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 | |
|---|---|---|---|---|---|---|
|
MRD
51
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $148M | 0.28% |
8,355,695
+2,809,641
| +51% | +$52.5M |
|
|
BHI
52
DELISTED
Baker Hughes
BHI
| $147M | 0.27% |
2,316,864
+675,161
| +41% | +$40.7M |
|
53
Crown Castle
CCI
$32.1B
| $145M | 0.27% |
1,758,653
+831,601
| +90% | +$70.8M |
|
|
SLXP
54
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $145M | 0.27% |
838,953
+327,770
| +64% | +$48.1M |
|
55
Dollar General
DG
$27.2B
| $143M | 0.27% |
1,892,542
+1,222,927
| +183% | +$86.5M |
|
56
Cisco
CSCO
$438B
| $142M | 0.27% |
5,175,925
+1,875,632
| +57% | +$52.8M |
|
|
AXLL
57
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $142M | 0.26% |
3,015,534
+1,751,989
| +139% | +$79M |
|
|
HOLX
58
DELISTED
Hologic
HOLX
| $141M | 0.26% |
4,278,388
+1,886,543
| +79% | +$57.9M |
|
59
EQT Corp
EQT
$33.6B
| $138M | 0.26% |
3,067,160
+1,510,150
| +97% | +$64M |
|
|
NRF
60
DELISTED
NorthStar Realty Finance Corp.
NRF
| $138M | 0.26% |
3,804,316
+1,423,343
| +60% | +$52.7M |
|
61
Diamondback Energy
FANG
$59B
| $136M | 0.25% |
1,763,852
-410,579
| -19% | -$28.5M |
|
62
Molson Coors Class B
TAP
$8.01B
| $132M | 0.25% |
1,777,873
+698,492
| +65% | +$52.6M |
|
63
Tenaris
TS
$26.6B
| $131M | 0.24% |
4,691,736
+791,331
| +20% | +$22.6M |
|
64
Expedia Group
EXPE
$38.6B
| $131M | 0.24% |
1,391,861
+588,340
| +73% | +$52.2M |
|
|
CAM
65
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $130M | 0.24% |
2,873,099
-2,812,375
| -49% | -$128M |
|
66
Advance Auto Parts
AAP
$2.57B
| $128M | 0.24% |
855,393
+642,752
| +302% | +$99.1M |
|
|
LVLT
67
DELISTED
Level 3 Communications Inc
LVLT
| $128M | 0.24% |
2,376,227
+796,350
| +50% | +$41.5M |
|
|
BRCM
68
DELISTED
BROADCOM CORP CL-A
BRCM
| $127M | 0.24% |
2,936,729
+766,271
| +35% | +$33.4M |
|
69
Voya Financial
VOYA
$8.86B
| $126M | 0.23% |
2,920,617
+1,217,222
| +71% | +$51.3M |
|
70
Allison Transmission
ALSN
$11B
| $125M | 0.23% |
3,903,842
+2,113,426
| +118% | +$67.8M |
|
71
Southwest Airlines
LUV
$19.8B
| $124M | 0.23% |
2,802,081
-192,364
| -6% | -$8.4M |
|
|
EGN
72
DELISTED
Energen
EGN
| $123M | 0.23% |
1,867,051
-483,072
| -21% | -$31.1M |
|
73
Northrop Grumman
NOC
$78.3B
| $121M | 0.23% |
752,297
+667,925
| +792% | +$107M |
|
|
YHOO
74
DELISTED
Yahoo Inc
YHOO
| $121M | 0.22% |
2,713,105
+990,709
| +58% | +$44.8M |
|
75
Global Payments
GPN
$24.7B
| $120M | 0.22% |
2,617,722
+1,993,356
| +319% | +$88.9M |
|
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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.