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 | |
|---|---|---|---|---|---|---|
|
LMNX
801
DELISTED
Luminex Corp
LMNX
| $12.7M | 0.02% |
752,345
+249,299
| +50% | +$4.51M |
|
802
Vipshop
VIPS
$6.88B
| $12.7M | 0.02% |
754,686
-1,010,138
| -57% | -$19.4M |
|
|
BBT
803
Beacon Financial Corp
BBT
$2.65B
| $12.7M | 0.02% |
460,041
-128,963
| -22% | -$3.65M |
|
804
UFP Industries
UFPI
$4.92B
| $12.6M | 0.02% |
657,150
+434,940
| +196% | +$8.65M |
|
|
FMER
805
DELISTED
FIRSTMERIT CORP
FMER
| $12.6M | 0.02% |
713,404
+483,837
| +211% | +$9.08M |
|
806
Nu Skin
NUS
$232M
| $12.6M | 0.02% |
305,098
+102,315
| +50% | +$4.39M |
|
807
Evertec
EVTC
$1.77B
| $12.5M | 0.02% |
693,277
+347,798
| +101% | +$6.58M |
|
808
Liberty Media Series C
FWONK
$26.7B
| $12.5M | 0.02% |
513,330
+312,523
| +156% | +$8.01M |
|
|
IVC
809
DELISTED
Invacare Corporation
IVC
| $12.5M | 0.02% |
863,045
+112,137
| +15% | +$1.96M |
|
810
Burlington
BURL
$20.8B
| $12.5M | 0.02% |
244,157
-90,685
| -27% | -$4.84M |
|
811
SiriusXM
SIRI
$9.59B
| $12.4M | 0.02% |
332,180
+119,689
| +56% | +$4.59M |
|
812
Cathay General Bancorp
CATY
$4.16B
| $12.4M | 0.02% |
+414,241
| New | +$12.9M |
|
|
RXDX
813
DELISTED
Ignyta, Inc.
RXDX
| $12.4M | 0.02% |
1,413,430
+17,499
| +1% | +$251K |
|
814
Raymond James Financial
RJF
$34B
| $12.4M | 0.02% |
+374,901
| New | +$13.9M |
|
|
NUAN
815
DELISTED
Nuance Communications, Inc.
NUAN
| $12.4M | 0.02% |
873,630
+317,582
| +57% | +$4.75M |
|
|
PNY
816
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $12.4M | 0.02% |
+308,844
| New | +$11.7M |
|
|
TE
817
DELISTED
TECO ENERGY INC
TE
| $12.4M | 0.02% |
470,327
+124,250
| +36% | +$2.78M |
|
818
CALL
Illumina
ILMN
$33.7B
| $12.3M | 0.02% |
71,960
+30,840
| +75% | +$6.23M |
|
|
AAC
819
DELISTED
AAC Holdings
AAC
| $12.3M | 0.02% |
+550,760
| New | +$16M |
|
820
Antero Resources
AR
$11.7B
| $12.2M | 0.02% |
577,581
-302,902
| -34% | -$8.06M |
|
821
First Financial Bancorp
FFBC
$3.46B
| $12.2M | 0.02% |
639,480
+73,807
| +13% | +$1.37M |
|
822
Novartis
NVS
$300B
| $12.2M | 0.02% |
147,854
-156,602
| -51% | -$13.9M |
|
|
MDR
823
DELISTED
McDermott International
MDR
| $12.2M | 0.02% |
942,543
-21,882
| -2% | -$300K |
|
824
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $12.1M | 0.02% |
48,766
+19,966
| +69% | +$5.29M |
|
825
Tapestry
TPR
$26.4B
| $12.1M | 0.02% |
417,746
+386,520
| +1,238% | +$11.9M |
|
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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.