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 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EQY
176
DELISTED
Equity One
EQY
| $60.5M | 0.13% |
2,226,850
+264,750
| +13% | +$6.99M |
|
|
LSI
177
DELISTED
Life Storage, Inc.
LSI
| $60.4M | 0.13% |
844,686
-73,200
| -8% | -$4.9M |
|
178
iShares Biotechnology ETF
IBB
$10.7B
| $60.4M | 0.13% |
535,476
-279,009
| -34% | -$30.3M |
|
179
Graphic Packaging
GPK
$3.54B
| $60.3M | 0.13% |
4,700,089
-645,737
| -12% | -$8.67M |
|
|
XEC
180
DELISTED
CIMAREX ENERGY CO
XEC
| $60.3M | 0.13% |
674,207
-850,204
| -56% | -$94.5M |
|
|
TCF
181
DELISTED
TCF Financial Corporation
TCF
| $60.1M | 0.13% |
4,255,345
-634,415
| -13% | -$9.56M |
|
182
Neurocrine Biosciences
NBIX
$15.5B
| $59.8M | 0.13% |
1,057,623
-267,751
| -20% | -$13.6M |
|
183
Essex Property Trust
ESS
$18.6B
| $59.4M | 0.13% |
248,302
-113,773
| -31% | -$26.1M |
|
|
ATVI
184
DELISTED
Activision Blizzard
ATVI
| $59M | 0.12% |
1,524,994
-2,253,536
| -60% | -$81.2M |
|
185
Flex
FLEX
$40.8B
| $59M | 0.12% |
6,986,721
+5,924,391
| +558% | +$50.1M |
|
186
Fidelity National Information Services
FIS
$21.3B
| $58.8M | 0.12% |
970,485
-583,371
| -38% | -$38.6M |
|
187
O'Reilly Automotive
ORLY
$72.1B
| $58.6M | 0.12% |
3,468,105
+1,620,780
| +88% | +$28.1M |
|
188
Coca-Cola Europacific Partners
CCEP
$47.7B
| $58.2M | 0.12% |
1,181,117
-746,398
| -39% | -$37.6M |
|
189
Voya Financial
VOYA
$8.86B
| $58.1M | 0.12% |
1,573,920
+110,128
| +8% | +$4.36M |
|
190
Albemarle
ALB
$16.9B
| $58.1M | 0.12% |
1,036,914
-221,136
| -18% | -$11.4M |
|
191
Broadcom
AVGO
$1.75T
| $58M | 0.12% |
3,998,290
-2,427,130
| -38% | -$31.5M |
|
|
GXP
192
DELISTED
Great Plains Energy Incorporated
GXP
| $57.5M | 0.12% |
+2,106,474
| New | +$57.1M |
|
|
ETP
193
DELISTED
Energy Transfer Partners L.p.
ETP
| $57.3M | 0.12% |
1,698,125
+221,053
| +15% | +$8.67M |
|
|
STJ
194
DELISTED
St Jude Medical
STJ
| $57.2M | 0.12% |
925,894
+60,135
| +7% | +$3.79M |
|
|
LM
195
DELISTED
Legg Mason, Inc.
LM
| $56.7M | 0.12% |
1,444,442
-111,249
| -7% | -$4.76M |
|
196
Norwegian Cruise Line
NCLH
$7.92B
| $56.6M | 0.12% |
965,676
+761,478
| +373% | +$44.8M |
|
197
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $56.6M | 0.12% |
277,475
+261,084
| +1,593% | +$53.6M |
|
198
Tanger
SKT
$4.39B
| $56.4M | 0.12% |
1,725,111
+1,685,573
| +4,263% | +$57.2M |
|
199
Kinder Morgan
KMI
$69B
| $56.2M | 0.12% |
+3,768,023
| New | +$89.8M |
|
200
Devon Energy
DVN
$54B
| $55.9M | 0.12% |
1,746,444
-4,104,616
| -70% | -$168M |
|
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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 $5.89B 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 Financials.
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.