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 | |
|---|---|---|---|---|---|---|
|
CONE
201
DELISTED
CyrusOne Inc Common Stock
CONE
| $55.7M | 0.12% |
1,488,117
-871,431
| -37% | -$30.8M |
|
|
SF
202
Stifel
SF
$12.2B
| $55.6M | 0.12% |
2,954,862
+328,912
| +13% | +$6.39M |
|
203
Textron
TXT
$14.3B
| $55.5M | 0.12% |
1,321,744
+847,754
| +179% | +$35M |
|
204
Wabtec
WAB
$50.3B
| $55.5M | 0.12% |
779,915
+736,682
| +1,704% | +$58.8M |
|
205
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $55.5M | 0.12% |
218,273
+169,507
| +348% | +$44.1M |
|
206
Canadian Solar
CSIQ
$988M
| $55.2M | 0.12% |
1,906,928
-746,752
| -28% | -$17.2M |
|
|
EQC
207
DELISTED
Equity Commonwealth
EQC
| $55.1M | 0.12% |
1,986,034
+739,973
| +59% | +$20.7M |
|
208
Nike
NKE
$60.5B
| $55.1M | 0.12% |
881,085
+322,127
| +58% | +$20.8M |
|
|
PF
209
DELISTED
Pinnacle Foods, Inc.
PF
| $55M | 0.12% |
1,296,490
-999,469
| -44% | -$42.8M |
|
|
FMER
210
DELISTED
FIRSTMERIT CORP
FMER
| $55M | 0.12% |
2,949,514
+2,236,110
| +313% | +$42.6M |
|
|
BECN
211
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $54.8M | 0.12% |
1,330,882
+1,207,038
| +975% | +$46.2M |
|
212
L3Harris
LHX
$49.7B
| $54.7M | 0.12% |
629,368
+123,165
| +24% | +$9.92M |
|
|
IOC
213
DELISTED
Interoil Corporation
IOC
| $54.7M | 0.11% |
1,739,383
-512,544
| -23% | -$18.8M |
|
214
CME Group
CME
$98.9B
| $54.4M | 0.11% |
600,859
+179,458
| +43% | +$16.9M |
|
215
Brookdale Senior Living
BKD
$2.82B
| $54.2M | 0.11% |
2,934,036
+1,057,035
| +56% | +$22.8M |
|
216
Eagle Materials
EXP
$6.35B
| $53.8M | 0.11% |
890,749
+371,502
| +72% | +$24.8M |
|
217
Hartford Financial Services
HIG
$36.9B
| $53.6M | 0.11% |
1,232,688
-2,486,129
| -67% | -$114M |
|
|
CTXS
218
DELISTED
Citrix Systems Inc
CTXS
| $53.6M | 0.11% |
889,202
-60,087
| -6% | -$3.69M |
|
219
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $53.5M | 0.11% |
634,406
-98,080
| -13% | -$8.31M |
|
|
MRD
220
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $53.3M | 0.11% |
3,302,448
-3,681,726
| -53% | -$61.5M |
|
|
ACHN
221
DELISTED
Achillion Pharmaceuticals
ACHN
| $52.7M | 0.11% |
4,880,327
+4,548,098
| +1,369% | +$41.3M |
|
222
Keurig Dr Pepper
KDP
$43.6B
| $52.6M | 0.11% |
564,260
-245,466
| -30% | -$21.8M |
|
|
AIV
223
Aimco
AIV
$381M
| $52.4M | 0.11% |
9,822,803
+3,340,828
| +52% | +$17.2M |
|
|
SWFT
224
DELISTED
Swift Transportation Company
SWFT
| $52.3M | 0.11% |
3,784,915
+1,941,098
| +105% | +$29.6M |
|
225
Regency Centers
REG
$13.9B
| $51.7M | 0.11% |
759,664
+121,021
| +19% | +$8.05M |
|
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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.