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 | |
|---|---|---|---|---|---|---|
3626
CALL
Motorola Solutions
MSI
$79.7B
| – | – |
-32,000
| Closed | -$2.13M |
|
3627
CALL
Strategy Inc
MSTR
$48.7B
| – | – |
-16,000
| Closed | -$271K |
|
3628
CALL
M&T Bank
MTB
$34.9B
| – | – |
-3,400
| Closed | -$432K |
|
|
3629
M&T Bank
MTB
$34.9B
| – | – |
-1,798
| Closed | -$228K |
|
|
3630
PUT
M&T Bank
MTB
$34.9B
| – | – |
-4,800
| Closed | -$610K |
|
3631
Meritage Homes
MTH
$4.73B
| – | – |
-1,259,538
| Closed | -$30.6M |
|
3632
iShares National Muni Bond ETF
MUB
$45.6B
| – | – |
-8,790
| Closed | -$972K |
|
3633
CALL
Murphy Oil
MUR
$5.16B
| – | – |
-8,200
| Closed | -$382K |
|
|
3634
PUT
Murphy Oil
MUR
$5.16B
| – | – |
-7,700
| Closed | -$359K |
|
3635
Myriad Genetics
MYGN
$292M
| – | – |
-10,918
| Closed | -$386K |
|
3636
PUT
Neurocrine Biosciences
NBIX
$15.6B
| – | – |
-100,000
| Closed | -$3.97M |
|
3637
NBT Bancorp
NBTB
$2.7B
| – | – |
-20,656
| Closed | -$518K |
|
3638
CALL
Newmont
NEM
$139B
| – | – |
-9,600
| Closed | -$208K |
|
|
3639
PUT
Newmont
NEM
$139B
| – | – |
-12,100
| Closed | -$263K |
|
3640
Neogen
NEOG
$2.53B
| – | – |
-70,773
| Closed | -$1.24M |
|
3641
National Fuel Gas
NFG
$7.84B
| – | – |
-38,910
| Closed | -$2.35M |
|
3642
National Grid
NGG
$80.9B
| – | – |
-40,273
| Closed | -$2.51M |
|
3643
Natural Health Trends
NHTC
$15M
| – | – |
-20,530
| Closed | -$367K |
|
3644
CALL
Nike
NKE
$60.5B
| – | – |
-40,000
| Closed | -$2.01M |
|
3645
CALL
NNN REIT
NNN
$8.89B
| – | – |
-7,000
| Closed | -$287K |
|
|
3646
PUT
NNN REIT
NNN
$8.89B
| – | – |
-7,800
| Closed | -$320K |
|
3647
Nokia
NOK
$55.6B
| – | – |
-2,047,428
| Closed | -$15.5M |
|
3648
Insight Enterprises
NSIT
$4.26B
| – | – |
-72,249
| Closed | -$2.06M |
|
3649
NetApp
NTAP
$36.7B
| – | – |
-898,562
| Closed | -$31.2M |
|
3650
NETGEAR
NTGR
$563M
| – | – |
-41,554
| Closed | -$1.37M |
|
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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.