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 | |
|---|---|---|---|---|---|---|
|
TRW
701
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $18.5M | 0.03% |
176,449
-125,492
| -42% | -$13M |
|
702
SEI Investments
SEIC
$13.4B
| $18.5M | 0.03% |
419,488
-87,878
| -17% | -$3.69M |
|
703
RLJ Lodging Trust
RLJ
$1.74B
| $18.5M | 0.03% |
589,377
+539,219
| +1,075% | +$17.8M |
|
|
FTR
704
DELISTED
Frontier Communications Corp.
FTR
| $18.4M | 0.03% |
174,447
+160,633
| +1,163% | +$17.8M |
|
705
Viasat
VSAT
$10B
| $18.4M | 0.03% |
308,757
+17,508
| +6% | +$1.06M |
|
706
State Street Technology Select Sector SPDR ETF
XLK
$118B
| $18.4M | 0.03% |
886,944
+521,226
| +143% | +$10.9M |
|
707
Timken Company
TKR
$8.49B
| $18.4M | 0.03% |
435,740
+179,352
| +70% | +$7.44M |
|
|
UPL
708
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $18.3M | 0.03% |
1,170,655
+1,003,946
| +602% | +$14.6M |
|
709
Revvity
RVTY
$13.7B
| $18.3M | 0.03% |
357,525
-63,558
| -15% | -$2.94M |
|
710
Fluor
FLR
$6.92B
| $18.3M | 0.03% |
319,398
+242,495
| +315% | +$13.8M |
|
711
Agnico Eagle Mines
AEM
$109B
| $18.3M | 0.03% |
653,187
-1,659,666
| -72% | -$51M |
|
712
Warner Bros
WBD
$72.2B
| $18.2M | 0.03% |
590,573
+216,354
| +58% | +$6.79M |
|
713
Clearwater Paper
CLW
$342M
| $18.1M | 0.03% |
277,575
+193,903
| +232% | +$12.9M |
|
|
ZNGA
714
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $18.1M | 0.03% |
6,359,256
+3,448,135
| +118% | +$8.9M |
|
715
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $18.1M | 0.03% |
224,973
+32,054
| +17% | +$2.57M |
|
716
Navient
NAVI
$880M
| $17.9M | 0.03% |
882,734
+18,586
| +2% | +$382K |
|
|
MRO
717
DELISTED
Marathon Oil Corporation
MRO
| $17.9M | 0.03% |
686,647
-2,033,436
| -75% | -$55.2M |
|
|
AZPN
718
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $17.9M | 0.03% |
465,017
-192,570
| -29% | -$7.41M |
|
719
ICU Medical
ICUI
$4.52B
| $17.8M | 0.03% |
191,566
-27,365
| -12% | -$2.39M |
|
720
PUT
DNOW Inc
DNOW
$2.8B
| $17.8M | 0.03% |
+823,400
| New | +$19.1M |
|
|
SFUN
721
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $17.7M | 0.03% |
59,112
+45,796
| +344% | +$15.2M |
|
|
EXPR
722
DELISTED
Express, Inc.
EXPR
| $17.7M | 0.03% |
+53,604
| New | +$15.5M |
|
723
Clean Harbors
CLH
$16.5B
| $17.7M | 0.03% |
311,615
+304,115
| +4,055% | +$15.7M |
|
724
Moody's
MCO
$87.9B
| $17.7M | 0.03% |
170,218
-184,975
| -52% | -$17.9M |
|
725
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $17.7M | 0.03% |
+194,800
| New | +$17.6M |
|
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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.