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 | |
|---|---|---|---|---|---|---|
|
FNSR
1676
DELISTED
Finisar Corp
FNSR
| $2.39M | 0.01% |
130,909
-630,238
| -83% | -$9.06M |
|
1677
Navient
NAVI
$894M
| $2.38M | 0.01% |
198,715
+35,136
| +21% | +$365K |
|
|
RDS.B
1678
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $2.38M | 0.01% |
48,316
-46,973
| -49% | -$2.11M |
|
|
DNR
1679
DELISTED
Denbury Resources, Inc.
DNR
| $2.38M | 0.01% |
1,070,919
-2,114,443
| -66% | -$3.52M |
|
|
SCHW
1680
Charles Schwab
SCHW
$195B
| $2.37M | 0.01% |
84,732
-970,415
| -92% | -$25.6M |
|
|
XLNX
1681
CALL
DELISTED
Xilinx Inc
XLNX
| $2.37M | 0.01% |
50,000
+10,000
| +25% | +$469K |
|
1682
PUT
Nucor
NUE
$56.1B
| $2.37M | 0.01% |
+50,000
| New | +$2.03M |
|
1683
PUT
Western Digital
WDC
$160B
| $2.36M | 0.01% |
+66,150
| New | +$2.37M |
|
|
IMOS
1684
ChipMOS TECHNOLOGIES
IMOS
$1.94B
| $2.36M | 0.01% |
123,032
-529,349
| -81% | -$10.2M |
|
|
ALR
1685
DELISTED
Alere Inc
ALR
| $2.35M | 0.01% |
46,479
-221,749
| -83% | -$10.6M |
|
1686
PUT
Boston Scientific
BSX
$72B
| $2.35M | 0.01% |
+125,000
| New | +$2.2M |
|
|
TRIL
1687
DELISTED
Trillium Therapeutics Inc.
TRIL
| $2.35M | 0.01% |
254,198
+23,013
| +10% | +$194K |
|
|
CEB
1688
DELISTED
CEB Inc.
CEB
| $2.35M | 0.01% |
36,302
-55,455
| -60% | -$3.17M |
|
|
CVA
1689
DELISTED
Covanta Holding Corporation
CVA
| $2.34M | 0.01% |
+138,781
| New | +$2.05M |
|
|
WFM
1690
PUT
DELISTED
Whole Foods Market Inc
WFM
| $2.33M | 0.01% |
+75,000
| New | +$2.35M |
|
1691
Huntington Ingalls Industries
HII
$11.5B
| $2.33M | 0.01% |
17,024
-62,828
| -79% | -$8.18M |
|
1692
ProQR Therapeutics
PRQR
$325M
| $2.32M | 0.01% |
476,242
-398,502
| -46% | -$2.03M |
|
1693
Supernus Pharmaceuticals
SUPN
$2.63B
| $2.32M | 0.01% |
152,041
-59,618
| -28% | -$778K |
|
|
WCG
1694
PUT
DELISTED
Wellcare Health Plans, Inc.
WCG
| $2.32M | 0.01% |
+25,000
| New | +$2.07M |
|
1695
PUT
Viatris
VTRS
$19.1B
| $2.32M | 0.01% |
+50,000
| New | +$2.41M |
|
|
SHOE
1696
Shoe Station Group
SHOE
$391M
| $2.31M | 0.01% |
171,494
-34,172
| -17% | -$406K |
|
|
EFII
1697
DELISTED
Electronics for Imaging
EFII
| $2.31M | 0.01% |
+54,480
| New | +$2.22M |
|
1698
Flowers Foods
FLO
$1.51B
| $2.31M | 0.01% |
+124,952
| New | +$2.37M |
|
|
ALX
1699
Alexander's
ALX
$1.39B
| $2.31M | 0.01% |
+6,057
| New | +$2.29M |
|
|
NTT
1700
DELISTED
Nippon Telegraph & Telephone
NTT
| $2.3M | 0.01% |
53,275
-66,247
| -55% | -$2.8M |
|
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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.