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 | |
|---|---|---|---|---|---|---|
|
ERF
1651
DELISTED
Enerplus Corporation
ERF
| $3.14M | 0.01% |
918,707
-116,079
| -11% | -$554K |
|
|
RLYP
1652
DELISTED
RELYPSA INC COM
RLYP
| $3.14M | 0.01% |
110,726
-99,743
| -47% | -$2.15M |
|
1653
Pearson
PSO
$9.98B
| $3.13M | 0.01% |
290,583
+97,453
| +50% | +$1.32M |
|
1654
iShares Russell 2000 Value ETF
IWN
$14.6B
| $3.12M | 0.01% |
33,969
-29,909
| -47% | -$2.84M |
|
|
AVDL
1655
DELISTED
Avadel Pharmaceuticals
AVDL
| $3.1M | 0.01% |
254,248
+107,470
| +73% | +$1.68M |
|
1656
Ribbon Communications
RBBN
$368M
| $3.1M | 0.01% |
434,083
+196,081
| +82% | +$1.32M |
|
1657
Harmony Gold Mining
HMY
$14.3B
| $3.09M | 0.01% |
3,329,186
-621,911
| -16% | -$454K |
|
|
WSTC
1658
DELISTED
West Corporation
WSTC
| $3.09M | 0.01% |
143,410
-30,088
| -17% | -$722K |
|
1659
Cohen & Steers
CNS
$4.27B
| $3.09M | 0.01% |
101,431
-36,506
| -26% | -$1.1M |
|
1660
SLR Investment Corp
SLRC
$687M
| $3.09M | 0.01% |
187,834
-175,405
| -48% | -$3.02M |
|
1661
Mercado Libre
MELI
$101B
| $3.08M | 0.01% |
+26,964
| New | +$2.97M |
|
1662
Sonida Senior Living
SNDA
$1.97B
| $3.08M | 0.01% |
9,850
-13,418
| -58% | -$4.47M |
|
|
KITE
1663
CALL
DELISTED
Kite Pharma, Inc.
KITE
| $3.08M | 0.01% |
+50,000
| New | +$3.52M |
|
1664
Sensient Technologies
SXT
$5.82B
| $3.07M | 0.01% |
48,933
-23,966
| -33% | -$1.55M |
|
1665
iShares MSCI EAFE ETF
EFA
$80.4B
| $3.06M | 0.01% |
+52,158
| New | +$3.14M |
|
|
POM
1666
DELISTED
PEPCO HOLDINGS, INC.
POM
| $3.06M | 0.01% |
117,714
-194,380
| -62% | -$5.09M |
|
1667
Credicorp
BAP
$30.4B
| $3.06M | 0.01% |
31,413
-25,125
| -44% | -$2.73M |
|
|
UNTD
1668
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $3.06M | 0.01% |
259,082
-151,933
| -37% | -$1.71M |
|
|
KING
1669
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
| $3.05M | 0.01% |
170,564
-421,165
| -71% | -$7.02M |
|
1670
Lumentum
LITE
$79.4B
| $3.05M | 0.01% |
138,469
-52,499
| -27% | -$935K |
|
|
HSKA
1671
DELISTED
Heska Corp
HSKA
| $3.05M | 0.01% |
78,768
+7,895
| +11% | +$262K |
|
1672
ITT
ITT
$18.4B
| $3.05M | 0.01% |
83,872
-110,856
| -57% | -$4.16M |
|
1673
O-I Glass
OI
$1.15B
| $3.03M | 0.01% |
174,177
-22,712
| -12% | -$458K |
|
1674
iShares Core S&P 500 ETF
IVV
$894B
| $3.03M | 0.01% |
14,796
-3,244
| -18% | -$670K |
|
|
SONC
1675
DELISTED
Sonic Corp
SONC
| $3.03M | 0.01% |
93,679
-1,369,252
| -94% | -$39M |
|
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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.