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 | |
|---|---|---|---|---|---|---|
|
CNW
376
DELISTED
CON-WAY INC.
CNW
| $36.4M | 0.07% |
825,417
-160,133
| -16% | -$7.07M |
|
377
Texas Capital Bancshares
TCBI
$4.27B
| $36.4M | 0.07% |
748,583
+610,611
| +443% | +$28.8M |
|
|
FMBI
378
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $36.4M | 0.07% |
2,094,910
-24,004
| -1% | -$401K |
|
|
PPL
379
PPL Corp
PPL
$25.9B
| $36.2M | 0.07% |
1,153,166
-4,106,043
| -78% | -$132M |
|
|
HPP
380
Hudson Pacific Properties
HPP
$787M
| $36.1M | 0.07% |
155,381
+117,709
| +312% | +$26.4M |
|
|
381
Microsoft
MSFT
$3.59T
| $36.1M | 0.07% |
887,201
-3,556,150
| -80% | -$155M |
|
382
DigitalBridge
DBRG
$2.95B
| $35.9M | 0.07% |
384,843
-37,979
| -9% | -$3.44M |
|
383
PVH
PVH
$3.62B
| $35.8M | 0.07% |
336,059
+316,975
| +1,661% | +$34.3M |
|
384
KBR
KBR
$4.86B
| $35.8M | 0.07% |
2,470,870
+2,437,303
| +7,261% | +$39.6M |
|
385
Invesco Mortgage Capital
IVR
$809M
| $35.7M | 0.07% |
229,691
+101,106
| +79% | +$15.8M |
|
|
AVP
386
DELISTED
Avon Products, Inc.
AVP
| $35.3M | 0.07% |
4,412,047
-653,513
| -13% | -$5.43M |
|
387
Magna International
MGA
$19.5B
| $35.2M | 0.07% |
656,884
+452,020
| +221% | +$23.3M |
|
|
SPR
388
DELISTED
Spirit AeroSystems
SPR
| $35.2M | 0.07% |
674,606
+37,662
| +6% | +$1.8M |
|
|
DRII
389
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $35.2M | 0.07% |
1,053,027
+475,507
| +82% | +$14.9M |
|
390
PepsiCo
PEP
$196B
| $35.2M | 0.07% |
367,709
-662,408
| -64% | -$64.1M |
|
|
WFT
391
DELISTED
Weatherford International plc
WFT
| $35.1M | 0.07% |
2,856,721
-281,822
| -9% | -$3.27M |
|
392
Pultegroup
PHM
$24.6B
| $35.1M | 0.07% |
1,579,040
+1,568,733
| +15,220% | +$34.2M |
|
|
CONE
393
DELISTED
CyrusOne Inc Common Stock
CONE
| $35.1M | 0.07% |
1,127,699
+165,385
| +17% | +$4.88M |
|
394
Regeneron Pharmaceuticals
REGN
$85.9B
| $35M | 0.07% |
77,517
-63,404
| -45% | -$26.9M |
|
|
LPT
395
DELISTED
Liberty Property Trust
LPT
| $35M | 0.07% |
979,896
+556,543
| +131% | +$21.2M |
|
396
PG&E
PCG
$38.8B
| $34.7M | 0.06% |
653,996
+133,901
| +26% | +$7.39M |
|
|
BCR
397
DELISTED
CR Bard Inc.
BCR
| $34.5M | 0.06% |
206,065
+185,706
| +912% | +$31.8M |
|
398
Kilroy Realty
KRC
$4.25B
| $34.4M | 0.06% |
452,142
+231,154
| +105% | +$17.2M |
|
399
Waste Management
WM
$89.6B
| $34.2M | 0.06% |
631,390
+578,379
| +1,091% | +$30.8M |
|
400
SunCoke Energy
SXC
$822M
| $34.2M | 0.06% |
2,290,004
+1,623,071
| +243% | +$27.7M |
|
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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.