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 | |
|---|---|---|---|---|---|---|
|
XLRN
2376
DELISTED
Acceleron Pharma
XLRN
| $660K | ﹤0.01% |
25,000
-677,177
| -96% | -$19.7M |
|
2377
Seacoast Banking Corp of Florida
SBCF
$3.33B
| $658K | ﹤0.01% |
41,662
-106,456
| -72% | -$1.58M |
|
|
ABAX
2378
DELISTED
Abaxis Inc
ABAX
| $658K | ﹤0.01% |
14,492
-61,496
| -81% | -$2.73M |
|
|
BZUN
2379
Baozun
BZUN
$164M
| $652K | ﹤0.01% |
111,622
+81,446
| +270% | +$494K |
|
|
FFWM
2380
DELISTED
First Foundation Inc
FFWM
| $650K | ﹤0.01% |
57,918
+4,682
| +9% | +$51.5K |
|
2381
Cracker Barrel
CBRL
$1.31B
| $646K | ﹤0.01% |
4,233
+1,038
| +32% | +$143K |
|
2382
Teradyne
TER
$56.8B
| $646K | ﹤0.01% |
29,921
-340,405
| -92% | -$6.66M |
|
2383
Tronox
TROX
$874M
| $645K | ﹤0.01% |
100,970
+43,879
| +77% | +$195K |
|
|
AGFS
2384
DELISTED
AgroFresh Solutions Inc
AGFS
| $645K | ﹤0.01% |
100,794
+33,994
| +51% | +$185K |
|
2385
Edgewell Personal Care
EPC
$1.32B
| $644K | ﹤0.01% |
7,991
-849,856
| -99% | -$65.1M |
|
|
CBM
2386
DELISTED
Cambrex Corporation
CBM
| $644K | ﹤0.01% |
14,645
-150,808
| -91% | -$5.95M |
|
|
FFG
2387
DELISTED
FBL Financial Group
FFG
| $641K | ﹤0.01% |
+10,420
| New | +$613K |
|
2388
CALL
TherapeuticsMD
TXMD
$26.4M
| $640K | ﹤0.01% |
2,000
-9,284
| -82% | -$3.17M |
|
|
EXAC
2389
DELISTED
Exactech Inc
EXAC
| $640K | ﹤0.01% |
31,602
-48,937
| -61% | -$919K |
|
2390
Harmonic Inc
HLIT
$1.36B
| $639K | ﹤0.01% |
195,362
+152,686
| +358% | +$500K |
|
|
ZPIN
2391
DELISTED
Zhaopin Limited
ZPIN
| $639K | ﹤0.01% |
40,231
-40,393
| -50% | -$625K |
|
2392
Commault Systems
CVLT
$5.57B
| $638K | ﹤0.01% |
14,790
-158,046
| -91% | -$5.85M |
|
2393
Republic Bancorp
RBCAA
$1.85B
| $637K | ﹤0.01% |
24,660
+7,834
| +47% | +$198K |
|
2394
Teck Resources
TECK
$34.9B
| $637K | ﹤0.01% |
83,770
-667,422
| -89% | -$3.61M |
|
2395
Travelzoo
TZOO
$69.2M
| $637K | ﹤0.01% |
78,492
-83,527
| -52% | -$649K |
|
|
LEJU
2396
DELISTED
Leju Holdings Limited American Depositary Shares, each representing ten (10) Ordinary Shares
LEJU
| $636K | ﹤0.01% |
12,202
-20,097
| -62% | -$902K |
|
|
PAMT
2397
PAMT Corp
PAMT
$258M
| $632K | ﹤0.01% |
82,068
-50,152
| -38% | -$344K |
|
|
LOCK
2398
DELISTED
LifeLock, Inc.
LOCK
| $630K | ﹤0.01% |
52,195
-485,585
| -90% | -$5.73M |
|
2399
Resources Connection
RGP
$145M
| $629K | ﹤0.01% |
40,400
-115,592
| -74% | -$1.68M |
|
|
TYG
2400
Tortoise Energy Infrastructure Corp
TYG
$1.1B
| $629K | ﹤0.01% |
+6,390
| New | +$603K |
|
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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.