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 | |
|---|---|---|---|---|---|---|
|
SNI
326
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $41.7M | 0.08% |
608,078
+403,255
| +197% | +$29.3M |
|
327
Tronox
TROX
$888M
| $41.6M | 0.08% |
2,047,277
+476,244
| +30% | +$10.1M |
|
328
Alcoa
AA
$13.7B
| $41.2M | 0.08% |
1,327,049
-139,204
| -9% | -$5M |
|
329
TE Connectivity
TEL
$58.9B
| $41.2M | 0.08% |
574,746
-90,290
| -14% | -$6.2M |
|
330
Clearway Energy Class C
CWEN
$6.68B
| $41.1M | 0.08% |
1,620,614
-435,488
| -21% | -$11.3M |
|
|
WMGI
331
DELISTED
Wright Medical Group Inc
WMGI
| $41.1M | 0.08% |
1,591,408
-220,387
| -12% | -$5.67M |
|
332
Regions Financial
RF
$25.9B
| $41M | 0.08% |
4,338,512
-870,059
| -17% | -$8.23M |
|
|
MDCO
333
DELISTED
Medicines Co
MDCO
| $40.9M | 0.08% |
1,459,616
+800,704
| +122% | +$22.5M |
|
334
Chipotle Mexican Grill
CMG
$46.7B
| $40.6M | 0.08% |
3,123,150
+1,752,000
| +128% | +$23.9M |
|
335
CDW
CDW
$17.2B
| $40.5M | 0.08% |
1,088,594
+25,468
| +2% | +$927K |
|
336
Healthpeak Properties
DOC
$14.8B
| $40.5M | 0.08% |
1,029,509
-601,383
| -37% | -$24.1M |
|
337
Bio-Rad Laboratories Class A
BIO
$10.2B
| $40.3M | 0.07% |
297,924
+198,385
| +199% | +$24.6M |
|
338
Pediatrix Medical
MD
$2.16B
| $40.3M | 0.07% |
555,306
+47,663
| +9% | +$3.31M |
|
339
Carter's
CRI
$1.31B
| $40.2M | 0.07% |
434,696
+426,141
| +4,981% | +$36.8M |
|
340
Home Depot
HD
$335B
| $40.1M | 0.07% |
352,957
-550,732
| -61% | -$60.7M |
|
|
RKT
341
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $39.9M | 0.07% |
619,367
+351,774
| +131% | +$23.1M |
|
|
AKRX
342
DELISTED
Akorn Inc
AKRX
| $39.7M | 0.07% |
834,592
+712,692
| +585% | +$32.4M |
|
343
3M
MMM
$92.3B
| $39.6M | 0.07% |
287,097
+251,777
| +713% | +$34.7M |
|
|
GNC
344
DELISTED
GNC Holdings, Inc.
GNC
| $39.6M | 0.07% |
806,227
+106,378
| +15% | +$4.91M |
|
345
Aptiv
APTV
$10B
| $39.5M | 0.07% |
495,333
+300,350
| +154% | +$22.6M |
|
|
ATW
346
DELISTED
Atwood Oceanics
ATW
| $39.5M | 0.07% |
1,404,301
+290,604
| +26% | +$8.64M |
|
|
KW
347
DELISTED
Kennedy-Wilson Holdings
KW
| $39.4M | 0.07% |
1,508,949
+999,183
| +196% | +$26.5M |
|
|
GAS
348
DELISTED
AGL Resources Inc
GAS
| $39.4M | 0.07% |
+793,053
| New | +$41.2M |
|
349
Regal Rexnord
RRX
$11.1B
| $39.3M | 0.07% |
491,465
+338,060
| +220% | +$25.3M |
|
350
United Therapeutics
UTHR
$22B
| $39.1M | 0.07% |
226,679
-596,795
| -72% | -$91M |
|
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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.