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 | |
|---|---|---|---|---|---|---|
|
EXAC
2801
DELISTED
Exactech Inc
EXAC
| $452K | ﹤0.01% |
17,644
-14,639
| -45% | -$337K |
|
2802
iShares MSCI Australia ETF
EWA
$1.36B
| $451K | ﹤0.01% |
+19,714
| New | +$451K |
|
|
OLP
2803
One Liberty Properties
OLP
$538M
| $451K | ﹤0.01% |
18,474
+1,243
| +7% | +$30.1K |
|
2804
Vicor
VICR
$8.97B
| $451K | ﹤0.01% |
29,644
-9,043
| -23% | -$117K |
|
2805
National Presto Industries
NPK
$1.12B
| $449K | ﹤0.01% |
+7,078
| New | +$436K |
|
2806
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.9B
| $449K | ﹤0.01% |
5,115
+1,285
| +34% | +$112K |
|
2807
CALL
Universal Health Services
UHS
$10.4B
| $447K | ﹤0.01% |
3,800
-3,000
| -44% | -$332K |
|
2808
Grupo Aeroportuario del Sureste
ASR
$7.92B
| $445K | ﹤0.01% |
3,310
-3,892
| -54% | -$518K |
|
|
SWN
2809
PUT
DELISTED
Southwestern Energy Company
SWN
| $443K | ﹤0.01% |
19,100
+3,000
| +19% | +$74.5K |
|
|
CNH
2810
CNH Industrial
CNH
$18.6B
| $442K | ﹤0.01% |
+62,209
| New | +$428K |
|
|
ITC
2811
PUT
DELISTED
ITC HOLDINGS CORP
ITC
| $442K | ﹤0.01% |
+11,800
| New | +$468K |
|
|
CPL
2812
DELISTED
CPFL Energia S.A.
CPL
| $441K | ﹤0.01% |
36,706
-67,284
| -65% | -$806K |
|
|
KEM
2813
DELISTED
KEMET Corporation
KEM
| $441K | ﹤0.01% |
106,407
-41,488
| -28% | -$172K |
|
|
CDMO
2814
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $437K | ﹤0.01% |
46,220
+32,987
| +249% | +$318K |
|
|
VMW
2815
CALL
DELISTED
VMware, Inc
VMW
| $435K | ﹤0.01% |
5,300
-4,000
| -43% | -$327K |
|
2816
Commerce Bancshares
CBSH
$8.35B
| $434K | ﹤0.01% |
17,550
-2,930
| -14% | -$71.5K |
|
2817
Ionis Pharmaceuticals
IONS
$10.6B
| $433K | ﹤0.01% |
+6,800
| New | +$461K |
|
2818
VanEck Biotech ETF
BBH
$474M
| $432K | ﹤0.01% |
+3,336
| New | +$419K |
|
2819
CALL
M&T Bank
MTB
$34.7B
| $432K | ﹤0.01% |
+3,400
| New | +$412K |
|
2820
Casella Waste Systems
CWST
$5.95B
| $431K | ﹤0.01% |
78,442
-30,757
| -28% | -$133K |
|
2821
Arcos Dorados Holdings
ARCO
$1.71B
| $429K | ﹤0.01% |
89,538
+75,432
| +535% | +$384K |
|
2822
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.86B
| $428K | ﹤0.01% |
+6,544
| New | +$421K |
|
|
PCBK
2823
DELISTED
Pacific Continental Corp
PCBK
| $428K | ﹤0.01% |
32,380
+8,058
| +33% | +$107K |
|
2824
Ultrapar
UGP
$7.14B
| $427K | ﹤0.01% |
42,282
-2,020
| -5% | -$19.7K |
|
|
CALL
2825
DELISTED
magicJack VocalTec Ltd
CALL
| $427K | ﹤0.01% |
62,452
-114,539
| -65% | -$866K |
|
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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.