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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.04% |
| 2 | Energy | 12.07% |
| 3 | Financials | 9.11% |
| 4 | Consumer Discretionary | 8.85% |
| 5 | Industrials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TMH
676
DELISTED
Team Health Holdings Inc
TMH
| $18M | 0.03% |
275,513
-354,925
| -56% | -$21.4M |
|
|
TYC
677
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $17.9M | 0.03% |
444,751
-646,807
| -59% | -$27.6M |
|
|
USG
678
DELISTED
Usg
USG
| $17.9M | 0.03% |
644,513
-179,464
| -22% | -$4.93M |
|
679
Corpay
CPAY
$27.2B
| $17.8M | 0.03% |
+114,211
| New | +$17.9M |
|
|
DBVT
680
DBV Technologies
DBVT
$889M
| $17.6M | 0.03% |
59,220
+21,634
| +58% | +$5.59M |
|
|
ELGX
681
DELISTED
Endologix Inc
ELGX
| $17.6M | 0.03% |
114,528
+25,573
| +29% | +$4.22M |
|
682
Voya Financial
VOYA
$8.98B
| $17.6M | 0.03% |
377,735
-2,542,882
| -87% | -$115M |
|
683
IQVIA
IQV
$42.8B
| $17.5M | 0.03% |
240,537
-158,124
| -40% | -$10.8M |
|
|
CDK
684
DELISTED
CDK Global, Inc.
CDK
| $17.4M | 0.03% |
322,713
+204,102
| +172% | +$10.5M |
|
685
Waters Corp
WAT
$40.4B
| $17.3M | 0.03% |
134,733
-94,452
| -41% | -$12.3M |
|
686
PUT
APA Corp
APA
$15.1B
| $17.3M | 0.03% |
+300,000
| New | +$18.9M |
|
687
Televisa
TV
$1.48B
| $17.3M | 0.03% |
445,147
-390,723
| -47% | -$14.4M |
|
|
ETFC
688
DELISTED
E*Trade Financial Corporation
ETFC
| $17.3M | 0.03% |
576,075
+72,005
| +14% | +$2.12M |
|
|
CQH
689
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $17.2M | 0.03% |
733,693
+148,280
| +25% | +$3.65M |
|
690
Sprouts Farmers Market
SFM
$8.03B
| $17.2M | 0.03% |
636,814
-456,263
| -42% | -$14M |
|
|
UPL
691
PUT
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $17.2M | 0.03% |
1,371,100
-191,600
| -12% | -$2.91M |
|
692
Armstrong World Industries
AWI
$7.53B
| $17.2M | 0.03% |
321,937
-491,444
| -60% | -$27.4M |
|
693
Burlington
BURL
$20.8B
| $17.1M | 0.03% |
334,842
-223,546
| -40% | -$11.9M |
|
|
MDVN
694
CALL
DELISTED
MEDIVATION, INC.
MDVN
| $17.1M | 0.03% |
+300,000
| New | +$18.5M |
|
695
PUT
Charter Communications
CHTR
$17.9B
| $17.1M | 0.03% |
+100,000
| New | +$18M |
|
696
Cabot Corp
CBT
$4.33B
| $17.1M | 0.03% |
458,839
-2,093
| -0.5% | -$90.3K |
|
697
Packaging Corp of America
PKG
$22.2B
| $17.1M | 0.03% |
+273,487
| New | +$19.2M |
|
|
VXX
698
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $17.1M | 0.03% |
53,123
+41,630
| +362% | +$13.5M |
|
|
KSU
699
DELISTED
Kansas City Southern
KSU
| $17.1M | 0.03% |
187,001
+2,907
| +2% | +$287K |
|
|
GWR
700
DELISTED
Genesee & Wyoming Inc.
GWR
| $17.1M | 0.03% |
223,823
-106,089
| -32% | -$9.34M |
|
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Israel Englander's Q2 2015 Portfolio in Review
As of Q2 2015, Israel Englander held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 16% a quarter earlier, followed by Energy and Financials.
- Israel Englander's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Israel Englander added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Israel Englander's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Israel Englander fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Israel Englander's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Israel Englander opened 780 new positions and closed 1,034 in Q2 2015.
- Israel Englander's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.