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 | |
|---|---|---|---|---|---|---|
151
First Horizon
FHN
$11.7B
| $57.8M | 0.14% |
4,409,344
-358,383
| -8% | -$4.57M |
|
|
HOT
152
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $57.6M | 0.14% |
690,682
-640,510
| -48% | -$43.7M |
|
153
Essex Property Trust
ESS
$18.6B
| $56.8M | 0.14% |
242,719
-5,583
| -2% | -$1.22M |
|
|
IPG
154
DELISTED
Interpublic Group of Companies
IPG
| $56.7M | 0.14% |
2,469,906
-3,291,991
| -57% | -$71.2M |
|
|
BECN
155
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $56.6M | 0.14% |
1,379,570
+48,688
| +4% | +$1.85M |
|
156
Valley National Bancorp
VLY
$7.82B
| $56.5M | 0.14% |
5,918,713
+3,139,481
| +113% | +$28.5M |
|
|
SNI
157
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $56.2M | 0.14% |
858,081
+606,114
| +241% | +$36.1M |
|
|
CPGX
158
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $55.9M | 0.14% |
2,228,605
-1,776,892
| -44% | -$34.4M |
|
159
Alerian MLP ETF
AMLP
$13.2B
| $55.9M | 0.14% |
1,024,312
+994,312
| +3,314% | +$50.5M |
|
|
ANDV
160
DELISTED
Andeavor
ANDV
| $55.8M | 0.14% |
648,923
+290,564
| +81% | +$24.9M |
|
161
Salesforce
CRM
$171B
| $55.3M | 0.14% |
749,278
-1,197,997
| -62% | -$82.5M |
|
162
Royal Caribbean
RCL
$78.1B
| $55.1M | 0.14% |
+670,753
| New | +$52.3M |
|
163
Darling Ingredients
DAR
$10.4B
| $55M | 0.14% |
4,174,037
-1,708,138
| -29% | -$17.2M |
|
164
NetEase
NTES
$82.1B
| $54.3M | 0.14% |
1,891,915
+1,116,025
| +144% | +$33.4M |
|
165
Vertex Pharmaceuticals
VRTX
$139B
| $54M | 0.14% |
679,656
-720,481
| -51% | -$65.2M |
|
|
ATHN
166
DELISTED
Athenahealth, Inc.
ATHN
| $54M | 0.13% |
389,052
+105,649
| +37% | +$14.5M |
|
167
Dollar General
DG
$27.2B
| $53.5M | 0.13% |
624,930
+348,241
| +126% | +$26.4M |
|
|
XLNX
168
DELISTED
Xilinx Inc
XLNX
| $53.4M | 0.13% |
1,126,040
+646,630
| +135% | +$30.3M |
|
169
Atmos Energy
ATO
$28.2B
| $53.1M | 0.13% |
714,701
+342,776
| +92% | +$23.5M |
|
170
Domino's
DPZ
$11.3B
| $52.3M | 0.13% |
+396,398
| New | +$47.3M |
|
171
Align Technology
ALGN
$11.5B
| $52.1M | 0.13% |
716,617
+342,732
| +92% | +$22.4M |
|
172
Brunswick
BC
$5.24B
| $51.7M | 0.13% |
1,077,711
-479,540
| -31% | -$20.7M |
|
173
Coca-Cola Europacific Partners
CCEP
$47.7B
| $51.5M | 0.13% |
1,014,784
-166,333
| -14% | -$8.01M |
|
|
NUVA
174
DELISTED
NuVasive, Inc.
NUVA
| $51.3M | 0.13% |
1,054,044
-204,263
| -16% | -$9.27M |
|
175
Johnson & Johnson
JNJ
$651B
| $50.9M | 0.13% |
470,479
+315,523
| +204% | +$32.7M |
|
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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.