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 | |
|---|---|---|---|---|---|---|
1051
CALL
AbbVie
ABBV
$467B
| $8.16M | 0.02% |
150,000
| – | – |
|
1052
Greif
GEF
$4.89B
| $8.16M | 0.02% |
+255,759
| New | +$8.32M |
|
|
SNDK
1053
PUT
DELISTED
SANDISK CORP
SNDK
| $8.15M | 0.02% |
+150,000
| New | +$8.29M |
|
1054
PUT
Cummins
CMI
$78.7B
| $8.14M | 0.02% |
+75,000
| New | +$9.26M |
|
|
YELL
1055
DELISTED
Yellow Corporation Common Stock
YELL
| $8.13M | 0.02% |
613,102
+348,747
| +132% | +$5.46M |
|
|
UBNK
1056
DELISTED
United Financial Bancorp, Inc.
UBNK
| $8.13M | 0.02% |
622,854
+423,345
| +212% | +$5.57M |
|
1057
Matrix Service
MTRX
$301M
| $8.06M | 0.02% |
358,923
+334,451
| +1,367% | +$6.77M |
|
1058
Celldex Therapeutics
CLDX
$3.19B
| $8.06M | 0.02% |
50,956
+14,058
| +38% | +$3.98M |
|
|
CDK
1059
DELISTED
CDK Global, Inc.
CDK
| $8.05M | 0.02% |
168,584
-154,129
| -48% | -$7.82M |
|
|
KING
1060
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
| $8.01M | 0.02% |
591,729
-576,643
| -49% | -$8.3M |
|
|
TOO
1061
DELISTED
Teekay Offshore Partners L.P.
TOO
| $8M | 0.02% |
555,659
+514,695
| +1,256% | +$8.79M |
|
|
FLY
1062
DELISTED
Fly Leasing Limited
FLY
| $7.99M | 0.02% |
605,619
+208,102
| +52% | +$2.94M |
|
1063
Cable One
CABO
$130M
| $7.99M | 0.02% |
+19,058
| New | +$7.89M |
|
1064
Portland General Electric
POR
$5.85B
| $7.98M | 0.02% |
215,754
-1,302,610
| -86% | -$45.9M |
|
1065
Haemonetics
HAE
$4.93B
| $7.97M | 0.02% |
246,488
+239,068
| +3,222% | +$9M |
|
|
TERP
1066
DELISTED
TerraForm Power, Inc
TERP
| $7.96M | 0.02% |
559,746
-1,028,873
| -65% | -$27.5M |
|
|
BRKL
1067
DELISTED
Brookline Bancorp
BRKL
| $7.93M | 0.02% |
782,586
+646,885
| +477% | +$7.03M |
|
1068
Microchip Technology
MCHP
$40.3B
| $7.93M | 0.02% |
368,238
-74,710
| -17% | -$1.61M |
|
|
TSRO
1069
DELISTED
TESARO, Inc.
TSRO
| $7.93M | 0.02% |
197,644
-266,491
| -57% | -$14.6M |
|
|
VG
1070
DELISTED
Vonage Holdings Corporation
VG
| $7.92M | 0.02% |
1,347,494
+535,552
| +66% | +$3.04M |
|
|
ELLI
1071
DELISTED
Ellie Mae Inc
ELLI
| $7.91M | 0.02% |
+118,861
| New | +$8.78M |
|
|
WUBA
1072
DELISTED
58.com Inc
WUBA
| $7.9M | 0.02% |
167,949
+49,377
| +42% | +$2.56M |
|
1073
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $7.89M | 0.02% |
+73,122
| New | +$7.77M |
|
|
CYBX
1074
DELISTED
CYBERONICS INC
CYBX
| $7.89M | 0.02% |
129,763
+119,763
| +1,198% | +$7.53M |
|
1075
Liberty Global Class C
LBTYK
$3.58B
| $7.87M | 0.02% |
221,073
+70,971
| +47% | +$2.87M |
|
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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.