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 | |
|---|---|---|---|---|---|---|
|
901
CALL
Valero Energy
VLO
$99.6B
| $11.3M | 0.02% |
181,200
| – | – |
|
|
FNFV
902
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $11.3M | 0.02% |
735,692
+512,535
| +230% | +$7.68M |
|
903
Rio Tinto
RIO
$170B
| $11.3M | 0.02% |
274,253
-87,668
| -24% | -$3.85M |
|
|
FCH
904
DELISTED
Felcor Lodging Trust
FCH
| $11.3M | 0.02% |
1,142,729
+614,613
| +116% | +$6.72M |
|
|
PSB
905
DELISTED
PS Business Parks, Inc.
PSB
| $11.3M | 0.02% |
155,934
+73,841
| +90% | +$5.64M |
|
906
Children's Place
PLCE
$58M
| $11.2M | 0.02% |
171,806
+7,047
| +4% | +$458K |
|
|
BLCM
907
DELISTED
Bellicum Pharmaceuticals, Inc.
BLCM
| $11.2M | 0.02% |
52,658
+26,672
| +103% | +$6.54M |
|
908
AGCO
AGCO
$7.71B
| $11.2M | 0.02% |
197,204
-50,275
| -20% | -$2.55M |
|
|
LBMH
909
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $11.2M | 0.02% |
4,930,300
-33,500
| -0.7% | -$97K |
|
910
WEC Energy
WEC
$35.1B
| $11.2M | 0.02% |
248,742
+216,028
| +660% | +$10.4M |
|
|
VER
911
DELISTED
VEREIT, Inc.
VER
| $11.2M | 0.02% |
275,103
+195,566
| +246% | +$8.82M |
|
912
PUT
Broadcom
AVGO
$1.71T
| $11.2M | 0.02% |
840,000
+317,000
| +61% | +$4.15M |
|
|
SIR
913
DELISTED
SELECT INCOME REIT
SIR
| $11.2M | 0.02% |
+1,230,065
| New | +$12.6M |
|
|
VSI
914
DELISTED
Vitamin Shoppe Inc.
VSI
| $11.1M | 0.02% |
297,853
-10,553
| -3% | -$423K |
|
|
EEP
915
CALL
DELISTED
Enbridge Energy Partners
EEP
| $11.1M | 0.02% |
+332,900
| New | +$12.3M |
|
916
Sonoco
SON
$5.68B
| $11.1M | 0.02% |
258,697
+111,066
| +75% | +$5M |
|
917
COPT Defense Properties
CDP
$4.25B
| $11.1M | 0.02% |
470,894
+186,283
| +65% | +$4.96M |
|
918
TriNet
TNET
$3.19B
| $11.1M | 0.02% |
+436,996
| New | +$13.7M |
|
919
Sabre
SABR
$912M
| $11.1M | 0.02% |
465,280
+456,980
| +5,506% | +$11.5M |
|
920
Keysight
KEYS
$52.9B
| $11M | 0.02% |
353,524
+135,218
| +62% | +$4.62M |
|
|
SWN
921
CALL
DELISTED
Southwestern Energy Company
SWN
| $11M | 0.02% |
484,700
-21,500
| -4% | -$552K |
|
922
CubeSmart
CUBE
$9.21B
| $11M | 0.02% |
475,534
-332,713
| -41% | -$7.85M |
|
923
Rexford Industrial Realty
REXR
$8.4B
| $11M | 0.02% |
755,224
-272,272
| -26% | -$4.11M |
|
|
EEP
924
DELISTED
Enbridge Energy Partners
EEP
| $11M | 0.02% |
330,000
+282,500
| +595% | +$10.4M |
|
|
VTAE
925
DELISTED
VITAE PHARMACEUTICALS INC COMMON STOCK
VTAE
| $11M | 0.02% |
763,424
+586,932
| +333% | +$7.97M |
|
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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.