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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.58% |
| 2 | Energy | 11.62% |
| 3 | Consumer Discretionary | 8.89% |
| 4 | Financials | 8.63% |
| 5 | Technology | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SRNE
2651
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $492K | ﹤0.01% |
58,627
-74,643
| -56% | -$1.19M |
|
2652
Digi International
DGII
$2.88B
| $485K | ﹤0.01% |
41,123
+26,617
| +183% | +$271K |
|
2653
Frontline
FRO
$9.68B
| $485K | ﹤0.01% |
36,077
+2,962
| +9% | +$39.7K |
|
2654
Rush Enterprises Class B
RUSHB
$8.44B
| $485K | ﹤0.01% |
46,771
-16,002
| -25% | -$163K |
|
2655
Wayfair
W
$14.3B
| $485K | ﹤0.01% |
+13,828
| New | +$530K |
|
|
LKM
2656
DELISTED
Link Motion Inc.
LKM
| $485K | ﹤0.01% |
+146,500
| New | +$540K |
|
2657
Sinclair Inc
SBGI
$1.06B
| $484K | ﹤0.01% |
19,103
-244,639
| -93% | -$6.74M |
|
|
RTK
2658
DELISTED
Rentech, Inc.
RTK
| $482K | ﹤0.01% |
86,041
+17,373
| +25% | +$131K |
|
2659
Tucows
TCX
$101M
| $481K | ﹤0.01% |
+20,794
| New | +$542K |
|
|
VVC
2660
DELISTED
Vectren Corporation
VVC
| $481K | ﹤0.01% |
11,452
-244,994
| -96% | -$9.97M |
|
2661
Comtech Telecommunications
CMTL
$53M
| $480K | ﹤0.01% |
23,313
+8,641
| +59% | +$237K |
|
2662
Ecopetrol
EC
$34.5B
| $479K | ﹤0.01% |
+55,660
| New | +$577K |
|
2663
Reinsurance Group of America
RGA
$16B
| $476K | ﹤0.01% |
5,257
-47,228
| -90% | -$4.44M |
|
2664
iShares US Transportation ETF
IYT
$2.28B
| $475K | ﹤0.01% |
13,580
-3,896
| -22% | -$142K |
|
|
LAYN
2665
DELISTED
Layne Christensen Co
LAYN
| $474K | ﹤0.01% |
72,879
-214,476
| -75% | -$1.63M |
|
|
FFNW
2666
DELISTED
First Financial Northwest, Inc
FFNW
| $471K | ﹤0.01% |
38,941
+13,042
| +50% | +$161K |
|
|
AUTO
2667
DELISTED
AutoWeb, Inc. Common Stock
AUTO
| $471K | ﹤0.01% |
28,100
-37,704
| -57% | -$642K |
|
2668
VanEck Retail ETF
RTH
$256M
| $470K | ﹤0.01% |
+6,386
| New | +$488K |
|
|
CNV
2669
DELISTED
CNOVA N.V.
CNV
| $470K | ﹤0.01% |
155,773
-34,403
| -18% | -$161K |
|
|
PVBC
2670
DELISTED
Provident Bancorp
PVBC
| $468K | ﹤0.01% |
+76,366
| New | +$477K |
|
|
BRSS
2671
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $468K | ﹤0.01% |
22,800
-43,091
| -65% | -$793K |
|
2672
Galicia Financial Group
GGAL
$7.1B
| $466K | ﹤0.01% |
26,141
-195,072
| -88% | -$3.79M |
|
2673
Golar LNG
GLNG
$5.31B
| $466K | ﹤0.01% |
16,700
-950,047
| -98% | -$36.8M |
|
2674
QuickLogic
QUIK
$208M
| $466K | ﹤0.01% |
20,928
+2,138
| +11% | +$44.7K |
|
|
ARAV
2675
DELISTED
Aravive, Inc. Common Stock
ARAV
| $466K | ﹤0.01% |
+6,735
| New | +$632K |
|
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Israel Englander's Q3 2015 Portfolio in Review
As of Q3 2015, Israel Englander held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Israel Englander deployed $5.12B of net new capital in Q3 2015, opening 839 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 15% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Israel Englander's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Israel Englander added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Israel Englander's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Israel Englander fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Israel Englander's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Israel Englander opened 839 new positions and closed 681 in Q3 2015.
- Israel Englander's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.