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 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
TechnipFMC
FTI
$30.4B
| $77M | 0.13% |
3,487,681
-367,010
| -10% | -$7.42M |
|
|
ATHN
152
DELISTED
Athenahealth, Inc.
ATHN
| $76.1M | 0.13% |
603,779
+145,352
| +32% | +$18.5M |
|
|
UMPQ
153
DELISTED
Umpqua Holdings Corp
UMPQ
| $75.9M | 0.13% |
5,042,436
-490,754
| -9% | -$7.65M |
|
|
UNIT
154
Uniti Group
UNIT
$2.42B
| $75.6M | 0.13% |
2,406,390
+593,324
| +33% | +$18.2M |
|
155
Jack in the Box
JACK
$331M
| $74.9M | 0.13% |
780,825
-196,394
| -20% | -$18.6M |
|
|
QGENF
156
DELISTED
QIAGEN NV
QGENF
| $74.3M | 0.12% |
2,706,297
+751,888
| +38% | +$20.6M |
|
|
WPX
157
DELISTED
WPX Energy, Inc.
WPX
| $73.6M | 0.12% |
5,576,838
-7,931,624
| -59% | -$88.1M |
|
158
Steel Dynamics
STLD
$32.8B
| $73.2M | 0.12% |
2,930,903
+979,069
| +50% | +$25M |
|
159
TC Energy
TRP
$64.6B
| $73.2M | 0.12% |
1,539,541
+1,322,219
| +608% | +$61.8M |
|
160
D.R. Horton
DHI
$41.5B
| $73.1M | 0.12% |
+2,421,746
| New | +$77.7M |
|
|
CWEI
161
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $73.1M | 0.12% |
855,656
+219,628
| +35% | +$12M |
|
162
Abbott
ABT
$202B
| $73M | 0.12% |
1,725,245
+186,918
| +12% | +$8.01M |
|
|
SRC
163
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $72.7M | 0.12% |
1,216,004
-656,696
| -35% | -$39.1M |
|
164
NetApp
NTAP
$37.7B
| $72.2M | 0.12% |
2,015,021
+1,664,827
| +475% | +$50.8M |
|
|
XLNX
165
DELISTED
Xilinx Inc
XLNX
| $71.8M | 0.12% |
1,321,054
+591,415
| +81% | +$30.4M |
|
|
166
PUT
Coty
COTY
$2.41B
| $71.7M | 0.12% |
+3,050,000
| New | +$80.6M |
|
167
Sherwin-Williams
SHW
$84.1B
| $71.6M | 0.12% |
776,550
+309,765
| +66% | +$30M |
|
168
PTC
PTC
$16.8B
| $70.8M | 0.12% |
1,597,593
+173,961
| +12% | +$7.21M |
|
169
Gilead Sciences
GILD
$181B
| $70.8M | 0.12% |
894,367
-1,166,038
| -57% | -$94.7M |
|
170
Western Alliance Bancorporation
WAL
$8.69B
| $70.4M | 0.12% |
1,874,787
-270,181
| -13% | -$9.61M |
|
171
Chord Energy
CHRD
$8.09B
| $70.2M | 0.12% |
+6,124,013
| New | +$56M |
|
|
NBL
172
DELISTED
Noble Energy, Inc.
NBL
| $70.1M | 0.12% |
1,961,858
-867,787
| -31% | -$30.5M |
|
|
EDR
173
DELISTED
Education Realty Trust Inc
EDR
| $69.9M | 0.12% |
1,620,309
+739,499
| +84% | +$33.8M |
|
174
Best Buy
BBY
$18.1B
| $69.6M | 0.12% |
1,823,602
+1,520,011
| +501% | +$53.4M |
|
175
Delta Air Lines
DAL
$54.2B
| $69.5M | 0.12% |
1,766,621
+788,982
| +81% | +$29.9M |
|
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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 $13.4B 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 Healthcare and Energy.
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.