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 | |
|---|---|---|---|---|---|---|
26
Danaher
DHR
$154B
| $205M | 0.38% |
3,598,075
+2,630,901
| +272% | +$151M |
|
27
Biogen
BIIB
$32B
| $203M | 0.38% |
480,022
+27,318
| +6% | +$10.8M |
|
28
McDonald's
MCD
$192B
| $200M | 0.37% |
2,053,323
-576,147
| -22% | -$54.7M |
|
|
MNK
29
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $198M | 0.37% |
1,567,068
+739,486
| +89% | +$84.5M |
|
30
Altria Group
MO
$110B
| $191M | 0.36% |
3,823,210
+3,680,444
| +2,578% | +$195M |
|
31
Amazon
AMZN
$2.79T
| $191M | 0.35% |
10,245,460
+10,149,460
| +10,572% | +$178M |
|
32
Medtronic
MDT
$119B
| $185M | 0.34% |
2,366,410
-444,212
| -16% | -$33.7M |
|
33
Bausch Health
BHC
$2.41B
| $181M | 0.34% |
913,210
-263,552
| -22% | -$46.8M |
|
34
McKesson
MCK
$100B
| $179M | 0.33% |
792,446
+377,174
| +91% | +$83.7M |
|
35
ExxonMobil
XOM
$679B
| $179M | 0.33% |
2,100,738
+1,535,882
| +272% | +$136M |
|
|
DYN
36
DELISTED
Dynegy, Inc.
DYN
| $174M | 0.32% |
5,537,637
+668,045
| +14% | +$19.1M |
|
37
NRG Energy
NRG
$23.8B
| $172M | 0.32% |
6,814,454
+638,216
| +10% | +$16.1M |
|
|
GGP
38
DELISTED
GGP Inc.
GGP
| $171M | 0.32% |
5,779,260
+4,078,257
| +240% | +$122M |
|
|
DISH
39
DELISTED
DISH Network Corp.
DISH
| $162M | 0.3% |
2,308,804
+682,385
| +42% | +$50.3M |
|
40
Edwards Lifesciences
EW
$51.8B
| $161M | 0.3% |
6,782,526
+2,587,464
| +62% | +$58M |
|
|
SHPG
41
DELISTED
Shire pic
SHPG
| $160M | 0.3% |
669,680
+112,155
| +20% | +$25.8M |
|
|
DFS
42
DELISTED
Discover Financial Services
DFS
| $159M | 0.3% |
2,822,270
+1,671,362
| +145% | +$99M |
|
|
GPOR
43
DELISTED
Gulfport Energy Corp.
GPOR
| $158M | 0.29% |
3,433,733
+193,886
| +6% | +$8.2M |
|
|
AGN
44
DELISTED
Allergan plc
AGN
| $157M | 0.29% |
527,277
+14,519
| +3% | +$4.14M |
|
|
ALXN
45
DELISTED
Alexion Pharmaceuticals
ALXN
| $157M | 0.29% |
903,356
+563,534
| +166% | +$102M |
|
46
General Dynamics
GD
$104B
| $154M | 0.29% |
1,136,820
+194,328
| +21% | +$26.7M |
|
47
Coca-Cola
KO
$392B
| $154M | 0.29% |
3,801,006
+1,577,294
| +71% | +$66M |
|
|
WLL
48
DELISTED
Whiting Petroleum Corporation
WLL
| $154M | 0.29% |
16,606
-3,229
| -16% | -$32.7M |
|
49
Tyson Foods
TSN
$20.6B
| $151M | 0.28% |
3,930,082
+343,297
| +10% | +$13.7M |
|
50
BioMarin Pharmaceuticals
BMRN
$12.9B
| $149M | 0.28% |
1,193,642
+277,210
| +30% | +$29.4M |
|
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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.