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 | |
|---|---|---|---|---|---|---|
451
Scorpio Tankers
STNG
$3.93B
| $26.1M | 0.05% |
284,360
+260,953
| +1,115% | +$26.1M |
|
452
Olin
OLN
$2.1B
| $26.1M | 0.05% |
1,550,203
+745,841
| +93% | +$15.8M |
|
|
AMAG
453
DELISTED
AMAG Pharmaceuticals
AMAG
| $26.1M | 0.05% |
655,675
-440,963
| -40% | -$27.4M |
|
454
United Airlines
UAL
$36.7B
| $25.9M | 0.05% |
488,634
-390,641
| -44% | -$22M |
|
455
American Eagle Outfitters
AEO
$2.71B
| $25.8M | 0.05% |
1,649,708
+1,335,353
| +425% | +$22.8M |
|
|
CXO
456
DELISTED
CONCHO RESOURCES INC.
CXO
| $25.8M | 0.05% |
261,992
-1,094,885
| -81% | -$115M |
|
457
EastGroup Properties
EGP
$10.8B
| $25.7M | 0.05% |
+474,216
| New | +$26.8M |
|
458
Dick's Sporting Goods
DKS
$16.4B
| $25.6M | 0.05% |
516,772
+25,444
| +5% | +$1.28M |
|
459
Watsco Inc
WSO
$12.9B
| $25.6M | 0.05% |
216,292
-69,064
| -24% | -$8.61M |
|
460
Cousins Properties
CUZ
$4.89B
| $25.6M | 0.05% |
982,463
+650,135
| +196% | +$17.9M |
|
|
SBNY
461
DELISTED
Signature Bank
SBNY
| $25.5M | 0.05% |
185,569
+75,842
| +69% | +$10.7M |
|
462
Ford
F
$57.5B
| $25.4M | 0.05% |
1,872,520
+1,228,112
| +191% | +$17.5M |
|
|
USG
463
DELISTED
Usg
USG
| $25.4M | 0.05% |
952,673
+308,160
| +48% | +$9.04M |
|
464
AMC Global Media
AMCX
$511M
| $25.3M | 0.05% |
345,371
+101,795
| +42% | +$7.86M |
|
465
Hyatt Hotels
H
$17B
| $25.3M | 0.05% |
536,118
+117,064
| +28% | +$6.24M |
|
466
Magna International
MGA
$19.5B
| $25.2M | 0.05% |
525,914
-250,875
| -32% | -$13M |
|
467
ExxonMobil
XOM
$679B
| $25.2M | 0.05% |
339,500
-405,479
| -54% | -$31.2M |
|
468
Wintrust Financial
WTFC
$10.3B
| $25.2M | 0.05% |
470,896
+30,822
| +7% | +$1.63M |
|
|
469
PUT
ExxonMobil
XOM
$679B
| $25.1M | 0.05% |
+337,500
| New | +$26M |
|
|
ETP
470
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $25M | 0.05% |
609,900
-856,500
| -58% | -$41.5M |
|
471
Helix Energy Solutions
HLX
$1.53B
| $24.8M | 0.05% |
5,181,993
+3,710,922
| +252% | +$29.6M |
|
|
CBL
472
DELISTED
CBL& Associates Properties, Inc.
CBL
| $24.8M | 0.05% |
1,803,073
+1,182,546
| +191% | +$18.3M |
|
473
Prudential Financial
PRU
$41.8B
| $24.8M | 0.05% |
+325,035
| New | +$27.3M |
|
474
Waste Management
WM
$89.6B
| $24.6M | 0.05% |
494,410
-276,541
| -36% | -$13.8M |
|
475
Essent Group
ESNT
$6.12B
| $24.5M | 0.05% |
985,182
+757,357
| +332% | +$20.8M |
|
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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.