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 | |
|---|---|---|---|---|---|---|
1901
UFP Industries
UFPI
$4.71B
| $2.13M | ﹤0.01% |
+64,971
| New | +$2.25M |
|
|
CAMP
1902
DELISTED
CalAmp Corp.
CAMP
| $2.13M | ﹤0.01% |
6,646
-3,037
| -31% | -$1.04M |
|
|
PERY
1903
DELISTED
Perry Ellis International Inc
PERY
| $2.13M | ﹤0.01% |
110,227
+16,486
| +18% | +$334K |
|
|
CORR
1904
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
| $2.12M | ﹤0.01% |
+72,418
| New | +$2.13M |
|
1905
Andersons Inc
ANDE
$2.17B
| $2.12M | ﹤0.01% |
58,622
-49,298
| -46% | -$1.78M |
|
1906
CorVel
CRVL
$3.51B
| $2.11M | ﹤0.01% |
165,060
-142,698
| -46% | -$1.98M |
|
|
BITA
1907
DELISTED
Bitauto Holdings Limited
BITA
| $2.11M | ﹤0.01% |
+72,499
| New | +$1.98M |
|
|
INST
1908
DELISTED
Instructure, Inc.
INST
| $2.1M | ﹤0.01% |
82,841
+72,037
| +667% | +$1.66M |
|
1909
Stanley Black & Decker
SWK
$15B
| $2.09M | ﹤0.01% |
17,024
-217,099
| -93% | -$26.2M |
|
1910
Workiva
WK
$4.22B
| $2.09M | ﹤0.01% |
+115,205
| New | +$1.87M |
|
|
UMH
1911
UMH Properties
UMH
$1.41B
| $2.09M | ﹤0.01% |
175,008
+79,810
| +84% | +$964K |
|
|
DERM
1912
DELISTED
Dermira, Inc.
DERM
| $2.08M | ﹤0.01% |
61,607
-252,279
| -80% | -$8.13M |
|
1913
CALL
Kroger
KR
$34.9B
| $2.08M | ﹤0.01% |
+70,000
| New | +$2.33M |
|
1914
Invesco Emerging Markets Sovereign Debt ETF
PCY
$1.3B
| $2.07M | ﹤0.01% |
67,712
+39,457
| +140% | +$1.2M |
|
|
UBA
1915
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $2.07M | ﹤0.01% |
93,015
+51,907
| +126% | +$1.21M |
|
1916
Gladstone Investment Corp
GAIN
$653M
| $2.06M | ﹤0.01% |
231,811
+76,800
| +50% | +$641K |
|
1917
Horace Mann Educators
HMN
$2.07B
| $2.06M | ﹤0.01% |
56,147
-197,766
| -78% | -$7M |
|
1918
Sunoco
SUN
$14.2B
| $2.06M | ﹤0.01% |
+70,857
| New | +$2.13M |
|
|
JKS
1919
JinkoSolar
JKS
$708M
| $2.05M | ﹤0.01% |
+129,900
| New | +$2.37M |
|
1920
CALL
Olin
OLN
$1.97B
| $2.05M | ﹤0.01% |
+100,000
| New | +$2.15M |
|
|
AJRD
1921
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $2.05M | ﹤0.01% |
116,542
-75,306
| -39% | -$1.36M |
|
1922
Hudbay
HBM
$13.5B
| $2.05M | ﹤0.01% |
516,959
-97,218
| -16% | -$439K |
|
1923
Bausch Health
BHC
$2.36B
| $2.04M | ﹤0.01% |
83,265
+595
| +0.7% | +$15.4K |
|
1924
Moelis & Co
MC
$5.08B
| $2.04M | ﹤0.01% |
75,769
-4,270
| -5% | -$110K |
|
|
AVDL
1925
DELISTED
Avadel Pharmaceuticals
AVDL
| $2.03M | ﹤0.01% |
163,884
-446,488
| -73% | -$5.83M |
|
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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.