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 | |
|---|---|---|---|---|---|---|
1651
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $3.04M | 0.01% |
27,134
-34,646
| -56% | -$3.88M |
|
1652
PUT
Medtronic
MDT
$117B
| $3.02M | 0.01% |
+35,000
| New | +$3.05M |
|
|
WCC
1653
WESCO International
WCC
$17.1B
| $3.02M | 0.01% |
49,136
-443,223
| -90% | -$25.4M |
|
1654
FTI Consulting
FCN
$4.21B
| $3.02M | 0.01% |
67,743
-206,895
| -75% | -$8.94M |
|
|
RGC
1655
DELISTED
Regal Entertainment Group
RGC
| $3.01M | 0.01% |
+138,556
| New | +$3.05M |
|
1656
Aptiv
APTV
$9.63B
| $3.01M | 0.01% |
42,253
-236,731
| -85% | -$16M |
|
|
STRZA
1657
DELISTED
Starz - Series A
STRZA
| $3.01M | 0.01% |
96,602
-290,503
| -75% | -$8.95M |
|
|
WBA
1658
DELISTED
Walgreens Boots Alliance
WBA
| $3.01M | 0.01% |
+37,343
| New | +$3.04M |
|
1659
Alkermes
ALKS
$8.12B
| $3.01M | 0.01% |
+63,939
| New | +$3.04M |
|
|
KA
1660
DELISTED
Kineta, Inc. Common Stock
KA
| $3.01M | 0.01% |
1,378
+1,214
| +740% | +$2.26M |
|
|
HBI
1661
DELISTED
Hanesbrands
HBI
| $3M | 0.01% |
119,002
-898,262
| -88% | -$23.7M |
|
1662
Braskem
BAK
$657M
| $3M | 0.01% |
195,183
-96,929
| -33% | -$1.27M |
|
1663
Trip.com Group
TCOM
$28.1B
| $3M | 0.01% |
+64,463
| New | +$2.87M |
|
1664
The Ensign Group
ENSG
$10.2B
| $3M | 0.01% |
159,329
-77,243
| -33% | -$1.47M |
|
1665
Medpace
MEDP
$17.2B
| $2.98M | 0.01% |
+99,770
| New | +$2.91M |
|
|
HZN
1666
DELISTED
Horizon Global Corporation
HZN
| $2.98M | 0.01% |
149,494
-54,178
| -27% | -$835K |
|
|
WES
1667
DELISTED
Western Gas Partners Lp
WES
| $2.98M | 0.01% |
+54,111
| New | +$2.71M |
|
|
TRHC
1668
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $2.97M | 0.01% |
+207,675
| New | +$3.03M |
|
|
CEB
1669
DELISTED
CEB Inc.
CEB
| $2.97M | 0.01% |
54,478
-32,015
| -37% | -$1.91M |
|
1670
Innospec
IOSP
$2.36B
| $2.95M | ﹤0.01% |
48,468
-58,562
| -55% | -$3.26M |
|
1671
Eldorado Gold
EGO
$12.5B
| $2.94M | ﹤0.01% |
149,829
-425,305
| -74% | -$8.78M |
|
1672
Winnebago Industries
WGO
$868M
| $2.94M | ﹤0.01% |
124,757
+29,472
| +31% | +$686K |
|
|
LLTC
1673
DELISTED
Linear Technology Corp
LLTC
| $2.94M | ﹤0.01% |
49,595
+41,087
| +483% | +$2.3M |
|
|
EXAS
1674
CALL
DELISTED
Exact Sciences
EXAS
| $2.93M | ﹤0.01% |
+158,000
| New | +$2.78M |
|
|
NUVA
1675
DELISTED
NuVasive, Inc.
NUVA
| $2.93M | ﹤0.01% |
44,016
-768,290
| -95% | -$48.9M |
|
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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.