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 | Miscellaneous | 13.07% |
| 3 | Healthcare | 10.7% |
| 4 | Energy | 9.08% |
| 5 | Technology | 8.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Schwab US Large- Cap ETF
SCHX
$74.5B
| $1.81M | ﹤0.01% |
210,570
+88,296
| +72% | +$757K |
|
1977
Corvus Pharmaceuticals
CRVS
$1.24B
| $1.81M | ﹤0.01% |
+110,054
| New | +$1.59M |
|
1978
Trade Desk
TTD
$6.31B
| $1.81M | ﹤0.01% |
+619,300
| New | +$1.83M |
|
|
ACRE
1979
Ares Commercial Real Estate
ACRE
$257M
| $1.8M | ﹤0.01% |
+143,001
| New | +$1.8M |
|
1980
PC Connection
CNXN
$2.03B
| $1.8M | ﹤0.01% |
68,158
+32,335
| +90% | +$825K |
|
1981
First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF
HYLS
$1.64B
| $1.8M | ﹤0.01% |
+36,940
| New | +$1.79M |
|
|
LHO
1982
DELISTED
LaSalle Hotel Properties
LHO
| $1.79M | ﹤0.01% |
75,212
-735,372
| -91% | -$19.4M |
|
|
BCR
1983
DELISTED
CR Bard Inc.
BCR
| $1.79M | ﹤0.01% |
+7,992
| New | +$1.8M |
|
|
NXEO
1984
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
| $1.79M | ﹤0.01% |
+217,389
| New | +$1.92M |
|
1985
Nucor
NUE
$57.3B
| $1.79M | ﹤0.01% |
36,168
-433,634
| -92% | -$22.1M |
|
1986
First Hawaiian
FHB
$3.14B
| $1.78M | ﹤0.01% |
+66,200
| New | +$1.73M |
|
|
BGC
1987
DELISTED
General Cable Corporation
BGC
| $1.77M | ﹤0.01% |
118,501
-20,239
| -15% | -$297K |
|
1988
Nokia
NOK
$59.3B
| $1.77M | ﹤0.01% |
+305,883
| New | +$1.74M |
|
|
EVBG
1989
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $1.77M | ﹤0.01% |
+104,941
| New | +$1.73M |
|
|
LOGM
1990
DELISTED
LogMein, Inc.
LOGM
| $1.77M | ﹤0.01% |
+19,550
| New | +$1.57M |
|
1991
Unitil
UTL
$975M
| $1.76M | ﹤0.01% |
45,145
+34,541
| +326% | +$1.43M |
|
|
CIO
1992
DELISTED
City Office REIT
CIO
| $1.76M | ﹤0.01% |
138,350
+55,967
| +68% | +$737K |
|
|
CHA
1993
DELISTED
China Telecom Corporation, LTD
CHA
| $1.75M | ﹤0.01% |
34,378
+4,053
| +13% | +$203K |
|
1994
Enova International
ENVA
$5.91B
| $1.75M | ﹤0.01% |
180,895
+132,538
| +274% | +$1.18M |
|
|
SE
1995
DELISTED
Spectra Energy Corp Wi
SE
| $1.74M | ﹤0.01% |
40,743
-1,049,257
| -96% | -$40M |
|
|
CCRN
1996
DELISTED
Cross Country Healthcare
CCRN
| $1.74M | ﹤0.01% |
147,413
-485,479
| -77% | -$6.39M |
|
1997
Ecopetrol
EC
$34B
| $1.73M | ﹤0.01% |
197,900
-242,857
| -55% | -$2.14M |
|
|
SALE
1998
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $1.73M | ﹤0.01% |
175,224
-199,041
| -53% | -$2.01M |
|
|
MDSO
1999
DELISTED
Medidata Solutions, Inc.
MDSO
| $1.73M | ﹤0.01% |
+31,061
| New | +$1.65M |
|
2000
Applied Optoelectronics
AAOI
$9.62B
| $1.73M | ﹤0.01% |
+77,892
| New | +$1.21M |
|
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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 $10.3B 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 Miscellaneous and Healthcare.
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.