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 | |
|---|---|---|---|---|---|---|
2326
Bassett Furniture
BSET
$165M
| $738K | ﹤0.01% |
23,157
-81,185
| -78% | -$2.4M |
|
|
CIVI
2327
DELISTED
Civitas Resources
CIVI
| $738K | ﹤0.01% |
4,160
-17,950
| -81% | -$4.75M |
|
|
CALL
2328
DELISTED
magicJack VocalTec Ltd
CALL
| $738K | ﹤0.01% |
112,536
+61,858
| +122% | +$475K |
|
2329
Ezcorp Inc
EZPW
$2.08B
| $734K | ﹤0.01% |
246,975
+153,996
| +166% | +$481K |
|
|
CUNB
2330
DELISTED
CU Bancorp
CUNB
| $733K | ﹤0.01% |
+34,645
| New | +$774K |
|
|
PHIIK
2331
DELISTED
PHI, Inc. Non-Voting Common Stock
PHIIK
| $724K | ﹤0.01% |
38,343
-44,014
| -53% | -$775K |
|
2332
Digital Turbine
APPS
$1.31B
| $723K | ﹤0.01% |
607,845
-92,155
| -13% | -$109K |
|
2333
Kelly Services Class A
KELYA
$590M
| $723K | ﹤0.01% |
37,822
+542
| +1% | +$9.02K |
|
|
LDL
2334
DELISTED
Lydall, Inc.
LDL
| $721K | ﹤0.01% |
22,158
-54,188
| -71% | -$1.59M |
|
2335
Park Aerospace
PKE
$714M
| $719K | ﹤0.01% |
44,939
+34,456
| +329% | +$513K |
|
2336
Cytokinetics
CYTK
$11B
| $718K | ﹤0.01% |
101,891
-277,691
| -73% | -$2.03M |
|
2337
uniQure
QURE
$3.53B
| $716K | ﹤0.01% |
60,285
-242,628
| -80% | -$3.58M |
|
2338
State Street Materials Select Sector SPDR ETF
XLB
$8.9B
| $716K | ﹤0.01% |
31,940
-3,878
| -11% | -$80.3K |
|
2339
Consolidated Water Co
CWCO
$481M
| $715K | ﹤0.01% |
58,786
+21,396
| +57% | +$240K |
|
2340
Gran Tierra Energy
GTE
$357M
| $714K | ﹤0.01% |
28,923
-256,840
| -90% | -$5.96M |
|
|
TBRG
2341
DELISTED
TruBridge
TBRG
| $712K | ﹤0.01% |
+13,670
| New | +$724K |
|
|
NUTR
2342
DELISTED
Nutraceutical International Co
NUTR
| $711K | ﹤0.01% |
29,202
+6,900
| +31% | +$167K |
|
|
CMO
2343
DELISTED
Capstead Mortgage Corp.
CMO
| $706K | ﹤0.01% |
71,404
-95,200
| -57% | -$885K |
|
2344
TFS Financial
TFSL
$5.03B
| $704K | ﹤0.01% |
40,557
+26,214
| +183% | +$448K |
|
|
ARAV
2345
DELISTED
Aravive, Inc. Common Stock
ARAV
| $701K | ﹤0.01% |
14,559
+8,667
| +147% | +$460K |
|
2346
PennyMac Financial
PFSI
$3.79B
| $700K | ﹤0.01% |
59,519
+20,718
| +53% | +$249K |
|
2347
TriplePoint Venture Growth BDC
TPVG
$217M
| $700K | ﹤0.01% |
66,706
-54,880
| -45% | -$565K |
|
2348
Illumina
ILMN
$34B
| $698K | ﹤0.01% |
+4,427
| New | +$677K |
|
2349
Medifast
MED
$137M
| $697K | ﹤0.01% |
23,079
-102,400
| -82% | -$2.99M |
|
|
DF
2350
CALL
DELISTED
Dean Foods Company
DF
| $693K | ﹤0.01% |
+40,000
| New | +$756K |
|
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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.