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 | |
|---|---|---|---|---|---|---|
|
DF
201
DELISTED
Dean Foods Company
DF
| $46.3M | 0.12% |
2,672,395
+1,110,527
| +71% | +$21M |
|
202
Progressive
PGR
$127B
| $46.2M | 0.12% |
+1,314,093
| New | +$42M |
|
203
Regeneron Pharmaceuticals
REGN
$85.9B
| $46M | 0.12% |
127,618
+3,759
| +3% | +$1.55M |
|
204
Tanger
SKT
$4.39B
| $45.3M | 0.11% |
1,243,878
-481,233
| -28% | -$15.9M |
|
205
Brookdale Senior Living
BKD
$2.82B
| $45.3M | 0.11% |
2,849,887
-84,149
| -3% | -$1.28M |
|
|
EE
206
DELISTED
El Paso Electric Company
EE
| $45.2M | 0.11% |
984,103
+138,274
| +16% | +$5.69M |
|
207
FedEx
FDX
$76.9B
| $44.8M | 0.11% |
275,034
+48,971
| +22% | +$6.81M |
|
208
Tapestry
TPR
$26B
| $44.8M | 0.11% |
1,116,313
+672,622
| +152% | +$24.4M |
|
209
AutoZone
AZO
$48.3B
| $44M | 0.11% |
55,277
-34,831
| -39% | -$26.3M |
|
210
McKesson
MCK
$100B
| $43.8M | 0.11% |
278,505
+94,706
| +52% | +$15.3M |
|
211
Ionis Pharmaceuticals
IONS
$9.93B
| $43.7M | 0.11% |
+1,078,089
| New | +$43.8M |
|
212
Popular Inc
BPOP
$10.8B
| $43.6M | 0.11% |
1,522,771
-656,491
| -30% | -$17.2M |
|
213
Bio-Rad Laboratories Class A
BIO
$10.2B
| $43.6M | 0.11% |
318,554
+79,129
| +33% | +$10.4M |
|
214
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $43.5M | 0.11% |
512,017
-122,389
| -19% | -$10.4M |
|
|
B
215
Barrick Mining
B
$78.3B
| $43.5M | 0.11% |
3,199,547
-1,258,958
| -28% | -$14.7M |
|
216
Nabors Industries
NBR
$1.37B
| $43.3M | 0.11% |
94,214
+60,930
| +183% | +$22.6M |
|
|
CAA
217
DELISTED
CalAtlantic Group, Inc.
CAA
| $43.3M | 0.11% |
1,296,576
+1,283,192
| +9,588% | +$40.1M |
|
218
Neurocrine Biosciences
NBIX
$15.5B
| $43.1M | 0.11% |
1,088,915
+31,292
| +3% | +$1.24M |
|
219
GSK
GSK
$105B
| $42.7M | 0.11% |
843,197
+333,071
| +65% | +$16.6M |
|
|
QTS
220
DELISTED
QTS REALTY TRUST, INC.
QTS
| $42.6M | 0.11% |
899,628
+525,714
| +141% | +$23.5M |
|
221
TJX Companies
TJX
$155B
| $42.5M | 0.11% |
1,084,138
-1,150,022
| -51% | -$41.7M |
|
|
MDVN
222
DELISTED
MEDIVATION, INC.
MDVN
| $42.5M | 0.11% |
923,597
-703,692
| -43% | -$25.5M |
|
223
Wabtec
WAB
$50.3B
| $42.3M | 0.11% |
533,091
-246,824
| -32% | -$17.1M |
|
224
Gen Digital
GEN
$17.3B
| $42.2M | 0.11% |
2,293,498
+2,098,722
| +1,078% | +$40.4M |
|
225
FirstEnergy
FE
$26.6B
| $41.9M | 0.1% |
1,165,287
-2,089,258
| -64% | -$70.2M |
|
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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.