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 | |
|---|---|---|---|---|---|---|
426
NetApp
NTAP
$37.7B
| $31.9M | 0.06% |
898,562
-431,076
| -32% | -$16.5M |
|
427
Bunge Global
BG
$21.7B
| $31.8M | 0.06% |
386,452
+296,976
| +332% | +$25.4M |
|
|
GWR
428
DELISTED
Genesee & Wyoming Inc.
GWR
| $31.8M | 0.06% |
329,912
-138,414
| -30% | -$12.9M |
|
429
Dentsply Sirona
XRAY
$2.18B
| $31.8M | 0.06% |
624,981
+308,447
| +97% | +$15.9M |
|
|
LM
430
DELISTED
Legg Mason, Inc.
LM
| $31.7M | 0.06% |
574,953
+328,785
| +134% | +$18.5M |
|
431
Equinix
EQIX
$105B
| $31.5M | 0.06% |
135,284
+66,807
| +98% | +$15.1M |
|
432
CALL
Pfizer
PFE
$160B
| $31.5M | 0.06% |
+954,292
| New | +$30.3M |
|
433
Kirby Corp
KEX
$7.39B
| $31.4M | 0.06% |
418,680
+124,857
| +42% | +$9.63M |
|
434
Ball Corp
BALL
$16.8B
| $31.4M | 0.06% |
887,888
+829,112
| +1,411% | +$28.7M |
|
435
Community Health Systems
CYH
$424M
| $31.3M | 0.06% |
724,242
+627,614
| +650% | +$26M |
|
436
Labcorp
LH
$27.3B
| $31.2M | 0.06% |
288,353
+172,881
| +150% | +$17.8M |
|
|
TERP
437
DELISTED
TerraForm Power, Inc
TERP
| $31.2M | 0.06% |
853,650
+762,939
| +841% | +$25.1M |
|
438
RPC Inc
RES
$1.41B
| $31.1M | 0.06% |
2,427,237
+988,620
| +69% | +$12.4M |
|
439
lululemon athletica
LULU
$13.7B
| $31M | 0.06% |
484,778
+269,917
| +126% | +$17.3M |
|
|
CHK
440
DELISTED
Chesapeake Energy Corporation
CHK
| $30.9M | 0.06% |
10,921
+10,477
| +2,360% | +$37M |
|
|
IMPV
441
DELISTED
Imperva, Inc.
IMPV
| $30.9M | 0.06% |
723,991
+408,825
| +130% | +$18.2M |
|
442
Itaú Unibanco
ITUB
$82.4B
| $30.9M | 0.06% |
6,967,326
+3,210,165
| +85% | +$15.7M |
|
|
HOS
443
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $30.9M | 0.06% |
1,640,164
+72,116
| +5% | +$1.5M |
|
444
CALL
Perrigo
PRGO
$1.98B
| $30.8M | 0.06% |
200,000
+97,300
| +95% | +$15.5M |
|
445
LyondellBasell Industries
LYB
$21.8B
| $30.7M | 0.06% |
349,642
+189,382
| +118% | +$15.9M |
|
446
Williams Companies
WMB
$86.2B
| $30.7M | 0.06% |
606,086
-219,383
| -27% | -$10.2M |
|
447
Meritage Homes
MTH
$4.67B
| $30.6M | 0.06% |
1,259,538
-8,208
| -0.6% | -$166K |
|
|
FLIR
448
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $30.6M | 0.06% |
978,067
+258,809
| +36% | +$8.16M |
|
449
Palo Alto Networks
PANW
$292B
| $30.5M | 0.06% |
1,254,090
-75,066
| -6% | -$1.68M |
|
|
FCS
450
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $30.3M | 0.06% |
1,666,178
+795,488
| +91% | +$13.5M |
|
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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.