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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RDUS
1601
DELISTED
Radius Recycling
RDUS
| $3.49M | 0.01% |
+242,944
| New | +$3.89M |
|
|
CXRX
1602
DELISTED
Concordia International Corp. Common Stock
CXRX
| $3.48M | 0.01% |
85,354
+44,354
| +108% | +$1.56M |
|
|
KAMN
1603
DELISTED
Kaman Corp
KAMN
| $3.48M | 0.01% |
85,302
+59,557
| +231% | +$2.33M |
|
1604
PUT
Jefferies Financial Group
JEF
$12.1B
| $3.48M | 0.01% |
+223,426
| New | +$3.74M |
|
|
DRNA
1605
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $3.47M | 0.01% |
292,560
-54,484
| -16% | -$623K |
|
1606
eHealth
EHTH
$38.4M
| $3.47M | 0.01% |
347,446
-3,771
| -1% | -$44.9K |
|
1607
Alnylam Pharmaceuticals
ALNY
$32.1B
| $3.44M | 0.01% |
+36,513
| New | +$3.39M |
|
1608
ICF International
ICFI
$1.58B
| $3.43M | 0.01% |
96,563
+14,062
| +17% | +$471K |
|
|
LTXB
1609
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $3.43M | 0.01% |
+137,233
| New | +$3.95M |
|
1610
PUT
Ecolab
ECL
$81.2B
| $3.43M | 0.01% |
+30,000
| New | +$3.53M |
|
1611
Omega Healthcare
OHI
$14.2B
| $3.43M | 0.01% |
97,985
-220,363
| -69% | -$7.61M |
|
1612
Adecoagro
AGRO
$1.59B
| $3.42M | 0.01% |
278,705
+106,496
| +62% | +$1.12M |
|
|
VSI
1613
DELISTED
Vitamin Shoppe Inc.
VSI
| $3.42M | 0.01% |
104,713
-347,592
| -77% | -$11M |
|
1614
Expeditors International
EXPD
$24.6B
| $3.42M | 0.01% |
75,830
-207,295
| -73% | -$10M |
|
|
FRP
1615
DELISTED
Fairpoint Communications, Inc.
FRP
| $3.42M | 0.01% |
212,829
+151,248
| +246% | +$2.51M |
|
1616
Merit Medical Systems
MMSI
$5.44B
| $3.42M | 0.01% |
183,816
+32,092
| +21% | +$646K |
|
|
ANH
1617
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $3.42M | 0.01% |
785,547
-205,487
| -21% | -$972K |
|
1618
FIVE9
FIVN
$2.41B
| $3.41M | 0.01% |
392,007
+75,489
| +24% | +$437K |
|
|
SJI
1619
DELISTED
South Jersey Industries, Inc.
SJI
| $3.41M | 0.01% |
144,899
-179,802
| -55% | -$4.4M |
|
|
GNRT
1620
DELISTED
Gener8 Maritime, Inc.
GNRT
| $3.4M | 0.01% |
359,348
-402,803
| -53% | -$4.14M |
|
1621
Ironwood Pharmaceuticals
IRWD
$725M
| $3.39M | 0.01% |
349,259
-1,117,266
| -76% | -$10.8M |
|
1622
Gildan
GIL
$10.1B
| $3.38M | 0.01% |
+118,968
| New | +$3.52M |
|
1623
Veracyte
VCYT
$3.54B
| $3.36M | 0.01% |
466,830
+65,022
| +16% | +$438K |
|
|
EJ
1624
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $3.36M | 0.01% |
534,176
-330,857
| -38% | -$2.05M |
|
1625
Skywest
SKYW
$4.02B
| $3.35M | 0.01% |
176,369
-453,762
| -72% | -$8.88M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.