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 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2401
Xencor
XNCR
$2.11B
| $764K | ﹤0.01% |
31,177
-349,832
| -92% | -$7.4M |
|
|
MZTI
2402
The Marzetti Company
MZTI
$3.1B
| $762K | ﹤0.01% |
+5,766
| New | +$752K |
|
2403
Invesco S&P 500 Pure Value ETF
RPV
$1.75B
| $761K | ﹤0.01% |
14,387
-1,703
| -11% | -$89.7K |
|
2404
American Water Works
AWK
$27.3B
| $760K | ﹤0.01% |
10,161
-1,163
| -10% | -$90.9K |
|
2405
Republic Services
RSG
$68B
| $757K | ﹤0.01% |
15,005
-344,131
| -96% | -$17.6M |
|
2406
Sony
SONY
$141B
| $754K | ﹤0.01% |
+113,490
| New | +$727K |
|
|
CLR
2407
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $753K | ﹤0.01% |
14,497
-150,531
| -91% | -$7M |
|
2408
SuperCom
SPCB
$67.8M
| $752K | ﹤0.01% |
1,096
| – | – |
|
2409
BHP
BHP
$245B
| $751K | ﹤0.01% |
24,292
-312,744
| -93% | -$8.59M |
|
2410
Safety Insurance
SAFT
$1.52B
| $751K | ﹤0.01% |
11,179
-6,979
| -38% | -$455K |
|
|
WSR
2411
DELISTED
Whitestone REIT
WSR
| $751K | ﹤0.01% |
54,112
-131,945
| -71% | -$1.97M |
|
2412
Peapack-Gladstone Financial
PGC
$801M
| $748K | ﹤0.01% |
33,367
-5,821
| -15% | -$118K |
|
2413
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$831M
| $745K | ﹤0.01% |
47,900
+6,220
| +15% | +$97.6K |
|
2414
CALL
Signet Jewelers
SIG
$3.25B
| $745K | ﹤0.01% |
+10,000
| New | +$846K |
|
2415
Leggett & Platt
LEG
$1.26B
| $741K | ﹤0.01% |
+16,255
| New | +$835K |
|
|
BKCC
2416
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $740K | ﹤0.01% |
89,400
+12,323
| +16% | +$103K |
|
2417
Global X MLP ETF
MLPA
$2.37B
| $739K | ﹤0.01% |
10,613
+2,470
| +30% | +$171K |
|
|
FCB
2418
DELISTED
FCB Financial Holdings, Inc.
FCB
| $735K | ﹤0.01% |
19,128
-170,268
| -90% | -$6.28M |
|
|
NSM
2419
DELISTED
Nationstar Mortgage Holdings
NSM
| $735K | ﹤0.01% |
49,622
-15,677
| -24% | -$223K |
|
2420
Argan
AGX
$6.38B
| $734K | ﹤0.01% |
12,401
-57,150
| -82% | -$2.8M |
|
2421
State Street SPDR S&P Regional Banking ETF
KRE
$4.05B
| $732K | ﹤0.01% |
17,311
-34,784
| -67% | -$1.42M |
|
|
ARA
2422
DELISTED
American Renal Associates Holdings, Inc
ARA
| $732K | ﹤0.01% |
40,053
+5,155
| +15% | +$116K |
|
|
ANAT
2423
DELISTED
American National Group, Inc. Common Stock
ANAT
| $731K | ﹤0.01% |
5,992
+416
| +7% | +$48K |
|
2424
Adtran
ADTN
$645M
| $729K | ﹤0.01% |
38,092
-239,676
| -86% | -$4.42M |
|
|
NM
2425
DELISTED
Navios Maritime Holdings Inc.
NM
| $729K | ﹤0.01% |
60,216
-21,368
| -26% | -$224K |
|
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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 $13.4B 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 Healthcare and Energy.
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.