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 | |
|---|---|---|---|---|---|---|
|
ESRX
251
DELISTED
Express Scripts Holding Company
ESRX
| $52.9M | 0.1% |
609,224
+465,928
| +325% | +$39.1M |
|
|
OPLN
252
Openlane
OPLN
$4.08B
| $52.6M | 0.1% |
3,665,698
-1,017,038
| -22% | -$13.8M |
|
253
Highwoods Properties
HIW
$3.46B
| $52.5M | 0.1% |
1,147,703
+844,231
| +278% | +$38.9M |
|
254
Ciena
CIEN
$56B
| $52.4M | 0.1% |
2,711,710
+2,093,433
| +339% | +$41.7M |
|
|
WFM
255
DELISTED
Whole Foods Market Inc
WFM
| $52.3M | 0.1% |
1,004,479
+190,540
| +23% | +$10.2M |
|
256
Canadian Pacific Kansas City
CP
$85B
| $52.2M | 0.1% |
1,427,890
+1,289,380
| +931% | +$47.6M |
|
257
Becton Dickinson
BDX
$52.3B
| $52.1M | 0.1% |
372,096
+4,760
| +1% | +$666K |
|
258
Gen Digital
GEN
$17.3B
| $51.9M | 0.1% |
2,219,980
+1,435,879
| +183% | +$35.8M |
|
259
Aon
AON
$75.3B
| $51.7M | 0.1% |
+537,575
| New | +$52M |
|
260
Western Digital
WDC
$166B
| $51.4M | 0.1% |
746,844
+289,599
| +63% | +$22.6M |
|
261
Alphabet (Google) Class C
GOOG
$4.18T
| $51.3M | 0.1% |
1,857,887
-367,125
| -16% | -$9.84M |
|
262
NXP Semiconductors
NXPI
$56.9B
| $51.3M | 0.1% |
510,862
+161,341
| +46% | +$14.2M |
|
263
Comcast
CMCSA
$95.3B
| $51M | 0.09% |
1,804,730
+1,721,390
| +2,066% | +$49.5M |
|
|
DCT
264
DELISTED
DCT Industrial Trust Inc.
DCT
| $50.9M | 0.09% |
1,468,979
-187,520
| -11% | -$6.77M |
|
265
Boston Properties
BXP
$10.8B
| $50.6M | 0.09% |
+360,512
| New | +$50.3M |
|
266
Toronto Dominion Bank
TD
$194B
| $50.5M | 0.09% |
1,179,351
+439,227
| +59% | +$18.9M |
|
267
Wheaton Precious Metals
WPM
$71.7B
| $50.4M | 0.09% |
2,648,686
+2,566,479
| +3,122% | +$54.6M |
|
268
News Corp Class A
NWSA
$16.4B
| $50.3M | 0.09% |
3,142,876
+2,068,037
| +192% | +$33.5M |
|
|
LLL
269
DELISTED
L3 Technologies, Inc.
LLL
| $49.9M | 0.09% |
396,294
+187,492
| +90% | +$23.9M |
|
|
SIVB
270
DELISTED
SVB Financial Group
SIVB
| $49.8M | 0.09% |
391,935
+126,370
| +48% | +$15.1M |
|
271
Ameriprise Financial
AMP
$49.1B
| $49.8M | 0.09% |
380,302
+373,907
| +5,847% | +$49.3M |
|
272
Forum Energy Technologies
FET
$871M
| $49.7M | 0.09% |
126,858
+91,922
| +263% | +$33.3M |
|
|
AMAG
273
DELISTED
AMAG Pharmaceuticals
AMAG
| $49.7M | 0.09% |
909,205
+155,819
| +21% | +$7.43M |
|
274
Oracle
ORCL
$422B
| $49.5M | 0.09% |
1,148,005
+897,237
| +358% | +$38.9M |
|
|
WNR
275
DELISTED
Western Refining Inc
WNR
| $49.4M | 0.09% |
1,000,445
-853,328
| -46% | -$35.6M |
|
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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.