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 | |
|---|---|---|---|---|---|---|
|
ATCO
2201
DELISTED
Atlas Corp.
ATCO
| $1.16M | ﹤0.01% |
86,894
+71,235
| +455% | +$1.03M |
|
2202
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.77B
| $1.15M | ﹤0.01% |
+7,500
| New | +$1.08M |
|
2203
Hooker Furnishings Corp
HOFT
$145M
| $1.15M | ﹤0.01% |
+46,966
| New | +$1.12M |
|
|
KRA
2204
DELISTED
Kraton Corporation
KRA
| $1.15M | ﹤0.01% |
32,815
-198,429
| -86% | -$6.35M |
|
2205
ProShares Ultra QQQ
QLD
$14.2B
| $1.14M | ﹤0.01% |
+211,456
| New | +$1.08M |
|
|
TBRG
2206
DELISTED
TruBridge
TBRG
| $1.14M | ﹤0.01% |
43,554
-30,009
| -41% | -$942K |
|
|
SRCLP
2207
DELISTED
Stericycle, Inc
SRCLP
| $1.14M | ﹤0.01% |
+17,124
| New | +$1.27M |
|
|
ARI
2208
Apollo Commercial Real Estate
ARI
$887M
| $1.13M | ﹤0.01% |
+69,052
| New | +$1.13M |
|
2209
Ennis
EBF
$543M
| $1.13M | ﹤0.01% |
67,084
+42,393
| +172% | +$729K |
|
2210
PUT
Geron
GERN
$983M
| $1.13M | ﹤0.01% |
+500,000
| New | +$1.3M |
|
|
DTLK
2211
DELISTED
Datalink Corp
DTLK
| $1.13M | ﹤0.01% |
106,291
+84,591
| +390% | +$801K |
|
2212
United Fire Group
UFCS
$1.39B
| $1.13M | ﹤0.01% |
26,579
-44,118
| -62% | -$1.88M |
|
|
VNET
2213
VNET Group
VNET
$1.89B
| $1.13M | ﹤0.01% |
141,503
+75,133
| +113% | +$693K |
|
|
VGR
2214
DELISTED
Vector Group Ltd.
VGR
| $1.13M | ﹤0.01% |
85,279
+48,376
| +131% | +$631K |
|
2215
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.23B
| $1.12M | ﹤0.01% |
+42,999
| New | +$1.13M |
|
|
FNHC
2216
DELISTED
FedNat Holding Company Common Stock
FNHC
| $1.12M | ﹤0.01% |
59,931
-17,614
| -23% | -$334K |
|
2217
Clean Harbors
CLH
$16.5B
| $1.11M | ﹤0.01% |
23,234
+10,706
| +85% | +$531K |
|
|
SASR
2218
DELISTED
Sandy Spring Bancorp Inc
SASR
| $1.11M | ﹤0.01% |
+36,326
| New | +$1.1M |
|
|
IQNT
2219
DELISTED
Inteliquent, Inc.
IQNT
| $1.11M | ﹤0.01% |
68,809
+47,285
| +220% | +$830K |
|
2220
Portland General Electric
POR
$5.86B
| $1.11M | ﹤0.01% |
26,033
-140,960
| -84% | -$6.11M |
|
2221
Orion
OEC
$354M
| $1.11M | ﹤0.01% |
59,130
-3,855
| -6% | -$67.4K |
|
2222
Resources Connection
RGP
$147M
| $1.1M | ﹤0.01% |
73,984
+33,993
| +85% | +$507K |
|
2223
CALL
JetBlue
JBLU
$1.85B
| $1.1M | ﹤0.01% |
64,000
-370,000
| -85% | -$6.32M |
|
2224
Arbor Realty Trust
ABR
$938M
| $1.1M | ﹤0.01% |
147,707
+114,851
| +350% | +$850K |
|
|
WLL
2225
CALL
DELISTED
Whiting Petroleum Corporation
WLL
| $1.09M | ﹤0.01% |
418
-616
| -60% | -$1.44M |
|
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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.