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 | |
|---|---|---|---|---|---|---|
1126
Hasbro
HAS
$13.5B
| $7.23M | 0.01% |
100,275
+9,386
| +10% | +$725K |
|
1127
PUT
Chipotle Mexican Grill
CMG
$48.1B
| $7.2M | 0.01% |
+500,000
| New | +$7.11M |
|
1128
CALL
Procter & Gamble
PG
$341B
| $7.19M | 0.01% |
100,000
| – | – |
|
1129
PTC Therapeutics
PTCT
$5.93B
| $7.19M | 0.01% |
269,419
-22,022
| -8% | -$942K |
|
1130
Southwest Gas
SWX
$6.49B
| $7.17M | 0.01% |
122,964
+14,185
| +13% | +$784K |
|
|
TIME
1131
DELISTED
Time Inc.
TIME
| $7.17M | 0.01% |
376,320
-193,426
| -34% | -$4.09M |
|
|
PPS
1132
DELISTED
Post Properties
PPS
| $7.17M | 0.01% |
122,953
+16,718
| +16% | +$957K |
|
1133
Steris
STE
$23.2B
| $7.17M | 0.01% |
110,279
-179,953
| -62% | -$11.9M |
|
1134
Boyd Gaming
BYD
$5.89B
| $7.16M | 0.01% |
439,296
+129,293
| +42% | +$2.14M |
|
|
AGU
1135
CALL
DELISTED
Agrium
AGU
| $7.16M | 0.01% |
+80,000
| New | +$8.09M |
|
|
WAGE
1136
DELISTED
WageWorks, Inc.
WAGE
| $7.15M | 0.01% |
158,605
-127,769
| -45% | -$5.8M |
|
|
ZGNX
1137
DELISTED
Zogenix, Inc.
ZGNX
| $7.14M | 0.01% |
529,263
+309,587
| +141% | +$5.58M |
|
1138
Rexford Industrial Realty
REXR
$8.4B
| $7.14M | 0.01% |
517,612
-237,612
| -31% | -$3.31M |
|
1139
Infosys
INFY
$47.9B
| $7.13M | 0.01% |
+747,048
| New | +$6.39M |
|
1140
Guidewire Software
GWRE
$16B
| $7.11M | 0.01% |
135,187
+80,277
| +146% | +$4.44M |
|
|
PRMW
1141
DELISTED
Primo Water Corporation
PRMW
| $7.1M | 0.01% |
655,744
+470,149
| +253% | +$5.08M |
|
1142
Cincinnati Financial
CINF
$26.3B
| $7.08M | 0.01% |
131,642
+104,754
| +390% | +$5.63M |
|
|
TLN
1143
DELISTED
Talen Energy Corporation
TLN
| $7.07M | 0.01% |
699,675
-1,192,429
| -63% | -$17.5M |
|
1144
PUT
Perrigo
PRGO
$1.98B
| $7.04M | 0.01% |
+50,000
| New | +$9.17M |
|
1145
Brixmor Property Group
BRX
$9.08B
| $7.04M | 0.01% |
299,784
-304,899
| -50% | -$7.26M |
|
1146
YPF Sociedad Anonima ADS
YPF
$20.1B
| $7.03M | 0.01% |
461,472
+249,518
| +118% | +$5.58M |
|
1147
Progressive
PGR
$130B
| $7M | 0.01% |
228,559
-163,284
| -42% | -$4.93M |
|
1148
Tyson Foods
TSN
$20.4B
| $7M | 0.01% |
162,468
-1,184,726
| -88% | -$50.5M |
|
1149
Unifirst Corp
UNF
$5.28B
| $7M | 0.01% |
65,560
+12,490
| +24% | +$1.39M |
|
1150
Sonida Senior Living
SNDA
$1.89B
| $7M | 0.01% |
23,268
+4,523
| +24% | +$1.49M |
|
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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.