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 | |
|---|---|---|---|---|---|---|
|
SPTN
1726
DELISTED
SpartanNash
SPTN
| $2.75M | 0.01% |
127,144
+66,088
| +108% | +$1.63M |
|
1727
PUT
United States Oil Fund
USO
$1.97B
| $2.75M | 0.01% |
31,250
+12,500
| +67% | +$1.33M |
|
1728
Archer Daniels Midland
ADM
$38.2B
| $2.75M | 0.01% |
74,895
+8,651
| +13% | +$347K |
|
|
ZIXI
1729
DELISTED
Zix Corporation
ZIXI
| $2.74M | 0.01% |
540,182
+409,399
| +313% | +$2.1M |
|
1730
PUT
Martin Marietta Materials
MLM
$37.8B
| $2.73M | 0.01% |
20,000
-20,000
| -50% | -$3.03M |
|
|
CYOU
1731
DELISTED
Changyou.com Limited American Depositary Share
CYOU
| $2.73M | 0.01% |
109,812
+53,418
| +95% | +$1.12M |
|
1732
CALL
Oil States International
OIS
$506M
| $2.73M | 0.01% |
+100,000
| New | +$2.97M |
|
1733
Xencor
XNCR
$2.18B
| $2.72M | 0.01% |
186,075
+114,408
| +160% | +$1.54M |
|
|
PPBI
1734
DELISTED
Pacific Premier Bancorp
PPBI
| $2.72M | 0.01% |
127,937
+90,337
| +240% | +$1.99M |
|
|
LDL
1735
DELISTED
Lydall, Inc.
LDL
| $2.71M | 0.01% |
76,346
+54,397
| +248% | +$1.86M |
|
1736
PUT
Louisiana-Pacific
LPX
$5.06B
| $2.7M | 0.01% |
150,000
-50,000
| -25% | -$866K |
|
|
FLOW
1737
DELISTED
SPX FLOW, Inc.
FLOW
| $2.7M | 0.01% |
96,662
-471,089
| -83% | -$15.5M |
|
|
AAN.A
1738
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $2.7M | 0.01% |
120,416
+106,247
| +750% | +$2.38M |
|
1739
Aon
AON
$75.3B
| $2.69M | 0.01% |
29,200
+25,635
| +719% | +$2.39M |
|
|
ABCO
1740
DELISTED
Advisory Board Co
ABCO
| $2.69M | 0.01% |
+54,275
| New | +$2.64M |
|
1741
Agios Pharmaceuticals
AGIO
$2.02B
| $2.69M | 0.01% |
+41,454
| New | +$2.72M |
|
1742
CALL
Silgan Holdings
SLGN
$4.51B
| $2.69M | 0.01% |
+100,000
| New | +$2.64M |
|
1743
Veeva Systems
VEEV
$40.1B
| $2.68M | 0.01% |
+93,022
| New | +$2.48M |
|
|
IPHS
1744
DELISTED
Innophos Holdings, Inc.
IPHS
| $2.68M | 0.01% |
92,532
+51,290
| +124% | +$1.81M |
|
1745
CALL
Helmerich & Payne
HP
$4.21B
| $2.68M | 0.01% |
50,000
| – | – |
|
|
LTRPA
1746
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $2.68M | 0.01% |
88,245
-241,562
| -73% | -$7.12M |
|
|
EFOR
1747
Everforth Inc
EFOR
$1.29B
| $2.68M | 0.01% |
+59,533
| New | +$2.6M |
|
|
BGG
1748
DELISTED
Briggs & Stratton Corp.
BGG
| $2.67M | 0.01% |
154,615
-386,545
| -71% | -$7.23M |
|
1749
Mueller Industries
MLI
$13.6B
| $2.67M | 0.01% |
393,472
+315,312
| +403% | +$2.39M |
|
|
SGY
1750
DELISTED
Stone Energy
SGY
| $2.66M | 0.01% |
10,920
-624
| -5% | -$214K |
|
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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.