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 |
Amazon
AMZN
|
+$278M |
| 2 |
Charter Communications
CHTR
|
+$218M |
| 3 |
Exelon
EXC
|
+$197M |
| 4 |
Halliburton
HAL
|
+$192M |
| 5 |
AET
Aetna Inc
AET
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$241M |
| 2 |
DISH
DISH Network Corp.
DISH
|
+$235M |
| 3 |
Expedia Group
EXPE
|
+$188M |
| 4 |
AT&T
T
|
+$181M |
| 5 |
WR
Westar Energy Inc
WR
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.7% |
| 2 | Energy | 10.37% |
| 3 | Financials | 9.65% |
| 4 | Technology | 8.63% |
| 5 | Industrials | 8.19% |
| 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
| $2.01B | 4.59% |
9,581,400
-37,600
| -0.4% | -$7.8M |
|
2
American Electric Power
AEP
$65.8B
| $378M | 0.87% |
5,398,604
+1,938,959
| +56% | +$127M |
|
3
PG&E
PCG
$38.8B
| $307M | 0.7% |
4,807,777
-586,790
| -11% | -$35.1M |
|
4
Boston Scientific
BSX
$73B
| $299M | 0.68% |
12,793,495
+6,422,029
| +101% | +$139M |
|
5
Xcel Energy
XEL
$47.7B
| $295M | 0.68% |
6,588,314
+3,872,637
| +143% | +$160M |
|
|
6
Amazon
AMZN
$2.79T
| $295M | 0.67% |
+8,232,420
| New | +$278M |
|
7
Meta Platforms (Facebook)
META
$1.4T
| $289M | 0.66% |
2,530,615
+484,389
| +24% | +$55.8M |
|
8
Pinnacle West Capital
PNW
$11.8B
| $278M | 0.64% |
3,426,259
-288,600
| -8% | -$21.5M |
|
9
NextEra Energy
NEE
$174B
| $269M | 0.62% |
8,254,520
+1,168,236
| +16% | +$35.1M |
|
|
10
Exelon
EXC
$45.1B
| $268M | 0.61% |
10,339,779
+7,948,686
| +332% | +$197M |
|
|
11
Charter Communications
CHTR
$17.9B
| $266M | 0.61% |
1,164,161
+1,015,421
| +683% | +$218M |
|
|
PXD
12
DELISTED
Pioneer Natural Resource Co.
PXD
| $238M | 0.54% |
1,573,354
+473,652
| +43% | +$74.3M |
|
13
PepsiCo
PEP
$196B
| $238M | 0.54% |
2,244,156
-92,431
| -4% | -$9.54M |
|
|
14
Halliburton
HAL
$29.4B
| $220M | 0.5% |
4,860,806
+4,677,357
| +2,550% | +$192M |
|
15
Marathon Petroleum
MPC
$101B
| $217M | 0.5% |
5,718,221
+3,801,762
| +198% | +$140M |
|
16
DaVita
DVA
$11.1B
| $212M | 0.48% |
2,740,177
+1,521,975
| +125% | +$115M |
|
17
Applied Materials
AMAT
$391B
| $205M | 0.47% |
8,568,662
+4,458,071
| +108% | +$98.3M |
|
18
Biogen
BIIB
$32B
| $195M | 0.45% |
804,978
-26,005
| -3% | -$6.85M |
|
|
AET
19
DELISTED
Aetna Inc
AET
| $193M | 0.44% |
1,584,297
+1,503,617
| +1,864% | +$173M |
|
20
CMS Energy
CMS
$21.4B
| $183M | 0.42% |
3,996,985
+1,837,576
| +85% | +$77.2M |
|
|
PE
21
DELISTED
PARSLEY ENERGY INC
PE
| $182M | 0.42% |
6,739,103
+510,965
| +8% | +$12.7M |
|
|
EMC
22
DELISTED
EMC CORPORATION
EMC
| $179M | 0.41% |
6,595,100
+3,702,934
| +128% | +$100M |
|
23
Molson Coors Class B
TAP
$8.01B
| $178M | 0.41% |
1,756,047
+497,000
| +39% | +$48.9M |
|
24
Sempra
SRE
$54.2B
| $177M | 0.4% |
3,096,320
-590,026
| -16% | -$31.3M |
|
|
EGN
25
DELISTED
Energen
EGN
| $176M | 0.4% |
3,643,166
+604,442
| +20% | +$26.3M |
|
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Israel Englander's Q2 2016 Portfolio in Review
As of Q2 2016, Israel Englander held 3,988 positions worth $43.7B, up 9.2% from $40B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $1.99B of net new capital in Q2 2016, opening 776 new positions and adding to 1,172 existing holdings. Its largest new stake was Amazon: 8,232,420 shares worth $295M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Yahoo Inc, an estimated $241M trimmed.
- Israel Englander's largest Q2 2016 buy was Amazon: 8,232,420 shares worth $295M.
- Israel Englander added most to Charter Communications in Q2 2016, an estimated $218M increase.
- Israel Englander's biggest Q2 2016 reduction was Yahoo Inc, cutting an estimated $241M.
- Israel Englander fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $108M.
- Israel Englander's ten largest holdings make up 11% of its $43.7B portfolio in Q2 2016.
- Israel Englander opened 776 new positions and closed 860 in Q2 2016.
- Israel Englander's portfolio value rose 9.2% quarter-over-quarter to $43.7B.
Based on Millennium Management's 13F filing for Q2 2016, filed 15 Aug 2016.