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 | |
|---|---|---|---|---|---|---|
2276
CALL
Delta Air Lines
DAL
$53.4B
| $984K | ﹤0.01% |
25,000
-260,000
| -91% | -$9.84M |
|
2277
News Corp Class A
NWSA
$16.8B
| $984K | ﹤0.01% |
70,364
-1,244,380
| -95% | -$16.4M |
|
|
ARE.PRD
2278
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
| $982K | ﹤0.01% |
+27,600
| New | +$968K |
|
|
SPPI
2279
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $980K | ﹤0.01% |
209,939
-141,860
| -40% | -$840K |
|
|
PRA
2280
DELISTED
ProAssurance
PRA
| $977K | ﹤0.01% |
18,617
+13,238
| +246% | +$702K |
|
2281
WesBanco
WSBC
$3.88B
| $976K | ﹤0.01% |
29,681
-67,963
| -70% | -$2.16M |
|
2282
Center Bancorp
CNOB
$1.61B
| $975K | ﹤0.01% |
54,010
-53,725
| -50% | -$932K |
|
2283
Senseonics Holdings Inc
SENS
$497M
| $975K | ﹤0.01% |
+12,500
| New | +$945K |
|
|
OKS
2284
DELISTED
Oneok Partners LP
OKS
| $971K | ﹤0.01% |
24,297
+7,942
| +49% | +$317K |
|
|
ENZ
2285
DELISTED
Enzo Biochem, Inc.
ENZ
| $969K | ﹤0.01% |
190,416
-3,550
| -2% | -$21.2K |
|
|
SUPV
2286
Grupo Supervielle
SUPV
$735M
| $959K | ﹤0.01% |
64,761
-235,165
| -78% | -$3.23M |
|
2287
Marcus Corp
MCS
$905M
| $954K | ﹤0.01% |
38,104
-12,273
| -24% | -$281K |
|
2288
CALL
Ironwood Pharmaceuticals
IRWD
$701M
| $953K | ﹤0.01% |
+71,640
| New | +$838K |
|
2289
Future Fuel
FF
$228M
| $948K | ﹤0.01% |
84,053
-32,340
| -28% | -$368K |
|
|
LIOX
2290
DELISTED
Lionbridge Technologies
LIOX
| $947K | ﹤0.01% |
189,306
+41,710
| +28% | +$195K |
|
2291
American Coastal Insurance
ACIC
$446M
| $943K | ﹤0.01% |
55,515
+45,140
| +435% | +$716K |
|
2292
CALL
Norwegian Cruise Line
NCLH
$7.65B
| $943K | ﹤0.01% |
25,000
-35,000
| -58% | -$1.36M |
|
|
DRD
2293
DRDGold
DRD
$2.6B
| $940K | ﹤0.01% |
+189,841
| New | +$1.3M |
|
2294
iShares US Technology ETF
IYW
$25.6B
| $940K | ﹤0.01% |
31,600
-10,676
| -25% | -$306K |
|
|
XOXO
2295
DELISTED
Xo Group Inc
XOXO
| $937K | ﹤0.01% |
48,487
-74,684
| -61% | -$1.38M |
|
2296
Aecom
ACM
$8.52B
| $934K | ﹤0.01% |
31,421
-25,150
| -44% | -$811K |
|
|
SIX
2297
DELISTED
Six Flags Entertainment Corp.
SIX
| $931K | ﹤0.01% |
+17,359
| New | +$933K |
|
2298
iShares MSCI Switzerland ETF
EWL
$2.42B
| $930K | ﹤0.01% |
30,449
+17,875
| +142% | +$540K |
|
2299
Las Vegas Sands
LVS
$28.7B
| $930K | ﹤0.01% |
16,165
-161,885
| -91% | -$8.34M |
|
2300
Vanguard Materials ETF
VAW
$3.12B
| $930K | ﹤0.01% |
8,695
+1,051
| +14% | +$113K |
|
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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.