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 | |
|---|---|---|---|---|---|---|
76
BP
BP
$115B
| $117M | 0.23% |
+4,551,492
| New | +$133M |
|
|
ATVI
77
DELISTED
Activision Blizzard
ATVI
| $117M | 0.23% |
3,778,530
-5,180,874
| -58% | -$144M |
|
78
Boston Properties
BXP
$10.8B
| $115M | 0.22% |
969,344
+280,601
| +41% | +$33.5M |
|
79
Simon Property Group
SPG
$70.6B
| $114M | 0.22% |
618,246
-205,583
| -25% | -$37.7M |
|
80
Teva Pharmaceuticals
TEVA
$43.5B
| $113M | 0.22% |
2,009,620
-297,710
| -13% | -$19.3M |
|
81
FedEx
FDX
$76.9B
| $109M | 0.21% |
759,572
+596,203
| +365% | +$95.1M |
|
|
UMPQ
82
DELISTED
Umpqua Holdings Corp
UMPQ
| $106M | 0.2% |
6,482,959
+1,771,961
| +38% | +$30.5M |
|
|
DCT
83
DELISTED
DCT Industrial Trust Inc.
DCT
| $105M | 0.2% |
3,109,086
+1,588,887
| +105% | +$53.2M |
|
84
Fidelity National Information Services
FIS
$21.3B
| $104M | 0.2% |
1,553,856
+491,972
| +46% | +$32.8M |
|
85
Carnival Corporation Ltd
CCL
$35.2B
| $104M | 0.2% |
2,097,103
+1,297,797
| +162% | +$66.1M |
|
|
MJN
86
DELISTED
Mead Johnson Nutrition Company
MJN
| $103M | 0.2% |
1,469,099
+809,910
| +123% | +$66.6M |
|
87
Salesforce
CRM
$171B
| $103M | 0.2% |
1,486,229
-330,785
| -18% | -$23.4M |
|
88
Universal Health Services
UHS
$10.4B
| $103M | 0.2% |
822,007
-277,050
| -25% | -$38.6M |
|
89
AB InBev
BUD
$155B
| $98.3M | 0.19% |
+924,429
| New | +$107M |
|
|
TWC
90
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $97.8M | 0.19% |
545,431
+47,329
| +10% | +$8.84M |
|
|
SHPG
91
DELISTED
Shire pic
SHPG
| $97M | 0.19% |
472,884
-146,519
| -24% | -$34.9M |
|
|
PF
92
DELISTED
Pinnacle Foods, Inc.
PF
| $96.2M | 0.19% |
2,295,959
+720,667
| +46% | +$32.6M |
|
|
OPLN
93
Openlane
OPLN
$4.08B
| $95.9M | 0.19% |
7,135,178
+3,010,107
| +73% | +$42.7M |
|
|
MHFI
94
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $95.3M | 0.18% |
1,101,811
+524,032
| +91% | +$51.5M |
|
95
Delta Air Lines
DAL
$54.2B
| $94.1M | 0.18% |
2,096,425
+970,817
| +86% | +$43.6M |
|
|
SNV
96
DELISTED
Synovus
SNV
| $93.9M | 0.18% |
3,173,166
+74,567
| +2% | +$2.28M |
|
|
TFCFA
97
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $93.8M | 0.18% |
3,478,257
+3,199,798
| +1,149% | +$95.7M |
|
98
Coca-Cola Europacific Partners
CCEP
$47.7B
| $93.2M | 0.18% |
1,927,515
+1,555,066
| +418% | +$75.7M |
|
|
PE
99
DELISTED
PARSLEY ENERGY INC
PE
| $92.9M | 0.18% |
6,165,559
+1,940,587
| +46% | +$30.2M |
|
100
Halliburton
HAL
$29.4B
| $92.4M | 0.18% |
2,614,627
-646,281
| -20% | -$25.4M |
|
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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.