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 | |
|---|---|---|---|---|---|---|
|
AMTD
1576
CALL
DELISTED
TD Ameritrade Holding Corp
AMTD
| $3.52M | 0.01% |
+100,000
| New | +$3.12M |
|
|
AMWD
1577
DELISTED
American Woodmark
AMWD
| $3.52M | 0.01% |
+43,680
| New | +$3.41M |
|
1578
Hanmi Financial
HAFC
$921M
| $3.52M | 0.01% |
133,431
+21,610
| +19% | +$544K |
|
1579
Ceco Environmental
CECO
$4.12B
| $3.51M | 0.01% |
311,155
+168,327
| +118% | +$1.71M |
|
|
CVG
1580
DELISTED
Convergys
CVG
| $3.51M | 0.01% |
115,297
-578,242
| -83% | -$16.4M |
|
1581
Progress Software
PRGS
$1.79B
| $3.5M | 0.01% |
128,807
+113,584
| +746% | +$3.25M |
|
|
GOOD
1582
Gladstone Commercial Corp
GOOD
$630M
| $3.49M | 0.01% |
187,271
+58,115
| +45% | +$1.04M |
|
1583
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $3.49M | 0.01% |
40,000
-10,000
| -20% | -$945K |
|
1584
Ultrapar
UGP
$6.87B
| $3.49M | 0.01% |
+318,638
| New | +$3.56M |
|
|
JWN
1585
DELISTED
Nordstrom
JWN
| $3.48M | 0.01% |
67,053
-119,879
| -64% | -$5.63M |
|
1586
TFS Financial
TFSL
$5.03B
| $3.48M | 0.01% |
195,215
+71,608
| +58% | +$1.29M |
|
1587
Flowserve
FLS
$10.5B
| $3.47M | 0.01% |
71,978
-586,528
| -89% | -$27.8M |
|
1588
Humana
HUM
$47B
| $3.47M | 0.01% |
19,616
-45,708
| -70% | -$7.93M |
|
|
OSB
1589
DELISTED
Norbord Inc.
OSB
| $3.46M | 0.01% |
134,433
-12,597
| -9% | -$299K |
|
1590
Kulicke & Soffa
KLIC
$4.44B
| $3.43M | 0.01% |
265,055
-44,986
| -15% | -$564K |
|
1591
PTC Therapeutics
PTCT
$6.07B
| $3.43M | 0.01% |
244,537
+192,535
| +370% | +$1.57M |
|
|
AGTC
1592
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $3.42M | 0.01% |
349,730
+268,078
| +328% | +$3.62M |
|
1593
Petrobras Class A
PBR.A
$103B
| $3.41M | 0.01% |
410,023
-1,467,544
| -78% | -$11M |
|
1594
State Street SPDR S&P Retail ETF
XRT
$326M
| $3.41M | 0.01% |
+78,200
| New | +$3.46M |
|
|
HTLF
1595
DELISTED
Heartland Financial USA, Inc.
HTLF
| $3.4M | 0.01% |
94,112
+26,791
| +40% | +$966K |
|
1596
Rocket Pharmaceuticals
RCKT
$402M
| $3.39M | 0.01% |
89,447
+54,930
| +159% | +$1.73M |
|
1597
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $3.39M | 0.01% |
85,816
+8,405
| +11% | +$335K |
|
1598
RPM International
RPM
$13.7B
| $3.39M | 0.01% |
+63,043
| New | +$3.35M |
|
1599
CALL
Eastman Chemical
EMN
$8.34B
| $3.38M | 0.01% |
50,000
-6,000
| -11% | -$403K |
|
1600
American Financial Group
AFG
$12B
| $3.37M | 0.01% |
44,992
-66,357
| -60% | -$4.89M |
|
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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.