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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Miscellaneous | 9.87% |
| 4 | Financials | 9.53% |
| 5 | Consumer Discretionary | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Banc of California
BANC
$2.98B
| $1.62M | ﹤0.01% |
111,037
+52,968
| +91% | +$731K |
|
|
BKCC
2052
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $1.62M | ﹤0.01% |
172,423
+107,719
| +166% | +$1.02M |
|
2053
Accenture
ACN
$116B
| $1.62M | ﹤0.01% |
15,500
-4,698
| -23% | -$496K |
|
2054
CALL
PTC Therapeutics
PTCT
$5.96B
| $1.62M | ﹤0.01% |
50,000
-200,000
| -80% | -$5.89M |
|
2055
Insight Enterprises
NSIT
$4.55B
| $1.62M | ﹤0.01% |
64,454
+44,493
| +223% | +$1.17M |
|
|
TWX
2056
CALL
DELISTED
Time Warner Inc
TWX
| $1.62M | ﹤0.01% |
+25,000
| New | +$1.75M |
|
2057
Marcus Corp
MCS
$893M
| $1.62M | ﹤0.01% |
85,210
-28,994
| -25% | -$580K |
|
|
ISCA
2058
DELISTED
International Speedway Corp
ISCA
| $1.61M | ﹤0.01% |
47,900
+40,014
| +507% | +$1.39M |
|
2059
First Citizens BancShares
FCNCA
$24.6B
| $1.61M | ﹤0.01% |
6,237
-6,875
| -52% | -$1.71M |
|
|
ANTH
2060
DELISTED
Anthera Pharmaceuticals, Inc.
ANTH
| $1.61M | ﹤0.01% |
43,338
-3,619
| -8% | -$160K |
|
2061
Booking.com
BKNG
$155B
| $1.6M | ﹤0.01% |
31,375
-57,925
| -65% | -$3.06M |
|
|
VVC
2062
DELISTED
Vectren Corporation
VVC
| $1.6M | ﹤0.01% |
37,714
+26,262
| +229% | +$1.13M |
|
|
AAAP
2063
DELISTED
Advanced Accelerator Applications S.A.
AAAP
| $1.6M | ﹤0.01% |
+51,114
| New | +$1.42M |
|
2064
Service Corp International
SCI
$11.5B
| $1.6M | ﹤0.01% |
61,370
-151,377
| -71% | -$4.14M |
|
2065
Teekay
TK
$1.12B
| $1.6M | ﹤0.01% |
161,671
+121,461
| +302% | +$3.16M |
|
2066
PUT
Morgan Stanley
MS
$338B
| $1.59M | ﹤0.01% |
+50,000
| New | +$1.66M |
|
|
SSNI
2067
DELISTED
Silver Spring Networks, Inc.
SSNI
| $1.59M | ﹤0.01% |
110,340
+40,040
| +57% | +$559K |
|
|
TAHO
2068
DELISTED
Tahoe Resources Inc
TAHO
| $1.59M | ﹤0.01% |
183,036
-8,681
| -5% | -$75.5K |
|
|
SEMG
2069
DELISTED
SEMGROUP CORPORATION
SEMG
| $1.59M | ﹤0.01% |
+54,962
| New | +$2.1M |
|
|
CEO
2070
DELISTED
CNOOC Limited
CEO
| $1.59M | ﹤0.01% |
15,191
-74,355
| -83% | -$8.22M |
|
2071
Steel Dynamics
STLD
$33.7B
| $1.58M | ﹤0.01% |
88,704
-2,873,947
| -97% | -$51.4M |
|
2072
Petrobras Class A
PBR.A
$105B
| $1.58M | ﹤0.01% |
465,849
-436,379
| -48% | -$1.73M |
|
|
USAK
2073
DELISTED
USA Truck Inc
USAK
| $1.58M | ﹤0.01% |
90,335
+50,031
| +124% | +$939K |
|
2074
CALL
Macy's
M
$5.98B
| $1.57M | ﹤0.01% |
45,000
-35,000
| -44% | -$1.52M |
|
|
SREV
2075
DELISTED
ServiceSource International, Inc.
SREV
| $1.57M | ﹤0.01% |
340,214
-135,944
| -29% | -$640K |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $4.31B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Miscellaneous.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.