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 | |
|---|---|---|---|---|---|---|
|
FIG
1851
DELISTED
Fortress Investment Group Llc
FIG
| $2.33M | ﹤0.01% |
470,920
+105,325
| +29% | +$518K |
|
1852
Heartland Express
HTLD
$956M
| $2.32M | ﹤0.01% |
123,104
+88,944
| +260% | +$1.67M |
|
1853
Merit Medical Systems
MMSI
$5.35B
| $2.32M | ﹤0.01% |
95,686
+24,821
| +35% | +$573K |
|
1854
Ethan Allen Interiors
ETD
$596M
| $2.31M | ﹤0.01% |
74,036
-42,425
| -36% | -$1.44M |
|
1855
Mercury Insurance
MCY
$5.69B
| $2.31M | ﹤0.01% |
42,170
+18,601
| +79% | +$1M |
|
|
IDTI
1856
CALL
DELISTED
Integrated Device Technology I
IDTI
| $2.31M | ﹤0.01% |
+100,000
| New | +$2.07M |
|
1857
Insight Enterprises
NSIT
$4.59B
| $2.31M | ﹤0.01% |
70,891
+60,690
| +595% | +$1.78M |
|
|
CONN
1858
DELISTED
Conn's Inc.
CONN
| $2.31M | ﹤0.01% |
223,490
+190,400
| +575% | +$1.49M |
|
1859
DXP Enterprises
DXPE
$2.99B
| $2.3M | ﹤0.01% |
+81,717
| New | +$1.88M |
|
|
ANH
1860
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $2.3M | ﹤0.01% |
468,214
-201,775
| -30% | -$988K |
|
1861
Grupo Cibest SA
CIB
$23.3B
| $2.3M | ﹤0.01% |
58,893
+16,472
| +39% | +$612K |
|
1862
Hawaiian Electric Industries
HE
$1.98B
| $2.3M | ﹤0.01% |
76,965
-63,476
| -45% | -$1.95M |
|
1863
Century Communities
CCS
$1.94B
| $2.3M | ﹤0.01% |
+106,737
| New | +$2.06M |
|
1864
Forrester Research
FORR
$232M
| $2.29M | ﹤0.01% |
58,988
+52,306
| +783% | +$2.07M |
|
|
INVN
1865
DELISTED
Invensense Inc
INVN
| $2.29M | ﹤0.01% |
309,105
+264,984
| +601% | +$1.88M |
|
|
KMG
1866
DELISTED
KMG Chemicals Inc
KMG
| $2.29M | ﹤0.01% |
80,726
-32,090
| -28% | -$887K |
|
|
ITCI
1867
PUT
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $2.29M | ﹤0.01% |
+150,000
| New | +$6.07M |
|
1868
Intellia Therapeutics
NTLA
$1.84B
| $2.29M | ﹤0.01% |
+134,240
| New | +$2.6M |
|
1869
CALL
Incyte
INCY
$25.9B
| $2.28M | ﹤0.01% |
24,200
+14,200
| +142% | +$1.2M |
|
1870
iShares MSCI Emerging Markets ETF
EEM
$31.4B
| $2.28M | ﹤0.01% |
60,897
-10,603
| -15% | -$388K |
|
1871
STMicroelectronics
STM
$45.8B
| $2.28M | ﹤0.01% |
+279,908
| New | +$2.01M |
|
1872
Tesla
TSLA
$1.4T
| $2.28M | ﹤0.01% |
167,475
-83,760
| -33% | -$1.21M |
|
1873
Cavco Industries
CVCO
$4.39B
| $2.27M | ﹤0.01% |
22,895
+6,539
| +40% | +$652K |
|
1874
Liberty Latin America Class A
LILA
$1.63B
| $2.27M | ﹤0.01% |
128,329
-181,891
| -59% | -$3.59M |
|
1875
Equinor
EQNR
$98.6B
| $2.26M | ﹤0.01% |
134,670
-720,190
| -84% | -$11.7M |
|
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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.