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 |
Amazon
AMZN
|
+$278M |
| 2 |
Charter Communications
CHTR
|
+$218M |
| 3 |
Exelon
EXC
|
+$197M |
| 4 |
Halliburton
HAL
|
+$192M |
| 5 |
AET
Aetna Inc
AET
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$241M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$235M |
| 3 |
Expedia Group
EXPE
|
+$188M |
| 4 |
AT&T
T
|
+$181M |
| 5 |
WR
Westar Energy Inc
WR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.7% |
| 2 | Energy | 10.37% |
| 3 | Financials | 9.65% |
| 4 | Technology | 8.63% |
| 5 | Industrials | 8.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PRMW
1976
CALL
DELISTED
Primo Water Corporation
PRMW
| $1.4M | ﹤0.01% |
+100,000
| New | +$1.44M |
|
1977
Veracyte
VCYT
$3.55B
| $1.39M | ﹤0.01% |
276,859
-46,333
| -14% | -$248K |
|
1978
Biglari Holdings Class B
BH
$1.22B
| $1.39M | ﹤0.01% |
+5,171
| New | +$1.33M |
|
|
PSTB
1979
DELISTED
Park Sterling Corp.
PSTB
| $1.39M | ﹤0.01% |
195,852
+53,724
| +38% | +$383K |
|
1980
Tanger
SKT
$4.39B
| $1.39M | ﹤0.01% |
34,497
-1,209,381
| -97% | -$44M |
|
|
ATHN
1981
PUT
DELISTED
Athenahealth, Inc.
ATHN
| $1.38M | ﹤0.01% |
10,000
| – | – |
|
1982
DNOW Inc
DNOW
$2.87B
| $1.38M | ﹤0.01% |
76,043
-31,231
| -29% | -$548K |
|
|
ABCO
1983
DELISTED
Advisory Board Co
ABCO
| $1.38M | ﹤0.01% |
38,976
-529,077
| -93% | -$17.4M |
|
1984
Morgan Stanley
MS
$336B
| $1.38M | ﹤0.01% |
52,992
+6,229
| +13% | +$163K |
|
1985
Copart
CPRT
$30.4B
| $1.36M | ﹤0.01% |
+222,624
| New | +$1.25M |
|
|
CHA
1986
DELISTED
China Telecom Corporation, LTD
CHA
| $1.36M | ﹤0.01% |
30,325
+22,080
| +268% | +$1.07M |
|
1987
Oil States International
OIS
$498M
| $1.36M | ﹤0.01% |
+41,457
| New | +$1.34M |
|
|
ILG
1988
CALL
DELISTED
ILG, Inc Common Stock
ILG
| $1.35M | ﹤0.01% |
85,000
+20,000
| +31% | +$286K |
|
1989
Old National Bancorp
ONB
$9.87B
| $1.35M | ﹤0.01% |
107,556
-161,216
| -60% | -$2.04M |
|
|
EPIQ
1990
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $1.35M | ﹤0.01% |
92,292
-1,296
| -1% | -$19K |
|
1991
CALL
Huntsman Corp
HUN
$1.67B
| $1.34M | ﹤0.01% |
100,000
+50,000
| +100% | +$733K |
|
|
1992
PUT
Huntsman Corp
HUN
$1.67B
| $1.34M | ﹤0.01% |
100,000
| – | – |
|
|
LORL
1993
DELISTED
Loral Space and Communications, Inc.
LORL
| $1.34M | ﹤0.01% |
38,113
-72,426
| -66% | -$2.63M |
|
1994
ENI
E
$77.3B
| $1.34M | ﹤0.01% |
+41,388
| New | +$1.27M |
|
1995
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $1.34M | ﹤0.01% |
39,933
+33,738
| +545% | +$1.14M |
|
|
ATRS
1996
DELISTED
Antares Pharma, Inc.
ATRS
| $1.34M | ﹤0.01% |
+1,275,595
| New | +$1.23M |
|
|
FLTX
1997
DELISTED
Fleetmatics Group PLC
FLTX
| $1.34M | ﹤0.01% |
+30,901
| New | +$1.23M |
|
|
YELL
1998
DELISTED
Yellow Corporation Common Stock
YELL
| $1.34M | ﹤0.01% |
152,000
+15,826
| +12% | +$141K |
|
1999
Pathward Financial
CASH
$1.71B
| $1.33M | ﹤0.01% |
+78,303
| New | +$1.28M |
|
2000
Elbit Systems
ESLT
$33.8B
| $1.33M | ﹤0.01% |
14,596
+12,063
| +476% | +$1.15M |
|
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Israel Englander's Q2 2016 Portfolio in Review
As of Q2 2016, Israel Englander held 3,988 positions worth $43.7B, up 9.2% from $40B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $1.99B of net new capital in Q2 2016, opening 776 new positions and adding to 1,172 existing holdings. Its largest new stake was Amazon: 8,232,420 shares worth $295M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Yahoo Inc, an estimated $241M trimmed.
- Israel Englander's largest Q2 2016 buy was Amazon: 8,232,420 shares worth $295M.
- Israel Englander added most to Charter Communications in Q2 2016, an estimated $218M increase.
- Israel Englander's biggest Q2 2016 reduction was Yahoo Inc, cutting an estimated $241M.
- Israel Englander fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $108M.
- Israel Englander's ten largest holdings make up 11% of its $43.7B portfolio in Q2 2016.
- Israel Englander opened 776 new positions and closed 860 in Q2 2016.
- Israel Englander's portfolio value rose 9.2% quarter-over-quarter to $43.7B.
Based on Millennium Management's 13F filing for Q2 2016, filed 15 Aug 2016.