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 | |
|---|---|---|---|---|---|---|
|
CIE
151
DELISTED
Cobalt International Energy, Inc
CIE
| $64.6M | 0.14% |
797,304
+193,046
| +32% | +$21.2M |
|
|
QLIK
152
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $64.5M | 0.14% |
2,036,538
+79,442
| +4% | +$2.6M |
|
153
UnitedHealth
UNH
$350B
| $64.1M | 0.13% |
544,648
+525,140
| +2,692% | +$61.4M |
|
154
Delek US
DK
$4.38B
| $64M | 0.13% |
2,603,244
+1,334,718
| +105% | +$35M |
|
155
Associated Banc-Corp
ASB
$5.82B
| $63.9M | 0.13% |
3,410,596
+954,197
| +39% | +$18.5M |
|
156
CVS Health
CVS
$119B
| $63.9M | 0.13% |
653,360
-1,141,645
| -64% | -$112M |
|
157
Boston Properties
BXP
$10.8B
| $63.6M | 0.13% |
498,470
-470,874
| -49% | -$58.6M |
|
|
K
158
DELISTED
Kellanova
K
| $63.4M | 0.13% |
934,167
-456,607
| -33% | -$29.8M |
|
|
EMC
159
DELISTED
EMC CORPORATION
EMC
| $63.1M | 0.13% |
2,458,628
+459,152
| +23% | +$11.9M |
|
160
Bank of America
BAC
$431B
| $63M | 0.13% |
3,744,974
+2,346,580
| +168% | +$39.7M |
|
161
Trane Technologies
TT
$99.8B
| $62.9M | 0.13% |
1,137,085
-1,181,863
| -51% | -$66.5M |
|
162
Aptiv
APTV
$10B
| $62.7M | 0.13% |
731,544
+384,305
| +111% | +$32.1M |
|
|
PNRA
163
DELISTED
Panera Bread Co
PNRA
| $62.3M | 0.13% |
319,835
+84,987
| +36% | +$15.8M |
|
|
DO
164
DELISTED
Diamond Offshore Drilling
DO
| $62.2M | 0.13% |
2,946,850
-383,813
| -12% | -$8.09M |
|
|
SNV
165
DELISTED
Synovus
SNV
| $61.9M | 0.13% |
1,911,355
-1,261,811
| -40% | -$40.2M |
|
166
Darling Ingredients
DAR
$10.4B
| $61.9M | 0.13% |
5,882,175
-2,209,319
| -27% | -$23M |
|
167
NNN REIT
NNN
$8.8B
| $61.8M | 0.13% |
1,542,106
-536,110
| -26% | -$20.4M |
|
168
Popular Inc
BPOP
$10.8B
| $61.8M | 0.13% |
2,179,262
+42,459
| +2% | +$1.26M |
|
169
Mohawk Industries
MHK
$9.23B
| $61.2M | 0.13% |
323,011
+32,832
| +11% | +$6.3M |
|
170
Citizens Financial Group
CFG
$29.4B
| $61M | 0.13% |
2,327,816
-1,171,267
| -33% | -$29.5M |
|
171
Crown Holdings
CCK
$13B
| $60.8M | 0.13% |
1,200,184
+610,088
| +103% | +$31.1M |
|
172
Sinclair Inc
SBGI
$1.04B
| $60.8M | 0.13% |
1,867,100
+1,847,997
| +9,674% | +$58.8M |
|
|
PDCE
173
DELISTED
PDC Energy, Inc.
PDCE
| $60.6M | 0.13% |
1,135,942
-545,663
| -32% | -$31.4M |
|
|
WPX
174
DELISTED
WPX Energy, Inc.
WPX
| $60.6M | 0.13% |
10,558,297
+76,432
| +0.7% | +$568K |
|
175
Oil States International
OIS
$522M
| $60.6M | 0.13% |
2,223,300
+1,194,175
| +116% | +$35.5M |
|
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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.