exelon
EXC
$45.1B
| $61.2M | 0.15% |
2,391,093
-4,476,769
| -65% | -$100M |
|
|
EQY
143
DELISTED
Equity One
EQY
| $61M | 0.15% |
2,129,374
-97,476
| -4% | -$2.68M |
|
144
Honeywell
HON
$68.4B
| $60.3M | 0.15% |
598,664
-1,143,288
| -66% | -$107M |
|
145
Allstate
ALL
$64.2B
| $59.5M | 0.15% |
882,481
+176,540
| +25% | +$11.1M |
|
146
Zions Bancorporation
ZION
$9.95B
| $59.2M | 0.15% |
2,445,183
-231,984
| -9% | -$5.34M |
|
147
PVH
PVH
$3.62B
| $59.2M | 0.15% |
597,418
-59,564
| -9% | -$4.69M |
|
148
Camden Property Trust
CPT
$10.8B
| $58.9M | 0.15% |
700,959
+60,919
| +10% | +$4.65M |
|
149
Cisco
CSCO
$438B
| $58.7M | 0.15% |
2,062,192
-1,092,566
| -35% | -$28.1M |
|
150
Goldman Sachs
GS
$303B
| $58.3M | 0.15% |
371,445
-31,214
| -8% | -$4.83M |
|
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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.