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 |
American Electric Power
AEP
|
+$300M |
| 2 |
NBL
Noble Energy, Inc.
NBL
|
+$274M |
| 3 |
DTE Energy
DTE
|
+$243M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$215M |
| 5 |
Ameren
AEE
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$231M |
| 2 |
Dominion Energy
D
|
+$185M |
| 3 |
Hilton Worldwide
HLT
|
+$157M |
| 4 |
Microsoft
MSFT
|
+$155M |
| 5 |
CSX Corp
CSX
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.88% |
| 2 | Energy | 11.87% |
| 3 | Financials | 9.18% |
| 4 | Consumer Discretionary | 8.98% |
| 5 | Industrials | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
Stryker
SYK
$126B
| $14.9M | 0.03% |
162,064
+154,764
| +2,120% | +$14.4M |
|
827
Arrowhead Research
ARWR
$12.3B
| $14.9M | 0.03% |
2,205,357
+1,337,982
| +154% | +$9.49M |
|
|
ORIG
828
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $14.9M | 0.03% |
246
+7
| +3% | +$502K |
|
|
AGN
829
CALL
DELISTED
Allergan plc
AGN
| $14.9M | 0.03% |
50,000
+10,000
| +25% | +$2.85M |
|
830
Vanda Pharmaceuticals
VNDA
$322M
| $14.9M | 0.03% |
1,599,162
+786,392
| +97% | +$8.89M |
|
831
Annaly Capital Management
NLY
$17.5B
| $14.9M | 0.03% |
357,417
+136,990
| +62% | +$5.83M |
|
|
WAGE
832
DELISTED
WageWorks, Inc.
WAGE
| $14.8M | 0.03% |
+277,183
| New | +$15.8M |
|
|
SLCA
833
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $14.8M | 0.03% |
414,900
+137,900
| +50% | +$4.03M |
|
|
UFS
834
DELISTED
DOMTAR CORPORATION (New)
UFS
| $14.8M | 0.03% |
319,390
+145,792
| +84% | +$6.14M |
|
835
Lincoln Electric
LECO
$15.4B
| $14.8M | 0.03% |
225,605
+5,843
| +3% | +$396K |
|
836
MDU Resources
MDU
$4.2B
| $14.7M | 0.03% |
1,816,648
+344,964
| +23% | +$2.93M |
|
|
GOLD
837
DELISTED
Randgold Resources Ltd
GOLD
| $14.7M | 0.03% |
214,123
+130,946
| +157% | +$9.84M |
|
838
CALL
Eli Lilly
LLY
$1.11T
| $14.5M | 0.03% |
+200,000
| New | +$14.2M |
|
839
CALL
Blackstone
BX
$108B
| $14.5M | 0.03% |
379,476
-20,991
| -5% | -$759K |
|
|
SWC
840
DELISTED
Stillwater Mining Co
SWC
| $14.5M | 0.03% |
1,119,607
+449,717
| +67% | +$6.23M |
|
|
HPTX
841
DELISTED
HYPERION THERAPEUTICS INC COM STK (DE)
HPTX
| $14.5M | 0.03% |
315,094
-115,737
| -27% | -$3.46M |
|
|
ETFC
842
DELISTED
E*Trade Financial Corporation
ETFC
| $14.4M | 0.03% |
504,070
+73,426
| +17% | +$1.87M |
|
|
PNRA
843
DELISTED
Panera Bread Co
PNRA
| $14.4M | 0.03% |
89,895
+82,390
| +1,098% | +$13.7M |
|
|
CBD
844
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $14.3M | 0.03% |
480,363
+210,886
| +78% | +$6.91M |
|
845
BP
BP
$113B
| $14.3M | 0.03% |
440,979
-797,470
| -64% | -$26.1M |
|
|
VVC
846
DELISTED
Vectren Corporation
VVC
| $14.2M | 0.03% |
322,001
+104,347
| +48% | +$4.77M |
|
847
Automatic Data Processing
ADP
$112B
| $14.2M | 0.03% |
+165,468
| New | +$14.2M |
|
|
SEM
848
DELISTED
Select Medical
SEM
| $14.1M | 0.03% |
1,768,304
+579,777
| +49% | +$4.33M |
|
|
ITG
849
DELISTED
Investment Technology Group Inc
ITG
| $14.1M | 0.03% |
465,584
+366,769
| +371% | +$8.43M |
|
850
UGI
UGI
$8.19B
| $14.1M | 0.03% |
+432,538
| New | +$15.2M |
|
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Israel Englander's Q1 2015 Portfolio in Review
As of Q1 2015, Israel Englander held 4,613 positions worth $53.7B, up 14% from $47.2B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $5.19B of net new capital in Q1 2015, opening 744 new positions and adding to 1,445 existing holdings. Its largest new stake was DTE Energy: 3,384,348 shares worth $232M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 15% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Pioneer Natural Resource Co., an estimated $231M trimmed.
- Israel Englander's largest Q1 2015 buy was DTE Energy: 3,384,348 shares worth $232M.
- Israel Englander added most to American Electric Power in Q1 2015, an estimated $300M increase.
- Israel Englander's biggest Q1 2015 reduction was Pioneer Natural Resource Co., cutting an estimated $231M.
- Israel Englander fully exited Seadrill Limited Common Stock in Q1 2015, selling an estimated $110M.
- Israel Englander's ten largest holdings make up 11% of its $53.7B portfolio in Q1 2015.
- Israel Englander opened 744 new positions and closed 1,104 in Q1 2015.
- Israel Englander's portfolio value rose 14% quarter-over-quarter to $53.7B.
Based on Millennium Management's 13F filing for Q1 2015, filed 15 May 2015.