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 | |
|---|---|---|---|---|---|---|
|
PETX
1801
DELISTED
Aratana Therapeutics, Inc.
PETX
| $2.52M | ﹤0.01% |
+269,584
| New | +$2.24M |
|
|
ATHN
1802
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $2.52M | ﹤0.01% |
+20,000
| New | +$2.54M |
|
|
ATHN
1803
PUT
DELISTED
Athenahealth, Inc.
ATHN
| $2.52M | ﹤0.01% |
20,000
+10,000
| +100% | +$1.27M |
|
|
HEES
1804
DELISTED
H&E Equipment Services
HEES
| $2.52M | ﹤0.01% |
150,443
+52,245
| +53% | +$896K |
|
1805
PUT
Teleflex
TFX
$5.84B
| $2.52M | ﹤0.01% |
+15,000
| New | +$2.69M |
|
|
TAST
1806
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $2.52M | ﹤0.01% |
190,815
-77,473
| -29% | -$1,000K |
|
|
SPTN
1807
DELISTED
SpartanNash
SPTN
| $2.52M | ﹤0.01% |
87,019
+32,452
| +59% | +$999K |
|
1808
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $2.52M | ﹤0.01% |
66,900
-234,000
| -78% | -$8.71M |
|
|
BNCN
1809
DELISTED
BNC Bancorp
BNCN
| $2.52M | ﹤0.01% |
103,480
+84,348
| +441% | +$2.03M |
|
1810
Prudential
PUK
$34.4B
| $2.51M | ﹤0.01% |
72,569
+58,444
| +414% | +$2.02M |
|
1811
McGrath RentCorp
MGRC
$2.78B
| $2.51M | ﹤0.01% |
79,243
+22,279
| +39% | +$704K |
|
|
CNH
1812
CNH Industrial
CNH
$18.4B
| $2.51M | ﹤0.01% |
399,793
+243,225
| +155% | +$1.51M |
|
1813
Mueller Industries
MLI
$14.2B
| $2.51M | ﹤0.01% |
309,640
+118,640
| +62% | +$998K |
|
1814
McKesson
MCK
$104B
| $2.5M | ﹤0.01% |
15,000
-523,183
| -97% | -$97.5M |
|
1815
iShares Russell 1000 ETF
IWB
$49.2B
| $2.5M | ﹤0.01% |
20,720
-34,813
| -63% | -$4.18M |
|
1816
Pebblebrook Hotel Trust
PEB
$2.06B
| $2.49M | ﹤0.01% |
+93,777
| New | +$2.69M |
|
1817
Sensata Technologies
ST
$6.18B
| $2.49M | ﹤0.01% |
64,245
-40,025
| -38% | -$1.51M |
|
1818
Akamai
AKAM
$16B
| $2.49M | ﹤0.01% |
46,994
-162,023
| -78% | -$8.67M |
|
|
ALX
1819
Alexander's
ALX
$1.38B
| $2.49M | ﹤0.01% |
5,925
-53
| -0.9% | -$22.8K |
|
|
MNR
1820
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $2.48M | ﹤0.01% |
174,079
-230,820
| -57% | -$3.21M |
|
1821
Central Garden & Pet Co
CENT
$2.74B
| $2.48M | ﹤0.01% |
+119,364
| New | +$2.4M |
|
|
IMOS
1822
ChipMOS TECHNOLOGIES
IMOS
$2B
| $2.48M | ﹤0.01% |
113,442
| – | – |
|
1823
iShares TIPS Bond ETF
TIP
$15.1B
| $2.47M | ﹤0.01% |
21,211
+13,308
| +168% | +$1.54M |
|
1824
Avista
AVA
$3.16B
| $2.47M | ﹤0.01% |
59,062
-122,824
| -68% | -$5.22M |
|
1825
Quest Diagnostics
DGX
$27B
| $2.46M | ﹤0.01% |
+29,117
| New | +$2.45M |
|
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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.