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 | |
|---|---|---|---|---|---|---|
1901
Mistras Group
MG
$605M
| $1.63M | ﹤0.01% |
65,754
-1,893
| -3% | -$41.9K |
|
|
RVNC
1902
DELISTED
Revance Therapeutics, Inc.
RVNC
| $1.63M | ﹤0.01% |
93,115
-24,735
| -21% | -$503K |
|
1903
SunCoke Energy
SXC
$828M
| $1.63M | ﹤0.01% |
249,997
-254,601
| -50% | -$1.08M |
|
|
ENZ
1904
DELISTED
Enzo Biochem, Inc.
ENZ
| $1.63M | ﹤0.01% |
357,189
+69,442
| +24% | +$309K |
|
1905
iShares MSCI Japan ETF
EWJ
$22.6B
| $1.62M | ﹤0.01% |
+35,531
| New | +$1.6M |
|
|
SAFE
1906
Safehold
SAFE
$1.1B
| $1.61M | ﹤0.01% |
34,356
+26,170
| +320% | +$1.2M |
|
1907
OneSpan
OSPN
$567M
| $1.61M | ﹤0.01% |
104,720
-85,056
| -45% | -$1.26M |
|
|
AV
1908
DELISTED
Aviva Plc
AV
| $1.61M | ﹤0.01% |
123,400
+42,226
| +52% | +$556K |
|
|
TMX
1909
DELISTED
Terminix Global Holdings, Inc.
TMX
| $1.61M | ﹤0.01% |
63,793
-1,145,637
| -95% | -$29.3M |
|
1910
CALL
Methanex
MEOH
$4.42B
| $1.61M | ﹤0.01% |
+50,000
| New | +$1.49M |
|
1911
Bausch Health
BHC
$2.52B
| $1.6M | ﹤0.01% |
60,979
-38,473
| -39% | -$2.85M |
|
1912
CNA Financial
CNA
$13.3B
| $1.6M | ﹤0.01% |
49,783
-176,007
| -78% | -$5.55M |
|
1913
Banco Santander
SAN
$213B
| $1.6M | ﹤0.01% |
382,696
-70,830
| -16% | -$291K |
|
1914
CALL
Jack in the Box
JACK
$320M
| $1.6M | ﹤0.01% |
+25,000
| New | +$1.76M |
|
1915
CEVA Inc
CEVA
$762M
| $1.6M | ﹤0.01% |
70,942
+183
| +0.3% | +$3.79K |
|
1916
CALL
O-I Glass
OI
$1.15B
| $1.6M | ﹤0.01% |
+100,000
| New | +$1.43M |
|
1917
CorVel
CRVL
$3.54B
| $1.59M | ﹤0.01% |
+121,173
| New | +$1.7M |
|
1918
TTM Technologies
TTMI
$11.8B
| $1.59M | ﹤0.01% |
239,222
+168,552
| +239% | +$1.04M |
|
|
WLB
1919
DELISTED
Westmoreland Coal Company
WLB
| $1.59M | ﹤0.01% |
220,485
+163,165
| +285% | +$971K |
|
1920
Wells Fargo
WFC
$256B
| $1.58M | ﹤0.01% |
+32,728
| New | +$1.6M |
|
|
HES
1921
CALL
DELISTED
Hess
HES
| $1.58M | ﹤0.01% |
30,000
-117,500
| -80% | -$5.19M |
|
|
RDUS
1922
DELISTED
Radius Health, Inc.
RDUS
| $1.58M | ﹤0.01% |
50,266
-83,347
| -62% | -$2.88M |
|
|
AZPN
1923
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $1.58M | ﹤0.01% |
43,740
-286,757
| -87% | -$10.4M |
|
|
SJI
1924
DELISTED
South Jersey Industries, Inc.
SJI
| $1.58M | ﹤0.01% |
55,515
-89,384
| -62% | -$2.29M |
|
|
SNC
1925
DELISTED
State National Companies, Inc.
SNC
| $1.58M | ﹤0.01% |
+125,322
| New | +$1.35M |
|
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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.