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 | |
|---|---|---|---|---|---|---|
|
HOT
51
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $150M | 0.28% |
1,846,144
+847,173
| +85% | +$70.9M |
|
|
SHPG
52
DELISTED
Shire pic
SHPG
| $150M | 0.28% |
619,403
-50,277
| -8% | -$12.5M |
|
53
Simon Property Group
SPG
$70.6B
| $143M | 0.27% |
823,829
+820,652
| +25,831% | +$151M |
|
54
DuPont de Nemours
DD
$18.7B
| $142M | 0.27% |
1,093,730
+304,478
| +39% | +$39.4M |
|
55
BioMarin Pharmaceuticals
BMRN
$12.9B
| $142M | 0.27% |
1,035,642
-158,000
| -13% | -$19.6M |
|
56
T-Mobile US
TMUS
$196B
| $141M | 0.27% |
3,639,257
+91,326
| +3% | +$3.27M |
|
|
DFS
57
DELISTED
Discover Financial Services
DFS
| $141M | 0.27% |
2,444,160
-378,110
| -13% | -$22.2M |
|
58
Halliburton
HAL
$29.4B
| $140M | 0.27% |
3,260,908
+2,869,976
| +734% | +$132M |
|
59
VF Corp
VFC
$5.65B
| $139M | 0.26% |
2,123,866
+790,110
| +59% | +$53.4M |
|
|
YHOO
60
DELISTED
Yahoo Inc
YHOO
| $137M | 0.26% |
3,487,130
+774,025
| +29% | +$33.2M |
|
61
Johnson Controls International
JCI
$86.7B
| $136M | 0.26% |
2,630,503
+2,088,761
| +386% | +$112M |
|
|
62
Teva Pharmaceuticals
TEVA
$43.5B
| $136M | 0.26% |
2,307,330
-6,683,437
| -74% | -$412M |
|
63
CVS Health
CVS
$119B
| $136M | 0.26% |
1,293,315
-728,748
| -36% | -$74.5M |
|
64
Visa
V
$693B
| $135M | 0.25% |
2,006,916
-1,778,026
| -47% | -$120M |
|
|
RTN
65
DELISTED
Raytheon Company
RTN
| $134M | 0.25% |
1,401,395
+1,335,094
| +2,014% | +$140M |
|
66
Trip.com Group
TCOM
$29B
| $134M | 0.25% |
3,677,008
+592,108
| +19% | +$20.7M |
|
67
Intuit
INTU
$100B
| $132M | 0.25% |
1,305,130
+1,277,232
| +4,578% | +$130M |
|
68
NXP Semiconductors
NXPI
$56.9B
| $129M | 0.24% |
1,318,651
+807,789
| +158% | +$82.8M |
|
|
PARA
69
DELISTED
Paramount Global Class B
PARA
| $129M | 0.24% |
2,332,837
+1,394,418
| +149% | +$84.2M |
|
70
HP
HPQ
$27.2B
| $129M | 0.24% |
9,492,549
+2,745,729
| +41% | +$40.8M |
|
71
SBA Communications
SBAC
$19.4B
| $127M | 0.24% |
1,105,211
+517,934
| +88% | +$60.8M |
|
72
Salesforce
CRM
$171B
| $127M | 0.24% |
1,817,014
+1,253,122
| +222% | +$89.2M |
|
|
DYN
73
DELISTED
Dynegy, Inc.
DYN
| $126M | 0.24% |
4,316,292
-1,221,345
| -22% | -$39.7M |
|
|
RICE
74
DELISTED
Rice Energy Inc.
RICE
| $125M | 0.24% |
6,000,487
+5,866,131
| +4,366% | +$133M |
|
75
Halozyme
HALO
$12.3B
| $124M | 0.23% |
5,500,691
+750,563
| +16% | +$13.2M |
|
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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.