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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Miscellaneous | 9.87% |
| 4 | Financials | 9.53% |
| 5 | Consumer Discretionary | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Shenandoah Telecom
SHEN
$678M
| $1.91M | ﹤0.01% |
88,858
-153,132
| -63% | -$3.54M |
|
1952
RLI Corp
RLI
$5.92B
| $1.91M | ﹤0.01% |
61,814
+9,938
| +19% | +$296K |
|
1953
Mercury Insurance
MCY
$5.69B
| $1.9M | ﹤0.01% |
40,880
+28,451
| +229% | +$1.44M |
|
|
TEF
1954
DELISTED
Telefonica
TEF
| $1.9M | ﹤0.01% |
+221,606
| New | +$2.1M |
|
|
HEP
1955
DELISTED
Holly Energy Partners, L.P.
HEP
| $1.9M | ﹤0.01% |
61,000
-16,000
| -21% | -$517K |
|
1956
Compañía de Cervecerías Unidas
CCU
$2.28B
| $1.9M | ﹤0.01% |
87,664
+52,110
| +147% | +$1.2M |
|
1957
TriNet
TNET
$3.23B
| $1.89M | ﹤0.01% |
+97,760
| New | +$1.85M |
|
|
HAYN
1958
DELISTED
Haynes International, Inc.
HAYN
| $1.89M | ﹤0.01% |
51,545
+13,649
| +36% | +$530K |
|
|
PNK
1959
DELISTED
Pinnacle Entertainment Inc.
PNK
| $1.89M | ﹤0.01% |
60,669
-75,373
| -55% | -$2.54M |
|
|
STML
1960
DELISTED
Stemline Therapeutics, Inc.
STML
| $1.89M | ﹤0.01% |
299,083
+109,603
| +58% | +$889K |
|
|
FRED
1961
DELISTED
Fred's Inc
FRED
| $1.89M | ﹤0.01% |
115,259
+102,559
| +808% | +$1.5M |
|
1962
TG Therapeutics
TGTX
$8.41B
| $1.89M | ﹤0.01% |
+158,125
| New | +$2M |
|
|
XLNX
1963
CALL
DELISTED
Xilinx Inc
XLNX
| $1.88M | ﹤0.01% |
+40,000
| New | +$1.89M |
|
1964
WEX
WEX
$6.78B
| $1.88M | ﹤0.01% |
21,233
+567
| +3% | +$51.4K |
|
1965
Navient
NAVI
$879M
| $1.87M | ﹤0.01% |
163,579
-170,952
| -51% | -$2.09M |
|
|
EMKR
1966
DELISTED
Emcore Corp
EMKR
| $1.87M | ﹤0.01% |
30,506
+15,204
| +99% | +$1.05M |
|
1967
CALL
ConocoPhillips
COP
$155B
| $1.87M | ﹤0.01% |
+40,000
| New | +$2.09M |
|
1968
Clean Energy Fuels
CLNE
$353M
| $1.86M | ﹤0.01% |
517,979
+498,865
| +2,610% | +$2.39M |
|
1969
Center Bancorp
CNOB
$1.6B
| $1.86M | ﹤0.01% |
99,498
-787
| -0.8% | -$14.5K |
|
|
CVRS
1970
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
| $1.86M | ﹤0.01% |
579,310
-108,449
| -16% | -$339K |
|
1971
Telus
TU
$15.5B
| $1.85M | ﹤0.01% |
+133,728
| New | +$2.08M |
|
|
GMLP
1972
DELISTED
Golar LNG Partners LP
GMLP
| $1.85M | ﹤0.01% |
138,182
+51,490
| +59% | +$774K |
|
|
KW
1973
DELISTED
Kennedy-Wilson Holdings
KW
| $1.85M | ﹤0.01% |
76,743
-586,844
| -88% | -$14.4M |
|
|
UFS
1974
PUT
DELISTED
DOMTAR CORPORATION (New)
UFS
| $1.85M | ﹤0.01% |
+50,000
| New | +$1.98M |
|
|
LEJU
1975
DELISTED
Leju Holdings Limited American Depositary Shares, each representing ten (10) Ordinary Shares
LEJU
| $1.85M | ﹤0.01% |
32,299
+6,469
| +25% | +$402K |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $4.31B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Miscellaneous.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.