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 | |
|---|---|---|---|---|---|---|
1276
Marriott Vacations Worldwide
VAC
$3.94B
| $6.49M | 0.01% |
80,114
+66,477
| +487% | +$5.14M |
|
|
VRE
1277
DELISTED
Veris Residential
VRE
| $6.44M | 0.01% |
334,031
-404,655
| -55% | -$7.82M |
|
|
AUO
1278
DELISTED
AU Optronics Corp
AUO
| $6.44M | 0.01% |
1,284,915
+698,809
| +119% | +$3.73M |
|
|
EMC
1279
CALL
DELISTED
EMC CORPORATION
EMC
| $6.43M | 0.01% |
251,700
-600
| -0.2% | -$16.5K |
|
1280
Unifirst Corp
UNF
$5.29B
| $6.39M | 0.01% |
54,272
+21,531
| +66% | +$2.54M |
|
1281
Manitowoc
MTW
$702M
| $6.38M | 0.01% |
326,666
-1,134,093
| -78% | -$21.3M |
|
1282
Eaton
ETN
$160B
| $6.38M | 0.01% |
93,837
-65,338
| -41% | -$4.44M |
|
|
ASCMA
1283
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $6.37M | 0.01% |
159,949
+124,255
| +348% | +$5.53M |
|
1284
Silicon Laboratories
SLAB
$7.27B
| $6.35M | 0.01% |
124,999
-132,396
| -51% | -$6.43M |
|
|
SCAI
1285
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $6.32M | 0.01% |
184,159
+174,576
| +1,822% | +$5.81M |
|
1286
Universal Corp
UVV
$1.13B
| $6.29M | 0.01% |
133,487
-98,898
| -43% | -$4.37M |
|
|
DDC
1287
DELISTED
Dominion Diamond Corporation
DDC
| $6.28M | 0.01% |
367,577
+169,834
| +86% | +$2.86M |
|
|
AERI
1288
CALL
DELISTED
Aerie Pharmaceuticals
AERI
| $6.27M | 0.01% |
+200,000
| New | +$5.8M |
|
1289
FNB Corp
FNB
$6.55B
| $6.26M | 0.01% |
476,653
+455,853
| +2,192% | +$5.81M |
|
|
TEN
1290
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $6.26M | 0.01% |
108,963
+37,324
| +52% | +$2.07M |
|
1291
Nordson
NDSN
$18.6B
| $6.24M | 0.01% |
79,691
+64,042
| +409% | +$4.85M |
|
|
CTLT
1292
DELISTED
CATALENT, INC.
CTLT
| $6.24M | 0.01% |
+200,379
| New | +$5.77M |
|
|
FNHC
1293
DELISTED
FedNat Holding Company Common Stock
FNHC
| $6.24M | 0.01% |
203,938
+118,965
| +140% | +$3.4M |
|
1294
News Corp Class B
NWS
$18.8B
| $6.23M | 0.01% |
392,402
-90,523
| -19% | -$1.43M |
|
1295
Flex
FLEX
$40.2B
| $6.21M | 0.01% |
650,178
-450,557
| -41% | -$3.95M |
|
|
MR
1296
DELISTED
Montage Resources Corporation Common Stock
MR
| $6.19M | 0.01% |
73,454
+67,385
| +1,110% | +$6.43M |
|
|
MWW
1297
DELISTED
Monster Worldwide Inc
MWW
| $6.19M | 0.01% |
+976,143
| New | +$5.35M |
|
|
ISIL
1298
DELISTED
Intersil Corp
ISIL
| $6.19M | 0.01% |
431,956
+111,996
| +35% | +$1.66M |
|
|
ANH
1299
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $6.16M | 0.01% |
1,210,372
+423,913
| +54% | +$2.2M |
|
1300
Radian Group
RDN
$4.85B
| $6.14M | 0.01% |
+365,822
| New | +$5.96M |
|
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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.