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 | |
|---|---|---|---|---|---|---|
2051
Acco Brands
ACCO
$396M
| $1.57M | ﹤0.01% |
163,305
-282,793
| -63% | -$2.91M |
|
2052
iShares China Large-Cap ETF
FXI
$4.2B
| $1.57M | ﹤0.01% |
+41,403
| New | +$1.52M |
|
2053
NCR Voyix
VYX
$1.27B
| $1.57M | ﹤0.01% |
79,526
-22,031
| -22% | -$433K |
|
|
CMD
2054
DELISTED
Cantel Medical Corporation
CMD
| $1.57M | ﹤0.01% |
20,150
-96,643
| -83% | -$7.01M |
|
|
TLRD
2055
CALL
DELISTED
Tailored Brands, Inc.
TLRD
| $1.57M | ﹤0.01% |
+100,000
| New | +$1.46M |
|
2056
Manulife Financial
MFC
$71.6B
| $1.57M | ﹤0.01% |
111,007
-7,791
| -7% | -$106K |
|
|
SGEN
2057
CALL
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.57M | ﹤0.01% |
+29,000
| New | +$1.38M |
|
2058
NeoGenomics
NEO
$2.39B
| $1.56M | ﹤0.01% |
189,990
-275,324
| -59% | -$2.31M |
|
|
CTRL
2059
DELISTED
Control4 Corporation
CTRL
| $1.54M | ﹤0.01% |
+125,613
| New | +$1.29M |
|
2060
Oneok
OKE
$59.7B
| $1.54M | ﹤0.01% |
30,000
-163,730
| -85% | -$7.75M |
|
2061
PUT
Olin
OLN
$1.97B
| $1.54M | ﹤0.01% |
75,000
-25,000
| -25% | -$538K |
|
2062
iShares US Healthcare Providers ETF
IHF
$1.24B
| $1.53M | ﹤0.01% |
61,860
+44,105
| +248% | +$1.11M |
|
2063
Ascendis Pharma A/S
ASND
$16.4B
| $1.53M | ﹤0.01% |
+76,222
| New | +$1.26M |
|
2064
Grupo Aval
AVAL
$6.34B
| $1.53M | ﹤0.01% |
+173,362
| New | +$1.42M |
|
2065
Genesis Energy
GEL
$2B
| $1.53M | ﹤0.01% |
+40,277
| New | +$1.48M |
|
2066
MiMedx Group
MDXG
$657M
| $1.53M | ﹤0.01% |
178,114
-192,417
| -52% | -$1.52M |
|
|
FCRD
2067
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.53M | ﹤0.01% |
160,331
+102,722
| +178% | +$1.08M |
|
2068
Viatris
VTRS
$19.4B
| $1.52M | ﹤0.01% |
40,000
-308,469
| -89% | -$13.7M |
|
|
COBZ
2069
DELISTED
CoBiz Financial,Inc
COBZ
| $1.52M | ﹤0.01% |
114,340
-58,637
| -34% | -$745K |
|
2070
Globalstar
GSAT
$10.6B
| $1.52M | ﹤0.01% |
83,737
-70,481
| -46% | -$1.33M |
|
|
VXZ
2071
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| $1.52M | ﹤0.01% |
40,101
+28,397
| +243% | +$1.13M |
|
2072
State Street SPDR S&P Homebuilders ETF
XHB
$1.39B
| $1.51M | ﹤0.01% |
44,636
+4,703
| +12% | +$166K |
|
|
DD
2073
DELISTED
Du Pont De Nemours E I
DD
| $1.51M | ﹤0.01% |
22,627
-168,188
| -88% | -$11.4M |
|
2074
PUT
Flowers Foods
FLO
$1.48B
| $1.51M | ﹤0.01% |
+100,000
| New | +$1.66M |
|
|
OLP
2075
One Liberty Properties
OLP
$528M
| $1.51M | ﹤0.01% |
62,356
+43,192
| +225% | +$1.06M |
|
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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.