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 | |
|---|---|---|---|---|---|---|
176
Sherwin-Williams
SHW
$84.1B
| $50.8M | 0.13% |
534,942
-371,820
| -41% | -$32.5M |
|
177
KLA
KLAC
$240B
| $50.5M | 0.13% |
6,933,950
-36,100
| -0.5% | -$243K |
|
178
Cheniere Energy
LNG
$57.3B
| $50.1M | 0.13% |
1,480,938
-450,430
| -23% | -$14.6M |
|
|
DO
179
DELISTED
Diamond Offshore Drilling
DO
| $49.9M | 0.12% |
2,295,101
-651,749
| -22% | -$12.8M |
|
180
UDR
UDR
$12.1B
| $49.8M | 0.12% |
+1,293,120
| New | +$46.3M |
|
|
SE
181
DELISTED
Spectra Energy Corp Wi
SE
| $49.6M | 0.12% |
1,621,127
+1,300,795
| +406% | +$36.7M |
|
182
Aramark
ARMK
$15.8B
| $49.3M | 0.12% |
2,062,750
-1,532,904
| -43% | -$35.1M |
|
183
Chord Energy
CHRD
$8.09B
| $49.1M | 0.12% |
6,749,276
+6,724,511
| +27,153% | +$40.1M |
|
184
Charles River Laboratories
CRL
$14.1B
| $49.1M | 0.12% |
646,993
+218,704
| +51% | +$16.2M |
|
185
National Health Investors
NHI
$3.6B
| $49.1M | 0.12% |
738,565
+388,144
| +111% | +$24M |
|
186
Booking.com
BKNG
$158B
| $48.9M | 0.12% |
948,450
+917,075
| +2,923% | +$43.9M |
|
|
ARG
187
DELISTED
Airgas Inc
ARG
| $48.9M | 0.12% |
344,945
+14,183
| +4% | +$1.99M |
|
188
PNC Financial Services
PNC
$97B
| $48.8M | 0.12% |
577,138
+306,230
| +113% | +$26.1M |
|
189
Kinder Morgan
KMI
$69B
| $48.3M | 0.12% |
2,706,183
-1,061,840
| -28% | -$17.4M |
|
190
Watsco Inc
WSO
$12.9B
| $48.2M | 0.12% |
358,075
+61,664
| +21% | +$7.48M |
|
191
Intercontinental Exchange
ICE
$90.5B
| $47.6M | 0.12% |
1,011,635
+123,880
| +14% | +$6.03M |
|
|
PPS
192
DELISTED
Post Properties
PPS
| $47.6M | 0.12% |
796,023
+488,342
| +159% | +$27.9M |
|
|
LM
193
DELISTED
Legg Mason, Inc.
LM
| $47.5M | 0.12% |
1,370,683
-73,759
| -5% | -$2.31M |
|
194
UnitedHealth
UNH
$350B
| $46.8M | 0.12% |
362,966
-181,682
| -33% | -$21.5M |
|
195
JD.com
JD
$39.7B
| $46.8M | 0.12% |
+1,764,718
| New | +$46.3M |
|
196
Principal Financial Group
PFG
$23.7B
| $46.8M | 0.12% |
+1,185,389
| New | +$45.6M |
|
|
SIVB
197
DELISTED
SVB Financial Group
SIVB
| $46.6M | 0.12% |
456,373
-92,564
| -17% | -$8.96M |
|
198
Regions Financial
RF
$25.9B
| $46.6M | 0.12% |
5,930,403
+4,403,316
| +288% | +$35.4M |
|
|
HDS
199
DELISTED
HD Supply Holdings, Inc.
HDS
| $46.4M | 0.12% |
1,404,017
+1,232,355
| +718% | +$33.9M |
|
|
RAI
200
DELISTED
Reynolds American Inc
RAI
| $46.4M | 0.12% |
922,173
-23,398
| -2% | -$1.15M |
|
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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.