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 | |
|---|---|---|---|---|---|---|
801
ManpowerGroup
MAN
$2.86B
| $13.7M | 0.03% |
153,795
-749,704
| -83% | -$64.7M |
|
802
IPG Photonics
IPGP
$3.01B
| $13.7M | 0.03% |
+161,315
| New | +$15.2M |
|
803
BWX Technologies
BWXT
$13.7B
| $13.7M | 0.03% |
583,127
-529,913
| -48% | -$12.4M |
|
|
MR
804
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $13.7M | 0.03% |
479,552
+277,579
| +137% | +$8.09M |
|
|
ALTR
805
DELISTED
Altera Corp
ALTR
| $13.6M | 0.03% |
266,297
+232,466
| +687% | +$10.8M |
|
806
Kirby Corp
KEX
$7.32B
| $13.6M | 0.03% |
177,575
-241,105
| -58% | -$19.1M |
|
|
STL
807
DELISTED
Sterling Bancorp
STL
| $13.6M | 0.03% |
925,127
-1,069,766
| -54% | -$14.6M |
|
|
SINA
808
DELISTED
Sina Corp
SINA
| $13.6M | 0.03% |
253,335
+191,175
| +308% | +$8.71M |
|
809
Kaiser Aluminum
KALU
$2.49B
| $13.5M | 0.03% |
162,964
-162,262
| -50% | -$13.2M |
|
810
Public Storage
PSA
$60.7B
| $13.5M | 0.03% |
73,397
+38,512
| +110% | +$7.39M |
|
|
WSTC
811
DELISTED
West Corporation
WSTC
| $13.4M | 0.03% |
445,838
+240,249
| +117% | +$7.59M |
|
|
OSG
812
Octave Specialty Group
OSG
$204M
| $13.4M | 0.03% |
803,512
+455,968
| +131% | +$10.8M |
|
813
Western Union
WU
$2.28B
| $13.3M | 0.03% |
654,949
+617,159
| +1,633% | +$13.1M |
|
|
TIVO
814
DELISTED
TIVO INC
TIVO
| $13.3M | 0.03% |
1,307,821
-788,776
| -38% | -$8.52M |
|
815
Aptiv
APTV
$9.83B
| $13.3M | 0.03% |
155,789
-339,544
| -69% | -$29.1M |
|
|
HRG
816
DELISTED
HRG Group, Inc.
HRG
| $13.1M | 0.02% |
1,009,446
+649,940
| +181% | +$8.22M |
|
|
SNBR
817
DELISTED
Sleep Number
SNBR
| $13.1M | 0.02% |
436,313
+347,624
| +392% | +$11M |
|
|
TIME
818
DELISTED
Time Inc.
TIME
| $13.1M | 0.02% |
569,746
-610,494
| -52% | -$13.9M |
|
|
DNR
819
DELISTED
Denbury Resources, Inc.
DNR
| $13.1M | 0.02% |
2,060,986
-2,421,463
| -54% | -$18.5M |
|
820
CALL
Merck
MRK
$372B
| $13.1M | 0.02% |
+241,040
| New | +$13.5M |
|
|
PACW
821
DELISTED
PacWest Bancorp
PACW
| $13M | 0.02% |
+278,967
| New | +$12.9M |
|
|
PCH
822
DELISTED
PotlatchDeltic
PCH
| $13M | 0.02% |
369,188
+351,964
| +2,043% | +$13M |
|
|
SCG
823
DELISTED
Scana
SCG
| $13M | 0.02% |
257,086
+247,759
| +2,656% | +$13.1M |
|
824
Eagle Materials
EXP
$6.27B
| $13M | 0.02% |
170,518
-935,489
| -85% | -$77.3M |
|
|
QGENF
825
DELISTED
QIAGEN NV
QGENF
| $13M | 0.02% |
+523,647
| New | +$13M |
|
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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.