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 | |
|---|---|---|---|---|---|---|
|
SJR
1201
DELISTED
Shaw Communications Inc.
SJR
| $6.32M | 0.01% |
+325,583
| New | +$6.63M |
|
1202
Xerox
XRX
$387M
| $6.31M | 0.01% |
+246,087
| New | +$6.82M |
|
|
TVTY
1203
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $6.31M | 0.01% |
567,214
+87,119
| +18% | +$1.06M |
|
|
ALOG
1204
DELISTED
Analogic Corp
ALOG
| $6.28M | 0.01% |
76,546
+22,433
| +41% | +$1.82M |
|
|
MTEM
1205
DELISTED
Molecular Templates, Inc.
MTEM
| $6.28M | 0.01% |
9,345
+2,616
| +39% | +$1.86M |
|
|
KNGT
1206
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $6.23M | 0.01% |
259,745
-181,369
| -41% | -$4.35M |
|
1207
MSC Industrial Direct
MSM
$6.61B
| $6.22M | 0.01% |
+101,968
| New | +$6.95M |
|
1208
CALL
PBF Energy
PBF
$7.88B
| $6.22M | 0.01% |
220,400
| – | – |
|
|
WPG
1209
DELISTED
Washington Prime Group Inc.
WPG
| $6.22M | 0.01% |
59,246
+47,969
| +425% | +$5.58M |
|
|
AAWW
1210
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $6.21M | 0.01% |
179,630
-215,159
| -54% | -$9.59M |
|
|
FINL
1211
DELISTED
Finish Line
FINL
| $6.19M | 0.01% |
320,883
-367,788
| -53% | -$9.74M |
|
1212
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $6.17M | 0.01% |
+62,452
| New | +$6.56M |
|
|
SWN
1213
CALL
DELISTED
Southwestern Energy Company
SWN
| $6.15M | 0.01% |
484,700
| – | – |
|
1214
Comfort Systems
FIX
$55B
| $6.13M | 0.01% |
224,777
+73,834
| +49% | +$1.98M |
|
|
AMSG
1215
DELISTED
Amsurg Corp
AMSG
| $6.12M | 0.01% |
+78,729
| New | +$6.07M |
|
1216
Brown-Forman Class B
BF.B
$12.9B
| $6.12M | 0.01% |
197,200
+80,947
| +70% | +$2.64M |
|
|
ORIT
1217
DELISTED
Oritani Financial Corp. New
ORIT
| $6.08M | 0.01% |
389,234
+272,428
| +233% | +$4.23M |
|
1218
PUT
Martin Marietta Materials
MLM
$37.8B
| $6.08M | 0.01% |
+40,000
| New | +$6.48M |
|
|
AKS
1219
DELISTED
AK Steel Holding Corp
AKS
| $6.07M | 0.01% |
2,517,968
-5,013,742
| -67% | -$14.6M |
|
|
DMND
1220
DELISTED
DIAMOND FOODS, INC.
DMND
| $6.06M | 0.01% |
196,364
+114,901
| +141% | +$3.6M |
|
1221
Manhattan Associates
MANH
$12.4B
| $6.06M | 0.01% |
+97,255
| New | +$6.06M |
|
1222
Minerals Technologies
MTX
$2.24B
| $6.06M | 0.01% |
125,760
+68,632
| +120% | +$3.96M |
|
|
POM
1223
PUT
DELISTED
PEPCO HOLDINGS, INC.
POM
| $6.05M | 0.01% |
+250,000
| New | +$6.36M |
|
1224
Coherent
COHR
$56.4B
| $6.04M | 0.01% |
375,298
+203,647
| +119% | +$3.51M |
|
1225
KKR & Co
KKR
$96.6B
| $6.03M | 0.01% |
+359,418
| New | +$7.64M |
|
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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.