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 | |
|---|---|---|---|---|---|---|
1151
Baytex Energy
BTE
$3.3B
| $7M | 0.01% |
2,185,955
+2,173,033
| +16,817% | +$16.6M |
|
1152
Assured Guaranty
AGO
$3.26B
| $6.98M | 0.01% |
279,058
+242,158
| +656% | +$6.09M |
|
|
MITT
1153
TPG Mortgage Investment Trust
MITT
$214M
| $6.94M | 0.01% |
151,936
-2,360
| -2% | -$121K |
|
1154
Equinor
EQNR
$101B
| $6.89M | 0.01% |
473,088
-1,579,324
| -77% | -$24.9M |
|
|
BTU
1155
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $6.88M | 0.01% |
22,147
| – | – |
|
1156
Shutterstock
SSTK
$198M
| $6.85M | 0.01% |
226,559
+59,756
| +36% | +$2.4M |
|
1157
BancFirst
BANF
$3.78B
| $6.82M | 0.01% |
216,220
+20,022
| +10% | +$630K |
|
1158
Prestige Consumer Healthcare
PBH
$2.46B
| $6.8M | 0.01% |
+150,628
| New | +$7.12M |
|
1159
Oaktree Specialty Lending
OCSL
$1.16B
| $6.78M | 0.01% |
366,328
+133,485
| +57% | +$2.57M |
|
1160
Cinemark Holdings
CNK
$4.45B
| $6.77M | 0.01% |
208,381
+157,722
| +311% | +$5.87M |
|
|
FMI
1161
DELISTED
Foundation Medicine, Inc.
FMI
| $6.77M | 0.01% |
366,947
+181,963
| +98% | +$4.54M |
|
|
SCTY
1162
PUT
DELISTED
SolarCity Corporation
SCTY
| $6.74M | 0.01% |
+157,700
| New | +$7.92M |
|
1163
Zurn Elkay Water Solutions
ZWS
$8.1B
| $6.72M | 0.01% |
822,063
+502,137
| +157% | +$5.01M |
|
|
ELNK
1164
DELISTED
EarthLink Holdings Corp.
ELNK
| $6.71M | 0.01% |
863,055
-328,556
| -28% | -$2.68M |
|
1165
Plains GP Holdings
PAGP
$5.4B
| $6.71M | 0.01% |
143,892
+123,105
| +592% | +$6.89M |
|
1166
American Water Works
AWK
$27.8B
| $6.68M | 0.01% |
121,250
-164,465
| -58% | -$8.59M |
|
1167
CALL
PTC Therapeutics
PTCT
$5.93B
| $6.67M | 0.01% |
250,000
+190,000
| +317% | +$8.13M |
|
1168
Coeur Mining
CDE
$21.5B
| $6.67M | 0.01% |
2,365,949
+1,866,815
| +374% | +$6.78M |
|
|
ATHN
1169
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $6.67M | 0.01% |
+50,000
| New | +$6.52M |
|
|
ENLC
1170
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $6.65M | 0.01% |
363,871
+181,444
| +99% | +$4.45M |
|
|
VER
1171
DELISTED
VEREIT, Inc.
VER
| $6.65M | 0.01% |
172,185
-102,918
| -37% | -$4.3M |
|
1172
PUT
Kinder Morgan
KMI
$69B
| $6.62M | 0.01% |
239,300
| – | – |
|
1173
Ares Capital
ARCC
$14.4B
| $6.62M | 0.01% |
457,341
+414,665
| +972% | +$6.51M |
|
|
CTLT
1174
DELISTED
CATALENT, INC.
CTLT
| $6.6M | 0.01% |
271,612
-136,250
| -33% | -$4.14M |
|
|
BLOX
1175
DELISTED
Infoblox Inc
BLOX
| $6.6M | 0.01% |
412,879
+239,423
| +138% | +$5.22M |
|
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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.