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 | |
|---|---|---|---|---|---|---|
|
AL
401
DELISTED
Air Lease Corp
AL
| $33.5M | 0.06% |
987,603
+124,592
| +14% | +$4.72M |
|
|
TIF
402
DELISTED
Tiffany & Co.
TIF
| $33.4M | 0.06% |
363,969
+27,740
| +8% | +$2.48M |
|
403
Johnson & Johnson
JNJ
$659B
| $33.4M | 0.06% |
342,787
-250,057
| -42% | -$25M |
|
404
D.R. Horton
DHI
$41.7B
| $33.3M | 0.06% |
1,218,664
-1,901,455
| -61% | -$51.1M |
|
405
Bath & Body Works
BBWI
$3.86B
| $33.3M | 0.06% |
480,064
+401,575
| +512% | +$28.8M |
|
|
EE
406
DELISTED
El Paso Electric Company
EE
| $33.2M | 0.06% |
957,792
+106,478
| +13% | +$3.88M |
|
|
DTV
407
DELISTED
DIRECTV COM STK (DE)
DTV
| $33.2M | 0.06% |
357,442
+203,326
| +132% | +$18.4M |
|
408
NETSCOUT
NTCT
$2.77B
| $33M | 0.06% |
+900,111
| New | +$37M |
|
409
Ulta Beauty
ULTA
$23B
| $33M | 0.06% |
213,507
-8,949
| -4% | -$1.38M |
|
|
SONC
410
DELISTED
Sonic Corp
SONC
| $33M | 0.06% |
1,144,530
+653,247
| +133% | +$20.1M |
|
411
Apple Hospitality REIT
APLE
$3.9B
| $32.9M | 0.06% |
+1,745,475
| New | +$32.7M |
|
412
Estee Lauder
EL
$37.2B
| $32.9M | 0.06% |
379,847
+275,915
| +265% | +$23.8M |
|
413
Alliant Energy
LNT
$17.6B
| $32.8M | 0.06% |
1,135,770
-598,132
| -34% | -$18.1M |
|
414
Restaurant Brands International
QSR
$28.3B
| $32.7M | 0.06% |
855,579
+489,211
| +134% | +$19.3M |
|
|
BEAV
415
DELISTED
B/E Aerospace Inc
BEAV
| $32.5M | 0.06% |
591,840
+447,432
| +310% | +$26.6M |
|
|
AVOL
416
DELISTED
AVOLON HLDGS LTD SHS (CYM)
AVOL
| $32.5M | 0.06% |
1,414,962
+118,104
| +9% | +$2.7M |
|
|
TLN
417
DELISTED
Talen Energy Corporation
TLN
| $32.5M | 0.06% |
+1,892,104
| New | +$35.7M |
|
418
Fluor
FLR
$6.86B
| $32.1M | 0.06% |
606,183
+286,785
| +90% | +$16.6M |
|
419
Best Buy
BBY
$18.5B
| $32M | 0.06% |
980,713
+302,409
| +45% | +$10.7M |
|
420
Baxter International
BAX
$13.5B
| $31.9M | 0.06% |
840,626
-773,357
| -48% | -$28.9M |
|
|
MDVN
421
DELISTED
MEDIVATION, INC.
MDVN
| $31.8M | 0.06% |
556,260
+385,878
| +226% | +$23.8M |
|
|
WMGI
422
DELISTED
Wright Medical Group Inc
WMGI
| $31.7M | 0.06% |
1,205,383
-386,025
| -24% | -$10.2M |
|
423
Monster Beverage
MNST
$95.8B
| $31.6M | 0.06% |
2,827,620
-433,356
| -13% | -$4.84M |
|
|
RDS.A
424
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $31.5M | 0.06% |
583,600
+182,340
| +45% | +$10.4M |
|
425
Wynn Resorts
WYNN
$10.3B
| $31.5M | 0.06% |
319,443
-225,450
| -41% | -$25.5M |
|
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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.