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 | |
|---|---|---|---|---|---|---|
926
AGCO
AGCO
$7.71B
| $11.8M | 0.02% |
247,479
-118,220
| -32% | -$5.54M |
|
927
Murphy USA
MUSA
$10.4B
| $11.8M | 0.02% |
162,383
+142,210
| +705% | +$9.99M |
|
|
SWN
928
CALL
DELISTED
Southwestern Energy Company
SWN
| $11.7M | 0.02% |
506,200
-186,400
| -27% | -$4.63M |
|
|
CVG
929
DELISTED
Convergys
CVG
| $11.7M | 0.02% |
512,615
+43,255
| +9% | +$915K |
|
930
CALL
RTX Corp
RTX
$282B
| $11.7M | 0.02% |
158,900
| – | – |
|
931
Hanmi Financial
HAFC
$926M
| $11.7M | 0.02% |
553,553
+536,708
| +3,186% | +$11M |
|
|
MGLN
932
DELISTED
Magellan Health Services, Inc.
MGLN
| $11.7M | 0.02% |
165,258
+92,545
| +127% | +$5.82M |
|
|
SGMO
933
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $11.7M | 0.02% |
744,537
+447,971
| +151% | +$6.93M |
|
934
Sun Life Financial
SLF
$44B
| $11.7M | 0.02% |
378,463
+289,577
| +326% | +$9.25M |
|
935
CALL
Occidental Petroleum
OXY
$60.1B
| $11.7M | 0.02% |
159,872
-295,202
| -65% | -$22.8M |
|
|
VTSS
936
DELISTED
VITESSE SEMICONDUCTOR CORPORATION COMMON STOCK
VTSS
| $11.7M | 0.02% |
2,193,880
+630,905
| +40% | +$2.66M |
|
|
CTXS
937
DELISTED
Citrix Systems Inc
CTXS
| $11.6M | 0.02% |
228,912
-195,694
| -46% | -$9.64M |
|
938
Group 1 Automotive
GPI
$3.09B
| $11.6M | 0.02% |
134,628
+97,018
| +258% | +$7.98M |
|
|
INVX
939
Innovex International
INVX
$2B
| $11.6M | 0.02% |
169,778
-1,010,370
| -86% | -$72.8M |
|
|
PXD
940
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $11.6M | 0.02% |
71,000
-185,500
| -72% | -$28.5M |
|
941
Wabash National
WNC
$491M
| $11.6M | 0.02% |
822,903
+354,990
| +76% | +$4.8M |
|
|
ROSE
942
DELISTED
ROSETTA RESOURCES INC
ROSE
| $11.6M | 0.02% |
679,474
+72,560
| +12% | +$1.39M |
|
943
CALL
MPLX
MPLX
$59.3B
| $11.5M | 0.02% |
157,400
+135,000
| +603% | +$10.3M |
|
944
CALL
Valero Energy
VLO
$99.6B
| $11.5M | 0.02% |
181,200
-70,400
| -28% | -$3.93M |
|
|
ARG
945
DELISTED
Airgas Inc
ARG
| $11.5M | 0.02% |
108,501
-61,806
| -36% | -$7.01M |
|
|
ELNK
946
DELISTED
EarthLink Holdings Corp.
ELNK
| $11.5M | 0.02% |
2,590,450
-106,376
| -4% | -$472K |
|
|
SPPI
947
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $11.4M | 0.02% |
1,880,735
-2,782,520
| -60% | -$18.5M |
|
|
JAH
948
DELISTED
JARDEN CORPORATION
JAH
| $11.3M | 0.02% |
214,225
-21,561
| -9% | -$1.09M |
|
|
RIGP
949
DELISTED
Transocean Partners LLC
RIGP
| $11.3M | 0.02% |
925,103
-643,301
| -41% | -$9.12M |
|
950
Petrobras Class A
PBR.A
$108B
| $11.3M | 0.02% |
1,858,317
-2,481,295
| -57% | -$16.1M |
|
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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.