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 | |
|---|---|---|---|---|---|---|
1526
CALL
Tronox
TROX
$880M
| $4.07M | 0.01% |
+200,000
| New | +$4.26M |
|
1527
Ligand Pharmaceuticals
LGND
$5.62B
| $4.05M | 0.01% |
84,246
-161,265
| -66% | -$6.18M |
|
|
ENIA
1528
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $4.05M | 0.01% |
461,744
+406,328
| +733% | +$3.49M |
|
|
BGC
1529
DELISTED
General Cable Corporation
BGC
| $4.05M | 0.01% |
234,835
+64,355
| +38% | +$910K |
|
1530
Saic
SAIC
$5.38B
| $4.04M | 0.01% |
78,611
-199,427
| -72% | -$10.4M |
|
1531
Medifast
MED
$136M
| $4.03M | 0.01% |
134,482
+1,328
| +1% | +$42.2K |
|
|
BNY
1532
CALL
Bank of New York Mellon
BNY
$111B
| $4.02M | 0.01% |
+100,000
| New | +$3.89M |
|
1533
DHI Group
DHX
$190M
| $4.02M | 0.01% |
451,049
-93,254
| -17% | -$847K |
|
1534
KT
KT
$9.16B
| $4.02M | 0.01% |
307,574
+92,468
| +43% | +$1.25M |
|
1535
Northern Trust
NTRS
$34.2B
| $4.02M | 0.01% |
57,753
-71,285
| -55% | -$4.87M |
|
1536
Citi Trends
CTRN
$581M
| $4.02M | 0.01% |
148,754
+34,006
| +30% | +$859K |
|
|
MTGE
1537
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $4.01M | 0.01% |
223,136
+59,745
| +37% | +$1.11M |
|
1538
Smith & Wesson
SWBI
$606M
| $4M | 0.01% |
+409,213
| New | +$3.91M |
|
|
DNKN
1539
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $3.99M | 0.01% |
83,987
-288,768
| -77% | -$13.4M |
|
1540
Columbia Sportswear
COLM
$3.02B
| $3.99M | 0.01% |
65,519
+48,156
| +277% | +$2.44M |
|
1541
Tapestry
TPR
$25.9B
| $3.99M | 0.01% |
96,297
+19,719
| +26% | +$785K |
|
1542
PUT
iShares Russell 2000 ETF
IWM
$81.7B
| $3.98M | 0.01% |
+32,000
| New | +$3.86M |
|
1543
PUT
Neurocrine Biosciences
NBIX
$15.6B
| $3.97M | 0.01% |
100,000
| – | – |
|
1544
CALL
Petrobras
PBR
$115B
| $3.97M | 0.01% |
660,200
+644,200
| +4,026% | +$4.11M |
|
|
VER
1545
DELISTED
VEREIT, Inc.
VER
| $3.92M | 0.01% |
79,537
+75,527
| +1,883% | +$3.61M |
|
1546
Banco Santander
SAN
$213B
| $3.9M | 0.01% |
552,197
+413,078
| +297% | +$2.79M |
|
1547
Stewart Information Services
STC
$2.12B
| $3.9M | 0.01% |
95,989
-194,836
| -67% | -$7.29M |
|
1548
Calix
CALX
$2.51B
| $3.9M | 0.01% |
464,339
+21,606
| +5% | +$194K |
|
1549
American Water Works
AWK
$27.3B
| $3.88M | 0.01% |
71,660
+17,213
| +32% | +$936K |
|
1550
Orthofix Medical
OFIX
$393M
| $3.88M | 0.01% |
107,995
+16,863
| +19% | +$530K |
|
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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.