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 | |
|---|---|---|---|---|---|---|
2276
GoPro
GPRO
$110M
| $830K | ﹤0.01% |
+69,369
| New | +$860K |
|
|
SNOW
2277
DELISTED
Intrawest Resorts Holdings, Inc.
SNOW
| $827K | ﹤0.01% |
96,742
-157,402
| -62% | -$1.3M |
|
2278
Inovio Pharmaceuticals
INO
$135M
| $826K | ﹤0.01% |
7,900
-50,229
| -86% | -$3.88M |
|
2279
Blackstone Mortgage Trust
BXMT
$2.35B
| $824K | ﹤0.01% |
30,666
-329,274
| -91% | -$8.3M |
|
|
ENZY
2280
DELISTED
Enzymotec Ltd
ENZY
| $817K | ﹤0.01% |
90,470
-10,000
| -10% | -$87.1K |
|
2281
Artesian Resources
ARTNA
$367M
| $816K | ﹤0.01% |
29,191
-86
| -0.3% | -$2.4K |
|
2282
First Trust Global Wind Energy ETF
FAN
$252M
| $815K | ﹤0.01% |
70,000
-20,000
| -22% | -$215K |
|
|
CSGS
2283
DELISTED
CSG Systems International
CSGS
| $809K | ﹤0.01% |
17,922
-163,462
| -90% | -$6.16M |
|
2284
CALL
Edgewell Personal Care
EPC
$1.32B
| $805K | ﹤0.01% |
10,000
| – | – |
|
2285
PUT
Methanex
MEOH
$4.41B
| $803K | ﹤0.01% |
+25,000
| New | +$743K |
|
2286
W.R. Berkley
WRB
$25.5B
| $799K | ﹤0.01% |
48,003
-2,012,131
| -98% | -$30.9M |
|
|
TNAV
2287
DELISTED
Telenav Inc.
TNAV
| $798K | ﹤0.01% |
135,233
+115,952
| +601% | +$669K |
|
|
FTRPR
2288
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $798K | ﹤0.01% |
7,647
+2,973
| +64% | +$278K |
|
2289
ArcBest
ARCB
$3.11B
| $797K | ﹤0.01% |
36,934
-307,827
| -89% | -$6.27M |
|
|
SSNI
2290
DELISTED
Silver Spring Networks, Inc.
SSNI
| $793K | ﹤0.01% |
53,795
-56,545
| -51% | -$706K |
|
|
BWLD
2291
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $788K | ﹤0.01% |
5,319
-246,364
| -98% | -$37.6M |
|
|
JKS
2292
JinkoSolar
JKS
$715M
| $784K | ﹤0.01% |
37,482
+28,298
| +308% | +$608K |
|
2293
PJT Partners
PJT
$4.47B
| $782K | ﹤0.01% |
+32,512
| New | +$838K |
|
2294
Alpha and Omega Semiconductor
AOSL
$790M
| $778K | ﹤0.01% |
65,665
+50,424
| +331% | +$532K |
|
|
GBNK
2295
DELISTED
Guaranty Bancorp
GBNK
| $777K | ﹤0.01% |
50,284
+20,006
| +66% | +$308K |
|
|
PZE
2296
DELISTED
Petrobras Argentina S A
PZE
| $777K | ﹤0.01% |
118,702
+8,748
| +8% | +$53.2K |
|
2297
TechTarget
TTGT
$278M
| $776K | ﹤0.01% |
104,532
+3,883
| +4% | +$28.8K |
|
|
CIT
2298
PUT
DELISTED
CIT Group Inc.
CIT
| $776K | ﹤0.01% |
+25,000
| New | +$788K |
|
|
SDLP
2299
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $775K | ﹤0.01% |
22,279
+3,296
| +17% | +$96.1K |
|
2300
CALL
Kohl's
KSS
$2.03B
| $774K | ﹤0.01% |
+16,600
| New | +$779K |
|
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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.