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 |
PPL
PPL Corp
PPL
|
+$304M |
| 2 |
SWN
Southwestern Energy Company
SWN
|
+$207M |
| 3 |
Biogen
BIIB
|
+$177M |
| 4 |
MON
Monsanto Co
MON
|
+$164M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$153M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$412M |
| 2 |
Pfizer
PFE
|
+$283M |
| 3 |
Devon Energy
DVN
|
+$194M |
| 4 |
Valero Energy
VLO
|
+$187M |
| 5 |
Altria Group
MO
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.04% |
| 2 | Energy | 12.07% |
| 3 | Financials | 9.11% |
| 4 | Consumer Discretionary | 8.85% |
| 5 | Industrials | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FMI
1251
DELISTED
Foundation Medicine, Inc.
FMI
| $6.26M | 0.01% |
184,984
+162,651
| +728% | +$6.54M |
|
|
FLY
1252
DELISTED
Fly Leasing Limited
FLY
| $6.24M | 0.01% |
397,517
+34,960
| +10% | +$534K |
|
1253
Axalta
AXTA
$7.75B
| $6.24M | 0.01% |
188,581
-2,518
| -1% | -$83.1K |
|
1254
Essent Group
ESNT
$6.18B
| $6.23M | 0.01% |
227,825
+53,760
| +31% | +$1.38M |
|
1255
TTM Technologies
TTMI
$11.8B
| $6.23M | 0.01% |
623,701
+400,723
| +180% | +$3.9M |
|
|
ODP
1256
DELISTED
ODP
ODP
| $6.21M | 0.01% |
+71,731
| New | +$6.6M |
|
|
CKSW
1257
DELISTED
CLICKSOFTWARE TECH LTD
CKSW
| $6.21M | 0.01% |
494,101
+482,532
| +4,171% | +$5.56M |
|
1258
Oneok
OKE
$58.2B
| $6.2M | 0.01% |
157,134
+117,308
| +295% | +$5.2M |
|
1259
BJ's Restaurants
BJRI
$1.38B
| $6.2M | 0.01% |
128,026
-195,415
| -60% | -$9.43M |
|
|
SYNH
1260
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $6.2M | 0.01% |
154,583
+19,471
| +14% | +$672K |
|
1261
General Dynamics
GD
$102B
| $6.2M | 0.01% |
43,735
-1,093,085
| -96% | -$152M |
|
1262
PUT
American International
AIG
$40.1B
| $6.18M | 0.01% |
100,000
-2,700
| -3% | -$160K |
|
1263
Dentsply Sirona
XRAY
$2.15B
| $6.18M | 0.01% |
119,839
-505,142
| -81% | -$26.1M |
|
|
CHSP
1264
DELISTED
Chesapeake Lodging Trust
CHSP
| $6.17M | 0.01% |
202,258
-65,984
| -25% | -$2.09M |
|
1265
Liberty Global Class C
LBTYK
$3.56B
| $6.15M | 0.01% |
150,102
+819
| +0.5% | +$33.9K |
|
|
NE
1266
PUT
DELISTED
Noble Corporation
NE
| $6.14M | 0.01% |
398,900
| – | – |
|
|
HTS
1267
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $6.13M | 0.01% |
376,246
+137,311
| +57% | +$2.46M |
|
|
LFC
1268
DELISTED
China Life Insurance Company Ltd.
LFC
| $6.13M | 0.01% |
281,790
+243,432
| +635% | +$5.8M |
|
1269
Credicorp
BAP
$30B
| $6.13M | 0.01% |
44,124
-11,370
| -20% | -$1.66M |
|
1270
W.P. Carey
WPC
$16.3B
| $6.12M | 0.01% |
106,083
-219,795
| -67% | -$13.7M |
|
1271
Ericsson
ERIC
$33.7B
| $6.12M | 0.01% |
+586,387
| New | +$6.79M |
|
|
TE
1272
DELISTED
TECO ENERGY INC
TE
| $6.11M | 0.01% |
346,077
+65,706
| +23% | +$1.23M |
|
|
GNCA
1273
DELISTED
Genocea Biosciences, Inc.
GNCA
| $6.11M | 0.01% |
55,628
+30,866
| +125% | +$2.87M |
|
1274
Alnylam Pharmaceuticals
ALNY
$32.1B
| $6.11M | 0.01% |
50,950
-28,565
| -36% | -$3.41M |
|
|
GST
1275
DELISTED
Gastar Exploration Inc.
GST
| $6.11M | 0.01% |
1,976,262
+619,853
| +46% | +$1.97M |
|
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Israel Englander's Q2 2015 Portfolio in Review
As of Q2 2015, Israel Englander held 4,294 positions worth $52.9B, down 1.6% from $53.7B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander's Q2 2015 filing shows 780 new, 1,199 increased, 1,223 reduced and 1,034 closed positions. Its largest new stake was Charter Communications: 575,958 shares worth $98.6M. The largest sale was Teva Pharmaceuticals, an estimated $412M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, down from 16% a quarter earlier, followed by Energy and Financials.
- Israel Englander's largest Q2 2015 buy was Charter Communications: 575,958 shares worth $98.6M.
- Israel Englander added most to PPL Corp in Q2 2015, an estimated $304M increase.
- Israel Englander's biggest Q2 2015 reduction was Teva Pharmaceuticals, cutting an estimated $412M.
- Israel Englander fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $145M.
- Israel Englander's ten largest holdings make up 11% of its $52.9B portfolio in Q2 2015.
- Israel Englander opened 780 new positions and closed 1,034 in Q2 2015.
- Israel Englander's portfolio value fell 1.6% quarter-over-quarter to $52.9B.
Based on Millennium Management's 13F filing for Q2 2015, filed 14 Aug 2015.