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 | |
|---|---|---|---|---|---|---|
1826
CALL
Bausch Health
BHC
$2.36B
| $2.46M | ﹤0.01% |
+100,000
| New | +$2.59M |
|
1827
CDW
CDW
$18.6B
| $2.45M | ﹤0.01% |
53,484
-594,729
| -92% | -$26.1M |
|
1828
PUT
The Mosaic Company
MOS
$7.55B
| $2.45M | ﹤0.01% |
+100,000
| New | +$2.73M |
|
1829
United Microelectronic
UMC
$47.8B
| $2.45M | ﹤0.01% |
+1,322,129
| New | +$2.53M |
|
1830
PUT
S&P Global
SPGI
$128B
| $2.44M | ﹤0.01% |
+19,300
| New | +$2.32M |
|
1831
Customers Bancorp
CUBI
$2.67B
| $2.44M | ﹤0.01% |
97,023
+86,680
| +838% | +$2.24M |
|
1832
Lear
LEA
$8.23B
| $2.44M | ﹤0.01% |
20,141
-131,827
| -87% | -$15M |
|
1833
Nomad Foods
NOMD
$1.68B
| $2.44M | ﹤0.01% |
206,252
+99,359
| +93% | +$999K |
|
1834
Axos Financial
AX
$5.52B
| $2.43M | ﹤0.01% |
108,515
-44,775
| -29% | -$869K |
|
|
CEMP
1835
PUT
DELISTED
Cempra, Inc.
CEMP
| $2.42M | ﹤0.01% |
+100,000
| New | +$2.15M |
|
1836
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.7B
| $2.42M | ﹤0.01% |
51,149
+29,745
| +139% | +$1.39M |
|
1837
Grupo Aeroportuario Centro Norte
OMAB
$4.96B
| $2.41M | ﹤0.01% |
51,297
-26,552
| -34% | -$1.29M |
|
1838
UMB Financial
UMBF
$11B
| $2.41M | ﹤0.01% |
40,551
-165,503
| -80% | -$9.48M |
|
1839
Vanguard Health Care ETF
VHT
$19.4B
| $2.4M | ﹤0.01% |
18,051
+3,103
| +21% | +$418K |
|
|
BDSI
1840
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $2.4M | ﹤0.01% |
888,556
-668,563
| -43% | -$1.7M |
|
|
CZR
1841
DELISTED
Caesars Entertainment Corporation
CZR
| $2.39M | ﹤0.01% |
+320,260
| New | +$2.31M |
|
|
IPHS
1842
DELISTED
Innophos Holdings, Inc.
IPHS
| $2.38M | ﹤0.01% |
60,992
+49,634
| +437% | +$2.04M |
|
1843
Patrick Industries
PATK
$2.67B
| $2.38M | ﹤0.01% |
86,285
+77,280
| +858% | +$2.18M |
|
1844
Abeona Therapeutics
ABEO
$345M
| $2.36M | ﹤0.01% |
15,760
+13,407
| +570% | +$1.31M |
|
1845
Planet Fitness
PLNT
$3.91B
| $2.36M | ﹤0.01% |
117,606
-180,265
| -61% | -$3.71M |
|
|
LBRDK
1846
DELISTED
Liberty Broadband Class C
LBRDK
| $2.35M | ﹤0.01% |
+32,838
| New | +$2.19M |
|
|
TTSH
1847
DELISTED
Tile Shop Holdings
TTSH
| $2.35M | ﹤0.01% |
141,791
-370,900
| -72% | -$6.37M |
|
|
ACET
1848
DELISTED
Aceto Corp
ACET
| $2.34M | ﹤0.01% |
+123,262
| New | +$2.79M |
|
1849
News Corp Class B
NWS
$19B
| $2.34M | ﹤0.01% |
+164,490
| New | +$2.24M |
|
1850
DuPont de Nemours
DD
$18.7B
| $2.33M | ﹤0.01% |
+17,770
| New | +$2.37M |
|
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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.