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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.98B | 4.94% |
9,619,000
+232,200
| +2% | +$45.3M |
|
|
YHOO
2
DELISTED
Yahoo Inc
YHOO
| $358M | 0.9% |
9,731,925
+2,161,079
| +29% | +$67.7M |
|
3
PG&E
PCG
$38.8B
| $322M | 0.81% |
5,394,567
+1,544,692
| +40% | +$86.1M |
|
|
DISH
4
DELISTED
DISH Network Corp.
DISH
| $302M | 0.75% |
6,528,678
+459,221
| +8% | +$22.1M |
|
5
Pinnacle West Capital
PNW
$11.8B
| $279M | 0.7% |
3,714,859
-167,245
| -4% | -$11.4M |
|
6
Merck
MRK
$376B
| $241M | 0.6% |
4,775,189
+475,519
| +11% | +$23.3M |
|
|
7
PepsiCo
PEP
$196B
| $239M | 0.6% |
2,336,587
+1,607,246
| +220% | +$159M |
|
8
Meta Platforms (Facebook)
META
$1.4T
| $233M | 0.58% |
2,046,226
-1,439,669
| -41% | -$152M |
|
|
9
American Electric Power
AEP
$65.8B
| $230M | 0.57% |
3,459,645
-2,752,810
| -44% | -$170M |
|
10
Biogen
BIIB
$32B
| $216M | 0.54% |
830,983
-219,701
| -21% | -$58M |
|
|
11
NextEra Energy
NEE
$174B
| $210M | 0.52% |
7,086,284
-8,895,948
| -56% | -$250M |
|
|
12
Fidelity National Information Services
FIS
$21.3B
| $208M | 0.52% |
3,286,013
+2,315,528
| +239% | +$139M |
|
13
Expedia Group
EXPE
$38.6B
| $204M | 0.51% |
1,895,161
+190,149
| +11% | +$20.3M |
|
14
Sempra
SRE
$54.2B
| $192M | 0.48% |
3,686,346
+639,572
| +21% | +$30.8M |
|
|
15
AT&T
T
$173B
| $191M | 0.48% |
6,447,785
+5,217,766
| +424% | +$145M |
|
|
LVLT
16
DELISTED
Level 3 Communications Inc
LVLT
| $187M | 0.47% |
3,544,474
-2,290,259
| -39% | -$113M |
|
17
Kraft Heinz
KHC
$30.3B
| $181M | 0.45% |
2,300,270
+569,622
| +33% | +$42.6M |
|
|
APC
18
DELISTED
Anadarko Petroleum
APC
| $180M | 0.45% |
3,870,960
+3,804,962
| +5,765% | +$154M |
|
19
Alphabet (Google) Class A
GOOGL
$4.22T
| $178M | 0.45% |
4,679,400
-993,720
| -18% | -$36.6M |
|
20
Microsoft
MSFT
$3.59T
| $176M | 0.44% |
3,180,447
+946,384
| +42% | +$49.6M |
|
|
21
ConocoPhillips
COP
$162B
| $174M | 0.44% |
+4,324,124
| New | +$164M |
|
|
RTN
22
DELISTED
Raytheon Company
RTN
| $173M | 0.43% |
1,409,158
+522,063
| +59% | +$64.3M |
|
23
Visa
V
$693B
| $171M | 0.43% |
2,239,526
+632,147
| +39% | +$45.9M |
|
24
Apple
AAPL
$4.51T
| $168M | 0.42% |
6,147,844
-2,601,652
| -30% | -$64.8M |
|
|
WR
25
DELISTED
Westar Energy Inc
WR
| $161M | 0.4% |
3,253,610
+25,956
| +0.8% | +$1.16M |
|
Similar funds
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.