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 | |
|---|---|---|---|---|---|---|
2401
Syndax Pharmaceuticals
SNDX
$1.79B
| $628K | ﹤0.01% |
+47,114
| New | +$592K |
|
|
MODV
2402
DELISTED
ModivCare
MODV
| $626K | ﹤0.01% |
+12,256
| New | +$574K |
|
2403
AES
AES
$10.5B
| $625K | ﹤0.01% |
52,979
-21,099
| -28% | -$210K |
|
2404
Columbus McKinnon
CMCO
$519M
| $624K | ﹤0.01% |
+39,569
| New | +$585K |
|
2405
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $624K | ﹤0.01% |
4,956
+2,347
| +90% | +$293K |
|
2406
Mitek Systems
MITK
$801M
| $624K | ﹤0.01% |
95,442
-144,470
| -60% | -$740K |
|
|
CONN
2407
PUT
DELISTED
Conn's Inc.
CONN
| $623K | ﹤0.01% |
+50,000
| New | +$791K |
|
|
OKSB
2408
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $622K | ﹤0.01% |
41,309
+10,203
| +33% | +$161K |
|
|
OSB
2409
DELISTED
Norbord Inc.
OSB
| $621K | ﹤0.01% |
+31,163
| New | +$569K |
|
2410
Strategic Education
STRA
$1.89B
| $620K | ﹤0.01% |
+12,718
| New | +$627K |
|
|
GSS
2411
DELISTED
Golden Star Resources Ltd.
GSS
| $620K | ﹤0.01% |
272,027
-160,171
| -37% | -$254K |
|
|
XIN
2412
DELISTED
Xinyuan Real Estate
XIN
| $618K | ﹤0.01% |
+13,957
| New | +$524K |
|
|
TIER
2413
DELISTED
TIER REIT, Inc.
TIER
| $614K | ﹤0.01% |
+45,658
| New | +$644K |
|
|
SCNB
2414
DELISTED
Suffolk Bancorp
SCNB
| $613K | ﹤0.01% |
24,278
-10,512
| -30% | -$268K |
|
|
DRRX
2415
DELISTED
DURECT Corp
DRRX
| $612K | ﹤0.01% |
45,325
-12,905
| -22% | -$165K |
|
2416
Schwab US Large-Cap Growth ETF
SCHG
$62.3B
| $610K | ﹤0.01% |
93,144
-14,416
| -13% | -$89.4K |
|
2417
Oxford Industries
OXM
$579M
| $604K | ﹤0.01% |
8,978
+1,358
| +18% | +$92.5K |
|
2418
Distribution Solutions Group
DSGR
$1.61B
| $601K | ﹤0.01% |
61,364
-48,338
| -44% | -$460K |
|
2419
Global Net Lease
GNL
$2.11B
| $600K | ﹤0.01% |
+23,372
| New | +$533K |
|
|
USAK
2420
DELISTED
USA Truck Inc
USAK
| $600K | ﹤0.01% |
31,855
-58,480
| -65% | -$944K |
|
|
PCO
2421
DELISTED
Pendrell Corporation - Class A
PCO
| $600K | ﹤0.01% |
1,131
-109
| -9% | -$58.7K |
|
|
EGOV
2422
DELISTED
NIC Inc
EGOV
| $599K | ﹤0.01% |
33,209
-29,588
| -47% | -$534K |
|
2423
Scorpio Tankers
STNG
$3.75B
| $598K | ﹤0.01% |
10,265
-325,252
| -97% | -$19.3M |
|
|
EVOL
2424
DELISTED
Evolving Systems, Inc.
EVOL
| $598K | ﹤0.01% |
104,175
-587
| -0.6% | -$3.14K |
|
2425
Immersion
IMMR
$255M
| $597K | ﹤0.01% |
72,241
+43,240
| +149% | +$358K |
|
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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.