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 | |
|---|---|---|---|---|---|---|
851
Restaurant Brands International
QSR
$28.4B
| $14.1M | 0.03% |
366,368
-631,269
| -63% | -$25.2M |
|
|
ALDR
852
DELISTED
Alder Biopharmaceuticals
ALDR
| $14.1M | 0.03% |
487,290
+471,868
| +3,060% | +$12.9M |
|
|
853
CSX Corp
CSX
$95.3B
| $14M | 0.03% |
1,271,412
-11,717,235
| -90% | -$135M |
|
|
CQH
854
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $14M | 0.03% |
585,413
+238,911
| +69% | +$5.45M |
|
855
CALL
Cheniere Energy
LNG
$58B
| $14M | 0.03% |
181,200
-150,400
| -45% | -$11.2M |
|
|
SCHW
856
Charles Schwab
SCHW
$197B
| $14M | 0.03% |
+459,402
| New | +$13.3M |
|
857
Leidos
LDOS
$17.4B
| $13.9M | 0.03% |
332,231
-467,313
| -58% | -$20.3M |
|
|
PPLI
858
People Inc
PPLI
$2.89B
| $13.9M | 0.03% |
1,149,772
-1,522,516
| -57% | -$17.6M |
|
|
ETP
859
DELISTED
Energy Transfer Partners L.p.
ETP
| $13.9M | 0.03% |
248,548
+178,548
| +255% | +$10.6M |
|
|
IMOS
860
ChipMOS TECHNOLOGIES
IMOS
$1.89B
| $13.8M | 0.03% |
508,198
-19,781
| -4% | -$515K |
|
861
Church & Dwight Co
CHD
$24.3B
| $13.8M | 0.03% |
322,836
-1,426,802
| -82% | -$59.4M |
|
862
Analog Devices
ADI
$181B
| $13.7M | 0.03% |
217,009
+201,309
| +1,282% | +$11.4M |
|
863
Paychex
PAYX
$44.8B
| $13.6M | 0.03% |
274,974
-262,315
| -49% | -$12.7M |
|
|
ACAS
864
DELISTED
American Capital Ltd
ACAS
| $13.6M | 0.03% |
920,215
+839,119
| +1,035% | +$12.3M |
|
865
Boeing
BA
$166B
| $13.6M | 0.03% |
+90,394
| New | +$13.2M |
|
|
ARIA
866
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $13.6M | 0.03% |
1,644,953
+1,502,359
| +1,054% | +$11.1M |
|
867
VanEck Semiconductor ETF
SMH
$64.8B
| $13.5M | 0.03% |
488,358
+416,626
| +581% | +$11.5M |
|
868
SPDR Gold Trust
GLD
$155B
| $13.5M | 0.03% |
118,795
-339,805
| -74% | -$39.7M |
|
869
Cigna
CI
$74.1B
| $13.5M | 0.03% |
104,252
-195,204
| -65% | -$22.7M |
|
870
Cummins
CMI
$78.7B
| $13.3M | 0.02% |
96,237
-21,846
| -19% | -$3.08M |
|
871
Madison Square Garden
MSGS
$9.69B
| $13.3M | 0.02% |
220,085
+10,123
| +5% | +$557K |
|
872
PTC
PTC
$16.7B
| $13.3M | 0.02% |
367,117
-240,158
| -40% | -$8.29M |
|
|
CYNO
873
DELISTED
Cynosure, Inc. Class A
CYNO
| $13.2M | 0.02% |
431,854
+106,106
| +33% | +$3.2M |
|
874
PUT
Invesco QQQ Trust
QQQ
$483B
| $13.2M | 0.02% |
+125,000
| New | +$13.1M |
|
875
Oil States International
OIS
$501M
| $13.2M | 0.02% |
331,790
-278,403
| -46% | -$11.8M |
|
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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.