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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.58% |
| 2 | Energy | 11.62% |
| 3 | Consumer Discretionary | 8.89% |
| 4 | Financials | 8.63% |
| 5 | Technology | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
951
JD.com
JD
$39.4B
| $9.62M | 0.02% |
369,057
-1,741,116
| -83% | -$50.4M |
|
|
ARG
952
DELISTED
Airgas Inc
ARG
| $9.6M | 0.02% |
107,499
+83,077
| +340% | +$8.24M |
|
953
Mine Safety
MSA
$7.29B
| $9.6M | 0.02% |
240,097
+207,666
| +640% | +$9.66M |
|
954
PayPal
PYPL
$52.8B
| $9.59M | 0.02% |
+308,986
| New | +$11.1M |
|
955
Lear
LEA
$8.18B
| $9.58M | 0.02% |
88,047
-251,764
| -74% | -$26.2M |
|
|
UNIT
956
Uniti Group
UNIT
$2.39B
| $9.57M | 0.02% |
534,734
+438,023
| +453% | +$9.39M |
|
957
CALL
AstraZeneca
AZN
$259B
| $9.55M | 0.02% |
+150,000
| New | +$9.87M |
|
958
Pilgrim's Pride
PPC
$7.57B
| $9.53M | 0.02% |
458,498
+443,798
| +3,019% | +$9.53M |
|
|
WGL
959
DELISTED
Wgl Holdings
WGL
| $9.49M | 0.02% |
164,539
+141,256
| +607% | +$7.77M |
|
|
AVB
960
DELISTED
AvalonBay Communities
AVB
| $9.48M | 0.02% |
54,220
+45,430
| +517% | +$7.69M |
|
|
ENDP
961
DELISTED
Endo International plc
ENDP
| $9.45M | 0.02% |
136,350
-139,183
| -51% | -$11.1M |
|
|
MENT
962
DELISTED
Mentor Graphics Corp
MENT
| $9.44M | 0.02% |
383,454
+17,165
| +5% | +$438K |
|
963
Helmerich & Payne
HP
$4.25B
| $9.44M | 0.02% |
+199,811
| New | +$11.3M |
|
|
AHL
964
DELISTED
ASPEN Insurance Holding Limited
AHL
| $9.44M | 0.02% |
203,032
-7,718
| -4% | -$367K |
|
|
NTI
965
CALL
DELISTED
NORTHERN TIER ENERGY LP CLASS A
NTI
| $9.44M | 0.02% |
+310,000
| New | +$7.79M |
|
966
Hexcel
HXL
$7B
| $9.41M | 0.02% |
+209,772
| New | +$10.4M |
|
967
Kratos Defense & Security Solutions
KTOS
$9.96B
| $9.37M | 0.02% |
2,220,843
+695,322
| +46% | +$3.51M |
|
968
Cal-Maine
CALM
$3.95B
| $9.36M | 0.02% |
171,462
-195,921
| -53% | -$10.5M |
|
969
Travere Therapeutics
TVTX
$6.15B
| $9.36M | 0.02% |
462,134
-367,440
| -44% | -$10.9M |
|
|
KATE
970
DELISTED
Kate Spade & Company
KATE
| $9.35M | 0.02% |
489,156
-512,026
| -51% | -$10.2M |
|
|
WLH
971
DELISTED
WILLIAM LYON HOMES
WLH
| $9.35M | 0.02% |
453,626
+413,976
| +1,044% | +$9.85M |
|
972
American Financial Group
AFG
$12B
| $9.31M | 0.02% |
135,119
-238,706
| -64% | -$16.5M |
|
973
Commercial Metals
CMC
$7.18B
| $9.29M | 0.02% |
685,946
+30,941
| +5% | +$473K |
|
974
uniQure
QURE
$3.29B
| $9.29M | 0.02% |
454,117
+107,080
| +31% | +$2.82M |
|
975
Leggett & Platt
LEG
$1.28B
| $9.27M | 0.02% |
+224,767
| New | +$10.5M |
|
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Israel Englander's Q3 2015 Portfolio in Review
As of Q3 2015, Israel Englander held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Israel Englander deployed $5.12B of net new capital in Q3 2015, opening 839 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 15% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Israel Englander's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Israel Englander added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Israel Englander's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Israel Englander fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Israel Englander's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Israel Englander opened 839 new positions and closed 681 in Q3 2015.
- Israel Englander's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.