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 | |
|---|---|---|---|---|---|---|
2226
NMI Holdings
NMIH
$3.39B
| $910K | ﹤0.01% |
180,284
+48,922
| +37% | +$255K |
|
2227
Guidewire Software
GWRE
$15.8B
| $909K | ﹤0.01% |
+16,683
| New | +$872K |
|
|
PERY
2228
DELISTED
Perry Ellis International Inc
PERY
| $907K | ﹤0.01% |
49,287
-211,390
| -81% | -$3.86M |
|
|
TUMI
2229
PUT
DELISTED
TUMI HLDGS INC COM
TUMI
| $904K | ﹤0.01% |
+33,700
| New | +$684K |
|
2230
Future Fuel
FF
$238M
| $902K | ﹤0.01% |
76,474
-65,690
| -46% | -$804K |
|
2231
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$443M
| $901K | ﹤0.01% |
+26,071
| New | +$861K |
|
2232
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.8B
| $900K | ﹤0.01% |
+10,349
| New | +$878K |
|
|
AXLL
2233
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $900K | ﹤0.01% |
41,206
-2,361,110
| -98% | -$41.6M |
|
2234
Lloyds Banking Group
LYG
$87.6B
| $899K | ﹤0.01% |
227,488
-248,977
| -52% | -$964K |
|
|
JE
2235
DELISTED
Just Energy Group Inc
JE
| $895K | ﹤0.01% |
4,560
+1,851
| +68% | +$377K |
|
|
PDM
2236
Piedmont Realty Trust
PDM
$1.24B
| $894K | ﹤0.01% |
44,009
+16,426
| +60% | +$306K |
|
2237
Shenandoah Telecom
SHEN
$682M
| $894K | ﹤0.01% |
33,415
-55,443
| -62% | -$1.27M |
|
2238
Quaker Houghton
KWR
$2.83B
| $893K | ﹤0.01% |
10,520
-11,139
| -51% | -$850K |
|
2239
FIVE9
FIVN
$2.38B
| $891K | ﹤0.01% |
100,246
-291,761
| -74% | -$2.29M |
|
2240
Jabil
JBL
$32.7B
| $891K | ﹤0.01% |
46,225
-318,372
| -87% | -$6.42M |
|
2241
Korea Electric Power
KEP
$15.7B
| $890K | ﹤0.01% |
34,566
-160,306
| -82% | -$3.66M |
|
|
KG
2242
Kestrel Group
KG
$58.7M
| $889K | ﹤0.01% |
3,434
+1,847
| +116% | +$479K |
|
|
TUP
2243
DELISTED
Tupperware Brands Corporation
TUP
| $888K | ﹤0.01% |
+15,324
| New | +$790K |
|
|
AGN
2244
DELISTED
Allergan plc
AGN
| $887K | ﹤0.01% |
3,309
-137,350
| -98% | -$39.3M |
|
2245
Village Super Market
VLGEA
$653M
| $884K | ﹤0.01% |
+36,599
| New | +$906K |
|
|
ESL
2246
DELISTED
Esterline Technologies
ESL
| $884K | ﹤0.01% |
13,791
-293,778
| -96% | -$19.3M |
|
|
AAAP
2247
DELISTED
Advanced Accelerator Applications S.A.
AAAP
| $883K | ﹤0.01% |
25,215
-25,899
| -51% | -$776K |
|
2248
CALL
Puma Biotechnology
PBYI
$469M
| $881K | ﹤0.01% |
+30,000
| New | +$1.36M |
|
|
IMMU
2249
DELISTED
Immunomedics Inc
IMMU
| $877K | ﹤0.01% |
+350,697
| New | +$789K |
|
2250
Freshpet
FRPT
$3.59B
| $874K | ﹤0.01% |
119,260
+95,991
| +413% | +$670K |
|
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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.