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 | |
|---|---|---|---|---|---|---|
|
SWN
1026
DELISTED
Southwestern Energy Company
SWN
| $9.76M | 0.02% |
420,701
-2,487,828
| -86% | -$61.8M |
|
|
INN
1027
Summit Hotel Properties
INN
$662M
| $9.73M | 0.02% |
691,874
-611,913
| -47% | -$8.14M |
|
|
EXCU
1028
DELISTED
Exelon Corporation
EXCU
| $9.73M | 0.02% |
200,000
| – | – |
|
|
ADPT
1029
DELISTED
Adeptus Health Inc
ADPT
| $9.72M | 0.02% |
193,512
+81,638
| +73% | +$3.23M |
|
|
EXL
1030
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $9.7M | 0.02% |
692,048
-863,040
| -55% | -$12M |
|
|
TOWR
1031
DELISTED
Tower International, Inc.
TOWR
| $9.68M | 0.02% |
363,918
+261,158
| +254% | +$6.57M |
|
|
CCC
1032
DELISTED
Calgon Carbon Corp
CCC
| $9.67M | 0.02% |
458,749
+47,222
| +11% | +$956K |
|
1033
CALL
Oneok
OKE
$58.6B
| $9.65M | 0.02% |
200,000
+80,000
| +67% | +$3.65M |
|
|
FDO
1034
DELISTED
FAMILY DOLLAR STORES
FDO
| $9.64M | 0.02% |
121,708
-61,651
| -34% | -$4.81M |
|
1035
Alto Ingredients
ALTO
$325M
| $9.63M | 0.02% |
892,884
+37,787
| +4% | +$364K |
|
1036
CALL
Range Resources
RRC
$9.64B
| $9.63M | 0.02% |
185,000
-74,500
| -29% | -$3.7M |
|
|
FMI
1037
CALL
DELISTED
Foundation Medicine, Inc.
FMI
| $9.62M | 0.02% |
200,000
+120,000
| +150% | +$5.44M |
|
1038
PUT
Valero Energy
VLO
$99.6B
| $9.54M | 0.02% |
+150,000
| New | +$8.37M |
|
|
LSI
1039
DELISTED
Life Storage, Inc.
LSI
| $9.5M | 0.02% |
151,719
-147,008
| -49% | -$9.13M |
|
|
SC
1040
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $9.48M | 0.02% |
409,902
+63,865
| +18% | +$1.35M |
|
1041
Everest Group
EG
$14.4B
| $9.48M | 0.02% |
54,473
+22,885
| +72% | +$4.02M |
|
1042
Honda
HMC
$42.3B
| $9.47M | 0.02% |
288,940
-784,067
| -73% | -$25.3M |
|
|
PMC
1043
DELISTED
PharMerica Corporation
PMC
| $9.45M | 0.02% |
335,058
-166,193
| -33% | -$4.13M |
|
1044
Werner Enterprises
WERN
$2.26B
| $9.43M | 0.02% |
300,182
+10,226
| +4% | +$316K |
|
|
ELOS
1045
DELISTED
Syneron Medical Ltd
ELOS
| $9.42M | 0.02% |
761,149
+531,241
| +231% | +$5.88M |
|
|
WEB
1046
DELISTED
Web.com Group, Inc.
WEB
| $9.4M | 0.02% |
496,178
+61,942
| +14% | +$1.07M |
|
|
WCN
1047
Waste Connections
WCN
$42.5B
| $9.37M | 0.02% |
291,902
-1,162,605
| -80% | -$35.5M |
|
1048
Synopsys
SNPS
$75.5B
| $9.35M | 0.02% |
201,948
-49,872
| -20% | -$2.23M |
|
|
FINL
1049
DELISTED
Finish Line
FINL
| $9.35M | 0.02% |
381,137
+79,966
| +27% | +$1.92M |
|
1050
Nektar Therapeutics
NKTR
$2.52B
| $9.33M | 0.02% |
56,566
+8,809
| +18% | +$1.81M |
|
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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.