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 | |
|---|---|---|---|---|---|---|
1601
Acadia Realty Trust
AKR
$2.92B
| $2.79M | 0.01% |
79,481
-326,208
| -80% | -$10.8M |
|
|
RPT
1602
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $2.79M | 0.01% |
154,528
-111,863
| -42% | -$1.89M |
|
1603
IAMGOLD
IAG
$12.6B
| $2.79M | 0.01% |
+1,260,184
| New | +$2.45M |
|
|
ECYT
1604
DELISTED
Endocyte, Inc. Common Stock
ECYT
| $2.78M | 0.01% |
897,867
+9,425
| +1% | +$30.8K |
|
1605
O-I Glass
OI
$1.12B
| $2.78M | 0.01% |
174,328
+151
| +0.1% | +$2.16K |
|
|
ITCI
1606
PUT
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $2.78M | 0.01% |
100,000
-25,000
| -20% | -$833K |
|
|
EJ
1607
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $2.77M | 0.01% |
446,201
-87,975
| -16% | -$520K |
|
1608
Halozyme
HALO
$12.4B
| $2.77M | 0.01% |
292,428
+216,988
| +288% | +$2.04M |
|
|
MASI
1609
DELISTED
Masimo
MASI
| $2.76M | 0.01% |
65,982
-107,054
| -62% | -$4.03M |
|
1610
Vanguard Morningstar Growth ETF
VUG
$225B
| $2.75M | 0.01% |
154,770
+138,318
| +841% | +$2.32M |
|
|
SHLX
1611
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $2.75M | 0.01% |
75,000
+45,000
| +150% | +$1.59M |
|
1612
Ormat Technologies
ORA
$6.52B
| $2.74M | 0.01% |
+66,496
| New | +$2.47M |
|
1613
Shutterstock
SSTK
$200M
| $2.73M | 0.01% |
74,299
-193,864
| -72% | -$6.27M |
|
1614
Avista
AVA
$3.18B
| $2.73M | 0.01% |
66,817
-1,024,123
| -94% | -$38.5M |
|
1615
Televisa
TV
$1.45B
| $2.72M | 0.01% |
99,146
-804,895
| -89% | -$21.1M |
|
1616
Herbalife
HLF
$1.33B
| $2.71M | 0.01% |
+88,210
| New | +$2.28M |
|
1617
John B. Sanfilippo & Son
JBSS
$872M
| $2.71M | 0.01% |
39,240
-39,967
| -50% | -$2.5M |
|
|
INVN
1618
DELISTED
Invensense Inc
INVN
| $2.71M | 0.01% |
322,589
-175,066
| -35% | -$1.39M |
|
1619
Insmed
INSM
$27.4B
| $2.7M | 0.01% |
213,238
+168,472
| +376% | +$2.21M |
|
|
ENLC
1620
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $2.7M | 0.01% |
240,136
+221,199
| +1,168% | +$2.38M |
|
1621
CALL
The Mosaic Company
MOS
$7.66B
| $2.7M | 0.01% |
100,000
+25,000
| +33% | +$653K |
|
1622
Assured Guaranty
AGO
$3.28B
| $2.7M | 0.01% |
106,695
+95,394
| +844% | +$2.35M |
|
1623
Anika Therapeutics
ANIK
$288M
| $2.7M | 0.01% |
60,353
-103,956
| -63% | -$4.22M |
|
1624
Reinsurance Group of America
RGA
$15.9B
| $2.69M | 0.01% |
27,964
+22,962
| +459% | +$2.02M |
|
1625
Standard BioTools
LAB
$255M
| $2.69M | 0.01% |
333,287
-277,761
| -45% | -$2M |
|
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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.