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 | |
|---|---|---|---|---|---|---|
76
TechnipFMC
FTI
$30.4B
| $118M | 0.22% |
4,288,211
+3,714,345
| +647% | +$109M |
|
|
ASPX
77
DELISTED
AUSPEX PHARMACEUTICALS INC COM STK (DE)
ASPX
| $116M | 0.22% |
1,160,114
+121,380
| +12% | +$8.09M |
|
|
EMC
78
DELISTED
EMC CORPORATION
EMC
| $116M | 0.22% |
4,540,297
+2,301,764
| +103% | +$63.4M |
|
79
T-Mobile US
TMUS
$196B
| $112M | 0.21% |
3,547,931
+2,816,512
| +385% | +$87.8M |
|
80
Brixmor Property Group
BRX
$8.99B
| $112M | 0.21% |
4,222,881
+1,592,291
| +61% | +$41.6M |
|
81
Occidental Petroleum
OXY
$61.3B
| $112M | 0.21% |
1,534,206
+756,271
| +97% | +$58.5M |
|
82
Universal Health Services
UHS
$10.4B
| $112M | 0.21% |
947,879
+212,688
| +29% | +$23.5M |
|
83
RTX Corp
RTX
$283B
| $110M | 0.2% |
1,485,408
+625,915
| +73% | +$46.7M |
|
|
AVB
84
DELISTED
AvalonBay Communities
AVB
| $108M | 0.2% |
622,035
+204,663
| +49% | +$35.4M |
|
85
Walmart Inc
WMT
$825B
| $108M | 0.2% |
3,943,188
+3,650,088
| +1,245% | +$104M |
|
|
ATVI
86
DELISTED
Activision Blizzard
ATVI
| $107M | 0.2% |
4,698,967
-2,182,664
| -32% | -$47.8M |
|
|
CY
87
DELISTED
Cypress Semiconductor
CY
| $106M | 0.2% |
7,517,461
+7,129,914
| +1,840% | +$106M |
|
88
FirstEnergy
FE
$26.6B
| $105M | 0.19% |
2,986,680
+2,974,483
| +24,387% | +$111M |
|
89
Autodesk
ADSK
$53.6B
| $104M | 0.19% |
1,772,425
+1,299,063
| +274% | +$76.9M |
|
90
Harley-Davidson
HOG
$2.93B
| $102M | 0.19% |
1,676,244
+1,488,622
| +793% | +$93.6M |
|
91
Archrock
AROC
$5.58B
| $102M | 0.19% |
3,031,461
+91,949
| +3% | +$2.8M |
|
|
UMPQ
92
DELISTED
Umpqua Holdings Corp
UMPQ
| $101M | 0.19% |
5,877,345
-567,880
| -9% | -$9.37M |
|
93
Aramark
ARMK
$15.8B
| $98.2M | 0.18% |
4,300,759
-1,124,406
| -21% | -$25.7M |
|
|
CPN
94
DELISTED
Calpine Corporation
CPN
| $98M | 0.18% |
4,285,061
+1,822,281
| +74% | +$39.3M |
|
|
ESV
95
DELISTED
Ensco Rowan plc
ESV
| $97.9M | 0.18% |
1,161,444
+678,856
| +141% | +$71.5M |
|
|
QEP
96
DELISTED
QEP RESOURCES, INC.
QEP
| $97.7M | 0.18% |
4,686,864
-1,010,048
| -18% | -$21.1M |
|
97
Intuitive Surgical
ISRG
$134B
| $97.7M | 0.18% |
1,740,978
-1,187,676
| -41% | -$67.2M |
|
|
ICPT
98
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $97M | 0.18% |
343,772
-108,541
| -24% | -$23.5M |
|
99
KeyCorp
KEY
$23.3B
| $95.9M | 0.18% |
6,775,038
-4,329,937
| -39% | -$59.5M |
|
100
DuPont de Nemours
DD
$18.7B
| $95.9M | 0.18% |
789,252
+355,409
| +82% | +$42.2M |
|
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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.