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 | |
|---|---|---|---|---|---|---|
2001
RenaissanceRe
RNR
$13.7B
| $1.73M | ﹤0.01% |
+14,381
| New | +$1.7M |
|
2002
Alliant Energy
LNT
$17.7B
| $1.73M | ﹤0.01% |
45,075
-194,514
| -81% | -$7.63M |
|
|
FTR
2003
DELISTED
Frontier Communications Corp.
FTR
| $1.73M | ﹤0.01% |
27,675
-73,110
| -73% | -$5.21M |
|
2004
Magnachip Semiconductor
MX
$118M
| $1.73M | ﹤0.01% |
206,804
+171,504
| +486% | +$1.25M |
|
2005
American States Water
AWR
$3.52B
| $1.71M | ﹤0.01% |
42,698
-11,621
| -21% | -$481K |
|
|
RPXC
2006
DELISTED
RPX Corporation
RPXC
| $1.71M | ﹤0.01% |
159,818
+106,648
| +201% | +$1.1M |
|
|
ANW
2007
DELISTED
Aegean Marine Petroleum Network
ANW
| $1.71M | ﹤0.01% |
170,499
-105,115
| -38% | -$875K |
|
|
ORBC
2008
DELISTED
ORBCOMM, Inc.
ORBC
| $1.7M | ﹤0.01% |
165,944
-203,481
| -55% | -$2.08M |
|
|
WLB
2009
DELISTED
Westmoreland Coal Company
WLB
| $1.7M | ﹤0.01% |
191,770
+71,777
| +60% | +$641K |
|
|
AMFW
2010
DELISTED
AMEC Foster Wheeler plc
AMFW
| $1.7M | ﹤0.01% |
228,311
-255,321
| -53% | -$1.7M |
|
|
LOCK
2011
CALL
DELISTED
LifeLock, Inc.
LOCK
| $1.69M | ﹤0.01% |
100,000
| – | – |
|
|
AHRT
2012
AH Realty Trust
AHRT
$495M
| $1.69M | ﹤0.01% |
126,173
-88,703
| -41% | -$1.24M |
|
|
APTI
2013
DELISTED
Apptio, Inc. Class A Common Stock
APTI
| $1.69M | ﹤0.01% |
+77,912
| New | +$1.71M |
|
2014
TriMas Corp
TRS
$1.42B
| $1.69M | ﹤0.01% |
90,555
+63,083
| +230% | +$1.17M |
|
|
ININ
2015
DELISTED
Interactive Intelligence Group, inc.
ININ
| $1.68M | ﹤0.01% |
+27,941
| New | +$1.51M |
|
2016
Invesco Preferred ETF
PGX
$3.74B
| $1.67M | ﹤0.01% |
110,622
-46,732
| -30% | -$715K |
|
|
JOBS
2017
DELISTED
51job Inc
JOBS
| $1.67M | ﹤0.01% |
+50,074
| New | +$1.64M |
|
2018
Skywest
SKYW
$3.84B
| $1.67M | ﹤0.01% |
+63,180
| New | +$1.75M |
|
2019
Corcept Therapeutics
CORT
$12.6B
| $1.67M | ﹤0.01% |
256,555
+44,831
| +21% | +$261K |
|
|
ARNA
2020
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $1.67M | ﹤0.01% |
95,147
+35,021
| +58% | +$581K |
|
2021
ATN International
ATNI
$457M
| $1.66M | ﹤0.01% |
25,539
+17,717
| +227% | +$1.25M |
|
|
SREV
2022
DELISTED
ServiceSource International, Inc.
SREV
| $1.66M | ﹤0.01% |
339,931
+54,765
| +19% | +$258K |
|
|
TNGO
2023
DELISTED
Tangoe, Inc.
TNGO
| $1.66M | ﹤0.01% |
200,811
+159,274
| +383% | +$1.37M |
|
|
OB
2024
DELISTED
Onebeacon Insurance Group Ltd
OB
| $1.66M | ﹤0.01% |
116,040
-69,641
| -38% | -$983K |
|
2025
iShares US Financials ETF
IYF
$4.3B
| $1.66M | ﹤0.01% |
+36,778
| New | +$1.65M |
|
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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.