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 | |
|---|---|---|---|---|---|---|
1926
Commercial Vehicle Group
CVGI
$129M
| $2.01M | ﹤0.01% |
348,289
+223,580
| +179% | +$1.1M |
|
|
EBIX
1927
DELISTED
Ebix Inc
EBIX
| $2.01M | ﹤0.01% |
+35,400
| New | +$1.94M |
|
1928
Korea Electric Power
KEP
$15.3B
| $2.01M | ﹤0.01% |
82,415
-284,293
| -78% | -$7.5M |
|
1929
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $2.01M | ﹤0.01% |
64,865
+14,660
| +29% | +$453K |
|
1930
Wheaton Precious Metals
WPM
$71.8B
| $2M | ﹤0.01% |
74,012
-794,234
| -91% | -$21.8M |
|
1931
Universal Corp
UVV
$1.14B
| $2M | ﹤0.01% |
34,358
+11,874
| +53% | +$701K |
|
1932
Enel Chile
ENIC
$6.14B
| $2M | ﹤0.01% |
420,858
-120,751
| -22% | -$667K |
|
1933
Koppers
KOP
$876M
| $2M | ﹤0.01% |
62,069
+53,744
| +646% | +$1.7M |
|
|
MXIM
1934
CALL
DELISTED
Maxim Integrated Products
MXIM
| $2M | ﹤0.01% |
50,000
| – | – |
|
1935
CALL
Gilead Sciences
GILD
$185B
| $1.98M | ﹤0.01% |
+25,000
| New | +$2.03M |
|
|
MDRX
1936
CALL
DELISTED
Veradigm Inc. Common Stock
MDRX
| $1.98M | ﹤0.01% |
+150,000
| New | +$2.01M |
|
|
NEOS
1937
DELISTED
Neos Therapeutics, Inc
NEOS
| $1.97M | ﹤0.01% |
+300,000
| New | +$2.38M |
|
|
RRTS
1938
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $1.97M | ﹤0.01% |
9,874
-9,395
| -49% | -$1.91M |
|
|
SGBK
1939
DELISTED
Stonegate Bank
SGBK
| $1.97M | ﹤0.01% |
58,344
+24,940
| +75% | +$807K |
|
|
AMBR
1940
DELISTED
Amber Road Inc
AMBR
| $1.97M | ﹤0.01% |
203,933
+175,433
| +616% | +$1.67M |
|
1941
Gray Television
GTN
$493M
| $1.97M | ﹤0.01% |
189,722
-181,238
| -49% | -$1.97M |
|
1942
Woodward
WWD
$20.4B
| $1.96M | ﹤0.01% |
31,313
+2,206
| +8% | +$133K |
|
|
ALDW
1943
DELISTED
Alon USA Partners LP
ALDW
| $1.95M | ﹤0.01% |
+227,003
| New | +$2.23M |
|
1944
PUT
ResMed
RMD
$34B
| $1.94M | ﹤0.01% |
+30,000
| New | +$2M |
|
1945
Trex
TREX
$4.69B
| $1.94M | ﹤0.01% |
+132,452
| New | +$1.85M |
|
|
KDMN
1946
DELISTED
Kadmon Holdings, Inc.
KDMN
| $1.93M | ﹤0.01% |
+262,889
| New | +$2.4M |
|
|
XTLY
1947
DELISTED
Xactly Corporation
XTLY
| $1.93M | ﹤0.01% |
130,788
+12,393
| +10% | +$166K |
|
1948
Powell Industries
POWL
$7.02B
| $1.92M | ﹤0.01% |
+143,901
| New | +$1.84M |
|
1949
Red Rock Resorts
RRR
$3.45B
| $1.92M | ﹤0.01% |
+81,383
| New | +$1.82M |
|
1950
Heritage Insurance Holdings
HRTG
$1.02B
| $1.91M | ﹤0.01% |
132,696
+5,399
| +4% | +$71K |
|
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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.