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 | |
|---|---|---|---|---|---|---|
551
Kaiser Aluminum
KALU
$2.52B
| $25M | 0.05% |
325,226
+321,409
| +8,420% | +$23.6M |
|
|
PX
552
DELISTED
Praxair Inc
PX
| $24.9M | 0.05% |
+206,574
| New | +$25.8M |
|
553
Hancock Whitney
HWC
$6.05B
| $24.9M | 0.05% |
834,328
-739,390
| -47% | -$21.2M |
|
|
DOC
554
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $24.9M | 0.05% |
1,414,668
+818,152
| +137% | +$13.8M |
|
555
Incyte
INCY
$25.9B
| $24.9M | 0.05% |
271,358
+138,509
| +104% | +$11.5M |
|
556
Arthur J. Gallagher & Co
AJG
$67.6B
| $24.9M | 0.05% |
531,736
-1,248,907
| -70% | -$58.3M |
|
557
Alkermes
ALKS
$8.11B
| $24.8M | 0.05% |
406,839
+114,464
| +39% | +$7.82M |
|
|
GTLS
558
DELISTED
Chart Industries
GTLS
| $24.8M | 0.05% |
706,906
+518,011
| +274% | +$16.6M |
|
|
HAR
559
DELISTED
Harman International Industries
HAR
| $24.8M | 0.05% |
185,210
+30,718
| +20% | +$3.82M |
|
|
BNCL
560
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $24.7M | 0.05% |
2,192,081
+2,149,550
| +5,054% | +$23.8M |
|
561
Royal Gold
RGLD
$21.9B
| $24.7M | 0.05% |
392,046
+360,269
| +1,134% | +$24.8M |
|
562
CALL
SM Energy
SM
$8.85B
| $24.7M | 0.05% |
478,700
-186,100
| -28% | -$8.08M |
|
|
PKY
563
DELISTED
Parkway, Inc.
PKY
| $24.7M | 0.05% |
1,421,969
+340,033
| +31% | +$6.06M |
|
|
VWR
564
DELISTED
VWR Corporation
VWR
| $24.7M | 0.05% |
948,637
+232,728
| +33% | +$5.79M |
|
|
TARO
565
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $24.5M | 0.05% |
173,991
+22,914
| +15% | +$3.53M |
|
|
UPL
566
PUT
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $24.4M | 0.05% |
1,562,700
-586,500
| -27% | -$8.52M |
|
567
AstraZeneca
AZN
$257B
| $24.4M | 0.05% |
356,709
-722,335
| -67% | -$50.2M |
|
568
Caterpillar
CAT
$381B
| $24.4M | 0.05% |
304,898
-64,294
| -17% | -$5.34M |
|
569
Lennox International
LII
$13.9B
| $24.2M | 0.05% |
216,950
-183,134
| -46% | -$18.9M |
|
570
Vishay Intertechnology
VSH
$4.85B
| $24.2M | 0.05% |
1,749,808
+635,105
| +57% | +$8.76M |
|
|
BRFS
571
DELISTED
BRF SA
BRFS
| $24.1M | 0.04% |
1,220,591
+457,528
| +60% | +$10.2M |
|
572
Insmed
INSM
$27.5B
| $24.1M | 0.04% |
1,157,604
-970
| -0.1% | -$17.1K |
|
573
ATI
ATI
$28.2B
| $24M | 0.04% |
801,174
+18,260
| +2% | +$568K |
|
|
FPRX
574
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $24M | 0.04% |
1,049,625
+703,853
| +204% | +$17.8M |
|
575
Regency Centers
REG
$13.9B
| $24M | 0.04% |
352,289
+218,948
| +164% | +$14.7M |
|
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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.