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 | |
|---|---|---|---|---|---|---|
1701
Cytokinetics
CYTK
$10.9B
| $2.87M | ﹤0.01% |
+312,200
| New | +$3.26M |
|
1702
Haemonetics
HAE
$4.82B
| $2.86M | ﹤0.01% |
78,906
-373,057
| -83% | -$12.8M |
|
|
CCMP
1703
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $2.85M | ﹤0.01% |
+53,967
| New | +$2.65M |
|
|
SGMO
1704
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $2.85M | ﹤0.01% |
615,734
+80,131
| +15% | +$408K |
|
|
RSPP
1705
DELISTED
RSP Permian, Inc.
RSPP
| $2.85M | ﹤0.01% |
+73,483
| New | +$2.72M |
|
1706
SiriusPoint
SPNT
$2.81B
| $2.85M | ﹤0.01% |
237,225
+113,596
| +92% | +$1.41M |
|
|
WUBA
1707
DELISTED
58.com Inc
WUBA
| $2.84M | ﹤0.01% |
59,681
-282,573
| -83% | -$13.8M |
|
1708
Nice
NICE
$6.1B
| $2.84M | ﹤0.01% |
42,460
-22,437
| -35% | -$1.49M |
|
|
SOHU
1709
Sohu.com
SOHU
$368M
| $2.81M | ﹤0.01% |
63,596
-92,621
| -59% | -$3.74M |
|
1710
VEON
VEON
$4.15B
| $2.81M | ﹤0.01% |
32,344
+25,144
| +349% | +$2.53M |
|
|
DDC
1711
DELISTED
Dominion Diamond Corporation
DDC
| $2.81M | ﹤0.01% |
288,614
+162,019
| +128% | +$1.45M |
|
1712
Natera
NTRA
$48.8B
| $2.81M | ﹤0.01% |
252,892
+143,979
| +132% | +$1.62M |
|
|
DRE
1713
DELISTED
Duke Realty Corp.
DRE
| $2.81M | ﹤0.01% |
+102,811
| New | +$2.84M |
|
1714
Evolent Health
EVH
$537M
| $2.8M | ﹤0.01% |
113,872
-35,714
| -24% | -$835K |
|
1715
Under Armour Class C
UA
$2.11B
| $2.8M | ﹤0.01% |
82,760
+66,360
| +405% | +$2.4M |
|
1716
Boise Cascade
BCC
$2.76B
| $2.8M | ﹤0.01% |
110,207
-358,587
| -76% | -$9.21M |
|
1717
Korn Ferry
KFY
$4.34B
| $2.78M | ﹤0.01% |
132,388
-282,918
| -68% | -$6.45M |
|
1718
Telus
TU
$15.4B
| $2.78M | ﹤0.01% |
168,404
-84,932
| -34% | -$1.4M |
|
1719
Celldex Therapeutics
CLDX
$3.22B
| $2.78M | ﹤0.01% |
45,804
+31,210
| +214% | +$1.94M |
|
1720
Modine Manufacturing
MOD
$9.95B
| $2.77M | ﹤0.01% |
234,004
-15,951
| -6% | -$166K |
|
|
BCOV
1721
DELISTED
Brightcove, Inc.
BCOV
| $2.77M | ﹤0.01% |
212,591
+23,289
| +12% | +$266K |
|
|
NS
1722
DELISTED
NuStar Energy L.P.
NS
| $2.77M | ﹤0.01% |
+55,952
| New | +$2.69M |
|
1723
Sanmina
SANM
$11B
| $2.77M | ﹤0.01% |
97,390
+8,121
| +9% | +$220K |
|
|
BOBE
1724
DELISTED
Bob Evans Farms, Inc.
BOBE
| $2.77M | ﹤0.01% |
72,382
-95,076
| -57% | -$3.58M |
|
|
UBNK
1725
DELISTED
United Financial Bancorp, Inc.
UBNK
| $2.76M | ﹤0.01% |
199,572
-64,968
| -25% | -$876K |
|
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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.