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 | |
|---|---|---|---|---|---|---|
1876
Marcus & Millichap
MMI
$1.2B
| $2.26M | ﹤0.01% |
86,421
+45,859
| +113% | +$1.21M |
|
|
TXNM
1877
TXNM Energy Inc
TXNM
$5.93B
| $2.25M | ﹤0.01% |
+68,829
| New | +$2.3M |
|
|
FCE.A
1878
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $2.25M | ﹤0.01% |
97,369
+83,027
| +579% | +$1.94M |
|
1879
Ducommun
DCO
$2.78B
| $2.25M | ﹤0.01% |
98,384
+76,439
| +348% | +$1.64M |
|
|
WAIR
1880
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $2.25M | ﹤0.01% |
167,221
-58,298
| -26% | -$790K |
|
1881
TriCo Bancshares
TCBK
$1.72B
| $2.24M | ﹤0.01% |
83,745
+14,058
| +20% | +$378K |
|
1882
First Trust Natural Gas ETF
FCG
$673M
| $2.24M | ﹤0.01% |
+84,632
| New | +$2.13M |
|
|
SYKE
1883
DELISTED
SYKES Enterprises Inc
SYKE
| $2.22M | ﹤0.01% |
78,882
-99,509
| -56% | -$2.96M |
|
|
NEWR
1884
DELISTED
New Relic, Inc.
NEWR
| $2.21M | ﹤0.01% |
57,712
+36,449
| +171% | +$1.28M |
|
1885
Capri Holdings
CPRI
$1.5B
| $2.19M | ﹤0.01% |
+46,795
| New | +$2.33M |
|
1886
Invesco Senior Loan ETF
BKLN
$6.78B
| $2.19M | ﹤0.01% |
94,165
-13,136
| -12% | -$304K |
|
|
XHR
1887
Xenia Hotels & Resorts
XHR
$1.78B
| $2.18M | ﹤0.01% |
+143,711
| New | +$2.43M |
|
1888
Wayfair
W
$14.4B
| $2.17M | ﹤0.01% |
+55,233
| New | +$2.23M |
|
|
ECOM
1889
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $2.17M | ﹤0.01% |
167,827
+60,782
| +57% | +$822K |
|
1890
Berkshire Hathaway Class A
BRK.A
$1.08T
| $2.16M | ﹤0.01% |
+10
| New | +$2.19M |
|
|
TRST
1891
Trustco Bank Corp NY
TRST
$977M
| $2.15M | ﹤0.01% |
60,802
-21,009
| -26% | -$722K |
|
1892
Gibraltar Industries
ROCK
$1.36B
| $2.15M | ﹤0.01% |
57,944
-76,779
| -57% | -$2.81M |
|
1893
Liberty Global Class C
LBTYK
$3.51B
| $2.15M | ﹤0.01% |
65,061
-604,699
| -90% | -$18.7M |
|
|
GTLS
1894
DELISTED
Chart Industries
GTLS
| $2.15M | ﹤0.01% |
65,371
-230,892
| -78% | -$6.69M |
|
|
AVID
1895
DELISTED
Avid Technology Inc
AVID
| $2.15M | ﹤0.01% |
270,279
+257,412
| +2,001% | +$1.98M |
|
|
MDCO
1896
DELISTED
Medicines Co
MDCO
| $2.14M | ﹤0.01% |
56,811
-1,150,586
| -95% | -$43.4M |
|
1897
iShares US Healthcare ETF
IYH
$3.76B
| $2.14M | ﹤0.01% |
71,180
-5,625
| -7% | -$172K |
|
|
SCLN
1898
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $2.13M | ﹤0.01% |
+208,255
| New | +$2.27M |
|
|
PFC
1899
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.13M | ﹤0.01% |
95,626
+14,884
| +18% | +$320K |
|
1900
Titan International
TWI
$451M
| $2.13M | ﹤0.01% |
+210,775
| New | +$1.74M |
|
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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.