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 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
CALL
Johnson & Johnson
JNJ
$651B
| $68.8M | 0.12% |
+600,000
| New | +$72.8M |
|
177
Louisiana-Pacific
LPX
$5.12B
| $68.4M | 0.11% |
3,633,995
+2,150,311
| +145% | +$41.6M |
|
178
Newmont
NEM
$139B
| $68M | 0.11% |
1,730,874
+429,884
| +33% | +$17.8M |
|
179
Constellation Brands
STZ
$23.2B
| $67.8M | 0.11% |
407,096
+208,281
| +105% | +$34.3M |
|
180
Kraft Heinz
KHC
$30.3B
| $67.7M | 0.11% |
756,869
-870,443
| -53% | -$77M |
|
181
Stryker
SYK
$126B
| $67.3M | 0.11% |
+578,053
| New | +$67.4M |
|
182
Palo Alto Networks
PANW
$292B
| $67M | 0.11% |
2,523,738
+1,516,260
| +151% | +$34.6M |
|
|
SCG
183
DELISTED
Scana
SCG
| $66.4M | 0.11% |
917,896
+586,985
| +177% | +$42.9M |
|
|
BWLD
184
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $66.3M | 0.11% |
470,791
+345,432
| +276% | +$53.7M |
|
185
Texas Instruments
TXN
$241B
| $66M | 0.11% |
+940,584
| New | +$64.1M |
|
|
TWX
186
DELISTED
Time Warner Inc
TWX
| $65.7M | 0.11% |
825,142
-1,439,987
| -64% | -$112M |
|
187
Medtronic
MDT
$119B
| $65.6M | 0.11% |
758,715
+189,962
| +33% | +$16.6M |
|
188
Hartford Financial Services
HIG
$36.9B
| $65.6M | 0.11% |
1,530,884
-2,570
| -0.2% | -$108K |
|
|
CTXS
189
DELISTED
Citrix Systems Inc
CTXS
| $65.5M | 0.11% |
965,429
+224,364
| +30% | +$15.3M |
|
190
Baxter International
BAX
$13.6B
| $65.1M | 0.11% |
1,367,094
-505,442
| -27% | -$23.8M |
|
|
AET
191
DELISTED
Aetna Inc
AET
| $65M | 0.11% |
563,442
-1,020,855
| -64% | -$120M |
|
|
QEP
192
DELISTED
QEP RESOURCES, INC.
QEP
| $65M | 0.11% |
3,330,533
+981,210
| +42% | +$18.1M |
|
|
WRK
193
DELISTED
WestRock Company
WRK
| $64.7M | 0.11% |
1,334,362
+564,088
| +73% | +$25.2M |
|
194
Delek US
DK
$4.38B
| $64.2M | 0.11% |
3,710,328
+943,003
| +34% | +$14.5M |
|
195
RPC Inc
RES
$1.41B
| $63.9M | 0.11% |
3,803,779
+459,595
| +14% | +$6.98M |
|
|
NVO
196
Novo Nordisk
NVO
$207B
| $63.8M | 0.11% |
3,070,074
+2,724,698
| +789% | +$67.6M |
|
|
PPLI
197
People Inc
PPLI
$2.86B
| $63.7M | 0.11% |
5,705,766
+4,878,742
| +590% | +$51.5M |
|
198
CenterPoint Energy
CNP
$25.5B
| $63.6M | 0.11% |
2,737,762
-2,472,606
| -47% | -$57.7M |
|
199
Keurig Dr Pepper
KDP
$43.6B
| $63.4M | 0.11% |
694,569
-9,658
| -1% | -$915K |
|
200
SiriusXM
SIRI
$9.67B
| $63.2M | 0.11% |
1,515,301
+966,231
| +176% | +$40.3M |
|
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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 $13.4B 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 Healthcare and Energy.
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.