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 | |
|---|---|---|---|---|---|---|
1476
Extreme Networks
EXTR
$2.92B
| $3.38M | 0.01% |
1,086,429
+440,301
| +68% | +$1.35M |
|
1477
CALL
iShares China Large-Cap ETF
FXI
$4.24B
| $3.38M | 0.01% |
+100,000
| New | +$3.14M |
|
|
LMOS
1478
DELISTED
Lumos Networks Corp
LMOS
| $3.38M | 0.01% |
262,839
-156,577
| -37% | -$1.84M |
|
|
REV
1479
DELISTED
Revlon, Inc.
REV
| $3.37M | 0.01% |
+92,443
| New | +$2.9M |
|
|
NSA
1480
DELISTED
National Storage Affiliates Trust
NSA
| $3.36M | 0.01% |
+158,556
| New | +$2.84M |
|
|
XHR
1481
Xenia Hotels & Resorts
XHR
$1.81B
| $3.35M | 0.01% |
214,485
+146,901
| +217% | +$2.17M |
|
|
VEDL
1482
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $3.34M | 0.01% |
607,529
+584,182
| +2,502% | +$2.72M |
|
1483
Banco Santander Chile
BSAC
$17B
| $3.33M | 0.01% |
+172,211
| New | +$3.04M |
|
|
CLNY
1484
DELISTED
Colony Capital, Inc.
CLNY
| $3.33M | 0.01% |
198,678
-180,616
| -48% | -$3.03M |
|
1485
Insulet
PODD
$10.1B
| $3.33M | 0.01% |
100,445
-252,827
| -72% | -$7.94M |
|
1486
Simpson Manufacturing
SSD
$7.69B
| $3.33M | 0.01% |
87,276
-80,708
| -48% | -$2.73M |
|
|
BRKL
1487
DELISTED
Brookline Bancorp
BRKL
| $3.33M | 0.01% |
302,440
-97,141
| -24% | -$1.05M |
|
1488
Agree Realty
ADC
$9.28B
| $3.33M | 0.01% |
86,427
-116,947
| -58% | -$4.25M |
|
1489
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $3.32M | 0.01% |
+32,333
| New | +$3.22M |
|
1490
Deluxe
DLX
$1.1B
| $3.32M | 0.01% |
53,098
-93,003
| -64% | -$5.18M |
|
1491
Minerals Technologies
MTX
$2.24B
| $3.32M | 0.01% |
58,358
-144,213
| -71% | -$6.73M |
|
|
ELME
1492
Elme Communities
ELME
$149M
| $3.32M | 0.01% |
+113,538
| New | +$2.99M |
|
1493
Great Southern Bancorp
GSBC
$857M
| $3.31M | 0.01% |
89,221
+67,829
| +317% | +$2.63M |
|
1494
GSI Technology
GSIT
$220M
| $3.31M | 0.01% |
807,132
+334
| +0% | +$1.24K |
|
1495
BancFirst
BANF
$3.78B
| $3.31M | 0.01% |
116,008
-108,746
| -48% | -$3.05M |
|
1496
LeMaitre Vascular
LMAT
$1.83B
| $3.3M | 0.01% |
212,584
+94,336
| +80% | +$1.35M |
|
1497
PUT
Cummins
CMI
$78.7B
| $3.3M | 0.01% |
30,000
-70,000
| -70% | -$6.77M |
|
1498
Arbutus Biopharma
ABUS
$1.03B
| $3.29M | 0.01% |
797,740
-406,705
| -34% | -$1.45M |
|
1499
OraSure Technologies
OSUR
$263M
| $3.29M | 0.01% |
455,781
-487,539
| -52% | -$3.1M |
|
|
HSNI
1500
DELISTED
HSN, Inc.
HSNI
| $3.28M | 0.01% |
62,748
-26,325
| -30% | -$1.31M |
|
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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.