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 | |
|---|---|---|---|---|---|---|
526
Sun Communities
SUI
$14.8B
| $26.2M | 0.05% |
392,644
+389,068
| +10,880% | +$26.1M |
|
527
MasTec
MTZ
$21.4B
| $26.2M | 0.05% |
1,355,628
+1,035,557
| +324% | +$20.7M |
|
|
TXNM
528
TXNM Energy Inc
TXNM
$5.9B
| $26.1M | 0.05% |
893,507
-543,697
| -38% | -$15.8M |
|
|
IDTI
529
DELISTED
Integrated Device Technology I
IDTI
| $25.9M | 0.05% |
1,296,138
+814,965
| +169% | +$16M |
|
530
MGM Resorts International
MGM
$11B
| $25.8M | 0.05% |
1,228,693
+17,136
| +1% | +$359K |
|
531
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $25.8M | 0.05% |
+125,000
| New | +$24.2M |
|
|
SIAL
532
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $25.7M | 0.05% |
185,899
+165,948
| +832% | +$22.9M |
|
533
Best Buy
BBY
$18.1B
| $25.6M | 0.05% |
678,304
-11,980
| -2% | -$458K |
|
|
TMX
534
DELISTED
Terminix Global Holdings, Inc.
TMX
| $25.6M | 0.05% |
1,133,593
+1,101,573
| +3,440% | +$23.2M |
|
535
Edgewell Personal Care
EPC
$1.32B
| $25.6M | 0.05% |
250,354
-105,836
| -30% | -$10.5M |
|
|
PCYC
536
CALL
DELISTED
PHARMACYCLICS INC
PCYC
| $25.6M | 0.05% |
+100,000
| New | +$19.3M |
|
|
WBA
537
DELISTED
Walgreens Boots Alliance
WBA
| $25.6M | 0.05% |
302,163
-534,044
| -64% | -$42.5M |
|
538
BWX Technologies
BWXT
$14.4B
| $25.5M | 0.05% |
1,113,040
+924,539
| +490% | +$19.4M |
|
539
Dick's Sporting Goods
DKS
$16.4B
| $25.5M | 0.05% |
448,103
+436,303
| +3,697% | +$23.9M |
|
540
PUT
Intuitive Surgical
ISRG
$134B
| $25.5M | 0.05% |
+454,500
| New | +$25.7M |
|
541
Honeywell
HON
$68.4B
| $25.5M | 0.05% |
271,707
-86,193
| -24% | -$7.89M |
|
542
Targa Resources
TRGP
$64.1B
| $25.4M | 0.05% |
265,610
-195,079
| -42% | -$18.3M |
|
|
543
CALL
Intuitive Surgical
ISRG
$134B
| $25.4M | 0.05% |
452,700
+422,100
| +1,379% | +$23.9M |
|
|
POT
544
DELISTED
Potash Corp Of Saskatchewan
POT
| $25.4M | 0.05% |
787,293
+553,191
| +236% | +$19.5M |
|
545
Delek US
DK
$4.38B
| $25.4M | 0.05% |
638,154
-19,530
| -3% | -$646K |
|
546
Primerica
PRI
$9.1B
| $25.4M | 0.05% |
498,187
+380,657
| +324% | +$19.8M |
|
|
BHI
547
CALL
DELISTED
Baker Hughes
BHI
| $25.2M | 0.05% |
396,700
-154,300
| -28% | -$9.31M |
|
548
TJX Companies
TJX
$155B
| $25.1M | 0.05% |
715,562
-285,606
| -29% | -$9.72M |
|
|
TIVO
549
DELISTED
Tivo Inc
TIVO
| $25M | 0.05% |
1,375,315
+871,931
| +173% | +$19.5M |
|
550
LXP Industrial Trust
LXP
$3.59B
| $25M | 0.05% |
509,279
+455,619
| +849% | +$24.7M |
|
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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.