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 | |
|---|---|---|---|---|---|---|
|
MXIM
651
DELISTED
Maxim Integrated Products
MXIM
| $20.5M | 0.04% |
588,577
+237,957
| +68% | +$8.12M |
|
652
Phillips 66
PSX
$96.9B
| $20.5M | 0.04% |
260,494
+253,050
| +3,399% | +$18.6M |
|
|
MBLY
653
DELISTED
Mobileye N.V.
MBLY
| $20.5M | 0.04% |
486,894
+89,586
| +23% | +$3.49M |
|
654
Snap-on
SNA
$20.3B
| $20.4M | 0.04% |
138,796
+105,169
| +313% | +$14.8M |
|
|
HT
655
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $20.4M | 0.04% |
787,854
-78,460
| -9% | -$2.11M |
|
656
Prudential Financial
PRU
$41.8B
| $20.4M | 0.04% |
253,602
-5,344
| -2% | -$433K |
|
657
First American
FAF
$7.33B
| $20.3M | 0.04% |
+568,870
| New | +$19.8M |
|
|
OCR
658
DELISTED
OMNICARE INC
OCR
| $20.2M | 0.04% |
262,379
+220,283
| +523% | +$16.7M |
|
659
FerroAtlántica
GSM
$762M
| $20.2M | 0.04% |
1,065,932
-97,271
| -8% | -$1.64M |
|
660
PUT
Kinder Morgan
KMI
$69B
| $20.1M | 0.04% |
478,600
+146,200
| +44% | +$6.05M |
|
661
Oceaneering
OII
$5.28B
| $20.1M | 0.04% |
372,720
-463,773
| -55% | -$24.7M |
|
|
ROIC
662
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $20M | 0.04% |
1,092,092
+987,958
| +949% | +$17.3M |
|
663
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $20M | 0.04% |
944,188
+446,789
| +90% | +$9.45M |
|
664
A.O. Smith
AOS
$8.57B
| $19.9M | 0.04% |
607,536
+455,780
| +300% | +$13.9M |
|
|
HES
665
DELISTED
Hess
HES
| $19.9M | 0.04% |
293,289
-133,522
| -31% | -$9.52M |
|
666
Equifax
EFX
$22.6B
| $19.8M | 0.04% |
213,236
+207,222
| +3,446% | +$18.4M |
|
667
KB Home
KBH
$3.39B
| $19.8M | 0.04% |
1,264,551
+1,203,051
| +1,956% | +$16.8M |
|
|
ICPT
668
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $19.7M | 0.04% |
70,000
+39,000
| +126% | +$8.45M |
|
669
Boise Cascade
BCC
$2.88B
| $19.7M | 0.04% |
526,867
+38,646
| +8% | +$1.49M |
|
|
SPLK
670
DELISTED
Splunk Inc
SPLK
| $19.7M | 0.04% |
332,792
+184,569
| +125% | +$11.2M |
|
671
JD.com
JD
$39.7B
| $19.7M | 0.04% |
669,488
+629,488
| +1,574% | +$16.9M |
|
|
GHL
672
DELISTED
Greenhill & Co., Inc.
GHL
| $19.6M | 0.04% |
494,364
+412,460
| +504% | +$16.1M |
|
673
JB Hunt Transport Services
JBHT
$25.9B
| $19.6M | 0.04% |
229,459
+217,759
| +1,861% | +$18.2M |
|
|
BDSI
674
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $19.6M | 0.04% |
1,862,592
+1,583,971
| +569% | +$21.6M |
|
675
Olin
OLN
$2.1B
| $19.5M | 0.04% |
609,923
-180,425
| -23% | -$4.84M |
|
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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.