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 | |
|---|---|---|---|---|---|---|
|
EE
401
DELISTED
El Paso Electric Company
EE
| $30.2M | 0.06% |
819,141
-138,651
| -14% | -$4.97M |
|
|
AXLL
402
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $30.1M | 0.06% |
1,920,155
+430,554
| +29% | +$11.5M |
|
403
American Airlines Group
AAL
$9.15B
| $30M | 0.06% |
771,855
+765,255
| +11,595% | +$31.4M |
|
404
Terex
TEX
$7.6B
| $29.9M | 0.06% |
1,669,081
+1,660,511
| +19,376% | +$36.2M |
|
405
Gen Digital
GEN
$17.3B
| $29.8M | 0.06% |
1,533,070
-218,574
| -12% | -$4.7M |
|
406
Evercore
EVR
$11.2B
| $29.7M | 0.06% |
591,746
-152,347
| -20% | -$8.35M |
|
407
CALL
Texas Instruments
TXN
$241B
| $29.7M | 0.06% |
+600,000
| New | +$29.3M |
|
408
Weyerhaeuser
WY
$17.6B
| $29.4M | 0.06% |
1,076,561
-343,188
| -24% | -$10.1M |
|
409
KB Home
KBH
$3.39B
| $29.4M | 0.06% |
2,166,835
+1,443,006
| +199% | +$22M |
|
410
CF Industries
CF
$19.6B
| $29.2M | 0.06% |
649,398
+620,303
| +2,132% | +$36.1M |
|
411
MGM Resorts International
MGM
$11B
| $28.9M | 0.06% |
1,566,562
-2,172,983
| -58% | -$43.4M |
|
|
ZLTQ
412
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $28.9M | 0.06% |
901,276
-868,080
| -49% | -$28.7M |
|
413
Public Storage
PSA
$60.2B
| $28.8M | 0.06% |
135,877
+62,480
| +85% | +$12.7M |
|
|
RTN
414
DELISTED
Raytheon Company
RTN
| $28.8M | 0.06% |
263,155
-1,138,240
| -81% | -$119M |
|
|
HAWK
415
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $28.7M | 0.06% |
676,980
+600,768
| +788% | +$25.6M |
|
|
FBC
416
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $28.5M | 0.06% |
1,387,952
+67,101
| +5% | +$1.32M |
|
417
Welltower
WELL
$172B
| $28.5M | 0.06% |
420,898
-147,751
| -26% | -$9.87M |
|
418
Red Robin
RRGB
$189M
| $28.5M | 0.06% |
375,792
+229,243
| +156% | +$19.3M |
|
419
United Therapeutics
UTHR
$22B
| $28.4M | 0.05% |
216,096
+92,128
| +74% | +$14.8M |
|
|
TCO
420
DELISTED
Taubman Centers Inc.
TCO
| $28.4M | 0.05% |
410,410
+397,846
| +3,167% | +$28.2M |
|
|
SPLS
421
DELISTED
Staples Inc
SPLS
| $28.3M | 0.05% |
2,414,382
+2,040,329
| +545% | +$28.7M |
|
422
Norfolk Southern
NSC
$78.8B
| $28.1M | 0.05% |
368,406
+290,999
| +376% | +$23.6M |
|
423
Community Health Systems
CYH
$424M
| $28.1M | 0.05% |
795,053
-485,612
| -38% | -$22.3M |
|
|
FMBI
424
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $28M | 0.05% |
1,593,895
+211,680
| +15% | +$3.85M |
|
425
Starwood Property Trust
STWD
$6.06B
| $27.9M | 0.05% |
1,362,058
-1,657,872
| -55% | -$35.9M |
|
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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.