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 | |
|---|---|---|---|---|---|---|
1226
Credicorp
BAP
$29.9B
| $6.01M | 0.01% |
56,538
+12,414
| +28% | +$1.5M |
|
1227
Tennant Co
TNC
$1.18B
| $5.99M | 0.01% |
106,664
+41,570
| +64% | +$2.47M |
|
|
UPL
1228
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $5.99M | 0.01% |
937,574
+773,213
| +470% | +$6.11M |
|
|
STL
1229
DELISTED
Sterling Bancorp
STL
| $5.99M | 0.01% |
402,651
-522,476
| -56% | -$7.57M |
|
1230
Innoviva
INVA
$1.52B
| $5.95M | 0.01% |
828,226
+691,047
| +504% | +$9.39M |
|
1231
Gentex
GNTX
$4.98B
| $5.94M | 0.01% |
383,434
-511,622
| -57% | -$8.13M |
|
1232
Carter's
CRI
$1.27B
| $5.93M | 0.01% |
65,440
+5,450
| +9% | +$546K |
|
1233
Ethan Allen Interiors
ETD
$597M
| $5.93M | 0.01% |
224,393
+177,169
| +375% | +$5.19M |
|
1234
Sasol
SSL
$7.38B
| $5.92M | 0.01% |
212,737
+163,052
| +328% | +$5.23M |
|
1235
Extreme Networks
EXTR
$2.96B
| $5.92M | 0.01% |
1,760,343
+905,543
| +106% | +$2.52M |
|
1236
Canadian Imperial Bank of Commerce
CM
$107B
| $5.91M | 0.01% |
164,310
+134,172
| +445% | +$4.74M |
|
1237
Ryder
R
$9.42B
| $5.91M | 0.01% |
79,849
-242,316
| -75% | -$20.7M |
|
|
FCAM
1238
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $5.87M | 0.01% |
50,000
| – | – |
|
|
IMPV
1239
DELISTED
Imperva, Inc.
IMPV
| $5.85M | 0.01% |
89,391
+78,578
| +727% | +$5.21M |
|
|
SLCA
1240
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $5.85M | 0.01% |
414,900
| – | – |
|
|
ESND
1241
DELISTED
Essendant Inc.
ESND
| $5.84M | 0.01% |
179,980
+88,525
| +97% | +$3.13M |
|
1242
ON Semiconductor
ON
$28B
| $5.82M | 0.01% |
618,847
+330,351
| +115% | +$3.36M |
|
|
HIBB
1243
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $5.81M | 0.01% |
165,857
+127,406
| +331% | +$5.32M |
|
|
ICPT
1244
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $5.8M | 0.01% |
+35,000
| New | +$7.7M |
|
1245
Coty
COTY
$2.41B
| $5.79M | 0.01% |
213,777
-31,096
| -13% | -$884K |
|
1246
Selective Insurance
SIGI
$5.49B
| $5.79M | 0.01% |
186,258
-78,017
| -30% | -$2.39M |
|
1247
Service Corp International
SCI
$11.4B
| $5.76M | 0.01% |
+212,747
| New | +$6.29M |
|
1248
QuidelOrtho
QDEL
$1.01B
| $5.76M | 0.01% |
305,146
-76,751
| -20% | -$1.64M |
|
1249
iShares Russell 2000 Value ETF
IWN
$14.6B
| $5.75M | 0.01% |
63,878
+47,752
| +296% | +$4.58M |
|
1250
Boise Cascade
BCC
$2.82B
| $5.75M | 0.01% |
227,948
+94,670
| +71% | +$3.02M |
|
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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.