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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.58% |
| 2 | Energy | 11.62% |
| 3 | Consumer Discretionary | 8.89% |
| 4 | Financials | 8.63% |
| 5 | Technology | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Open Text
OTEX
$5.95B
| $15.1M | 0.03% |
675,696
+432,224
| +178% | +$9.35M |
|
|
ARGO
702
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $15.1M | 0.03% |
337,220
+130,252
| +63% | +$5.79M |
|
|
CPGX
703
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $15M | 0.03% |
+821,331
| New | +$21.4M |
|
704
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $15M | 0.03% |
300,000
+100,000
| +50% | +$5.27M |
|
|
IMGN
705
DELISTED
Immunogen Inc
IMGN
| $14.9M | 0.03% |
1,555,230
-2,413,542
| -61% | -$35.3M |
|
|
DRE
706
DELISTED
Duke Realty Corp.
DRE
| $14.9M | 0.03% |
783,054
-85,973
| -10% | -$1.65M |
|
|
TMX
707
DELISTED
Terminix Global Holdings, Inc.
TMX
| $14.9M | 0.03% |
663,488
-753,551
| -53% | -$18M |
|
|
THOR
708
DELISTED
THORATEC CORPORATION
THOR
| $14.9M | 0.03% |
235,568
-1,360,684
| -85% | -$80.8M |
|
709
Liberty Media Series A
FWONA
$24.6B
| $14.9M | 0.03% |
619,984
+357,144
| +136% | +$8.89M |
|
710
TIM SA
TIMB
$8.69B
| $14.9M | 0.03% |
1,572,150
-1,027,303
| -40% | -$13.1M |
|
711
Reliance Steel & Aluminium
RS
$19.5B
| $14.8M | 0.03% |
274,430
-604,891
| -69% | -$35.4M |
|
712
Blackbaud
BLKB
$2.18B
| $14.8M | 0.03% |
+263,332
| New | +$15.4M |
|
|
VSI
713
DELISTED
Vitamin Shoppe Inc.
VSI
| $14.8M | 0.03% |
452,305
+154,452
| +52% | +$5.51M |
|
714
CALL
National Fuel Gas
NFG
$7.84B
| $14.8M | 0.03% |
+295,300
| New | +$16M |
|
715
Apple Hospitality REIT
APLE
$3.92B
| $14.7M | 0.03% |
793,423
-952,052
| -55% | -$17.4M |
|
|
KW
716
DELISTED
Kennedy-Wilson Holdings
KW
| $14.7M | 0.03% |
663,587
-441,282
| -40% | -$10.9M |
|
717
Hanover Insurance
THG
$7.92B
| $14.7M | 0.03% |
189,104
-79,900
| -30% | -$6.33M |
|
|
OSG
718
Octave Specialty Group
OSG
$204M
| $14.6M | 0.03% |
1,011,051
+207,539
| +26% | +$3.37M |
|
|
SUM
719
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $14.6M | 0.03% |
822,494
+302,582
| +58% | +$6.97M |
|
|
VISN
720
Vistance Networks Inc
VISN
$2.5B
| $14.6M | 0.03% |
485,042
-1,335,360
| -73% | -$41.4M |
|
721
The Mosaic Company
MOS
$7.63B
| $14.6M | 0.03% |
468,083
-1,009,759
| -68% | -$41.7M |
|
|
VRNT
722
DELISTED
Verint Systems
VRNT
| $14.5M | 0.03% |
661,543
+317,621
| +92% | +$8.79M |
|
723
Digital Realty Trust
DLR
$69.8B
| $14.5M | 0.03% |
221,322
+214,622
| +3,203% | +$14M |
|
|
AGEN
724
Agenus
AGEN
$345M
| $14.5M | 0.03% |
160,083
+60,583
| +61% | +$8.97M |
|
|
BLCM
725
DELISTED
Bellicum Pharmaceuticals, Inc.
BLCM
| $14.4M | 0.03% |
99,262
+46,604
| +89% | +$8.55M |
|
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Israel Englander's Q3 2015 Portfolio in Review
As of Q3 2015, Israel Englander held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Israel Englander deployed $5.12B of net new capital in Q3 2015, opening 839 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 15% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Israel Englander's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Israel Englander added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Israel Englander's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Israel Englander fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Israel Englander's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Israel Englander opened 839 new positions and closed 681 in Q3 2015.
- Israel Englander's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.