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 |
ConocoPhillips
COP
|
+$164M |
| 2 |
PepsiCo
PEP
|
+$159M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$154M |
| 4 |
AT&T
T
|
+$145M |
| 5 |
Fidelity National Information Services
FIS
|
+$139M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$250M |
| 2 |
PPL
PPL Corp
PPL
|
+$240M |
| 3 |
Occidental Petroleum
OXY
|
+$222M |
| 4 |
Lowe's Companies
LOW
|
+$180M |
| 5 |
American Electric Power
AEP
|
+$170M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.84% |
| 2 | Energy | 10.39% |
| 3 | Technology | 9.45% |
| 4 | Consumer Discretionary | 8.96% |
| 5 | Financials | 8.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FLXN
2101
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $1.15M | ﹤0.01% |
+125,414
| New | +$1.52M |
|
2102
Installed Building Products
IBP
$6.56B
| $1.15M | ﹤0.01% |
+43,317
| New | +$955K |
|
|
CSW
2103
CSW Industrials
CSW
$5.26B
| $1.15M | ﹤0.01% |
+36,571
| New | +$1.17M |
|
2104
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.18B
| $1.15M | ﹤0.01% |
18,506
+13,134
| +244% | +$765K |
|
2105
Autohome
ATHM
$2.5B
| $1.14M | ﹤0.01% |
40,774
+29,626
| +266% | +$779K |
|
2106
Foster
FSTR
$401M
| $1.14M | ﹤0.01% |
62,652
+3,654
| +6% | +$48.7K |
|
|
CUTR
2107
DELISTED
Cutera, Inc.
CUTR
| $1.14M | ﹤0.01% |
101,047
+35,644
| +54% | +$405K |
|
|
BRSL
2108
Brightstar Lottery PLC
BRSL
$2.12B
| $1.14M | ﹤0.01% |
62,232
+20,660
| +50% | +$314K |
|
2109
Leggett & Platt
LEG
$1.27B
| $1.14M | ﹤0.01% |
23,453
-226,243
| -91% | -$9.8M |
|
2110
Hexcel
HXL
$7.08B
| $1.13M | ﹤0.01% |
25,953
-6,559
| -20% | -$276K |
|
|
BNCN
2111
DELISTED
BNC Bancorp
BNCN
| $1.13M | ﹤0.01% |
+53,716
| New | +$1.16M |
|
2112
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $1.13M | ﹤0.01% |
12,187
-10,644
| -47% | -$962K |
|
|
AD
2113
Array Digital Infrastructure
AD
$3.1B
| $1.13M | ﹤0.01% |
24,712
-20,041
| -45% | -$780K |
|
|
AUTO
2114
DELISTED
AutoWeb, Inc. Common Stock
AUTO
| $1.13M | ﹤0.01% |
+64,966
| New | +$1.16M |
|
|
AMWD
2115
DELISTED
American Woodmark
AMWD
| $1.13M | ﹤0.01% |
15,102
-61,024
| -80% | -$4.12M |
|
|
CALD
2116
DELISTED
Callidus Software, Inc.
CALD
| $1.12M | ﹤0.01% |
67,372
-244,776
| -78% | -$3.63M |
|
|
CRR
2117
DELISTED
Carbo Ceramics Inc.
CRR
| $1.12M | ﹤0.01% |
79,112
+50,486
| +176% | +$871K |
|
|
RENX
2118
DELISTED
RELX N.V.
RENX
| $1.12M | ﹤0.01% |
64,057
-17,063
| -21% | -$282K |
|
|
XNPT
2119
DELISTED
XENOPORT, INC.
XNPT
| $1.12M | ﹤0.01% |
248,496
-555,131
| -69% | -$2.56M |
|
2120
NETSCOUT
NTCT
$2.77B
| $1.12M | ﹤0.01% |
48,717
-16,686
| -26% | -$376K |
|
2121
iShares Russell 2000 Value ETF
IWN
$14.6B
| $1.12M | ﹤0.01% |
12,000
-21,969
| -65% | -$1.91M |
|
|
HMHC
2122
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.12M | ﹤0.01% |
56,045
+37,676
| +205% | +$694K |
|
|
CHFN
2123
DELISTED
Charter Financial Corp
CHFN
| $1.12M | ﹤0.01% |
82,804
+27,830
| +51% | +$371K |
|
|
CARB
2124
DELISTED
Carbonite Inc
CARB
| $1.11M | ﹤0.01% |
139,617
-68,045
| -33% | -$555K |
|
|
MR
2125
DELISTED
Montage Resources Corporation Common Stock
MR
| $1.11M | ﹤0.01% |
51,502
-260,265
| -83% | -$4.26M |
|
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Israel Englander's Q1 2016 Portfolio in Review
As of Q1 2016, Israel Englander held 4,057 positions worth $40B, down 16% from $47.6B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander withdrew a net $6.85B in Q1 2016, closing 847 positions and reducing 1,408 holdings. Its most notable exit was Walmart Inc, an estimated $142M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 13% a quarter earlier, followed by Energy and Technology.
Against the trend, Israel Englander opened a new position in ConocoPhillips worth $174M.
- Israel Englander's largest Q1 2016 buy was ConocoPhillips: 4,324,124 shares worth $174M.
- Israel Englander added most to PepsiCo in Q1 2016, an estimated $159M increase.
- Israel Englander's biggest Q1 2016 reduction was NextEra Energy, cutting an estimated $250M.
- Israel Englander fully exited Walmart Inc in Q1 2016, selling an estimated $142M.
- Israel Englander's ten largest holdings make up 11% of its $40B portfolio in Q1 2016.
- Israel Englander opened 691 new positions and closed 847 in Q1 2016.
- Israel Englander's portfolio value fell 16% quarter-over-quarter to $40B.
Based on Millennium Management's 13F filing for Q1 2016, filed 16 May 2016.