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 | |
|---|---|---|---|---|---|---|
|
VIAB
2451
CALL
DELISTED
Viacom Inc. Class B
VIAB
| $690K | ﹤0.01% |
+18,100
| New | +$750K |
|
|
NSA
2452
DELISTED
National Storage Affiliates Trust
NSA
| $688K | ﹤0.01% |
+32,878
| New | +$688K |
|
2453
TriplePoint Venture Growth BDC
TPVG
$217M
| $683K | ﹤0.01% |
64,423
+21,058
| +49% | +$236K |
|
2454
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.9B
| $681K | ﹤0.01% |
15,588
-7,572
| -33% | -$332K |
|
|
CCC
2455
DELISTED
Calgon Carbon Corp
CCC
| $680K | ﹤0.01% |
44,794
-38,159
| -46% | -$542K |
|
2456
Sibanye-Stillwater
SBSW
$8.56B
| $676K | ﹤0.01% |
50,772
-307,715
| -86% | -$4.9M |
|
|
AFI
2457
DELISTED
Armstrong Flooring, Inc.
AFI
| $676K | ﹤0.01% |
+35,803
| New | +$684K |
|
|
SSRI
2458
DELISTED
Silver Standard Resources
SSRI
| $675K | ﹤0.01% |
+55,937
| New | +$755K |
|
2459
FormFactor
FORM
$8.44B
| $672K | ﹤0.01% |
61,979
+7,378
| +14% | +$74.3K |
|
2460
Abercrombie & Fitch
ANF
$6.56B
| $671K | ﹤0.01% |
42,218
-100,873
| -70% | -$1.95M |
|
|
IXYS
2461
DELISTED
IXYS Corp
IXYS
| $671K | ﹤0.01% |
55,661
-107,173
| -66% | -$1.22M |
|
2462
St. Joe Company
JOE
$3.94B
| $670K | ﹤0.01% |
36,446
+15,629
| +75% | +$291K |
|
2463
Tennant Co
TNC
$1.2B
| $661K | ﹤0.01% |
+10,200
| New | +$632K |
|
2464
Colliers International
CIGI
$5.34B
| $658K | ﹤0.01% |
15,635
+9,435
| +152% | +$385K |
|
2465
BOK Financial
BOKF
$8.41B
| $656K | ﹤0.01% |
9,510
+1,218
| +15% | +$80.8K |
|
|
TCP
2466
DELISTED
TC Pipelines LP
TCP
| $654K | ﹤0.01% |
11,459
-56,431
| -83% | -$3.05M |
|
|
BPMC
2467
DELISTED
Blueprint Medicines
BPMC
| $653K | ﹤0.01% |
+22,003
| New | +$547K |
|
2468
DHT Holdings
DHT
$2.95B
| $652K | ﹤0.01% |
155,638
-359,998
| -70% | -$1.67M |
|
2469
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.66B
| $650K | ﹤0.01% |
+14,026
| New | +$640K |
|
2470
Natural Gas Services Group
NGS
$448M
| $649K | ﹤0.01% |
26,412
-26,818
| -50% | -$652K |
|
|
SRG
2471
Seritage Growth Properties
SRG
$119M
| $648K | ﹤0.01% |
+12,787
| New | +$618K |
|
|
MEET
2472
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $644K | ﹤0.01% |
103,951
+87,310
| +525% | +$535K |
|
|
TROVW
2473
DELISTED
TrovaGene, Inc. Warrant
TROVW
| $642K | ﹤0.01% |
489,900
-18,200
| -4% | -$36.6K |
|
2474
Culp Inc
CULP
$43.6M
| $641K | ﹤0.01% |
+21,527
| New | +$636K |
|
2475
CALL
Community Health Systems
CYH
$412M
| $635K | ﹤0.01% |
+55,000
| New | +$634K |
|
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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.