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 | |
|---|---|---|---|---|---|---|
101
Air Products & Chemicals
APD
$67.9B
| $95.7M | 0.18% |
683,703
+340,411
| +99% | +$47.1M |
|
|
VMRK
102
Vivmark Residential
VMRK
$25B
| $95.5M | 0.18% |
1,227,158
+999,649
| +439% | +$78.1M |
|
103
HP
HPQ
$27.2B
| $95.5M | 0.18% |
6,746,820
+5,215,408
| +341% | +$86M |
|
104
Gilead Sciences
GILD
$181B
| $95.4M | 0.18% |
971,935
-168,981
| -15% | -$17.2M |
|
|
SLCA
105
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $95.1M | 0.18% |
2,670,426
+1,268,073
| +90% | +$37.1M |
|
106
VF Corp
VFC
$5.65B
| $94.6M | 0.18% |
+1,333,756
| New | +$92.3M |
|
107
Eagle Materials
EXP
$6.35B
| $92.4M | 0.17% |
1,106,007
+506,622
| +85% | +$39.5M |
|
|
CIE
108
DELISTED
Cobalt International Energy, Inc
CIE
| $91.6M | 0.17% |
648,969
-288,717
| -31% | -$39M |
|
|
PDCE
109
DELISTED
PDC Energy, Inc.
PDCE
| $90.9M | 0.17% |
1,682,832
-80,353
| -5% | -$3.89M |
|
|
BLUE
110
DELISTED
bluebird bio
BLUE
| $90.9M | 0.17% |
58,092
+15,922
| +38% | +$21M |
|
|
SEMG
111
DELISTED
SEMGROUP CORPORATION
SEMG
| $90.8M | 0.17% |
1,116,004
+77,926
| +8% | +$5.58M |
|
112
Trip.com Group
TCOM
$29B
| $90.4M | 0.17% |
3,084,900
+2,969,084
| +2,564% | +$71.7M |
|
113
Illumina
ILMN
$33.1B
| $89.7M | 0.17% |
496,944
-14,861
| -3% | -$2.8M |
|
114
United Airlines
UAL
$36.7B
| $89.3M | 0.17% |
1,328,107
+555,344
| +72% | +$37.6M |
|
115
D.R. Horton
DHI
$41.5B
| $88.9M | 0.17% |
3,120,119
+2,813,789
| +919% | +$73.3M |
|
116
Invesco
IVZ
$14.1B
| $88M | 0.16% |
2,217,998
-716,380
| -24% | -$28M |
|
117
Unum
UNM
$13.9B
| $87.1M | 0.16% |
2,583,722
+2,004,367
| +346% | +$66.5M |
|
118
Bristol-Myers Squibb
BMY
$137B
| $86.2M | 0.16% |
+1,335,986
| New | +$83.6M |
|
119
Equinor
EQNR
$102B
| $85.2M | 0.16% |
4,845,871
+240,255
| +5% | +$4.28M |
|
|
HOT
120
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $83.4M | 0.16% |
998,971
-521,319
| -34% | -$40.8M |
|
|
CSC
121
DELISTED
Computer Sciences
CSC
| $83.3M | 0.16% |
3,028,999
+2,848,542
| +1,579% | +$78.6M |
|
122
Union Pacific
UNP
$183B
| $83.3M | 0.15% |
768,816
+541,880
| +239% | +$63.6M |
|
123
Nabors Industries
NBR
$1.37B
| $83.2M | 0.15% |
121,905
+2,720
| +2% | +$1.66M |
|
124
Sysco
SYY
$40.2B
| $82M | 0.15% |
2,173,825
+1,751,623
| +415% | +$69M |
|
|
RSPP
125
DELISTED
RSP Permian, Inc.
RSPP
| $81.6M | 0.15% |
3,241,233
+3,190,333
| +6,268% | +$85.3M |
|
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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.