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 | |
|---|---|---|---|---|---|---|
|
AHT
1676
Ashford Hospitality Trust
AHT
$21.5M
| $2.92M | ﹤0.01% |
502
+462
| +1,155% | +$2.83M |
|
1677
PDS Biotechnology
PDSB
$12.1M
| $2.92M | ﹤0.01% |
14,044
+1,592
| +13% | +$315K |
|
|
TGI
1678
DELISTED
Triumph Group
TGI
| $2.92M | ﹤0.01% |
104,805
+98,564
| +1,579% | +$3.18M |
|
|
VSTO
1679
DELISTED
Vista Outdoor Inc.
VSTO
| $2.92M | ﹤0.01% |
73,174
-276,808
| -79% | -$12.2M |
|
1680
Vanguard Morningstar Growth ETF
VUG
$229B
| $2.91M | ﹤0.01% |
155,724
+46,314
| +42% | +$862K |
|
1681
Diageo
DEO
$51.2B
| $2.91M | ﹤0.01% |
+25,093
| New | +$2.87M |
|
|
ISCA
1682
DELISTED
International Speedway Corp
ISCA
| $2.91M | ﹤0.01% |
87,069
+19,646
| +29% | +$666K |
|
|
SIEN
1683
DELISTED
Sientra, Inc.
SIEN
| $2.91M | ﹤0.01% |
32,352
-15,298
| -32% | -$1.19M |
|
1684
Glaukos
GKOS
$10.7B
| $2.91M | ﹤0.01% |
76,990
-299,507
| -80% | -$9.91M |
|
1685
CALL
Range Resources
RRC
$9.76B
| $2.91M | ﹤0.01% |
+75,000
| New | +$3.03M |
|
1686
Nabors Industries
NBR
$1.35B
| $2.89M | ﹤0.01% |
4,757
-3,016
| -39% | -$1.49M |
|
1687
Vanguard Short-Term Corporate Bond ETF
VCSH
$45.1B
| $2.89M | ﹤0.01% |
35,898
+23,448
| +188% | +$1.89M |
|
1688
Caesarstone
CSTE
$111M
| $2.88M | ﹤0.01% |
+76,516
| New | +$2.9M |
|
1689
Advanced Drainage Systems
WMS
$10.5B
| $2.88M | ﹤0.01% |
119,924
-87,672
| -42% | -$2.23M |
|
|
DCOM
1690
DELISTED
Dime Community Bancshares
DCOM
| $2.88M | ﹤0.01% |
171,990
+3,636
| +2% | +$63.1K |
|
1691
Box
BOX
$4.83B
| $2.88M | ﹤0.01% |
182,793
+42,508
| +30% | +$538K |
|
|
VLRS
1692
Controladora Vuela Compania de Aviacion
VLRS
$791M
| $2.88M | ﹤0.01% |
165,615
+86,909
| +110% | +$1.58M |
|
|
NTRI
1693
DELISTED
NutriSystem, Inc.
NTRI
| $2.88M | ﹤0.01% |
96,953
-117,896
| -55% | -$3.32M |
|
|
KND
1694
DELISTED
Kindred Healthcare
KND
| $2.88M | ﹤0.01% |
281,446
+248,385
| +751% | +$2.76M |
|
1695
Maximus
MMS
$3.12B
| $2.87M | ﹤0.01% |
50,797
-80,875
| -61% | -$4.71M |
|
|
STAY
1696
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $2.87M | ﹤0.01% |
202,320
+121,154
| +149% | +$1.76M |
|
1697
Waters Corp
WAT
$41.3B
| $2.87M | ﹤0.01% |
18,123
-194,028
| -91% | -$30M |
|
1698
Gerdau
GGB
$9.2B
| $2.87M | ﹤0.01% |
1,329,251
+1,250,374
| +1,585% | +$2.51M |
|
1699
SPX Corp
SPXC
$10.3B
| $2.87M | ﹤0.01% |
142,387
-158,193
| -53% | -$2.8M |
|
|
SPR
1700
DELISTED
Spirit AeroSystems
SPR
| $2.87M | ﹤0.01% |
64,380
-146,432
| -69% | -$6.47M |
|
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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.