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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.58% |
| 2 | Energy | 11.62% |
| 3 | Consumer Discretionary | 8.89% |
| 4 | Financials | 8.63% |
| 5 | Technology | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IBKC
351
DELISTED
IBERIABANK Corp
IBKC
| $35.2M | 0.07% |
604,351
+568,689
| +1,595% | +$35.8M |
|
352
Delek US
DK
$4.38B
| $35.1M | 0.07% |
1,268,526
-906,842
| -42% | -$30.5M |
|
353
PVH
PVH
$3.62B
| $35.1M | 0.07% |
344,112
+150,011
| +77% | +$17M |
|
|
SAVE
354
DELISTED
Spirit Airlines, Inc.
SAVE
| $34.9M | 0.07% |
+737,402
| New | +$41.3M |
|
|
TYC
355
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $34.4M | 0.07% |
981,969
+537,218
| +121% | +$20.7M |
|
356
Nike
NKE
$60.5B
| $34.4M | 0.07% |
558,958
+392,264
| +235% | +$22.2M |
|
|
GWR
357
DELISTED
Genesee & Wyoming Inc.
GWR
| $34.3M | 0.07% |
580,441
+356,618
| +159% | +$24.6M |
|
358
Northrop Grumman
NOC
$78.3B
| $34.2M | 0.07% |
205,972
+160,395
| +352% | +$26.9M |
|
|
HUB.B
359
DELISTED
HUBBELL INC CL-B
HUB.B
| $34.2M | 0.07% |
402,204
+230,551
| +134% | +$23M |
|
360
Apple
AAPL
$4.51T
| $34.1M | 0.07% |
1,237,652
-4,511,492
| -78% | -$132M |
|
361
A.O. Smith
AOS
$8.57B
| $34.1M | 0.07% |
1,044,822
+496,392
| +91% | +$17M |
|
|
DD
362
DELISTED
Du Pont De Nemours E I
DD
| $34.1M | 0.07% |
706,514
-125,496
| -15% | -$6.7M |
|
|
EQC
363
DELISTED
Equity Commonwealth
EQC
| $33.9M | 0.07% |
1,246,061
+596,747
| +92% | +$15.8M |
|
364
TE Connectivity
TEL
$58.9B
| $33.8M | 0.07% |
563,816
-308,452
| -35% | -$18.8M |
|
365
Lennar Class A
LEN
$21B
| $33.7M | 0.07% |
735,421
-97,102
| -12% | -$4.77M |
|
366
Bruker
BRKR
$9.07B
| $33.7M | 0.07% |
2,050,397
+1,425,622
| +228% | +$27.7M |
|
|
SONC
367
DELISTED
Sonic Corp
SONC
| $33.6M | 0.07% |
1,462,931
+318,401
| +28% | +$8.81M |
|
|
GWB
368
DELISTED
Great Western Bancorp, Inc.
GWB
| $33.5M | 0.06% |
1,320,435
-1,056,259
| -44% | -$26.6M |
|
|
RDS.A
369
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $33.4M | 0.06% |
742,294
+158,694
| +27% | +$8.06M |
|
|
CIM
370
Chimera Investment
CIM
$964M
| $33.3M | 0.06% |
830,118
-503,847
| -38% | -$21.2M |
|
|
WOOF
371
DELISTED
VCA Inc.
WOOF
| $33.3M | 0.06% |
631,842
+460,456
| +269% | +$25.8M |
|
372
Arrow Electronics
ARW
$10.7B
| $33.2M | 0.06% |
600,719
+514,790
| +599% | +$28.6M |
|
|
CAVM
373
DELISTED
Cavium, Inc.
CAVM
| $33.2M | 0.06% |
541,045
+221,795
| +69% | +$14.8M |
|
374
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $33.2M | 0.06% |
1,668,321
+973,384
| +140% | +$20.6M |
|
375
Pfizer
PFE
$160B
| $33M | 0.06% |
1,108,446
+1,078,006
| +3,541% | +$34.6M |
|
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Israel Englander's Q3 2015 Portfolio in Review
As of Q3 2015, Israel Englander held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Israel Englander deployed $5.12B of net new capital in Q3 2015, opening 839 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 15% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Israel Englander's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Israel Englander added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Israel Englander's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Israel Englander fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Israel Englander's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Israel Englander opened 839 new positions and closed 681 in Q3 2015.
- Israel Englander's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.