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 | |
|---|---|---|---|---|---|---|
276
Crane NXT
CXT
$2.89B
| $49.3M | 0.09% |
2,275,032
+1,025,641
| +82% | +$22.4M |
|
277
Goodyear
GT
$1.72B
| $49.2M | 0.09% |
1,817,895
+1,433,664
| +373% | +$37.5M |
|
278
Assured Guaranty
AGO
$3.27B
| $49.2M | 0.09% |
1,865,214
-95,469
| -5% | -$2.47M |
|
|
TYC
279
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $49.2M | 0.09% |
1,091,558
+381,707
| +54% | +$17M |
|
|
MRSH
280
Marsh
MRSH
$91.6B
| $49.2M | 0.09% |
877,058
-270,616
| -24% | -$15.3M |
|
|
WCG
281
DELISTED
Wellcare Health Plans, Inc.
WCG
| $49M | 0.09% |
535,716
+78,772
| +17% | +$6.58M |
|
282
Coca-Cola Europacific Partners
CCEP
$47.7B
| $48.8M | 0.09% |
1,103,870
-75,238
| -6% | -$3.29M |
|
283
Canadian Solar
CSIQ
$988M
| $48.4M | 0.09% |
1,449,258
+700,538
| +94% | +$19.3M |
|
284
Western Alliance Bancorporation
WAL
$8.69B
| $48.4M | 0.09% |
1,632,269
-276,568
| -14% | -$7.71M |
|
|
PHH
285
DELISTED
PHH Corporation
PHH
| $48.2M | 0.09% |
1,996,054
-67,306
| -3% | -$1.63M |
|
|
ZLTQ
286
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $48.1M | 0.09% |
1,561,440
+596,243
| +62% | +$19.1M |
|
287
Fortune Brands Innovations
FBIN
$5.32B
| $48M | 0.09% |
1,181,672
+906,515
| +329% | +$35.3M |
|
288
Insulet
PODD
$10.3B
| $47.7M | 0.09% |
1,430,083
+828,252
| +138% | +$28M |
|
|
DNB
289
DELISTED
Dun & Bradstreet
DNB
| $47.6M | 0.09% |
371,023
+278,111
| +299% | +$34.9M |
|
290
AbbVie
ABBV
$468B
| $47.5M | 0.09% |
811,078
-325,690
| -29% | -$19.7M |
|
291
F5
FFIV
$21.8B
| $47.2M | 0.09% |
410,787
+18,732
| +5% | +$2.2M |
|
292
Teleflex
TFX
$5.88B
| $47.2M | 0.09% |
390,577
+178,330
| +84% | +$20.6M |
|
293
First Solar
FSLR
$23B
| $47.1M | 0.09% |
+788,003
| New | +$40.5M |
|
|
ETP
294
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $47.1M | 0.09% |
844,800
-337,900
| -29% | -$20M |
|
|
FOLD
295
DELISTED
Amicus Therapeutics
FOLD
| $47M | 0.09% |
4,316,935
+730,025
| +20% | +$6.44M |
|
|
BNY
296
Bank of New York Mellon
BNY
$108B
| $46.9M | 0.09% |
1,166,650
+107,020
| +10% | +$4.17M |
|
297
Armstrong World Industries
AWI
$7.55B
| $46.7M | 0.09% |
813,381
+293,391
| +56% | +$15.7M |
|
|
WOOF
298
DELISTED
VCA Inc.
WOOF
| $46.5M | 0.09% |
847,513
-159,150
| -16% | -$8.32M |
|
299
Evercore
EVR
$11.2B
| $46.3M | 0.09% |
896,020
-301,218
| -25% | -$15.3M |
|
300
Thermo Fisher Scientific
TMO
$233B
| $46.2M | 0.09% |
343,899
-230,142
| -40% | -$29.7M |
|
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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.