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 | |
|---|---|---|---|---|---|---|
1951
Monarch Casino & Resort
MCRI
$2.22B
| $1.5M | ﹤0.01% |
+76,803
| New | +$1.54M |
|
1952
Build-A-Bear
BBW
$494M
| $1.49M | ﹤0.01% |
114,905
+99,049
| +625% | +$1.27M |
|
1953
Cemex
CX
$15.9B
| $1.49M | ﹤0.01% |
+221,858
| New | +$1.09M |
|
|
VXZ
1954
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| $1.49M | ﹤0.01% |
34,215
+1,074
| +3% | +$52.5K |
|
|
HF
1955
DELISTED
HFF Inc.
HF
| $1.49M | ﹤0.01% |
54,061
+18,372
| +51% | +$489K |
|
|
GPX
1956
DELISTED
GP Strategies Corp.
GPX
| $1.49M | ﹤0.01% |
+54,238
| New | +$1.32M |
|
1957
Emerson Electric
EMR
$86.4B
| $1.49M | ﹤0.01% |
+27,306
| New | +$1.32M |
|
1958
vTv Therapeutics
VTVT
$134M
| $1.48M | ﹤0.01% |
7,165
+4,728
| +194% | +$1.18M |
|
1959
Public Storage
PSA
$60.3B
| $1.48M | ﹤0.01% |
+5,352
| New | +$1.35M |
|
|
MXIM
1960
CALL
DELISTED
Maxim Integrated Products
MXIM
| $1.47M | ﹤0.01% |
40,000
-186,100
| -82% | -$6.24M |
|
1961
CALL
iShares Silver Trust
SLV
$33.5B
| $1.47M | ﹤0.01% |
+100,000
| New | +$1.42M |
|
1962
Casella Waste Systems
CWST
$5.95B
| $1.47M | ﹤0.01% |
218,885
-80,647
| -27% | -$486K |
|
1963
Skywest
SKYW
$4.02B
| $1.47M | ﹤0.01% |
73,357
-103,012
| -58% | -$1.74M |
|
|
SSRI
1964
DELISTED
Silver Standard Resources
SSRI
| $1.47M | ﹤0.01% |
264,196
+38,918
| +17% | +$206K |
|
1965
eHealth
EHTH
$38.4M
| $1.46M | ﹤0.01% |
155,841
-191,605
| -55% | -$1.9M |
|
1966
Matador Resources
MTDR
$6.87B
| $1.46M | ﹤0.01% |
77,168
+61,519
| +393% | +$1.02M |
|
|
TYPE
1967
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $1.46M | ﹤0.01% |
61,170
-215,557
| -78% | -$5.03M |
|
1968
Schwab US Large- Cap ETF
SCHX
$74B
| $1.46M | ﹤0.01% |
179,580
+82,200
| +84% | +$634K |
|
1969
Thor Industries
THO
$4.14B
| $1.46M | ﹤0.01% |
22,931
-116,612
| -84% | -$6.39M |
|
1970
iShares Russell Mid-Cap ETF
IWR
$57.4B
| $1.46M | ﹤0.01% |
35,844
-16,376
| -31% | -$623K |
|
1971
Applied Optoelectronics
AAOI
$9.61B
| $1.46M | ﹤0.01% |
97,857
+63,129
| +182% | +$1M |
|
|
PMC
1972
DELISTED
PharMerica Corporation
PMC
| $1.45M | ﹤0.01% |
65,773
-291,524
| -82% | -$7.76M |
|
|
CIR
1973
DELISTED
CIRCOR International, Inc
CIR
| $1.45M | ﹤0.01% |
+31,286
| New | +$1.22M |
|
1974
AAR Corp
AIR
$5.45B
| $1.45M | ﹤0.01% |
+62,297
| New | +$1.35M |
|
1975
Haverty Furniture Companies
HVT
$425M
| $1.45M | ﹤0.01% |
68,488
+4,685
| +7% | +$91.9K |
|
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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.