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 | |
|---|---|---|---|---|---|---|
126
Masco
MAS
$14.5B
| $84.6M | 0.14% |
2,465,484
+2,178,366
| +759% | +$75.3M |
|
|
CMA
127
DELISTED
Comerica
CMA
| $84.4M | 0.14% |
1,783,672
+325,840
| +22% | +$14.8M |
|
|
EA
128
DELISTED
Electronic Arts
EA
| $84.2M | 0.14% |
986,153
-390,461
| -28% | -$31.2M |
|
129
Oracle
ORCL
$422B
| $83.4M | 0.14% |
2,123,367
-14,720
| -0.7% | -$600K |
|
130
Black Hills Corp
BKH
$5.47B
| $82.3M | 0.14% |
1,343,821
-50,924
| -4% | -$3.1M |
|
131
Walt Disney
DIS
$186B
| $82.1M | 0.14% |
+884,379
| New | +$84.7M |
|
132
Occidental Petroleum
OXY
$61.3B
| $82M | 0.14% |
+1,125,000
| New | +$84.2M |
|
133
Southwest Airlines
LUV
$19.8B
| $81.8M | 0.14% |
2,102,970
+876,968
| +72% | +$33.3M |
|
|
CELG
134
DELISTED
Celgene Corp
CELG
| $81.7M | 0.14% |
781,569
+360,397
| +86% | +$39M |
|
135
PVH
PVH
$3.62B
| $81.6M | 0.14% |
738,153
+65,372
| +10% | +$6.76M |
|
136
Diamondback Energy
FANG
$59B
| $80.9M | 0.14% |
837,793
+669,006
| +396% | +$61.6M |
|
137
Teva Pharmaceuticals
TEVA
$43.5B
| $80.7M | 0.14% |
1,754,160
+558,417
| +47% | +$29.1M |
|
138
Alibaba
BABA
$286B
| $80.6M | 0.14% |
762,032
+736,052
| +2,833% | +$68.2M |
|
|
HR
139
DELISTED
Healthcare Realty Trust Incorporated
HR
| $80.6M | 0.14% |
2,366,392
+14,320
| +0.6% | +$503K |
|
140
Huntington Bancshares
HBAN
$34.4B
| $80.6M | 0.14% |
8,169,570
+6,059,768
| +287% | +$57.7M |
|
141
Golar LNG
GLNG
$5.31B
| $79.8M | 0.13% |
3,766,457
+750,461
| +25% | +$14.3M |
|
142
Qualcomm
QCOM
$169B
| $79.6M | 0.13% |
1,161,755
+498,261
| +75% | +$30.3M |
|
143
Bankunited
BKU
$3.3B
| $79.5M | 0.13% |
2,633,090
+2,399,370
| +1,027% | +$73.6M |
|
144
Hershey
HSY
$37.5B
| $78.9M | 0.13% |
+825,621
| New | +$87.3M |
|
145
Johnson & Johnson
JNJ
$651B
| $78.9M | 0.13% |
667,561
-592,165
| -47% | -$71.8M |
|
146
AutoZone
AZO
$48.3B
| $78.7M | 0.13% |
102,366
+85,384
| +503% | +$66.5M |
|
147
Highwoods Properties
HIW
$3.46B
| $78.4M | 0.13% |
1,504,666
+18,051
| +1% | +$960K |
|
148
Kroger
KR
$35.5B
| $78.2M | 0.13% |
2,633,747
+1,357,015
| +106% | +$45.1M |
|
149
DaVita
DVA
$11.1B
| $77.9M | 0.13% |
1,179,663
-1,560,514
| -57% | -$110M |
|
150
CALL
BP
BP
$115B
| $77.5M | 0.13% |
2,618,140
| – | – |
|
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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.