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 | |
|---|---|---|---|---|---|---|
|
SBY
1501
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $3.89M | 0.01% |
221,881
-353,002
| -61% | -$6.45M |
|
|
TARO
1502
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $3.89M | 0.01% |
+35,182
| New | +$4.66M |
|
1503
PUT
iShares MSCI Mexico ETF
EWW
$1.8B
| $3.88M | 0.01% |
+80,000
| New | +$4.02M |
|
|
RXDX
1504
DELISTED
Ignyta, Inc.
RXDX
| $3.87M | 0.01% |
615,823
+301,411
| +96% | +$1.75M |
|
|
SPLS
1505
DELISTED
Staples Inc
SPLS
| $3.86M | 0.01% |
+451,963
| New | +$3.98M |
|
1506
Cincinnati Financial
CINF
$26.5B
| $3.85M | 0.01% |
51,115
+31,393
| +159% | +$2.38M |
|
1507
CALL
Seagate
STX
$192B
| $3.85M | 0.01% |
+100,000
| New | +$3.25M |
|
1508
Sun Life Financial
SLF
$44B
| $3.85M | 0.01% |
118,331
+94,422
| +395% | +$3.04M |
|
1509
Pampa Energía
PAM
$4.33B
| $3.84M | 0.01% |
118,534
+24,011
| +25% | +$669K |
|
|
HOS
1510
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $3.83M | 0.01% |
695,375
+444,802
| +178% | +$2.9M |
|
1511
iShares MSCI Thailand ETF
THD
$358M
| $3.82M | 0.01% |
+52,000
| New | +$3.8M |
|
|
CPLA
1512
DELISTED
Capella Education Company
CPLA
| $3.81M | 0.01% |
65,661
-24,011
| -27% | -$1.4M |
|
1513
Group 1 Automotive
GPI
$3.13B
| $3.8M | 0.01% |
59,494
+23,902
| +67% | +$1.41M |
|
1514
CALL
Tower Semiconductor
TSEM
$25B
| $3.79M | 0.01% |
+250,000
| New | +$3.61M |
|
1515
Take-Two Interactive
TTWO
$43.7B
| $3.79M | 0.01% |
84,189
-253,192
| -75% | -$10.7M |
|
|
ICPT
1516
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.79M | 0.01% |
+23,000
| New | +$3.63M |
|
1517
H&R Block
HRB
$6.49B
| $3.78M | 0.01% |
163,213
-2,328,365
| -93% | -$54.5M |
|
|
RDUS
1518
DELISTED
Radius Health, Inc.
RDUS
| $3.77M | 0.01% |
69,769
-29,550
| -30% | -$1.5M |
|
1519
Wabash National
WNC
$510M
| $3.77M | 0.01% |
264,643
-149,980
| -36% | -$2.05M |
|
|
SIGM
1520
DELISTED
Sigma Designs Inc
SIGM
| $3.77M | 0.01% |
+483,825
| New | +$3.51M |
|
|
FARM
1521
DELISTED
Farmer Brothers
FARM
| $3.77M | 0.01% |
105,937
+77,657
| +275% | +$2.51M |
|
1522
PUT
Louisiana-Pacific
LPX
$4.98B
| $3.77M | 0.01% |
200,000
+100,000
| +100% | +$1.94M |
|
1523
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $3.76M | 0.01% |
194,896
-52,532
| -21% | -$1.08M |
|
1524
Aaon
AAON
$6.58B
| $3.75M | 0.01% |
195,174
-97,695
| -33% | -$1.8M |
|
|
INVX
1525
Innovex International
INVX
$1.98B
| $3.75M | 0.01% |
67,210
+737
| +1% | +$41.1K |
|
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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.