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 | |
|---|---|---|---|---|---|---|
|
ESPR
2251
DELISTED
Esperion Therapeutics
ESPR
| $1.03M | ﹤0.01% |
+74,598
| New | +$845K |
|
|
AVG
2252
DELISTED
AVG Technologies N.V.
AVG
| $1.03M | ﹤0.01% |
41,300
-73,142
| -64% | -$1.79M |
|
|
AGEN
2253
CALL
Agenus
AGEN
$352M
| $1.03M | ﹤0.01% |
+7,311
| New | +$838K |
|
|
SRDX
2254
DELISTED
Surmodics
SRDX
| $1.03M | ﹤0.01% |
34,235
+25,313
| +284% | +$696K |
|
|
EVRI
2255
DELISTED
Everi Holdings
EVRI
| $1.03M | ﹤0.01% |
416,665
-75,094
| -15% | -$149K |
|
|
XCRA
2256
DELISTED
Xcerra Corporation
XCRA
| $1.02M | ﹤0.01% |
+167,681
| New | +$987K |
|
|
FMI
2257
DELISTED
Foundation Medicine, Inc.
FMI
| $1M | ﹤0.01% |
43,052
-213,611
| -83% | -$4.85M |
|
|
PSTB
2258
DELISTED
Park Sterling Corp.
PSTB
| $1M | ﹤0.01% |
123,685
-72,167
| -37% | -$573K |
|
2259
Luxfer Holdings
LXFR
$459M
| $1M | ﹤0.01% |
86,400
-17,831
| -17% | -$207K |
|
|
GST
2260
DELISTED
Gastar Exploration Inc.
GST
| $1M | ﹤0.01% |
1,184,516
+377,793
| +47% | +$353K |
|
2261
Roper Technologies
ROP
$41.8B
| $999K | ﹤0.01% |
5,473
-57,153
| -91% | -$9.97M |
|
2262
CALL
Celanese
CE
$4.92B
| $998K | ﹤0.01% |
+15,000
| New | +$981K |
|
|
CLCD
2263
DELISTED
CoLucid Pharmaceuticals, Inc.
CLCD
| $997K | ﹤0.01% |
+26,135
| New | +$386K |
|
2264
ProQR Therapeutics
PRQR
$327M
| $996K | ﹤0.01% |
149,268
-38,598
| -21% | -$212K |
|
|
MENT
2265
DELISTED
Mentor Graphics Corp
MENT
| $993K | ﹤0.01% |
37,544
-227,773
| -86% | -$5.17M |
|
2266
PUT
Community Health Systems
CYH
$413M
| $992K | ﹤0.01% |
+86,000
| New | +$992K |
|
|
AIMC
2267
DELISTED
Altra Industrial Motion Corp
AIMC
| $991K | ﹤0.01% |
34,204
-73,999
| -68% | -$2.09M |
|
2268
Rogers Corp
ROG
$2.31B
| $989K | ﹤0.01% |
16,185
-104,405
| -87% | -$6.34M |
|
2269
iShares Select Dividend ETF
DVY
$23.8B
| $988K | ﹤0.01% |
11,527
-7,143
| -38% | -$617K |
|
2270
United Parks & Resorts
PRKS
$1.93B
| $988K | ﹤0.01% |
+73,327
| New | +$1M |
|
2271
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$276M
| $987K | ﹤0.01% |
56,244
-38,256
| -40% | -$620K |
|
|
TA
2272
DELISTED
TravelCenters of America LLC
TA
| $987K | ﹤0.01% |
27,565
+3,326
| +14% | +$125K |
|
|
FIT
2273
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $987K | ﹤0.01% |
66,532
-348,667
| -84% | -$5.08M |
|
2274
Adeia
ADEA
$2.89B
| $986K | ﹤0.01% |
96,961
-1,276,287
| -93% | -$11.2M |
|
2275
Heritage Financial
HFWA
$1.17B
| $986K | ﹤0.01% |
54,930
-2,681
| -5% | -$47.9K |
|
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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.