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 | |
|---|---|---|---|---|---|---|
|
LQ
401
DELISTED
La Quinta Holdings Inc.
LQ
| $34.2M | 0.06% |
1,443,832
-2,105,015
| -59% | -$46.6M |
|
402
Amgen
AMGN
$238B
| $34.1M | 0.06% |
213,315
-448,116
| -68% | -$70.6M |
|
403
UnitedHealth
UNH
$350B
| $33.8M | 0.06% |
285,863
+234,663
| +458% | +$26.1M |
|
404
Cameco
CCJ
$44.6B
| $33.8M | 0.06% |
2,424,305
+2,234,013
| +1,174% | +$33.4M |
|
|
K
405
DELISTED
Kellanova
K
| $33.8M | 0.06% |
545,194
+111,630
| +26% | +$6.83M |
|
406
Ulta Beauty
ULTA
$22.4B
| $33.6M | 0.06% |
222,456
-27,022
| -11% | -$3.74M |
|
407
National Health Investors
NHI
$3.6B
| $33.4M | 0.06% |
470,979
+31,792
| +7% | +$2.29M |
|
|
WX
408
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $33.4M | 0.06% |
862,372
+839,907
| +3,739% | +$32.3M |
|
409
PACCAR
PCAR
$69B
| $33.4M | 0.06% |
793,902
+590,370
| +290% | +$25.1M |
|
|
UCB
410
United Community Banks
UCB
$4.29B
| $33.3M | 0.06% |
1,763,360
+922,180
| +110% | +$17M |
|
|
EQY
411
DELISTED
Equity One
EQY
| $33.2M | 0.06% |
1,243,820
+779,295
| +168% | +$21M |
|
412
Burlington
BURL
$20.6B
| $33.2M | 0.06% |
558,388
-206,051
| -27% | -$11.1M |
|
|
AVDL
413
DELISTED
Avadel Pharmaceuticals
AVDL
| $32.9M | 0.06% |
1,831,860
+736,721
| +67% | +$11.5M |
|
|
EE
414
DELISTED
El Paso Electric Company
EE
| $32.9M | 0.06% |
851,314
+140,248
| +20% | +$5.41M |
|
415
Middleby
MIDD
$5.22B
| $32.8M | 0.06% |
319,222
+117,500
| +58% | +$11.9M |
|
|
DNR
416
DELISTED
Denbury Resources, Inc.
DNR
| $32.7M | 0.06% |
4,482,449
+2,880,635
| +180% | +$22.3M |
|
|
CSOD
417
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $32.6M | 0.06% |
1,129,415
+898,147
| +388% | +$29.3M |
|
|
SGY
418
DELISTED
Stone Energy
SGY
| $32.6M | 0.06% |
39,100
+986
| +3% | +$872K |
|
|
AL
419
DELISTED
Air Lease Corp
AL
| $32.6M | 0.06% |
863,011
-734,132
| -46% | -$27M |
|
420
Eli Lilly
LLY
$1.12T
| $32.4M | 0.06% |
445,447
-26,101
| -6% | -$1.86M |
|
421
Acuity Brands
AYI
$10.3B
| $32.3M | 0.06% |
192,261
-60,769
| -24% | -$9.53M |
|
422
Spectrum Brands
SPB
$2B
| $32.3M | 0.06% |
360,511
-293,777
| -45% | -$27.4M |
|
423
Edison International
EIX
$27.5B
| $32.2M | 0.06% |
515,585
-251,898
| -33% | -$16.4M |
|
|
AET
424
DELISTED
Aetna Inc
AET
| $32.1M | 0.06% |
301,663
-120,621
| -29% | -$11.8M |
|
425
Dine Brands
DIN
$454M
| $31.9M | 0.06% |
298,187
+9,753
| +3% | +$1.04M |
|
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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.