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 | |
|---|---|---|---|---|---|---|
|
ESPR
1801
DELISTED
Esperion Therapeutics
ESPR
| $1.89M | ﹤0.01% |
111,577
+14,968
| +15% | +$241K |
|
1802
Zurn Elkay Water Solutions
ZWS
$8.1B
| $1.89M | ﹤0.01% |
193,649
-1,218,859
| -86% | -$10.3M |
|
|
TOWR
1803
DELISTED
Tower International, Inc.
TOWR
| $1.89M | ﹤0.01% |
69,305
+18,226
| +36% | +$425K |
|
1804
Peapack-Gladstone Financial
PGC
$804M
| $1.88M | ﹤0.01% |
111,354
+88,710
| +392% | +$1.61M |
|
|
ONC
1805
BeOne Medicines Ltd
ONC
$42.5B
| $1.88M | ﹤0.01% |
+64,087
| New | +$1.82M |
|
1806
Modine Manufacturing
MOD
$10B
| $1.88M | ﹤0.01% |
170,490
-1,126
| -0.7% | -$9.55K |
|
|
ARIA
1807
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $1.87M | ﹤0.01% |
293,232
+15,598
| +6% | +$87.4K |
|
|
VVC
1808
DELISTED
Vectren Corporation
VVC
| $1.87M | ﹤0.01% |
37,011
-703
| -2% | -$31.7K |
|
|
ORBK
1809
DELISTED
Orbotech Ltd
ORBK
| $1.87M | ﹤0.01% |
78,544
-218,182
| -74% | -$4.74M |
|
|
CNH
1810
CNH Industrial
CNH
$18.6B
| $1.87M | ﹤0.01% |
317,408
+303,100
| +2,118% | +$1.71M |
|
1811
Genworth Financial
GNW
$3.74B
| $1.86M | ﹤0.01% |
682,264
-1,432,263
| -68% | -$3.63M |
|
1812
Qualys
QLYS
$6.1B
| $1.86M | ﹤0.01% |
73,604
-42,161
| -36% | -$1.09M |
|
1813
National Healthcare
NHC
$3.5B
| $1.86M | ﹤0.01% |
29,867
+26,259
| +728% | +$1.64M |
|
1814
Oaktree Specialty Lending
OCSL
$1.16B
| $1.86M | ﹤0.01% |
123,360
+119,615
| +3,194% | +$1.87M |
|
|
GMLP
1815
DELISTED
Golar LNG Partners LP
GMLP
| $1.85M | ﹤0.01% |
126,276
-11,906
| -9% | -$159K |
|
1816
CALL
Westlake Corp
WLK
$9.56B
| $1.85M | ﹤0.01% |
+40,000
| New | +$1.81M |
|
1817
Teekay
TK
$1.17B
| $1.85M | ﹤0.01% |
213,762
+52,091
| +32% | +$393K |
|
|
INSY
1818
DELISTED
Insys Therapeutics, Inc.
INSY
| $1.85M | ﹤0.01% |
115,552
+5,557
| +5% | +$106K |
|
|
RGC
1819
DELISTED
Regal Entertainment Group
RGC
| $1.84M | ﹤0.01% |
+87,258
| New | +$1.66M |
|
1820
Tonix Pharmaceuticals
TNXP
$236M
| – | – |
0
| – | – |
|
1821
Sprouts Farmers Market
SFM
$8B
| $1.84M | ﹤0.01% |
63,232
-82,342
| -57% | -$2.12M |
|
|
AGTC
1822
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $1.83M | ﹤0.01% |
131,148
-52,199
| -28% | -$766K |
|
1823
Celestica
CLS
$38.4B
| $1.83M | ﹤0.01% |
+166,529
| New | +$1.68M |
|
1824
H&R Block
HRB
$6.54B
| $1.83M | ﹤0.01% |
69,187
+41,325
| +148% | +$1.3M |
|
1825
United Airlines
UAL
$37.5B
| $1.83M | ﹤0.01% |
30,500
-210,050
| -87% | -$11.2M |
|
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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.