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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.04% |
| 2 | Energy | 12.07% |
| 3 | Financials | 9.11% |
| 4 | Consumer Discretionary | 8.85% |
| 5 | Industrials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
CALL
iShares MSCI Taiwan ETF
EWT
$11.4B
| $7.89M | 0.01% |
+250,000
| New | +$8.06M |
|
1127
Tanger
SKT
$4.42B
| $7.89M | 0.01% |
248,806
+82,232
| +49% | +$2.78M |
|
|
CUDA
1128
DELISTED
Barracuda Networks, Inc.
CUDA
| $7.89M | 0.01% |
+199,076
| New | +$8.17M |
|
|
INVX
1129
Innovex International
INVX
$2.02B
| $7.87M | 0.01% |
104,609
-65,169
| -38% | -$4.9M |
|
1130
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.5B
| $7.87M | 0.01% |
28,800
+27,800
| +2,780% | +$7.73M |
|
1131
Coty
COTY
$2.36B
| $7.83M | 0.01% |
244,873
+160,101
| +189% | +$4.14M |
|
1132
CALL
Procter & Gamble
PG
$338B
| $7.82M | 0.01% |
+100,000
| New | +$8.05M |
|
1133
Criteo S.A.
CRTO
$842M
| $7.8M | 0.01% |
163,733
-168,542
| -51% | -$7.68M |
|
|
LSI
1134
DELISTED
Life Storage, Inc.
LSI
| $7.8M | 0.01% |
134,552
-17,167
| -11% | -$1.03M |
|
1135
Flowserve
FLS
$10.3B
| $7.77M | 0.01% |
147,517
+21,677
| +17% | +$1.21M |
|
|
GRA
1136
DELISTED
W.R. Grace & Co.
GRA
| $7.76M | 0.01% |
77,382
-5,179
| -6% | -$510K |
|
|
SWC
1137
DELISTED
Stillwater Mining Co
SWC
| $7.75M | 0.01% |
668,393
-451,214
| -40% | -$6.1M |
|
|
BWP
1138
DELISTED
Boardwalk Pipeline Partners
BWP
| $7.74M | 0.01% |
533,262
+493,262
| +1,233% | +$8M |
|
1139
Stepan Co
SCL
$1.4B
| $7.65M | 0.01% |
141,413
+20,042
| +17% | +$989K |
|
|
AEL
1140
DELISTED
American Equity Investment Life Holding Company
AEL
| $7.65M | 0.01% |
283,634
+178,651
| +170% | +$4.89M |
|
1141
Wheaton Precious Metals
WPM
$73.8B
| $7.64M | 0.01% |
440,465
-2,208,221
| -83% | -$42.4M |
|
|
CRC
1142
DELISTED
California Resources Corporation
CRC
| $7.62M | 0.01% |
126,088
-35,052
| -22% | -$2.83M |
|
1143
Central Pacific Financial
CPF
$969M
| $7.6M | 0.01% |
320,090
+290,948
| +998% | +$6.78M |
|
|
BWLD
1144
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $7.6M | 0.01% |
48,502
+27,661
| +133% | +$4.52M |
|
1145
Kosmos Energy
KOS
$1.62B
| $7.6M | 0.01% |
901,374
-1,508,689
| -63% | -$13.4M |
|
|
WUBA
1146
DELISTED
58.com Inc
WUBA
| $7.6M | 0.01% |
118,572
+57,418
| +94% | +$4.17M |
|
1147
Annaly Capital Management
NLY
$17.4B
| $7.57M | 0.01% |
205,975
-151,442
| -42% | -$6.12M |
|
1148
Boston Beer
SAM
$1.92B
| $7.56M | 0.01% |
+32,604
| New | +$8.38M |
|
|
VR
1149
DELISTED
Validus Hold Ltd
VR
| $7.54M | 0.01% |
171,375
+113,408
| +196% | +$4.87M |
|
1150
MDU Resources
MDU
$4.2B
| $7.53M | 0.01% |
1,013,310
-803,338
| -44% | -$6.46M |
|
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Israel Englander's Q2 2015 Portfolio in Review
As of Q2 2015, Israel Englander held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 16% a quarter earlier, followed by Energy and Financials.
- Israel Englander's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Israel Englander added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Israel Englander's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Israel Englander fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Israel Englander's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Israel Englander opened 780 new positions and closed 1,034 in Q2 2015.
- Israel Englander's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.