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 | |
|---|---|---|---|---|---|---|
|
MON
1501
DELISTED
Monsanto Co
MON
| $3.28M | 0.01% |
37,386
-405,355
| -92% | -$36.6M |
|
1502
Old National Bancorp
ONB
$9.82B
| $3.28M | 0.01% |
268,772
-198,949
| -43% | -$2.35M |
|
1503
American States Water
AWR
$3.59B
| $3.27M | 0.01% |
83,150
+30,182
| +57% | +$1.28M |
|
|
DISCK
1504
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $3.26M | 0.01% |
120,703
-290,228
| -71% | -$7.53M |
|
|
SJR
1505
DELISTED
Shaw Communications Inc.
SJR
| $3.25M | 0.01% |
168,329
+68,136
| +68% | +$1.19M |
|
1506
Adtran
ADTN
$642M
| $3.25M | 0.01% |
160,695
-406,991
| -72% | -$7.53M |
|
1507
Stanley Black & Decker
SWK
$14.8B
| $3.24M | 0.01% |
30,815
-239,810
| -89% | -$23.3M |
|
1508
Insteel Industries
IIIN
$581M
| $3.24M | 0.01% |
105,964
+2,621
| +3% | +$65.4K |
|
1509
Range Resources
RRC
$9.58B
| $3.24M | 0.01% |
100,000
+16,354
| +20% | +$455K |
|
1510
Madison Square Garden
MSGS
$9.71B
| $3.23M | 0.01% |
27,217
-38,165
| -58% | -$4.25M |
|
|
FL
1511
PUT
DELISTED
Foot Locker
FL
| $3.23M | 0.01% |
+50,000
| New | +$3.24M |
|
|
CVSA
1512
Covista Inc
CVSA
$4.52B
| $3.22M | 0.01% |
186,450
+154,870
| +490% | +$3.06M |
|
|
X
1513
PUT
DELISTED
US Steel
X
| $3.21M | 0.01% |
+200,000
| New | +$1.99M |
|
1514
iShares US Energy ETF
IYE
$1.83B
| $3.21M | 0.01% |
+92,200
| New | +$3.01M |
|
|
SRCLP
1515
DELISTED
Stericycle, Inc
SRCLP
| $3.2M | 0.01% |
34,230
-5,020
| -13% | -$445K |
|
1516
Unifirst Corp
UNF
$5.29B
| $3.2M | 0.01% |
29,306
-5,042
| -15% | -$527K |
|
|
INSY
1517
CALL
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.2M | 0.01% |
+200,000
| New | +$3.8M |
|
1518
PUT
Albemarle
ALB
$15.9B
| $3.2M | 0.01% |
50,000
-50,000
| -50% | -$2.74M |
|
|
XOXO
1519
DELISTED
Xo Group Inc
XOXO
| $3.19M | 0.01% |
199,094
-40,206
| -17% | -$603K |
|
|
RSX
1520
DELISTED
VanEck Russia ETF
RSX
| $3.19M | 0.01% |
195,194
+176,138
| +924% | +$2.55M |
|
|
IL
1521
DELISTED
IntraLinks Holdings Inc.
IL
| $3.19M | 0.01% |
405,122
+80,393
| +25% | +$631K |
|
|
EGRX
1522
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $3.18M | 0.01% |
78,503
+72,965
| +1,318% | +$4.63M |
|
1523
Kulicke & Soffa
KLIC
$4.4B
| $3.17M | 0.01% |
280,444
+81,797
| +41% | +$891K |
|
1524
Logitech
LOGI
$14B
| $3.17M | 0.01% |
+199,555
| New | +$3.03M |
|
1525
PUT
GameStop
GME
$8.06B
| $3.17M | 0.01% |
400,000
| – | – |
|
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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.