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 | |
|---|---|---|---|---|---|---|
2026
NOV
NOV
$7.4B
| $1.65M | ﹤0.01% |
+44,994
| New | +$1.51M |
|
2027
PUT
DaVita
DVA
$11.4B
| $1.65M | ﹤0.01% |
+25,000
| New | +$1.76M |
|
|
HDP
2028
DELISTED
Hortonworks, Inc.
HDP
| $1.65M | ﹤0.01% |
197,623
+59,367
| +43% | +$563K |
|
2029
CALL
Alkermes
ALKS
$8.2B
| $1.65M | ﹤0.01% |
+35,000
| New | +$1.66M |
|
2030
Fresenius Medical Care
FMS
$12.4B
| $1.64M | ﹤0.01% |
37,549
-159,713
| -81% | -$7.15M |
|
2031
Arbutus Biopharma
ABUS
$1.02B
| $1.64M | ﹤0.01% |
476,122
-109,954
| -19% | -$430K |
|
|
ATRS
2032
DELISTED
Antares Pharma, Inc.
ATRS
| $1.64M | ﹤0.01% |
973,442
-302,153
| -24% | -$370K |
|
|
EBSB
2033
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.63M | ﹤0.01% |
104,734
-45,726
| -30% | -$700K |
|
2034
Liberty Global Class A
LBTYA
$3.6B
| $1.63M | ﹤0.01% |
47,645
-298,685
| -86% | -$9.48M |
|
|
DBD
2035
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.62M | ﹤0.01% |
65,354
-87,036
| -57% | -$2.31M |
|
|
VAR
2036
DELISTED
Varian Medical Systems, Inc.
VAR
| $1.62M | ﹤0.01% |
+18,554
| New | +$1.51M |
|
2037
Artisan Partners
APAM
$3.09B
| $1.62M | ﹤0.01% |
59,488
-19,471
| -25% | -$532K |
|
2038
Compañía de Minas Buenaventura
BVN
$9.22B
| $1.62M | ﹤0.01% |
116,899
-163,781
| -58% | -$2.29M |
|
|
IPCC
2039
DELISTED
Infinity Property & Casualty C
IPCC
| $1.61M | ﹤0.01% |
19,526
-8,683
| -31% | -$718K |
|
|
PEI
2040
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.61M | ﹤0.01% |
4,659
-23,285
| -83% | -$8.32M |
|
|
HTZ
2041
CALL
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $1.61M | ﹤0.01% |
+46,040
| New | +$1.93M |
|
2042
CALL
Eli Lilly
LLY
$1.05T
| $1.6M | ﹤0.01% |
+20,000
| New | +$1.6M |
|
2043
BCE
BCE
$21.8B
| $1.6M | ﹤0.01% |
34,567
+25,065
| +264% | +$1.19M |
|
2044
CoStar Group
CSGP
$12.7B
| $1.59M | ﹤0.01% |
73,680
-253,400
| -77% | -$5.39M |
|
|
SHYF
2045
DELISTED
The Shyft Group
SHYF
| $1.59M | ﹤0.01% |
166,217
+32,317
| +24% | +$281K |
|
2046
PUT
Acadia Pharmaceuticals
ACAD
$5.12B
| $1.59M | ﹤0.01% |
+50,000
| New | +$1.7M |
|
2047
NovaGold Resources
NG
$4B
| $1.59M | ﹤0.01% |
283,775
+118,229
| +71% | +$735K |
|
2048
CALL
Cemex
CX
$15.8B
| $1.59M | ﹤0.01% |
+208,000
| New | +$1.53M |
|
2049
Howard Hughes
HHH
$3.88B
| $1.58M | ﹤0.01% |
14,516
+7,371
| +103% | +$818K |
|
2050
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$296M
| $1.58M | ﹤0.01% |
+50,000
| New | +$1.57M |
|
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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.