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 | |
|---|---|---|---|---|---|---|
1776
Resources Connection
RGP
$144M
| $2.55M | 0.01% |
155,992
+64,717
| +71% | +$1.13M |
|
|
SUNE
1777
CALL
DELISTED
SUNEDISON, INC COM
SUNE
| $2.54M | 0.01% |
500,000
+100,000
| +25% | +$613K |
|
|
AAMI
1778
Acadian Asset Management
AAMI
$3.39B
| $2.54M | 0.01% |
165,873
-69,685
| -30% | -$1.08M |
|
1779
Maximus
MMS
$3.04B
| $2.54M | 0.01% |
+45,185
| New | +$2.72M |
|
1780
PRA Group
PRAA
$739M
| $2.54M | 0.01% |
73,209
+68,385
| +1,418% | +$3.06M |
|
1781
PUT
Crown Holdings
CCK
$13.1B
| $2.54M | 0.01% |
+50,000
| New | +$2.54M |
|
1782
PUT
Delta Air Lines
DAL
$55.2B
| $2.54M | 0.01% |
+50,000
| New | +$2.47M |
|
1783
Ralph Lauren
RL
$21.5B
| $2.52M | 0.01% |
22,645
-356,698
| -94% | -$42.3M |
|
1784
Morningstar
MORN
$7.95B
| $2.52M | 0.01% |
31,353
+10,498
| +50% | +$851K |
|
1785
FreightCar America
RAIL
$240M
| $2.52M | 0.01% |
+129,591
| New | +$2.72M |
|
|
WFM
1786
CALL
DELISTED
Whole Foods Market Inc
WFM
| $2.51M | 0.01% |
75,000
+35,000
| +88% | +$1.11M |
|
1787
Banner Corp
BANR
$2.4B
| $2.5M | 0.01% |
54,573
+29,359
| +116% | +$1.45M |
|
1788
KT
KT
$9.31B
| $2.5M | 0.01% |
210,143
+109,598
| +109% | +$1.41M |
|
1789
First Merchants
FRME
$2.62B
| $2.5M | 0.01% |
+98,416
| New | +$2.59M |
|
|
HZN
1790
DELISTED
Horizon Global Corporation
HZN
| $2.5M | 0.01% |
240,781
+64,002
| +36% | +$583K |
|
|
BELFB
1791
Bel Fuse Inc Class B
BELFB
$3.7B
| $2.49M | 0.01% |
143,939
+91,764
| +176% | +$1.76M |
|
1792
Ferrari
RACE
$73.2B
| $2.49M | 0.01% |
+51,832
| New | +$2.57M |
|
|
BETR
1793
DELISTED
Amplify Snack Brands, Inc.
BETR
| $2.49M | 0.01% |
215,800
+138,726
| +180% | +$1.63M |
|
1794
Simmons First National
SFNC
$3.3B
| $2.48M | 0.01% |
+96,536
| New | +$2.54M |
|
|
CSFL
1795
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $2.48M | 0.01% |
+158,221
| New | +$2.41M |
|
1796
CALL
Alcoa
AA
$13.1B
| $2.47M | 0.01% |
+104,037
| New | +$2.32M |
|
1797
IDT Corp
IDT
$1.71B
| $2.46M | 0.01% |
298,122
+115,972
| +64% | +$1.05M |
|
1798
TC Energy
TRP
$65.5B
| $2.45M | 0.01% |
75,115
-18,129
| -19% | -$600K |
|
|
AXON
1799
Axon Enterprise
AXON
$48.7B
| $2.45M | 0.01% |
141,543
+84,594
| +149% | +$1.69M |
|
|
VCRA
1800
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $2.44M | 0.01% |
200,378
+94,739
| +90% | +$1.14M |
|
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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.