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 | |
|---|---|---|---|---|---|---|
|
ESPR
1876
DELISTED
Esperion Therapeutics
ESPR
| $2.15M | ﹤0.01% |
+96,609
| New | +$2.44M |
|
|
COOP
1877
DELISTED
Mr. Cooper
COOP
| $2.15M | ﹤0.01% |
+69,088
| New | +$2.05M |
|
1878
STAG Industrial
STAG
$7.17B
| $2.13M | ﹤0.01% |
115,726
-33,116
| -22% | -$645K |
|
1879
Camden National
CAC
$956M
| $2.13M | ﹤0.01% |
72,513
+62,157
| +600% | +$1.77M |
|
|
AHRT
1880
AH Realty Trust
AHRT
$501M
| $2.13M | ﹤0.01% |
203,279
+60,803
| +43% | +$648K |
|
|
BPT
1881
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $2.13M | ﹤0.01% |
+85,317
| New | +$3M |
|
1882
Green Plains
GPRE
$1.04B
| $2.13M | ﹤0.01% |
92,846
+401
| +0.4% | +$8.5K |
|
|
WCN
1883
Waste Connections
WCN
$42B
| $2.12M | ﹤0.01% |
56,471
-702
| -1% | -$25.2K |
|
1884
Banco Santander
SAN
$214B
| $2.12M | ﹤0.01% |
453,526
+190,576
| +72% | +$988K |
|
1885
Chefs' Warehouse
CHEF
$4.57B
| $2.12M | ﹤0.01% |
+126,796
| New | +$2.15M |
|
|
GOLD
1886
DELISTED
Randgold Resources Ltd
GOLD
| $2.11M | ﹤0.01% |
34,293
-236,160
| -87% | -$14.9M |
|
1887
ManpowerGroup
MAN
$2.88B
| $2.09M | ﹤0.01% |
24,840
-137,514
| -85% | -$12M |
|
1888
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $2.09M | ﹤0.01% |
22,831
+6,765
| +42% | +$640K |
|
1889
iShares Russell Mid-Cap ETF
IWR
$57.6B
| $2.09M | ﹤0.01% |
52,220
-3,044
| -6% | -$124K |
|
1890
CALL
Ovintiv
OVV
$17.8B
| $2.09M | ﹤0.01% |
+82,000
| New | +$3M |
|
|
CAMP
1891
DELISTED
CalAmp Corp.
CAMP
| $2.09M | ﹤0.01% |
4,551
-6,154
| -57% | -$2.71M |
|
1892
PUT
United States Natural Gas Fund
UNG
$524M
| $2.08M | ﹤0.01% |
+15,000
| New | +$2.26M |
|
|
TEN
1893
Tsakos Energy Navigation Ltd
TEN
$1.21B
| $2.08M | ﹤0.01% |
52,560
+6,174
| +13% | +$254K |
|
1894
Lloyds Banking Group
LYG
$87.5B
| $2.08M | ﹤0.01% |
476,465
+263,665
| +124% | +$1.2M |
|
|
TA
1895
DELISTED
TravelCenters of America LLC
TA
| $2.07M | ﹤0.01% |
44,091
+9,181
| +26% | +$475K |
|
1896
CALL
Opko Health
OPK
$1.13B
| $2.07M | ﹤0.01% |
206,000
| – | – |
|
|
FCH
1897
DELISTED
Felcor Lodging Trust
FCH
| $2.07M | ﹤0.01% |
283,508
-474,229
| -63% | -$3.7M |
|
1898
CALL
The Mosaic Company
MOS
$7.68B
| $2.07M | ﹤0.01% |
75,000
+5,000
| +7% | +$160K |
|
|
MPSX
1899
DELISTED
Multi Packaging Solutions Intl.
MPSX
| $2.06M | ﹤0.01% |
+118,836
| New | +$2.02M |
|
1900
Range Resources
RRC
$9.71B
| $2.06M | ﹤0.01% |
+83,646
| New | +$2.48M |
|
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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.