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 | |
|---|---|---|---|---|---|---|
|
RCAP
476
DELISTED
RCS CAPITAL CORPORATION CLASS A COM
RCAP
| $28.8M | 0.05% |
2,704,198
+37,113
| +1% | +$396K |
|
|
AEGR
477
DELISTED
Aegerion Pharmaceuticals
AEGR
| $28.7M | 0.05% |
1,096,237
-431,620
| -28% | -$11M |
|
|
TVTY
478
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $28.6M | 0.05% |
1,453,859
+646,961
| +80% | +$13.5M |
|
479
Johnson Controls International
JCI
$86.7B
| $28.6M | 0.05% |
541,742
-239,045
| -31% | -$12.1M |
|
480
AngloGold Ashanti
AU
$61.3B
| $28.6M | 0.05% |
3,060,550
+1,313,057
| +75% | +$14.1M |
|
|
WBC
481
DELISTED
WABCO HOLDINGS INC.
WBC
| $28.5M | 0.05% |
232,113
+130,959
| +129% | +$14.2M |
|
482
Waters Corp
WAT
$40.4B
| $28.5M | 0.05% |
229,185
+116,778
| +104% | +$13.9M |
|
483
ICICI Bank
IBN
$107B
| $28.5M | 0.05% |
+3,022,250
| New | +$31.4M |
|
|
WRI
484
DELISTED
Weingarten Realty Investors
WRI
| $28.3M | 0.05% |
787,469
+223,011
| +40% | +$8.12M |
|
485
First Industrial Realty Trust
FR
$8.34B
| $28.3M | 0.05% |
1,321,887
+913,706
| +224% | +$19.6M |
|
|
PRAH
486
DELISTED
PRA Health Sciences, Inc.
PRAH
| $28.3M | 0.05% |
980,930
+524,750
| +115% | +$14.6M |
|
|
ACOR
487
DELISTED
Acorda Therapeutics
ACOR
| $28.3M | 0.05% |
7,076
+5,665
| +401% | +$25.9M |
|
488
First Horizon
FHN
$11.7B
| $28.2M | 0.05% |
1,974,356
+1,874,457
| +1,876% | +$25.8M |
|
489
Nelnet
NNI
$4.55B
| $28.2M | 0.05% |
596,123
-73,357
| -11% | -$3.38M |
|
490
Prothena Corp
PRTA
$485M
| $28.2M | 0.05% |
738,429
-128,617
| -15% | -$3.3M |
|
|
IOC
491
DELISTED
Interoil Corporation
IOC
| $28.1M | 0.05% |
609,574
+242,620
| +66% | +$10.4M |
|
492
Ametek
AME
$54.9B
| $28.1M | 0.05% |
534,525
+523,810
| +4,889% | +$26.8M |
|
|
TSRO
493
DELISTED
TESARO, Inc.
TSRO
| $28M | 0.05% |
488,034
-289,039
| -37% | -$13.6M |
|
494
Polaris
PII
$3.66B
| $28M | 0.05% |
198,464
+17,600
| +10% | +$2.59M |
|
|
OUTR
495
DELISTED
OUTERWALL INC
OUTR
| $27.9M | 0.05% |
421,375
+125,589
| +42% | +$8.4M |
|
|
SGEN
496
DELISTED
Seagen Inc. Common Stock
SGEN
| $27.8M | 0.05% |
785,805
-14,674
| -2% | -$501K |
|
|
AVOL
497
DELISTED
AVOLON HLDGS LTD SHS (CYM)
AVOL
| $27.6M | 0.05% |
1,296,858
+389,530
| +43% | +$7.83M |
|
498
Televisa
TV
$1.47B
| $27.6M | 0.05% |
835,870
+398,849
| +91% | +$13.4M |
|
499
Verizon
VZ
$205B
| $27.6M | 0.05% |
567,290
+217,882
| +62% | +$10.5M |
|
500
Flotek Industries
FTK
$894M
| $27.5M | 0.05% |
311,436
+31,047
| +11% | +$3.04M |
|
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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.