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 | |
|---|---|---|---|---|---|---|
951
Microchip Technology
MCHP
$40.3B
| $10.5M | 0.02% |
+442,948
| New | +$10.8M |
|
|
PFPT
952
DELISTED
Proofpoint, Inc.
PFPT
| $10.5M | 0.02% |
164,746
+124,932
| +314% | +$7.35M |
|
953
Smith & Nephew
SNN
$12.4B
| $10.4M | 0.02% |
307,575
+276,541
| +891% | +$9.6M |
|
954
M/I Homes
MHO
$3.84B
| $10.4M | 0.02% |
423,094
+230,745
| +120% | +$5.49M |
|
|
CSGS
955
DELISTED
CSG Systems International
CSGS
| $10.4M | 0.02% |
329,123
-236,428
| -42% | -$7.29M |
|
956
Commault Systems
CVLT
$5.43B
| $10.4M | 0.02% |
245,476
+74,642
| +44% | +$3.38M |
|
957
Dolby
DLB
$6.19B
| $10.4M | 0.02% |
261,875
+23,638
| +10% | +$936K |
|
|
TSL
958
DELISTED
Trina Solar Limited
TSL
| $10.4M | 0.02% |
889,912
+664,976
| +296% | +$8.23M |
|
|
RCPT
959
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $10.3M | 0.02% |
54,181
-365,538
| -87% | -$60.4M |
|
960
American International
AIG
$40.5B
| $10.3M | 0.02% |
166,255
+7,933
| +5% | +$469K |
|
961
Matsons
MATX
$6.66B
| $10.3M | 0.02% |
244,267
+34,601
| +17% | +$1.45M |
|
962
Vodafone
VOD
$36.9B
| $10.3M | 0.02% |
+281,410
| New | +$10.1M |
|
|
PBY
963
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $10.2M | 0.02% |
835,243
+750,981
| +891% | +$7.62M |
|
964
CALL
eBay
EBAY
$47.7B
| $10.2M | 0.02% |
403,920
-248,054
| -38% | -$6.19M |
|
965
Kennametal
KMT
$2.23B
| $10.2M | 0.02% |
+299,354
| New | +$10.7M |
|
966
CALL
MPLX
MPLX
$59.3B
| $10.2M | 0.02% |
143,100
-14,300
| -9% | -$1.06M |
|
967
Primerica
PRI
$9.23B
| $10.2M | 0.02% |
222,271
-275,916
| -55% | -$12.9M |
|
968
First Financial Bancorp
FFBC
$3.46B
| $10.1M | 0.02% |
565,673
-309,090
| -35% | -$5.44M |
|
|
AHL
969
DELISTED
ASPEN Insurance Holding Limited
AHL
| $10.1M | 0.02% |
210,750
+158,784
| +306% | +$7.53M |
|
970
CALL
AbbVie
ABBV
$467B
| $10.1M | 0.02% |
150,000
| – | – |
|
|
CBL
971
DELISTED
CBL& Associates Properties, Inc.
CBL
| $10.1M | 0.02% |
620,527
+61,875
| +11% | +$1.12M |
|
|
BRSL
972
Brightstar Lottery PLC
BRSL
$2.16B
| $10M | 0.02% |
563,777
+533,372
| +1,754% | +$10.2M |
|
973
Graham Holdings Company
GHC
$4.98B
| $10M | 0.02% |
15,396
+8,433
| +121% | +$5.33M |
|
|
HCBK
974
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $10M | 0.02% |
1,011,845
+142,832
| +16% | +$1.38M |
|
|
WWAV
975
DELISTED
The WhiteWave Foods Company
WWAV
| $9.99M | 0.02% |
204,474
-92,191
| -31% | -$4.32M |
|
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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.