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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.04% |
| 2 | Energy | 12.07% |
| 3 | Financials | 9.11% |
| 4 | Consumer Discretionary | 8.85% |
| 5 | Industrials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Berkshire Hathaway Class B
BRK.B
$1.06T
| $46.9M | 0.09% |
344,633
-114,651
| -25% | -$16.4M |
|
277
iShares Silver Trust
SLV
$33.8B
| $46.8M | 0.09% |
3,113,639
+1,704,024
| +121% | +$26.7M |
|
278
United Airlines
UAL
$36.7B
| $46.6M | 0.09% |
879,275
-448,832
| -34% | -$26M |
|
|
TCF
279
DELISTED
TCF Financial Corporation
TCF
| $46.6M | 0.09% |
2,805,781
-991,674
| -26% | -$15.9M |
|
|
CIVI
280
DELISTED
Civitas Resources
CIVI
| $46.6M | 0.09% |
22,867
+2,080
| +10% | +$5.38M |
|
281
Lam Research
LRCX
$393B
| $46.5M | 0.09% |
5,721,310
-357,550
| -6% | -$2.81M |
|
282
Delta Air Lines
DAL
$54.2B
| $46.2M | 0.09% |
1,125,608
+138,194
| +14% | +$6.04M |
|
283
Air Products & Chemicals
APD
$67.9B
| $45.6M | 0.09% |
360,189
-323,514
| -47% | -$44.1M |
|
284
Cardinal Health
CAH
$53.4B
| $45.4M | 0.09% |
542,926
+242,985
| +81% | +$21.5M |
|
|
IPG
285
DELISTED
Interpublic Group of Companies
IPG
| $45.3M | 0.09% |
2,352,867
-110,043
| -4% | -$2.28M |
|
286
United Parcel Service
UPS
$86.8B
| $45.3M | 0.09% |
467,475
+404,332
| +640% | +$40.2M |
|
287
Golar LNG
GLNG
$5.31B
| $45.2M | 0.09% |
966,747
+890,205
| +1,163% | +$38.6M |
|
288
Allstate
ALL
$64.2B
| $45M | 0.09% |
694,067
-294,222
| -30% | -$20.2M |
|
289
Bloomin' Brands
BLMN
$996M
| $44.9M | 0.09% |
2,103,979
-623,037
| -23% | -$14M |
|
|
TFCF
290
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $44.9M | 0.08% |
1,393,183
+115,208
| +9% | +$3.82M |
|
291
Urban Outfitters
URBN
$6.36B
| $44.8M | 0.08% |
1,279,347
+1,254,147
| +4,977% | +$48.5M |
|
292
Weyerhaeuser
WY
$17.6B
| $44.7M | 0.08% |
1,419,749
-232,927
| -14% | -$7.49M |
|
|
BRS
293
DELISTED
Bristow Group, Inc.
BRS
| $44.6M | 0.08% |
836,737
+416,296
| +99% | +$24.4M |
|
294
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $44.2M | 0.08% |
959,600
-40,400
| -4% | -$2M |
|
295
Acadia Pharmaceuticals
ACAD
$5.08B
| $44M | 0.08% |
1,050,029
+538,507
| +105% | +$20.8M |
|
296
Emerson Electric
EMR
$87.7B
| $43.9M | 0.08% |
791,952
+107,053
| +16% | +$6.29M |
|
297
Humana
HUM
$45.5B
| $43.9M | 0.08% |
229,267
-156,219
| -41% | -$29M |
|
298
Zimmer Biomet
ZBH
$19.3B
| $43.8M | 0.08% |
413,302
+298,339
| +260% | +$33M |
|
|
SPNC
299
DELISTED
Spectranetics Corp
SPNC
| $43.8M | 0.08% |
1,902,265
+1,447,702
| +318% | +$40.4M |
|
|
DWA
300
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $43.7M | 0.08% |
1,658,108
+1,503,710
| +974% | +$39.5M |
|
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Israel Englander's Q2 2015 Portfolio in Review
As of Q2 2015, Israel Englander held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 16% a quarter earlier, followed by Energy and Financials.
- Israel Englander's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Israel Englander added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Israel Englander's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Israel Englander fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Israel Englander's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Israel Englander opened 780 new positions and closed 1,034 in Q2 2015.
- Israel Englander's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.