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 | |
|---|---|---|---|---|---|---|
|
PXD
51
DELISTED
Pioneer Natural Resource Co.
PXD
| $148M | 0.29% |
1,220,151
+354,263
| +41% | +$44.1M |
|
52
NRG Energy
NRG
$23.8B
| $148M | 0.29% |
9,982,596
+469,256
| +5% | +$9.32M |
|
|
ANAC
53
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $140M | 0.27% |
1,185,607
+448,645
| +61% | +$58.6M |
|
54
NiSource
NI
$19.5B
| $137M | 0.27% |
7,380,178
+460,183
| +7% | +$7.87M |
|
55
NXP Semiconductors
NXPI
$56.9B
| $136M | 0.26% |
1,566,702
+248,051
| +19% | +$22.4M |
|
|
WLL
56
DELISTED
Whiting Petroleum Corporation
WLL
| $135M | 0.26% |
29,456
+24,462
| +490% | +$151M |
|
|
NFX
57
DELISTED
Newfield Exploration
NFX
| $134M | 0.26% |
4,068,536
-2,044,174
| -33% | -$68.6M |
|
58
McKesson
MCK
$100B
| $133M | 0.26% |
720,098
-64,782
| -8% | -$13.7M |
|
59
Crown Castle
CCI
$32.1B
| $131M | 0.25% |
1,666,038
-236,016
| -12% | -$19.2M |
|
|
MON
60
DELISTED
Monsanto Co
MON
| $131M | 0.25% |
1,536,449
+24,631
| +2% | +$2.43M |
|
|
HOLX
61
DELISTED
Hologic
HOLX
| $129M | 0.25% |
3,299,492
+348,278
| +12% | +$13.8M |
|
62
AT&T
T
$173B
| $128M | 0.25% |
5,195,825
+2,766,088
| +114% | +$70.5M |
|
|
WFT
63
DELISTED
Weatherford International plc
WFT
| $127M | 0.25% |
14,924,408
+12,714,178
| +575% | +$129M |
|
64
Zoetis
ZTS
$32.1B
| $126M | 0.24% |
3,063,316
+1,158,511
| +61% | +$53.7M |
|
65
PPG Industries
PPG
$25.3B
| $125M | 0.24% |
1,424,201
+692,631
| +95% | +$70.5M |
|
|
AGN
66
DELISTED
Allergan plc
AGN
| $125M | 0.24% |
459,177
+456,684
| +18,319% | +$140M |
|
|
ANDV
67
DELISTED
Andeavor
ANDV
| $123M | 0.24% |
1,269,213
+911,566
| +255% | +$88.5M |
|
|
GG
68
DELISTED
Goldcorp Inc
GG
| $123M | 0.24% |
9,856,931
+4,762,454
| +93% | +$66.6M |
|
|
MRD
69
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $123M | 0.24% |
6,984,174
+4,452,658
| +176% | +$80.1M |
|
|
WBA
70
DELISTED
Walgreens Boots Alliance
WBA
| $122M | 0.24% |
1,468,894
+1,212,755
| +473% | +$110M |
|
|
CAB
71
DELISTED
Cabela's Inc
CAB
| $122M | 0.24% |
2,675,268
+1,504,762
| +129% | +$70.2M |
|
|
DFS
72
DELISTED
Discover Financial Services
DFS
| $121M | 0.23% |
2,331,488
-112,672
| -5% | -$6.18M |
|
73
General Dynamics
GD
$104B
| $119M | 0.23% |
861,225
+817,490
| +1,869% | +$118M |
|
|
SWN
74
DELISTED
Southwestern Energy Company
SWN
| $119M | 0.23% |
9,355,333
+877,350
| +10% | +$15.2M |
|
75
Trane Technologies
TT
$99.8B
| $118M | 0.23% |
2,318,948
+2,029,701
| +702% | +$121M |
|
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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.