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 | |
|---|---|---|---|---|---|---|
|
TA
2426
DELISTED
TravelCenters of America LLC
TA
| $597K | ﹤0.01% |
17,643
-26,448
| -60% | -$1.02M |
|
2427
Independence Realty Trust
IRT
$3.92B
| $595K | ﹤0.01% |
83,632
+67,840
| +430% | +$456K |
|
2428
OceanFirst Financial
OCFC
$1.84B
| $595K | ﹤0.01% |
33,629
+21,034
| +167% | +$369K |
|
|
FOE
2429
CALL
DELISTED
Ferro Corporation
FOE
| $594K | ﹤0.01% |
+50,000
| New | +$502K |
|
2430
Element Solutions
ESI
$8.78B
| $591K | ﹤0.01% |
68,728
-68,071
| -50% | -$537K |
|
2431
Corvus Pharmaceuticals
CRVS
$1.24B
| $590K | ﹤0.01% |
+40,701
| New | +$584K |
|
|
CIO
2432
DELISTED
City Office REIT
CIO
| $588K | ﹤0.01% |
+51,602
| New | +$611K |
|
2433
PennantPark Floating Rate Capital
PFLT
$731M
| $587K | ﹤0.01% |
50,200
-37,365
| -43% | -$416K |
|
|
MXIM
2434
DELISTED
Maxim Integrated Products
MXIM
| $586K | ﹤0.01% |
15,941
-127,143
| -89% | -$4.27M |
|
|
DEA
2435
Easterly Government Properties
DEA
$1.17B
| $585K | ﹤0.01% |
12,625
+128
| +1% | +$5.57K |
|
2436
Nomura Holdings
NMR
$29.4B
| $585K | ﹤0.01% |
131,651
-65,149
| -33% | -$308K |
|
2437
iShares MSCI ACWI ETF
ACWI
$33.3B
| $582K | ﹤0.01% |
10,379
+3,341
| +47% | +$177K |
|
|
SHLD
2438
DELISTED
Sears Holding Corporation
SHLD
| $580K | ﹤0.01% |
37,871
+2,054
| +6% | +$34.8K |
|
|
NTK
2439
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $579K | ﹤0.01% |
11,993
-4,544
| -27% | -$186K |
|
2440
Baytex Energy
BTE
$3.27B
| $578K | ﹤0.01% |
145,468
-327,190
| -69% | -$857K |
|
2441
Eagle Bancorp
EGBN
$842M
| $578K | ﹤0.01% |
12,042
+4,010
| +50% | +$189K |
|
|
VA
2442
PUT
DELISTED
Virgin America Inc.
VA
| $578K | ﹤0.01% |
+15,000
| New | +$467K |
|
|
HPY
2443
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $577K | ﹤0.01% |
5,975
-11,695
| -66% | -$1.08M |
|
2444
Tempest Therapeutics
TPST
$17.9M
| $576K | ﹤0.01% |
21
+14
| +200% | +$296K |
|
2445
Universal Corp
UVV
$1.16B
| $576K | ﹤0.01% |
10,138
+3,400
| +50% | +$185K |
|
|
MN
2446
DELISTED
MANNING & NAPIER, INC.
MN
| $576K | ﹤0.01% |
71,401
+29,711
| +71% | +$219K |
|
2447
UFP Industries
UFPI
$4.76B
| $567K | ﹤0.01% |
19,806
-424,158
| -96% | -$10.1M |
|
|
SBR
2448
Sabine Royalty Trust
SBR
$1.07B
| $565K | ﹤0.01% |
19,093
+8,371
| +78% | +$254K |
|
|
LBY
2449
DELISTED
Libbey, Inc.
LBY
| $565K | ﹤0.01% |
30,389
+5,987
| +25% | +$105K |
|
2450
Aaon
AAON
$6.58B
| $564K | ﹤0.01% |
30,221
-6,729
| -18% | -$103K |
|
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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.