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 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2101
CALL
Kinder Morgan
KMI
$71.3B
| $1.49M | ﹤0.01% |
+100,000
| New | +$2.38M |
|
|
CBB
2102
DELISTED
Cincinnati Bell Inc.
CBB
| $1.49M | ﹤0.01% |
82,793
-41,948
| -34% | -$759K |
|
|
PPP
2103
DELISTED
Primero Mining Corp
PPP
| $1.49M | ﹤0.01% |
652,902
-802,136
| -55% | -$1.92M |
|
|
IPCC
2104
DELISTED
Infinity Property & Casualty C
IPCC
| $1.49M | ﹤0.01% |
+18,093
| New | +$1.48M |
|
|
CRAY
2105
DELISTED
Cray, Inc.
CRAY
| $1.48M | ﹤0.01% |
45,732
+27,173
| +146% | +$800K |
|
2106
Encore Capital Group
ECPG
$2.12B
| $1.48M | ﹤0.01% |
51,007
+42,584
| +506% | +$1.47M |
|
|
STBZ
2107
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $1.48M | ﹤0.01% |
70,329
+9,240
| +15% | +$201K |
|
2108
Travelers Companies
TRV
$77.4B
| $1.48M | ﹤0.01% |
13,092
-121,020
| -90% | -$13.4M |
|
|
VXZ
2109
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| $1.48M | ﹤0.01% |
33,141
-24,096
| -42% | -$1.09M |
|
|
RFP
2110
DELISTED
Resolute Forest Products Inc.
RFP
| $1.47M | ﹤0.01% |
193,850
-181,424
| -48% | -$1.48M |
|
2111
MGIC Investment
MTG
$6.42B
| $1.46M | ﹤0.01% |
165,829
-2,426,725
| -94% | -$22.8M |
|
|
EXAC
2112
DELISTED
Exactech Inc
EXAC
| $1.46M | ﹤0.01% |
80,539
+62,934
| +357% | +$1.12M |
|
|
TOWR
2113
DELISTED
Tower International, Inc.
TOWR
| $1.46M | ﹤0.01% |
51,079
-113,200
| -69% | -$3.18M |
|
|
CMO
2114
DELISTED
Capstead Mortgage Corp.
CMO
| $1.46M | ﹤0.01% |
166,604
+61,491
| +58% | +$593K |
|
2115
CALL
Kraft Heinz
KHC
$29.4B
| $1.46M | ﹤0.01% |
+20,000
| New | +$1.48M |
|
2116
NewMarket
NEU
$8.51B
| $1.45M | ﹤0.01% |
3,820
-484
| -11% | -$188K |
|
2117
TriplePoint Venture Growth BDC
TPVG
$217M
| $1.45M | ﹤0.01% |
121,586
-145,465
| -54% | -$1.66M |
|
|
HABT
2118
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $1.45M | ﹤0.01% |
62,903
-47,231
| -43% | -$1.12M |
|
|
VIA
2119
DELISTED
Viacom Inc. Class A
VIA
| $1.45M | ﹤0.01% |
+32,943
| New | +$1.61M |
|
2120
Clean Harbors
CLH
$16.6B
| $1.44M | ﹤0.01% |
34,669
-10,300
| -23% | -$448K |
|
|
VRE
2121
DELISTED
Veris Residential
VRE
| $1.44M | ﹤0.01% |
61,781
-528,601
| -90% | -$11.8M |
|
|
XYZ
2122
Block Inc
XYZ
$49.9B
| $1.43M | ﹤0.01% |
+109,000
| New | +$1.34M |
|
2123
Synaptics
SYNA
$3.74B
| $1.42M | ﹤0.01% |
17,694
-187,402
| -91% | -$15.9M |
|
2124
PC Connection
CNXN
$2B
| $1.42M | ﹤0.01% |
62,734
+24,793
| +65% | +$542K |
|
2125
Evercore
EVR
$11.2B
| $1.42M | ﹤0.01% |
26,236
-565,510
| -96% | -$30.5M |
|
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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 $5.89B 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 Financials.
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.