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 | |
|---|---|---|---|---|---|---|
|
CHK
601
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $22.6M | 0.04% |
7,971
+7,753
| +3,556% | +$27.4M |
|
602
PENN Entertainment
PENN
$2.5B
| $22.5M | 0.04% |
1,439,061
+156,479
| +12% | +$2.46M |
|
603
Travere Therapeutics
TVTX
$6.19B
| $22.5M | 0.04% |
+940,402
| New | +$14.3M |
|
|
CBM
604
DELISTED
Cambrex Corporation
CBM
| $22.5M | 0.04% |
566,939
+337,078
| +147% | +$9.97M |
|
605
Masco
MAS
$14.5B
| $22.5M | 0.04% |
957,237
-214,098
| -18% | -$4.86M |
|
606
iShares Silver Trust
SLV
$33.8B
| $22.5M | 0.04% |
+1,409,615
| New | +$22.6M |
|
607
Compass Minerals
CMP
$1.09B
| $22.5M | 0.04% |
240,879
+47,852
| +25% | +$4.37M |
|
|
SUM
608
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $22.4M | 0.04% |
+1,070,145
| New | +$21.8M |
|
|
RDS.A
609
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $22.4M | 0.04% |
401,260
-242,921
| -38% | -$14.4M |
|
|
TIVO
610
DELISTED
TIVO INC
TIVO
| $22.2M | 0.04% |
2,096,597
+418,994
| +25% | +$4.53M |
|
611
Sunstone Hotel Investors
SHO
$2.1B
| $22.2M | 0.04% |
1,329,201
+714,951
| +116% | +$12.3M |
|
612
Lowe's Companies
LOW
$121B
| $22.1M | 0.04% |
296,509
-1,004,235
| -77% | -$72M |
|
613
Fastenal
FAST
$58.8B
| $22M | 0.04% |
2,125,960
+2,104,588
| +9,847% | +$22.7M |
|
|
USG
614
DELISTED
Usg
USG
| $22M | 0.04% |
823,977
+620,819
| +306% | +$17.6M |
|
|
WLB
615
DELISTED
Westmoreland Coal Company
WLB
| $22M | 0.04% |
821,939
+85,122
| +12% | +$2.45M |
|
|
HSP
616
DELISTED
HOSPIRA INC
HSP
| $22M | 0.04% |
250,219
-605,905
| -71% | -$47.5M |
|
617
BioCryst Pharmaceuticals
BCRX
$2.44B
| $22M | 0.04% |
2,431,123
+2,340,855
| +2,593% | +$24.2M |
|
618
Diamondrock Hospitality Co
DRH
$2.62B
| $21.9M | 0.04% |
1,546,992
-380,719
| -20% | -$5.58M |
|
|
SFLY
619
DELISTED
Shutterfly, Inc.
SFLY
| $21.7M | 0.04% |
+480,432
| New | +$21.8M |
|
620
W.P. Carey
WPC
$16.2B
| $21.7M | 0.04% |
325,878
+287,564
| +751% | +$19.8M |
|
|
EQC
621
DELISTED
Equity Commonwealth
EQC
| $21.7M | 0.04% |
816,359
-1,500,201
| -65% | -$39.4M |
|
|
AOL
622
DELISTED
AOL INC COMMON STOCK
AOL
| $21.6M | 0.04% |
544,215
+440,585
| +425% | +$18.9M |
|
|
DBD
623
DELISTED
Diebold Nixdorf Incorporated
DBD
| $21.5M | 0.04% |
607,710
+589,060
| +3,158% | +$19.8M |
|
|
DST
624
DELISTED
DST Systems Inc.
DST
| $21.5M | 0.04% |
388,966
-153,388
| -28% | -$7.88M |
|
|
VALE.P
625
DELISTED
Vale S A
VALE.P
| $21.5M | 0.04% |
4,435,315
+1,992,408
| +82% | +$12.6M |
|
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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.