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 | |
|---|---|---|---|---|---|---|
|
TRIB
1226
Trinity Biotech
TRIB
$7.88M
| $7.09M | 0.01% |
2,455
+366
| +18% | +$1.01M |
|
|
CMCSK
1227
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $7.09M | 0.01% |
126,444
-26,231
| -17% | -$1.47M |
|
1228
Itron
ITRI
$4.29B
| $7.05M | 0.01% |
193,231
+87,353
| +83% | +$3.25M |
|
|
OTIC
1229
DELISTED
Otonomy, Inc.
OTIC
| $7.05M | 0.01% |
199,460
-121,455
| -38% | -$4.15M |
|
1230
Navios Maritime Partners
NMM
$2.56B
| $7.05M | 0.01% |
42,183
+37,166
| +741% | +$6.7M |
|
|
NUAN
1231
DELISTED
Nuance Communications, Inc.
NUAN
| $7.04M | 0.01% |
566,471
-865,287
| -60% | -$10.4M |
|
|
KYTH
1232
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $7.04M | 0.01% |
+140,345
| New | +$5.89M |
|
1233
MGIC Investment
MTG
$6.36B
| $7.03M | 0.01% |
730,059
+268,869
| +58% | +$2.46M |
|
1234
Hershey
HSY
$37.6B
| $7.02M | 0.01% |
69,597
-449,529
| -87% | -$46.9M |
|
|
RAI
1235
PUT
DELISTED
Reynolds American Inc
RAI
| $7.01M | 0.01% |
203,600
+187,000
| +1,127% | +$6.55M |
|
1236
Vanguard Total Bond Market
BND
$162B
| $7M | 0.01% |
83,981
+80,228
| +2,138% | +$6.67M |
|
1237
Boyd Gaming
BYD
$5.88B
| $7M | 0.01% |
+492,674
| New | +$6.77M |
|
1238
Autohome
ATHM
$2.5B
| $6.99M | 0.01% |
158,954
+19,198
| +14% | +$751K |
|
|
ACRE
1239
Ares Commercial Real Estate
ACRE
$261M
| $6.98M | 0.01% |
631,382
-161,409
| -20% | -$1.91M |
|
1240
American Express
AXP
$227B
| $6.97M | 0.01% |
89,199
-59,708
| -40% | -$4.96M |
|
|
HAWK
1241
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $6.97M | 0.01% |
195,998
+186,139
| +1,888% | +$6.61M |
|
|
WSTC
1242
DELISTED
West Corporation
WSTC
| $6.93M | 0.01% |
+205,589
| New | +$6.82M |
|
|
EFOR
1243
Everforth Inc
EFOR
$1.31B
| $6.91M | 0.01% |
180,134
+101,601
| +129% | +$3.7M |
|
|
FCAM
1244
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $6.91M | 0.01% |
+50,000
| New | +$6.25M |
|
1245
Public Storage
PSA
$60B
| $6.88M | 0.01% |
34,885
-202,907
| -85% | -$40.2M |
|
1246
PUT
Cleveland-Cliffs
CLF
$6.5B
| $6.84M | 0.01% |
1,423,100
-1,014,200
| -42% | -$6.53M |
|
1247
Oaktree Specialty Lending
OCSL
$1.15B
| $6.82M | 0.01% |
311,514
-320,970
| -51% | -$7.2M |
|
|
PSB
1248
DELISTED
PS Business Parks, Inc.
PSB
| $6.82M | 0.01% |
82,093
-28,105
| -26% | -$2.32M |
|
|
MENT
1249
DELISTED
Mentor Graphics Corp
MENT
| $6.81M | 0.01% |
283,520
+109,934
| +63% | +$2.57M |
|
1250
PUT
Vale
VALE
$63.6B
| $6.79M | 0.01% |
1,201,700
+1,028,400
| +593% | +$7.46M |
|
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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.