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 | |
|---|---|---|---|---|---|---|
2326
M&T Bank
MTB
$34.5B
| $888K | ﹤0.01% |
+7,652
| New | +$889K |
|
|
DCP
2327
DELISTED
DCP Midstream, LP
DCP
| $885K | ﹤0.01% |
+25,054
| New | +$854K |
|
2328
iShares US Telecommunications ETF
IYZ
$1.29B
| $877K | ﹤0.01% |
+27,223
| New | +$897K |
|
|
NGD
2329
DELISTED
New Gold Inc
NGD
| $875K | ﹤0.01% |
201,171
-80,615
| -29% | -$402K |
|
|
POLY
2330
DELISTED
Plantronics, Inc.
POLY
| $875K | ﹤0.01% |
16,843
-130,749
| -89% | -$6.43M |
|
2331
eHealth
EHTH
$37.2M
| $874K | ﹤0.01% |
77,989
-66,404
| -46% | -$781K |
|
2332
Opko Health
OPK
$1.12B
| $874K | ﹤0.01% |
82,545
-820,228
| -91% | -$8.17M |
|
|
PDLI
2333
DELISTED
PDL BioPharma, Inc.
PDLI
| $873K | ﹤0.01% |
260,589
-333,189
| -56% | -$1.06M |
|
2334
CAE Inc
CAE
$8B
| $872K | ﹤0.01% |
61,231
-20,582
| -25% | -$280K |
|
2335
Power Integrations
POWI
$3.09B
| $871K | ﹤0.01% |
27,652
+3,162
| +13% | +$89.9K |
|
|
YRD
2336
Yiren Digital
YRD
$93.6M
| $870K | ﹤0.01% |
+36,720
| New | +$865K |
|
|
ACET
2337
CALL
DELISTED
Aceto Corp
ACET
| $860K | ﹤0.01% |
+45,300
| New | +$1.03M |
|
2338
AC Immune
ACIU
$269M
| $858K | ﹤0.01% |
+52,121
| New | +$901K |
|
|
OCLR
2339
CALL
DELISTED
Oclaro Inc.
OCLR
| $855K | ﹤0.01% |
+100,000
| New | +$695K |
|
|
QIWI
2340
DELISTED
QIWI PLC
QIWI
| $854K | ﹤0.01% |
58,301
+2,200
| +4% | +$29.9K |
|
2341
Westlake Corp
WLK
$9.46B
| $851K | ﹤0.01% |
15,909
-366,714
| -96% | -$17.7M |
|
|
AERI
2342
PUT
DELISTED
Aerie Pharmaceuticals
AERI
| $849K | ﹤0.01% |
+22,500
| New | +$496K |
|
2343
Twilio
TWLO
$37.1B
| $847K | ﹤0.01% |
13,153
-153,514
| -92% | -$7.67M |
|
|
HW
2344
CALL
DELISTED
Headwaters Inc
HW
| $846K | ﹤0.01% |
+50,000
| New | +$922K |
|
|
TEF
2345
DELISTED
Telefonica
TEF
| $841K | ﹤0.01% |
107,335
+8,933
| +9% | +$69.2K |
|
2346
CALL
VF Corp
VFC
$5.36B
| $841K | ﹤0.01% |
+15,930
| New | +$920K |
|
|
DPLO
2347
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $840K | ﹤0.01% |
+30,000
| New | +$1.01M |
|
2348
NatWest
NWG
$73.2B
| $838K | ﹤0.01% |
167,078
+53,235
| +47% | +$284K |
|
2349
Artivion
AORT
$1.3B
| $837K | ﹤0.01% |
47,632
-83,750
| -64% | -$1.27M |
|
2350
Dime Commercial Bancshares
DCOM
$1.78B
| $837K | ﹤0.01% |
+29,267
| New | +$861K |
|
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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.