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 |
American Electric Power
AEP
|
+$300M |
| 2 |
NBL
Noble Energy, Inc.
NBL
|
+$274M |
| 3 |
DTE Energy
DTE
|
+$243M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$215M |
| 5 |
Ameren
AEE
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$231M |
| 2 |
Dominion Energy
D
|
+$185M |
| 3 |
Hilton Worldwide
HLT
|
+$157M |
| 4 |
Microsoft
MSFT
|
+$155M |
| 5 |
CSX Corp
CSX
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.88% |
| 2 | Energy | 11.87% |
| 3 | Financials | 9.18% |
| 4 | Consumer Discretionary | 8.98% |
| 5 | Industrials | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAA
226
DELISTED
CalAtlantic Group, Inc.
CAA
| $56.2M | 0.1% |
1,249,500
+954,620
| +324% | +$38M |
|
|
QLIK
227
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $56.2M | 0.1% |
1,803,980
-35,288
| -2% | -$1.08M |
|
228
Jack in the Box
JACK
$331M
| $55.9M | 0.1% |
583,143
+289,638
| +99% | +$26.3M |
|
|
PEGI
229
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $55.9M | 0.1% |
1,972,982
+508,131
| +35% | +$14.3M |
|
230
ScottsMiracle-Gro
SMG
$3.55B
| $55.7M | 0.1% |
828,718
+172,258
| +26% | +$11.2M |
|
231
Newmont
NEM
$139B
| $55.6M | 0.1% |
2,559,312
+106,930
| +4% | +$2.5M |
|
232
Lear
LEA
$8.56B
| $55.5M | 0.1% |
500,394
+310,522
| +164% | +$32.6M |
|
233
Antero Resources
AR
$11.7B
| $55.3M | 0.1% |
1,565,620
+1,257,594
| +408% | +$47.2M |
|
|
VAL
234
DELISTED
Valspar
VAL
| $55.2M | 0.1% |
657,232
+267,903
| +69% | +$23.1M |
|
235
Ralph Lauren
RL
$22.2B
| $55.2M | 0.1% |
419,580
+301,309
| +255% | +$44.6M |
|
236
Essex Property Trust
ESS
$18.6B
| $55.1M | 0.1% |
239,587
+200,934
| +520% | +$45.5M |
|
|
FITB
237
Fifth Third Bancorp
FITB
$49.7B
| $54.9M | 0.1% |
2,910,957
-3,754,702
| -56% | -$70.8M |
|
238
Weyerhaeuser
WY
$17.6B
| $54.8M | 0.1% |
1,652,676
+289,813
| +21% | +$10.1M |
|
239
Alliant Energy
LNT
$17.6B
| $54.6M | 0.1% |
1,733,902
+796,278
| +85% | +$25.9M |
|
|
IPG
240
DELISTED
Interpublic Group of Companies
IPG
| $54.5M | 0.1% |
2,462,910
+1,247,697
| +103% | +$26.5M |
|
241
ON Semiconductor
ON
$28.9B
| $54.5M | 0.1% |
4,496,953
+4,360,486
| +3,195% | +$50M |
|
242
Ally Financial
ALLY
$13.1B
| $54.2M | 0.1% |
2,583,173
-2,394,181
| -48% | -$50.4M |
|
243
DexCom
DXCM
$34.8B
| $54.1M | 0.1% |
3,470,664
+2,825,816
| +438% | +$42.7M |
|
|
PMT
244
PennyMac Mortgage Investment
PMT
$815M
| $54M | 0.1% |
2,538,632
+105,025
| +4% | +$2.27M |
|
245
FedEx
FDX
$76.9B
| $53.9M | 0.1% |
326,025
-112,499
| -26% | -$19.5M |
|
|
CXO
246
DELISTED
CONCHO RESOURCES INC.
CXO
| $53.7M | 0.1% |
462,843
+178,020
| +63% | +$19.4M |
|
247
Adobe
ADBE
$109B
| $53.4M | 0.1% |
722,569
-809,957
| -53% | -$60.4M |
|
|
VISN
248
Vistance Networks Inc
VISN
$2.59B
| $53.3M | 0.1% |
1,868,567
+907,700
| +94% | +$25.3M |
|
249
Lumen
LUMN
$6.13B
| $53M | 0.1% |
1,533,186
+371,293
| +32% | +$13.9M |
|
|
DF
250
DELISTED
Dean Foods Company
DF
| $52.9M | 0.1% |
3,199,448
+3,183,366
| +19,795% | +$54.6M |
|
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Israel Englander's Q1 2015 Portfolio in Review
As of Q1 2015, Israel Englander held 4,613 positions worth $53.7B, up 14% from $47.2B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $5.19B of net new capital in Q1 2015, opening 744 new positions and adding to 1,445 existing holdings. Its largest new stake was DTE Energy: 3,384,348 shares worth $232M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 15% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Pioneer Natural Resource Co., an estimated $231M trimmed.
- Israel Englander's largest Q1 2015 buy was DTE Energy: 3,384,348 shares worth $232M.
- Israel Englander added most to American Electric Power in Q1 2015, an estimated $300M increase.
- Israel Englander's biggest Q1 2015 reduction was Pioneer Natural Resource Co., cutting an estimated $231M.
- Israel Englander fully exited Seadrill Limited Common Stock in Q1 2015, selling an estimated $110M.
- Israel Englander's ten largest holdings make up 11% of its $53.7B portfolio in Q1 2015.
- Israel Englander opened 744 new positions and closed 1,104 in Q1 2015.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $53.7B.
Based on Millennium Management's 13F filing for Q1 2015, filed 15 May 2015.