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 | |
|---|---|---|---|---|---|---|
751
Arrowhead Research
ARWR
$12.3B
| $15.3M | 0.03% |
2,136,031
-69,326
| -3% | -$476K |
|
752
Host Hotels & Resorts
HST
$15.9B
| $15.2M | 0.03% |
764,985
-372,755
| -33% | -$7.51M |
|
|
GHL
753
DELISTED
Greenhill & Co., Inc.
GHL
| $15M | 0.03% |
363,679
-130,685
| -26% | -$5.29M |
|
|
CBI
754
DELISTED
Chicago Bridge & Iron Nv
CBI
| $15M | 0.03% |
299,475
+256,880
| +603% | +$13.4M |
|
|
VXX
755
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $15M | 0.03% |
+46,594
| New | +$15.2M |
|
|
SWI
756
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $15M | 0.03% |
324,711
+195,508
| +151% | +$9.6M |
|
757
CALL
Cheniere Energy
LNG
$58B
| $15M | 0.03% |
216,200
+35,000
| +19% | +$2.62M |
|
|
PGNX
758
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $15M | 0.03% |
2,004,526
+1,641,729
| +453% | +$9.93M |
|
759
Itaú Unibanco
ITUB
$82.9B
| $14.9M | 0.03% |
3,404,758
-3,562,568
| -51% | -$16.8M |
|
760
Whirlpool
WHR
$2.62B
| $14.9M | 0.03% |
86,302
+83,327
| +2,801% | +$15.7M |
|
761
Charles River Laboratories
CRL
$14.3B
| $14.9M | 0.03% |
211,575
-333,846
| -61% | -$24.7M |
|
|
UNVR
762
DELISTED
Univar Solutions Inc.
UNVR
| $14.9M | 0.03% |
+571,633
| New | +$15.1M |
|
763
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $14.9M | 0.03% |
694,937
-249,251
| -26% | -$5.38M |
|
|
IMOS
764
ChipMOS TECHNOLOGIES
IMOS
$1.89B
| $14.8M | 0.03% |
614,891
+106,693
| +21% | +$2.74M |
|
765
Gentex
GNTX
$4.97B
| $14.7M | 0.03% |
+895,056
| New | +$15.6M |
|
766
Teradyne
TER
$57B
| $14.7M | 0.03% |
761,031
+527,677
| +226% | +$10.5M |
|
|
SWFT
767
DELISTED
Swift Transportation Company
SWFT
| $14.6M | 0.03% |
643,561
-1,966,426
| -75% | -$48.4M |
|
|
MRO
768
CALL
DELISTED
Marathon Oil Corporation
MRO
| $14.6M | 0.03% |
+549,700
| New | +$15.5M |
|
769
Lincoln National
LNC
$8.11B
| $14.5M | 0.03% |
244,605
+146,984
| +151% | +$8.61M |
|
770
Associated Banc-Corp
ASB
$5.84B
| $14.5M | 0.03% |
714,265
-1,693,905
| -70% | -$32.7M |
|
771
Zebra Technologies
ZBRA
$17.2B
| $14.4M | 0.03% |
+129,999
| New | +$13.5M |
|
|
KCG
772
DELISTED
KCG Holdings, Inc.
KCG
| $14.4M | 0.03% |
1,166,156
+256,436
| +28% | +$3.34M |
|
773
Texas Capital Bancshares
TCBI
$4.26B
| $14.4M | 0.03% |
230,952
-517,631
| -69% | -$28.4M |
|
774
Vishay Intertechnology
VSH
$4.67B
| $14.4M | 0.03% |
1,229,893
-519,915
| -30% | -$6.69M |
|
775
Alkermes
ALKS
$8.2B
| $14.3M | 0.03% |
222,787
-184,052
| -45% | -$11.3M |
|
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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.