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 | |
|---|---|---|---|---|---|---|
|
RYL
2751
CALL
DELISTED
RYLAND GROUP INC
RYL
| $497K | ﹤0.01% |
10,200
-8,000
| -44% | -$342K |
|
2752
1st Source
SRCE
$2.07B
| $496K | ﹤0.01% |
+16,984
| New | +$488K |
|
2753
Foster
FSTR
$401M
| $495K | ﹤0.01% |
10,428
-872
| -8% | -$41.4K |
|
2754
RBC Bearings
RBC
$15.7B
| $495K | ﹤0.01% |
+6,465
| New | +$406K |
|
|
JOYY
2755
JOYY Inc
JOYY
$3.78B
| $495K | ﹤0.01% |
+9,066
| New | +$564K |
|
|
DRD
2756
DRDGold
DRD
$2.71B
| $494K | ﹤0.01% |
285,500
+30,309
| +12% | +$60.3K |
|
|
UCTT
2757
Ultra Clean Holdings
UCTT
$3.32B
| $492K | ﹤0.01% |
68,805
-79,374
| -54% | -$698K |
|
|
IPHS
2758
DELISTED
Innophos Holdings, Inc.
IPHS
| $492K | ﹤0.01% |
8,725
-174,558
| -95% | -$10.2M |
|
2759
Shenandoah Telecom
SHEN
$680M
| $491K | ﹤0.01% |
31,536
-8,864
| -22% | -$135K |
|
|
GMLP
2760
DELISTED
Golar LNG Partners LP
GMLP
| $490K | ﹤0.01% |
18,237
-12,103
| -40% | -$325K |
|
|
SAFE
2761
Safehold
SAFE
$1.1B
| $489K | ﹤0.01% |
7,725
-39,223
| -84% | -$2.52M |
|
2762
PUT
Dentsply Sirona
XRAY
$2.19B
| $489K | ﹤0.01% |
+9,600
| New | +$495K |
|
|
LPNT
2763
DELISTED
LifePoint Health, Inc.
LPNT
| $489K | ﹤0.01% |
6,656
-129,362
| -95% | -$9.18M |
|
2764
HNI Corp
HNI
$3.6B
| $488K | ﹤0.01% |
8,848
-10,451
| -54% | -$536K |
|
|
NAVG
2765
DELISTED
Navigators Group Inc
NAVG
| $488K | ﹤0.01% |
12,526
-85,882
| -87% | -$3.2M |
|
2766
American Coastal Insurance
ACIC
$444M
| $487K | ﹤0.01% |
21,651
+12,121
| +127% | +$289K |
|
2767
CEVA Inc
CEVA
$762M
| $484K | ﹤0.01% |
+22,725
| New | +$445K |
|
|
SMRT
2768
DELISTED
Stein Mart Inc
SMRT
| $484K | ﹤0.01% |
38,844
-77,784
| -67% | -$1.1M |
|
2769
OSI Systems
OSIS
$3.25B
| $482K | ﹤0.01% |
6,484
-44,959
| -87% | -$3.22M |
|
2770
CALL
Deckers Outdoor
DECK
$12.1B
| $481K | ﹤0.01% |
39,600
+25,200
| +175% | +$324K |
|
2771
Invesco Large Cap Value ETF
PWV
$1.87B
| $481K | ﹤0.01% |
15,602
+2,734
| +21% | +$85K |
|
2772
CALL
Baidu
BIDU
$31.7B
| $479K | ﹤0.01% |
+2,300
| New | +$493K |
|
2773
Cinemark Holdings
CNK
$4.34B
| $478K | ﹤0.01% |
10,600
+5,286
| +99% | +$209K |
|
|
GAP
2774
PUT
The Gap Inc
GAP
$7.25B
| $477K | ﹤0.01% |
11,000
-600
| -5% | -$25K |
|
2775
Fabrinet
FN
$15.5B
| $475K | ﹤0.01% |
25,011
+12,552
| +101% | +$219K |
|
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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.