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 | |
|---|---|---|---|---|---|---|
1976
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $1.44M | ﹤0.01% |
16,731
+5,273
| +46% | +$447K |
|
|
KERX
1977
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $1.44M | ﹤0.01% |
309,047
-632,287
| -67% | -$2.52M |
|
1978
CACI
CACI
$13.5B
| $1.44M | ﹤0.01% |
13,499
-83,431
| -86% | -$7.8M |
|
1979
Astronics
ATRO
$3.2B
| $1.44M | ﹤0.01% |
59,800
-68,345
| -53% | -$1.45M |
|
|
COOP
1980
DELISTED
Mr. Cooper
COOP
| $1.44M | ﹤0.01% |
51,184
-17,904
| -26% | -$507K |
|
1981
Invesco
IVZ
$14.4B
| $1.44M | ﹤0.01% |
46,706
-805,720
| -95% | -$23.2M |
|
1982
Scholastic
SCHL
$773M
| $1.43M | ﹤0.01% |
38,119
-46,006
| -55% | -$1.64M |
|
1983
Invesco DB Commodity Index Tracking Fund
DBC
$1.8B
| $1.42M | ﹤0.01% |
+107,130
| New | +$1.37M |
|
|
GNRT
1984
DELISTED
Gener8 Maritime, Inc.
GNRT
| $1.42M | ﹤0.01% |
201,270
-158,078
| -44% | -$1.02M |
|
1985
VanEck Gold Miners ETF
GDX
$32.8B
| $1.42M | ﹤0.01% |
+70,907
| New | +$1.22M |
|
1986
Middlesex Water
MSEX
$1.11B
| $1.42M | ﹤0.01% |
45,893
+11,541
| +34% | +$327K |
|
1987
W.P. Carey
WPC
$16.4B
| $1.42M | ﹤0.01% |
+23,235
| New | +$1.32M |
|
1988
NACCO Industries
NC
$313M
| $1.42M | ﹤0.01% |
+107,880
| New | +$1.2M |
|
|
BELFB
1989
Bel Fuse Inc Class B
BELFB
$3.61B
| $1.41M | ﹤0.01% |
96,684
-47,255
| -33% | -$700K |
|
1990
Energy Recovery
ERII
$401M
| $1.41M | ﹤0.01% |
136,464
-14,111
| -9% | -$103K |
|
|
OMN
1991
DELISTED
OMNOVA Solutions Inc.
OMN
| $1.41M | ﹤0.01% |
253,622
+116,952
| +86% | +$626K |
|
|
EPIQ
1992
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $1.41M | ﹤0.01% |
+93,588
| New | +$1.2M |
|
|
DBD
1993
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.4M | ﹤0.01% |
48,306
-10,117
| -17% | -$264K |
|
|
ATHN
1994
PUT
DELISTED
Athenahealth, Inc.
ATHN
| $1.39M | ﹤0.01% |
+10,000
| New | +$1.37M |
|
1995
iShares Russell Mid-Cap Value ETF
IWS
$15.9B
| $1.39M | ﹤0.01% |
19,551
-4,785
| -20% | -$316K |
|
|
GLF
1996
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $1.39M | ﹤0.01% |
224,772
+187,390
| +501% | +$816K |
|
|
NVDQ
1997
DELISTED
Novadaq Technologies Inc.
NVDQ
| $1.38M | ﹤0.01% |
124,610
+51,722
| +71% | +$548K |
|
1998
ICICI Bank
IBN
$109B
| $1.37M | ﹤0.01% |
210,883
-879,754
| -81% | -$5.16M |
|
1999
James River Group Holdings
JRVR
$191M
| $1.37M | ﹤0.01% |
42,511
-396,505
| -90% | -$12.7M |
|
2000
Boot Barn
BOOT
$4.84B
| $1.37M | ﹤0.01% |
+145,417
| New | +$1.3M |
|
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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.