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 | |
|---|---|---|---|---|---|---|
|
ATHN
501
DELISTED
Athenahealth, Inc.
ATHN
| $27.5M | 0.05% |
229,966
+188,249
| +451% | +$25.1M |
|
|
CYT
502
DELISTED
CYTEC INDS INC
CYT
| $27.4M | 0.05% |
507,495
+191,689
| +61% | +$9.56M |
|
|
AMJ
503
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $27.3M | 0.05% |
638,435
+337,796
| +112% | +$14.9M |
|
504
Clorox
CLX
$12.9B
| $27.3M | 0.05% |
247,268
-265,141
| -52% | -$28.8M |
|
|
SUNE
505
DELISTED
SUNEDISON, INC COM
SUNE
| $27.2M | 0.05% |
1,134,758
+640,614
| +130% | +$13.8M |
|
506
Spire
SR
$4.78B
| $27.2M | 0.05% |
531,516
-468,906
| -47% | -$24.6M |
|
507
Terex
TEX
$7.6B
| $27.1M | 0.05% |
1,020,095
+90,668
| +10% | +$2.29M |
|
508
Vornado Realty Trust
VNO
$7.07B
| $27.1M | 0.05% |
299,547
-31,056
| -9% | -$2.79M |
|
509
Cardinal Health
CAH
$53.4B
| $27.1M | 0.05% |
299,941
-466,651
| -61% | -$40.2M |
|
510
Chubb
CB
$132B
| $27M | 0.05% |
242,298
+160,862
| +198% | +$18.1M |
|
511
SM Energy
SM
$8.85B
| $27M | 0.05% |
522,269
-397,396
| -43% | -$17.2M |
|
|
MEG
512
DELISTED
Media General, Inc
MEG
| $26.9M | 0.05% |
1,634,105
+1,106,441
| +210% | +$17.3M |
|
|
PTLA
513
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $26.9M | 0.05% |
707,669
+344,878
| +95% | +$11.8M |
|
514
Brookdale Senior Living
BKD
$2.82B
| $26.8M | 0.05% |
709,480
-862,911
| -55% | -$31.6M |
|
515
Yum! Brands
YUM
$41.8B
| $26.8M | 0.05% |
473,382
+70,059
| +17% | +$3.82M |
|
|
STL
516
DELISTED
Sterling Bancorp
STL
| $26.8M | 0.05% |
1,994,893
+1,169,025
| +142% | +$15.9M |
|
517
IQVIA
IQV
$42.8B
| $26.7M | 0.05% |
398,661
+180,019
| +82% | +$11.3M |
|
|
HDS
518
DELISTED
HD Supply Holdings, Inc.
HDS
| $26.7M | 0.05% |
856,081
-1,235,701
| -59% | -$35.9M |
|
519
HUB Group
HUBG
$2.49B
| $26.5M | 0.05% |
1,351,204
+453,218
| +50% | +$8.54M |
|
520
Xylem
XYL
$26.5B
| $26.5M | 0.05% |
756,836
+704,468
| +1,345% | +$24.8M |
|
|
TIME
521
DELISTED
Time Inc.
TIME
| $26.5M | 0.05% |
1,180,240
+635,209
| +117% | +$15.2M |
|
522
Herc Holdings
HRI
$5.41B
| $26.5M | 0.05% |
407,047
+389,967
| +2,283% | +$26.1M |
|
523
Fidelity National Financial
FNF
$12.7B
| $26.4M | 0.05% |
1,035,952
+668,772
| +182% | +$16.9M |
|
524
Constellium
CSTM
$3.66B
| $26.4M | 0.05% |
1,299,878
+1,215,577
| +1,442% | +$22.8M |
|
|
CIT
525
DELISTED
CIT Group Inc.
CIT
| $26.4M | 0.05% |
584,436
+128,321
| +28% | +$5.83M |
|
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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.