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 | |
|---|---|---|---|---|---|---|
2076
FMC
FMC
$1.33B
| $1.5M | ﹤0.01% |
35,851
-365,686
| -91% | -$15.1M |
|
2077
The Mosaic Company
MOS
$7.55B
| $1.5M | ﹤0.01% |
+61,200
| New | +$1.67M |
|
2078
CEVA Inc
CEVA
$800M
| $1.49M | ﹤0.01% |
42,565
-44,631
| -51% | -$1.38M |
|
2079
First Bancorp
FBNC
$2.63B
| $1.49M | ﹤0.01% |
75,448
+26,188
| +53% | +$500K |
|
|
RAX
2080
DELISTED
Rackspace Hosting Inc
RAX
| $1.48M | ﹤0.01% |
46,750
-696,687
| -94% | -$19.2M |
|
2081
CALL
Netflix
NFLX
$332B
| $1.48M | ﹤0.01% |
+150,000
| New | +$1.43M |
|
2082
First Trust Health Care AlphaDEX Fund
FXH
$1.16B
| $1.47M | ﹤0.01% |
24,225
+2,387
| +11% | +$145K |
|
2083
iShares MSCI ACWI ETF
ACWI
$33.4B
| $1.47M | ﹤0.01% |
+24,884
| New | +$1.45M |
|
2084
Pearson
PSO
$10B
| $1.47M | ﹤0.01% |
+150,035
| New | +$1.72M |
|
2085
Keysight
KEYS
$55.5B
| $1.47M | ﹤0.01% |
46,285
-206,977
| -82% | -$6.16M |
|
2086
Ross Stores
ROST
$73.7B
| $1.47M | ﹤0.01% |
+22,778
| New | +$1.4M |
|
|
APLP
2087
DELISTED
Archrock Partners, L.P. Common Units representing Limited Partner Interests
APLP
| $1.46M | ﹤0.01% |
99,465
+19,465
| +24% | +$279K |
|
2088
Arcos Dorados Holdings
ARCO
$1.67B
| $1.46M | ﹤0.01% |
285,339
+23,718
| +9% | +$123K |
|
2089
DHI Group
DHX
$178M
| $1.46M | ﹤0.01% |
185,378
+76,654
| +71% | +$559K |
|
2090
Shenandoah Telecom
SHEN
$673M
| $1.46M | ﹤0.01% |
+53,582
| New | +$1.72M |
|
|
RENX
2091
DELISTED
RELX N.V.
RENX
| $1.46M | ﹤0.01% |
81,503
+28,693
| +54% | +$508K |
|
|
MRUS
2092
DELISTED
Merus
MRUS
| $1.45M | ﹤0.01% |
86,700
+24,102
| +39% | +$229K |
|
|
SNC
2093
DELISTED
State National Companies, Inc.
SNC
| $1.45M | ﹤0.01% |
130,057
-75,772
| -37% | -$808K |
|
2094
HEICO Corp
HEI
$47.1B
| $1.44M | ﹤0.01% |
50,940
-18,672
| -27% | -$527K |
|
2095
Enpro
NPO
$6.53B
| $1.43M | ﹤0.01% |
25,239
-84,657
| -77% | -$4.35M |
|
2096
OGE Energy
OGE
$9.51B
| $1.43M | ﹤0.01% |
45,310
-166,662
| -79% | -$5.28M |
|
2097
Independent Bank Corp
IBCP
$813M
| $1.43M | ﹤0.01% |
85,056
+27,675
| +48% | +$438K |
|
|
Y
2098
DELISTED
Alleghany Corp
Y
| $1.43M | ﹤0.01% |
2,723
+1,305
| +92% | +$698K |
|
|
PRSU
2099
Pursuit Attractions and Hospitality Inc
PRSU
$1.34B
| $1.43M | ﹤0.01% |
38,719
+17,519
| +83% | +$609K |
|
|
PRMW
2100
CALL
DELISTED
Primo Water Corporation
PRMW
| $1.43M | ﹤0.01% |
100,000
| – | – |
|
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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.