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 | |
|---|---|---|---|---|---|---|
|
VLP
1476
CALL
DELISTED
Valero Energy Partners LP
VLP
| $4.4M | 0.01% |
91,000
+86,200
| +1,796% | +$4.19M |
|
1477
Teradyne
TER
$57.3B
| $4.4M | 0.01% |
233,354
-125,762
| -35% | -$2.41M |
|
1478
IAMGOLD
IAG
$12.7B
| $4.4M | 0.01% |
2,351,571
+980,432
| +72% | +$2.41M |
|
1479
CALL
Deere & Co
DE
$170B
| $4.38M | 0.01% |
50,000
-10,500
| -17% | -$932K |
|
1480
Mercer International
MERC
$28.6M
| $4.38M | 0.01% |
285,423
+134,345
| +89% | +$1.81M |
|
1481
Harmonic Inc
HLIT
$1.34B
| $4.38M | 0.01% |
590,670
+494,908
| +517% | +$3.68M |
|
|
KNL
1482
DELISTED
Knoll, Inc.
KNL
| $4.38M | 0.01% |
186,808
+90,946
| +95% | +$1.89M |
|
|
REGI
1483
DELISTED
Renewable Energy Group, Inc.
REGI
| $4.37M | 0.01% |
473,872
-609,550
| -56% | -$5.56M |
|
1484
Mercury Systems
MRCY
$5.28B
| $4.36M | 0.01% |
280,151
+174,298
| +165% | +$2.75M |
|
|
HA
1485
DELISTED
Hawaiian Holdings, Inc.
HA
| $4.35M | 0.01% |
197,443
+24,149
| +14% | +$515K |
|
|
CHU
1486
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $4.35M | 0.01% |
284,845
-49,383
| -15% | -$767K |
|
1487
Sanmina
SANM
$10.2B
| $4.34M | 0.01% |
179,518
-541,721
| -75% | -$12.4M |
|
|
HTS
1488
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $4.34M | 0.01% |
238,935
+118,128
| +98% | +$2.15M |
|
1489
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $4.33M | 0.01% |
177,574
+165,386
| +1,357% | +$4.09M |
|
1490
Paycom
PAYC
$10.4B
| $4.31M | 0.01% |
+134,569
| New | +$3.99M |
|
1491
Galicia Financial Group
GGAL
$7.1B
| $4.3M | 0.01% |
+185,597
| New | +$3.66M |
|
1492
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.68B
| $4.28M | 0.01% |
+36,367
| New | +$4.27M |
|
1493
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $4.28M | 0.01% |
47,200
+11,821
| +33% | +$1.07M |
|
|
FWP
1494
DELISTED
Forward Pharma A/S American Depositary Shares
FWP
| $4.27M | 0.01% |
+21,520
| New | +$3.49M |
|
|
ARMH
1495
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $4.26M | 0.01% |
+86,360
| New | +$4.3M |
|
|
DEG
1496
DELISTED
ETABLISSEMENT DELHZ ADS 4 ADS REPTGS 1 ORD SHS
DEG
| $4.25M | 0.01% |
189,973
+89,316
| +89% | +$1.9M |
|
|
AEC
1497
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $4.25M | 0.01% |
172,103
+6,960
| +4% | +$171K |
|
|
AEGN
1498
DELISTED
Aegion Corp
AEGN
| $4.24M | 0.01% |
234,845
+223,376
| +1,948% | +$3.82M |
|
|
AYR
1499
DELISTED
Aircastle Ltd
AYR
| $4.23M | 0.01% |
188,479
+176,455
| +1,468% | +$3.84M |
|
|
ADVM
1500
DELISTED
Adverum Biotechnologies
ADVM
| $4.23M | 0.01% |
10,436
-974
| -9% | -$412K |
|
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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.