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 | |
|---|---|---|---|---|---|---|
2176
Covenant Logistics
CVLG
$902M
| $1.2M | ﹤0.01% |
+123,946
| New | +$1.25M |
|
2177
LG Display
LPL
$3.34B
| $1.2M | ﹤0.01% |
+94,071
| New | +$1.25M |
|
2178
ICICI Bank
IBN
$107B
| $1.2M | ﹤0.01% |
+175,908
| New | +$1.23M |
|
2179
Wolverine World Wide
WWW
$1.62B
| $1.19M | ﹤0.01% |
+51,855
| New | +$1.21M |
|
2180
National Bank Holdings
NBHC
$1.84B
| $1.19M | ﹤0.01% |
50,955
+6,053
| +13% | +$134K |
|
|
TOWR
2181
DELISTED
Tower International, Inc.
TOWR
| $1.19M | ﹤0.01% |
49,430
+20,426
| +70% | +$468K |
|
2182
iShares US Basic Materials ETF
IYM
$1.05B
| $1.19M | ﹤0.01% |
15,042
+6,126
| +69% | +$486K |
|
2183
Sunstone Hotel Investors
SHO
$2.08B
| $1.19M | ﹤0.01% |
92,775
-100,255
| -52% | -$1.31M |
|
|
PRMW
2184
DELISTED
Primo Water Corporation
PRMW
| $1.19M | ﹤0.01% |
97,877
-26,003
| -21% | -$306K |
|
|
LKM
2185
DELISTED
Link Motion Inc.
LKM
| $1.19M | ﹤0.01% |
+310,391
| New | +$1.19M |
|
|
IPXL
2186
DELISTED
Impax Laboratories, Inc.
IPXL
| $1.19M | ﹤0.01% |
50,000
-293,809
| -85% | -$7.9M |
|
2187
World Kinect Corp
WKC
$1.83B
| $1.18M | ﹤0.01% |
25,573
-84,288
| -77% | -$3.89M |
|
2188
Huron Consulting
HURN
$2.54B
| $1.18M | ﹤0.01% |
+19,775
| New | +$1.22M |
|
|
CNCE
2189
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $1.18M | ﹤0.01% |
116,962
-167,459
| -59% | -$1.83M |
|
|
OMN
2190
DELISTED
OMNOVA Solutions Inc.
OMN
| $1.18M | ﹤0.01% |
140,061
-4,116
| -3% | -$38.3K |
|
2191
Radware
RDWR
$1.24B
| $1.18M | ﹤0.01% |
85,934
+58,753
| +216% | +$765K |
|
2192
Columbia Sportswear
COLM
$2.91B
| $1.18M | ﹤0.01% |
+20,762
| New | +$1.18M |
|
2193
Cal-Maine
CALM
$3.72B
| $1.18M | ﹤0.01% |
30,504
-13,217
| -30% | -$569K |
|
2194
United States Natural Gas Fund
UNG
$525M
| $1.18M | ﹤0.01% |
+8,786
| New | +$1.16M |
|
2195
PUT
Puma Biotechnology
PBYI
$477M
| $1.17M | ﹤0.01% |
17,500
-107,500
| -86% | -$5.44M |
|
2196
Helmerich & Payne
HP
$4.24B
| $1.17M | ﹤0.01% |
+17,417
| New | +$1.09M |
|
2197
Vanguard Morningstar Large-Cap ETF
VV
$54.4B
| $1.17M | ﹤0.01% |
11,820
+1,111
| +10% | +$110K |
|
|
JONE
2198
DELISTED
Jones Energy, Inc.
JONE
| $1.17M | ﹤0.01% |
17,864
+11,573
| +184% | +$715K |
|
|
HIMX
2199
Himax Technologies
HIMX
$2.45B
| $1.16M | ﹤0.01% |
135,433
-1,198,763
| -90% | -$11.2M |
|
|
LVLT
2200
CALL
DELISTED
Level 3 Communications Inc
LVLT
| $1.16M | ﹤0.01% |
+25,000
| New | +$1.26M |
|
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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.