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 | |
|---|---|---|---|---|---|---|
676
CubeSmart
CUBE
$9.19B
| $19.5M | 0.04% |
808,247
+537,515
| +199% | +$12.9M |
|
|
FBC
677
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $19.5M | 0.04% |
1,344,783
+18,678
| +1% | +$280K |
|
|
CLR
678
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $19.5M | 0.04% |
445,747
+409,847
| +1,142% | +$17.4M |
|
|
INXN
679
DELISTED
Interxion Holding N.V.
INXN
| $19.4M | 0.04% |
686,767
-38,079
| -5% | -$1.12M |
|
|
AKS
680
DELISTED
AK Steel Holding Corp
AKS
| $19.3M | 0.04% |
4,325,836
-1,953,744
| -31% | -$8.51M |
|
|
JOY
681
DELISTED
Joy Global Inc
JOY
| $19.3M | 0.04% |
493,512
+456,122
| +1,220% | +$19.3M |
|
682
Bread Financial
BFH
$4.07B
| $19.1M | 0.04% |
80,876
-272,880
| -77% | -$62.3M |
|
|
CHS
683
DELISTED
Chicos FAS, Inc.
CHS
| $19.1M | 0.04% |
1,077,809
+493,338
| +84% | +$8.58M |
|
684
Kosmos Energy
KOS
$1.69B
| $19.1M | 0.04% |
2,410,063
-423,480
| -15% | -$3.55M |
|
685
International Flavors & Fragrances
IFF
$21.7B
| $19.1M | 0.04% |
162,330
+137,357
| +550% | +$15.5M |
|
|
KNGT
686
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $19M | 0.04% |
590,342
+99,616
| +20% | +$3.21M |
|
687
NVR
NVR
$17B
| $19M | 0.04% |
14,317
+13,673
| +2,123% | +$17.9M |
|
688
Service Corp International
SCI
$11.5B
| $19M | 0.04% |
729,850
-412,930
| -36% | -$10M |
|
|
ARRY
689
DELISTED
Array Biopharma Inc
ARRY
| $19M | 0.04% |
2,577,465
+1,672,260
| +185% | +$11.9M |
|
690
Avient
AVNT
$4.07B
| $18.9M | 0.04% |
506,984
-189,215
| -27% | -$7.18M |
|
691
ITT
ITT
$18.4B
| $18.9M | 0.04% |
473,484
-642,516
| -58% | -$25.1M |
|
|
JNS
692
DELISTED
Janus Capital Group Inc
JNS
| $18.9M | 0.04% |
1,099,116
-393,758
| -26% | -$6.72M |
|
|
KSU
693
DELISTED
Kansas City Southern
KSU
| $18.8M | 0.04% |
184,094
+145,092
| +372% | +$16.4M |
|
694
Novartis
NVS
$301B
| $18.8M | 0.04% |
212,598
-188,635
| -47% | -$16.7M |
|
695
SLB Ltd
SLB
$80B
| $18.8M | 0.03% |
225,088
+192,308
| +587% | +$16M |
|
696
PUT
General Motors
GM
$76.4B
| $18.8M | 0.03% |
+500,000
| New | +$18.2M |
|
|
CMA.WS
697
DELISTED
Comerica Incorporated Ws
CMA.WS
| $18.7M | 0.03% |
1,156,196
-51,400
| -4% | -$810K |
|
698
Pitney Bowes
PBI
$2.26B
| $18.7M | 0.03% |
802,192
-97,192
| -11% | -$2.26M |
|
699
BGC Group
BGC
$5.59B
| $18.6M | 0.03% |
3,054,917
+963,195
| +46% | +$5.48M |
|
|
QTS
700
DELISTED
QTS REALTY TRUST, INC.
QTS
| $18.5M | 0.03% |
509,047
+501,558
| +6,697% | +$18.6M |
|
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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.