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 |
Merck
MRK
|
+$216M |
| 2 |
Apple
AAPL
|
+$215M |
| 3 |
KeyCorp
KEY
|
+$212M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$210M |
| 5 |
Synchrony
SYF
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$1.82B |
| 2 |
Comcast
CMCSA
|
+$427M |
| 3 |
Amazon
AMZN
|
+$418M |
| 4 |
SLB Ltd
SLB
|
+$312M |
| 5 |
Ameren
AEE
|
+$257M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.36% |
| 2 | Energy | 10.86% |
| 3 | Financials | 9.53% |
| 4 | Consumer Discretionary | 9.42% |
| 5 | Technology | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.91B | 4.02% |
9,386,800
+137,500
| +1% | +$28.2M |
|
2
NextEra Energy
NEE
$174B
| $415M | 0.87% |
15,982,232
+6,667,768
| +72% | +$169M |
|
3
Meta Platforms (Facebook)
META
$1.4T
| $365M | 0.77% |
3,485,895
+811,343
| +30% | +$83.3M |
|
4
American Electric Power
AEP
$65.8B
| $362M | 0.76% |
6,212,455
+260,909
| +4% | +$14.8M |
|
|
PPL
5
PPL Corp
PPL
$25.9B
| $362M | 0.76% |
10,603,270
-721,360
| -6% | -$24.3M |
|
|
DISH
6
DELISTED
DISH Network Corp.
DISH
| $347M | 0.73% |
6,069,457
+1,306,705
| +27% | +$80.1M |
|
7
Biogen
BIIB
$32B
| $322M | 0.68% |
1,050,684
+425,850
| +68% | +$122M |
|
|
LVLT
8
DELISTED
Level 3 Communications Inc
LVLT
| $317M | 0.67% |
5,834,733
+786,557
| +16% | +$39.4M |
|
|
NBL
9
DELISTED
Noble Energy, Inc.
NBL
| $294M | 0.62% |
8,925,279
-3,362,975
| -27% | -$118M |
|
|
PXD
10
DELISTED
Pioneer Natural Resource Co.
PXD
| $271M | 0.57% |
2,161,452
+941,301
| +77% | +$129M |
|
|
11
KeyCorp
KEY
$23.3B
| $260M | 0.55% |
19,683,164
+16,199,740
| +465% | +$212M |
|
|
YHOO
12
DELISTED
Yahoo Inc
YHOO
| $252M | 0.53% |
7,570,846
+1,573,190
| +26% | +$52.5M |
|
13
Pinnacle West Capital
PNW
$11.8B
| $250M | 0.53% |
3,882,104
+2,593,802
| +201% | +$165M |
|
14
Occidental Petroleum
OXY
$61.3B
| $242M | 0.51% |
3,585,308
+45,626
| +1% | +$3.28M |
|
15
McDonald's
MCD
$192B
| $242M | 0.51% |
2,045,449
-484,715
| -19% | -$54.2M |
|
16
Amgen
AMGN
$238B
| $241M | 0.51% |
1,485,378
-80,943
| -5% | -$12.7M |
|
|
17
Apple
AAPL
$4.51T
| $230M | 0.48% |
8,749,496
+7,511,844
| +607% | +$215M |
|
|
18
Alphabet (Google) Class A
GOOGL
$4.22T
| $221M | 0.46% |
+5,673,120
| New | +$210M |
|
19
Lowe's Companies
LOW
$121B
| $220M | 0.46% |
2,894,723
+612,412
| +27% | +$45.5M |
|
20
Conagra Brands
CAG
$7.89B
| $218M | 0.46% |
6,657,397
+1,531,006
| +30% | +$48.9M |
|
|
NFX
21
DELISTED
Newfield Exploration
NFX
| $218M | 0.46% |
6,685,409
+2,616,873
| +64% | +$97.5M |
|
|
22
Merck
MRK
$376B
| $217M | 0.46% |
4,299,670
+4,289,190
| +40,927% | +$216M |
|
23
Expedia Group
EXPE
$38.6B
| $212M | 0.45% |
1,705,012
-55,091
| -3% | -$6.98M |
|
24
PG&E
PCG
$38.8B
| $205M | 0.43% |
3,849,875
+2,895,285
| +303% | +$154M |
|
|
25
Synchrony
SYF
$25.9B
| $198M | 0.42% |
+6,511,704
| New | +$204M |
|
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Israel Englander's Q4 2015 Portfolio in Review
As of Q4 2015, Israel Englander held 4,144 positions worth $47.6B, down 7.9% from $51.6B the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Israel Englander withdrew a net $5.89B in Q4 2015, closing 778 positions and reducing 1,349 holdings. Its most notable exit was Illumina, an estimated $86.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
Against the trend, Israel Englander opened a new position in Alphabet (Google) Class A worth $221M.
- Israel Englander's largest Q4 2015 buy was Alphabet (Google) Class A: 5,673,120 shares worth $221M.
- Israel Englander added most to Merck in Q4 2015, an estimated $216M increase.
- Israel Englander's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $1.82B.
- Israel Englander fully exited Illumina in Q4 2015, selling an estimated $86.9M.
- Israel Englander's ten largest holdings make up 10% of its $47.6B portfolio in Q4 2015.
- Israel Englander opened 733 new positions and closed 778 in Q4 2015.
- Israel Englander's portfolio value fell 7.9% quarter-over-quarter to $47.6B.
Based on Millennium Management's 13F filing for Q4 2015, filed 16 Feb 2016.