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 | |
|---|---|---|---|---|---|---|
1751
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.91B
| $2.65M | ﹤0.01% |
100,000
-300,000
| -75% | -$8.04M |
|
|
GG
1752
DELISTED
Goldcorp Inc
GG
| $2.65M | ﹤0.01% |
160,500
-2,220,418
| -93% | -$39.1M |
|
1753
Minerals Technologies
MTX
$2.25B
| $2.65M | ﹤0.01% |
37,489
+11,414
| +44% | +$762K |
|
1754
First Bancorp
FBP
$4.23B
| $2.65M | ﹤0.01% |
508,775
+309,775
| +156% | +$1.43M |
|
1755
PUT
Alibaba
BABA
$279B
| $2.65M | ﹤0.01% |
25,000
-100,000
| -80% | -$9.27M |
|
|
TUP
1756
DELISTED
Tupperware Brands Corporation
TUP
| $2.65M | ﹤0.01% |
+40,459
| New | +$2.55M |
|
1757
Preferred Bank
PFBC
$1.23B
| $2.64M | ﹤0.01% |
73,856
+29,655
| +67% | +$998K |
|
|
CHMT
1758
DELISTED
Chemtura Corporation
CHMT
| $2.64M | ﹤0.01% |
80,377
-594,718
| -88% | -$17.2M |
|
1759
Grupo Aeroportuario del Sureste
ASR
$7.8B
| $2.64M | ﹤0.01% |
18,006
+12,806
| +246% | +$1.96M |
|
1760
Genpact
G
$6.31B
| $2.63M | ﹤0.01% |
109,937
-31,969
| -23% | -$792K |
|
1761
Zurn Elkay Water Solutions
ZWS
$8.05B
| $2.63M | ﹤0.01% |
254,744
-126,297
| -33% | -$1.28M |
|
1762
Lumentum
LITE
$85.7B
| $2.63M | ﹤0.01% |
62,838
-130,774
| -68% | -$4.3M |
|
1763
Assembly Biosciences
ASMB
$708M
| $2.62M | ﹤0.01% |
30,309
-5,186
| -15% | -$401K |
|
|
INSY
1764
DELISTED
Insys Therapeutics, Inc.
INSY
| $2.62M | ﹤0.01% |
222,205
-74,023
| -25% | -$1.13M |
|
1765
Builders FirstSource
BLDR
$7.23B
| $2.62M | ﹤0.01% |
+227,521
| New | +$2.86M |
|
1766
e.l.f. Beauty
ELF
$6.26B
| $2.62M | ﹤0.01% |
+93,138
| New | +$2.44M |
|
|
CWEN.A
1767
DELISTED
Clearway Energy Class A
CWEN.A
| $2.62M | ﹤0.01% |
160,364
-38,303
| -19% | -$633K |
|
1768
Albany International
AIN
$1.68B
| $2.62M | ﹤0.01% |
61,727
-5,481
| -8% | -$230K |
|
1769
Mettler-Toledo International
MTD
$28.2B
| $2.61M | ﹤0.01% |
6,225
+2,200
| +55% | +$873K |
|
|
HT
1770
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $2.6M | ﹤0.01% |
+144,553
| New | +$2.73M |
|
1771
Rush Enterprises Class A
RUSHA
$8.3B
| $2.6M | ﹤0.01% |
239,168
+181,750
| +317% | +$1.87M |
|
1772
CALL
Hain Celestial
HAIN
$64.5M
| $2.6M | ﹤0.01% |
73,000
+48,000
| +192% | +$2.1M |
|
1773
Badger Meter
BMI
$4.01B
| $2.59M | ﹤0.01% |
+77,381
| New | +$2.67M |
|
1774
CALL
DuPont de Nemours
DD
$18.7B
| $2.59M | ﹤0.01% |
19,744
-19,744
| -50% | -$2.63M |
|
1775
Paylocity
PCTY
$8.39B
| $2.59M | ﹤0.01% |
+58,170
| New | +$2.58M |
|
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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.