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 | Miscellaneous | 9.87% |
| 4 | Financials | 9.53% |
| 5 | Consumer Discretionary | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Clear Channel Outdoor Holdings
CCO
$1.21B
| $1.84M | ﹤0.01% |
328,867
+300,434
| +1,057% | +$1.86M |
|
|
FRAN
1977
DELISTED
Francesca's Holdings Corporation
FRAN
| $1.83M | ﹤0.01% |
8,774
+432
| +5% | +$75.7K |
|
1978
V2X
VVX
$2.47B
| $1.83M | ﹤0.01% |
87,610
+47,804
| +120% | +$1.11M |
|
1979
HealthStream
HSTM
$844M
| $1.83M | ﹤0.01% |
83,147
-14,240
| -15% | -$333K |
|
|
AD
1980
Array Digital Infrastructure
AD
$3.06B
| $1.83M | ﹤0.01% |
44,753
-34,399
| -43% | -$1.38M |
|
1981
MidCap Financial Investment
MFIC
$800M
| $1.82M | ﹤0.01% |
116,555
-137,336
| -54% | -$2.35M |
|
|
YOKU
1982
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $1.82M | ﹤0.01% |
67,062
-130,678
| -66% | -$3.28M |
|
1983
CALL
Avis
CAR
$4.92B
| $1.81M | ﹤0.01% |
+50,000
| New | +$2.11M |
|
|
GTS
1984
DELISTED
Triple-S Management Corporation
GTS
| $1.81M | ﹤0.01% |
79,776
+30,466
| +62% | +$666K |
|
1985
Barrett Business Services
BBSI
$828M
| $1.81M | ﹤0.01% |
166,300
-56,764
| -25% | -$626K |
|
1986
Alerian MLP ETF
AMLP
$13.4B
| $1.81M | ﹤0.01% |
30,000
+17,900
| +148% | +$1.12M |
|
1987
Dolby
DLB
$5.88B
| $1.8M | ﹤0.01% |
53,621
-171,001
| -76% | -$5.87M |
|
1988
PUT
GoPro
GPRO
$111M
| $1.8M | ﹤0.01% |
100,000
| – | – |
|
|
CZZ
1989
DELISTED
Cosan Limited
CZZ
| $1.8M | ﹤0.01% |
488,136
+472,536
| +3,029% | +$1.71M |
|
1990
Vanguard Real Estate ETF
VNQ
$38.8B
| $1.8M | ﹤0.01% |
22,562
-107,338
| -83% | -$8.5M |
|
1991
State Street SPDR S&P Retail ETF
XRT
$320M
| $1.8M | ﹤0.01% |
41,605
-175,752
| -81% | -$7.86M |
|
1992
First Interstate BancSystem
FIBK
$3.55B
| $1.8M | ﹤0.01% |
61,849
-416,998
| -87% | -$12.1M |
|
1993
Wabash National
WNC
$536M
| $1.79M | ﹤0.01% |
151,767
-1,107,848
| -88% | -$13.1M |
|
1994
Franklin Templeton
BEN
$17.7B
| $1.79M | ﹤0.01% |
48,700
-1,053,615
| -96% | -$41.2M |
|
1995
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $1.79M | ﹤0.01% |
46,139
-9,720
| -17% | -$378K |
|
1996
Casella Waste Systems
CWST
$5.93B
| $1.79M | ﹤0.01% |
299,532
+114,262
| +62% | +$714K |
|
1997
BioCryst Pharmaceuticals
BCRX
$2.52B
| $1.79M | ﹤0.01% |
173,252
-781,636
| -82% | -$7.77M |
|
|
NPTN
1998
DELISTED
NEOPHOTONICS CORP
NPTN
| $1.78M | ﹤0.01% |
+164,400
| New | +$1.49M |
|
1999
United Fire Group
UFCS
$1.39B
| $1.78M | ﹤0.01% |
46,479
-36,864
| -44% | -$1.4M |
|
2000
Saia
SAIA
$9.38B
| $1.78M | ﹤0.01% |
79,989
-158,669
| -66% | -$4.1M |
|
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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 $4.31B 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 Miscellaneous.
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.