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 | |
|---|---|---|---|---|---|---|
1876
iShare MSCI Eurozone ETF
EZU
$9.97B
| $1.69M | ﹤0.01% |
+49,127
| New | +$1.62M |
|
|
CVA
1877
CALL
DELISTED
Covanta Holding Corporation
CVA
| $1.69M | ﹤0.01% |
+100,000
| New | +$1.48M |
|
1878
Fabrinet
FN
$15.5B
| $1.69M | ﹤0.01% |
52,072
-105,940
| -67% | -$2.85M |
|
|
ASRT
1879
DELISTED
Assertio
ASRT
| $1.68M | ﹤0.01% |
2,012
-2,199
| -52% | -$2.04M |
|
1880
Assembly Biosciences
ASMB
$719M
| $1.68M | ﹤0.01% |
27,894
-1,578
| -5% | -$106K |
|
1881
PUT
RH
RH
$2.67B
| $1.68M | ﹤0.01% |
+40,000
| New | +$2.05M |
|
|
AJRD
1882
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.67M | ﹤0.01% |
102,009
-339,683
| -77% | -$5.31M |
|
|
KMG
1883
DELISTED
KMG Chemicals Inc
KMG
| $1.67M | ﹤0.01% |
72,366
-26,260
| -27% | -$574K |
|
1884
Dr. Reddy's Laboratories
RDY
$10.3B
| $1.66M | ﹤0.01% |
184,095
-788,510
| -81% | -$7.05M |
|
|
X
1885
DELISTED
US Steel
X
| $1.66M | ﹤0.01% |
103,497
+47,193
| +84% | +$470K |
|
|
ESIO
1886
DELISTED
Electro Scientific Industries
ESIO
| $1.66M | ﹤0.01% |
232,355
+192,938
| +489% | +$1.25M |
|
1887
Horace Mann Educators
HMN
$2.07B
| $1.66M | ﹤0.01% |
52,376
+34,510
| +193% | +$1.06M |
|
1888
CALL
Boise Cascade
BCC
$2.83B
| $1.66M | ﹤0.01% |
80,000
-20,000
| -20% | -$377K |
|
1889
State Street SPDR S&P Regional Banking ETF
KRE
$4.04B
| $1.66M | ﹤0.01% |
44,043
+32,832
| +293% | +$1.21M |
|
1890
EXL Service
EXLS
$5.68B
| $1.66M | ﹤0.01% |
159,910
-616,135
| -79% | -$5.66M |
|
1891
Virtu Financial
VIRT
$5.76B
| $1.65M | ﹤0.01% |
74,811
+40,280
| +117% | +$892K |
|
|
HTLF
1892
DELISTED
Heartland Financial USA, Inc.
HTLF
| $1.65M | ﹤0.01% |
53,712
-35,205
| -40% | -$1.05M |
|
|
BV
1893
DELISTED
Bazaarvoice, Inc.
BV
| $1.65M | ﹤0.01% |
524,059
+131,538
| +34% | +$446K |
|
|
SODA
1894
DELISTED
SodaStream International Ltd
SODA
| $1.65M | ﹤0.01% |
+116,923
| New | +$1.63M |
|
1895
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$276M
| $1.65M | ﹤0.01% |
+114,000
| New | +$1.65M |
|
|
CGI
1896
DELISTED
Celadon Group Inc
CGI
| $1.64M | ﹤0.01% |
156,833
-218,403
| -58% | -$1.97M |
|
1897
Realty Income
O
$59.5B
| $1.64M | ﹤0.01% |
+27,034
| New | +$1.5M |
|
|
CLD
1898
DELISTED
Cloud Peak Energy Inc
CLD
| $1.64M | ﹤0.01% |
840,069
+584,756
| +229% | +$1M |
|
|
HI
1899
DELISTED
Hillenbrand
HI
| $1.63M | ﹤0.01% |
54,514
-188,958
| -78% | -$5.21M |
|
1900
National CineMedia
NCMI
$256M
| $1.63M | ﹤0.01% |
10,718
-24,807
| -70% | -$3.71M |
|
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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.