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 | |
|---|---|---|---|---|---|---|
|
NVTA
1951
DELISTED
Invitae Corporation
NVTA
| $1.9M | ﹤0.01% |
217,188
-43,062
| -17% | -$363K |
|
|
CLD
1952
DELISTED
Cloud Peak Energy Inc
CLD
| $1.9M | ﹤0.01% |
349,400
-141,663
| -29% | -$493K |
|
1953
IMAX
IMAX
$2.85B
| $1.9M | ﹤0.01% |
+65,546
| New | +$2M |
|
1954
Veracyte
VCYT
$3.64B
| $1.9M | ﹤0.01% |
249,493
-27,366
| -10% | -$155K |
|
1955
lululemon athletica
LULU
$13.1B
| $1.9M | ﹤0.01% |
31,106
-208,041
| -87% | -$15.4M |
|
1956
Stagwell
STGW
$2.17B
| $1.9M | ﹤0.01% |
+176,978
| New | +$2.49M |
|
|
ENT
1957
DELISTED
Global Eagle Entertainment Inc.
ENT
| $1.9M | ﹤0.01% |
9,125
-690
| -7% | -$141K |
|
|
PNK
1958
DELISTED
Pinnacle Entertainment Inc.
PNK
| $1.89M | ﹤0.01% |
153,260
-34,752
| -18% | -$398K |
|
1959
Huazhu Hotels Group
HTHT
$14.7B
| $1.89M | ﹤0.01% |
167,700
-244,168
| -59% | -$2.55M |
|
|
X
1960
CALL
DELISTED
US Steel
X
| $1.89M | ﹤0.01% |
+100,000
| New | +$2.06M |
|
1961
New Mountain Finance
NMFC
$720M
| $1.88M | ﹤0.01% |
136,944
-149
| -0.1% | -$2.04K |
|
1962
World Acceptance Corp
WRLD
$886M
| $1.88M | ﹤0.01% |
+38,264
| New | +$1.83M |
|
|
PTLA
1963
CALL
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $1.87M | ﹤0.01% |
+82,500
| New | +$1.94M |
|
1964
ArcBest
ARCB
$3.11B
| $1.87M | ﹤0.01% |
98,371
-146,135
| -60% | -$2.64M |
|
|
ELP
1965
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $1.87M | ﹤0.01% |
451,065
-748,380
| -62% | -$3.04M |
|
|
ROIC
1966
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $1.87M | ﹤0.01% |
85,116
-781,764
| -90% | -$17.4M |
|
1967
CALL
Petrobras
PBR
$118B
| $1.87M | ﹤0.01% |
200,000
+100,000
| +100% | +$877K |
|
1968
CALL
Macy's
M
$5.92B
| $1.85M | ﹤0.01% |
50,000
| – | – |
|
1969
Haverty Furniture Companies
HVT
$427M
| $1.85M | ﹤0.01% |
92,322
+48,753
| +112% | +$954K |
|
1970
J.M. Smucker
SJM
$14.1B
| $1.84M | ﹤0.01% |
13,603
-323,439
| -96% | -$47.5M |
|
|
CRCM
1971
DELISTED
CARE.COM, INC.
CRCM
| $1.82M | ﹤0.01% |
183,272
+82,409
| +82% | +$885K |
|
|
BELFB
1972
Bel Fuse Inc Class B
BELFB
$3.72B
| $1.82M | ﹤0.01% |
75,481
-3,955
| -5% | -$84.3K |
|
|
FINL
1973
DELISTED
Finish Line
FINL
| $1.82M | ﹤0.01% |
78,953
-172,436
| -69% | -$3.9M |
|
|
SHLD
1974
DELISTED
Sears Holding Corporation
SHLD
| $1.81M | ﹤0.01% |
158,334
+100,931
| +176% | +$1.42M |
|
1975
Alto Ingredients
ALTO
$317M
| $1.81M | ﹤0.01% |
+262,269
| New | +$1.69M |
|
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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.