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 | |
|---|---|---|---|---|---|---|
1101
Sasol
SSL
$7.87B
| $8.66M | 0.02% |
254,365
+121,929
| +92% | +$4.38M |
|
1102
Estee Lauder
EL
$37.7B
| $8.64M | 0.02% |
103,932
-443,509
| -81% | -$34.9M |
|
1103
Zumiez
ZUMZ
$312M
| $8.61M | 0.02% |
213,893
+204,524
| +2,183% | +$7.93M |
|
|
SLH
1104
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $8.61M | 0.02% |
166,596
-696,932
| -81% | -$36.8M |
|
1105
Coherus Oncology
CHRS
$210M
| $8.59M | 0.02% |
+280,999
| New | +$7.26M |
|
|
OMG
1106
DELISTED
OM GROUP INC.
OMG
| $8.57M | 0.02% |
285,370
+176,831
| +163% | +$5.14M |
|
1107
Landstar System
LSTR
$6.11B
| $8.54M | 0.02% |
128,804
-200,499
| -61% | -$13.6M |
|
1108
Green Plains
GPRE
$1.05B
| $8.53M | 0.02% |
298,918
-134,044
| -31% | -$3.35M |
|
1109
CME Group
CME
$100B
| $8.52M | 0.02% |
90,000
-267,901
| -75% | -$24.8M |
|
1110
Option Care Health
OPCH
$3.55B
| $8.52M | 0.02% |
480,580
+11,339
| +2% | +$247K |
|
|
ADT
1111
DELISTED
ADT Corp
ADT
| $8.49M | 0.02% |
204,581
+129,052
| +171% | +$4.84M |
|
1112
PUT
Danaher
DHR
$151B
| $8.49M | 0.02% |
+148,783
| New | +$8.54M |
|
1113
Berkshire Hathaway Class A
BRK.A
$1.08T
| $8.48M | 0.02% |
39
-10
| -20% | -$2.21M |
|
1114
Plains GP Holdings
PAGP
$5.4B
| $8.46M | 0.02% |
111,994
+104,435
| +1,382% | +$7.58M |
|
1115
SITE Centers
SITC
$161M
| $8.43M | 0.02% |
351,520
-1,805,356
| -84% | -$44.6M |
|
1116
CALL
Macerich
MAC
$6.91B
| $8.43M | 0.02% |
+100,000
| New | +$8.75M |
|
|
OSG
1117
Octave Specialty Group
OSG
$204M
| $8.41M | 0.02% |
347,544
-205,702
| -37% | -$5.23M |
|
|
MSCC
1118
DELISTED
Microsemi Corp
MSCC
| $8.41M | 0.02% |
237,609
+201,272
| +554% | +$6.23M |
|
1119
Minerals Technologies
MTX
$2.24B
| $8.41M | 0.02% |
115,053
+33,960
| +42% | +$2.3M |
|
|
IMGN
1120
DELISTED
Immunogen Inc
IMGN
| $8.41M | 0.02% |
939,664
-549,771
| -37% | -$3.98M |
|
|
SPN
1121
DELISTED
Superior Energy Services, Inc.
SPN
| $8.4M | 0.02% |
37,606
-379,227
| -91% | -$78.8M |
|
|
TGI
1122
DELISTED
Triumph Group
TGI
| $8.39M | 0.02% |
140,527
-176,080
| -56% | -$10.6M |
|
|
PDM
1123
Piedmont Realty Trust
PDM
$1.23B
| $8.39M | 0.02% |
450,709
+186,544
| +71% | +$3.52M |
|
1124
COPT Defense Properties
CDP
$4.25B
| $8.36M | 0.02% |
284,611
-723,568
| -72% | -$21.4M |
|
1125
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $8.36M | 0.02% |
221,942
+58,708
| +36% | +$2.16M |
|
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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.