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 | Miscellaneous | 13.07% |
| 3 | Healthcare | 10.7% |
| 4 | Energy | 9.08% |
| 5 | Technology | 8.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1626
Galicia Financial Group
GGAL
$6.95B
| $3.18M | 0.01% |
102,207
+77,827
| +319% | +$2.34M |
|
1627
OSI Systems
OSIS
$3.34B
| $3.17M | 0.01% |
48,569
+20,015
| +70% | +$1.26M |
|
|
MBFI
1628
DELISTED
MB Financial Corp
MBFI
| $3.17M | 0.01% |
83,409
+72,730
| +681% | +$2.78M |
|
1629
Enviri
NVRI
$654M
| $3.17M | 0.01% |
319,468
-106,416
| -25% | -$1.01M |
|
|
AAN.A
1630
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $3.17M | 0.01% |
124,749
-142,916
| -53% | -$3.63M |
|
|
TYPE
1631
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $3.16M | 0.01% |
143,112
+118,683
| +486% | +$2.58M |
|
|
TERP
1632
DELISTED
TerraForm Power, Inc
TERP
| $3.15M | 0.01% |
+226,734
| New | +$2.84M |
|
1633
Hyatt Hotels
H
$16.6B
| $3.14M | 0.01% |
63,874
-233,505
| -79% | -$12M |
|
|
CUDA
1634
DELISTED
Barracuda Networks, Inc.
CUDA
| $3.14M | 0.01% |
123,314
+9,260
| +8% | +$203K |
|
1635
Griffon
GFF
$4.48B
| $3.14M | 0.01% |
184,639
+128,981
| +232% | +$2.2M |
|
|
DRRX
1636
DELISTED
DURECT Corp
DRRX
| $3.14M | 0.01% |
225,647
+190,427
| +541% | +$3.13M |
|
|
BMCH
1637
DELISTED
BMC Stock Holdings, Inc
BMCH
| $3.13M | 0.01% |
+176,432
| New | +$3.44M |
|
1638
PUT
Merck
MRK
$373B
| $3.12M | 0.01% |
52,400
-262,000
| -83% | -$15.3M |
|
1639
Hackett Group
HCKT
$279M
| $3.12M | 0.01% |
188,766
-149,173
| -44% | -$2.28M |
|
1640
IDEX
IEX
$17.3B
| $3.11M | 0.01% |
+33,220
| New | +$3M |
|
|
RAVN
1641
DELISTED
Raven Industries Inc
RAVN
| $3.1M | 0.01% |
+134,787
| New | +$2.91M |
|
1642
Hercules Capital
HTGC
$3.3B
| $3.1M | 0.01% |
228,732
+142,812
| +166% | +$1.9M |
|
1643
Repligen
RGEN
$10.3B
| $3.1M | 0.01% |
102,660
-36,242
| -26% | -$1.09M |
|
1644
ABM Industries
ABM
$2.79B
| $3.09M | 0.01% |
77,882
+13,673
| +21% | +$520K |
|
1645
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.8B
| $3.09M | 0.01% |
55,538
+42,734
| +334% | +$2.38M |
|
1646
CEMIG Preferred Shares
CIG
$5.64B
| $3.08M | 0.01% |
2,335,263
+1,959,578
| +522% | +$2.7M |
|
|
BNFT
1647
DELISTED
Benefitfocus, Inc.
BNFT
| $3.07M | 0.01% |
76,932
+51,689
| +205% | +$2.12M |
|
|
AEL
1648
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.06M | 0.01% |
172,839
+55,072
| +47% | +$909K |
|
1649
Brookfield
BN
$93.3B
| $3.05M | 0.01% |
243,179
-231,043
| -49% | -$2.83M |
|
1650
Illumina
ILMN
$34.8B
| $3.05M | 0.01% |
+17,255
| New | +$2.76M |
|
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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 $10.3B 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 Miscellaneous and Healthcare.
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.