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 | |
|---|---|---|---|---|---|---|
1551
Oracle
ORCL
$417B
| $3.78M | 0.01% |
93,762
-1,054,243
| -92% | -$45.7M |
|
|
SJI
1552
DELISTED
South Jersey Industries, Inc.
SJI
| $3.78M | 0.01% |
152,721
-46,587
| -23% | -$1.22M |
|
1553
First American
FAF
$7.48B
| $3.77M | 0.01% |
101,259
-467,611
| -82% | -$16.8M |
|
|
KYTH
1554
CALL
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $3.77M | 0.01% |
50,000
-40,800
| -45% | -$2.19M |
|
|
PQUE
1555
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $3.76M | 0.01% |
1,900,000
+869,090
| +84% | +$1.72M |
|
|
RAI
1556
DELISTED
Reynolds American Inc
RAI
| $3.75M | 0.01% |
100,400
-106,526
| -51% | -$3.99M |
|
|
CST
1557
DELISTED
CST Brands, Inc.
CST
| $3.74M | 0.01% |
95,705
-296,031
| -76% | -$12.3M |
|
|
ATML
1558
DELISTED
ATMEL CORP
ATML
| $3.74M | 0.01% |
379,256
-857,988
| -69% | -$7.55M |
|
1559
Huntington Ingalls Industries
HII
$11.5B
| $3.73M | 0.01% |
33,155
-6,053
| -15% | -$770K |
|
1560
Albany International
AIN
$1.65B
| $3.73M | 0.01% |
93,704
+48,237
| +106% | +$1.94M |
|
1561
Brown-Forman Class B
BF.B
$12.9B
| $3.73M | 0.01% |
116,253
+63,812
| +122% | +$1.94M |
|
1562
CALL
Agilent Technologies
A
$43.7B
| $3.72M | 0.01% |
+96,500
| New | +$4.01M |
|
1563
CALL
Opko Health
OPK
$1.11B
| $3.71M | 0.01% |
231,000
+106,000
| +85% | +$1.65M |
|
|
LGF
1564
CALL
DELISTED
Lions Gate Entertainment
LGF
| $3.71M | 0.01% |
+100,000
| New | +$3.34M |
|
|
CWEI
1565
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $3.7M | 0.01% |
+56,307
| New | +$3.19M |
|
1566
Kforce
KFRC
$1.03B
| $3.69M | 0.01% |
161,108
+72,372
| +82% | +$1.61M |
|
1567
Zurn Elkay Water Solutions
ZWS
$8.1B
| $3.69M | 0.01% |
319,926
+68,257
| +27% | +$857K |
|
1568
Rayonier Advanced Materials
RYAM
$582M
| $3.68M | 0.01% |
226,575
+84,796
| +60% | +$1.4M |
|
1569
PUT
NETSCOUT
NTCT
$2.77B
| $3.67M | 0.01% |
+100,000
| New | +$4.11M |
|
1570
Banner Corp
BANR
$2.39B
| $3.65M | 0.01% |
76,151
+31,806
| +72% | +$1.47M |
|
1571
Principal Financial Group
PFG
$23.9B
| $3.65M | 0.01% |
71,169
+42,254
| +146% | +$2.19M |
|
1572
Banco Santander
SAN
$213B
| $3.64M | 0.01% |
547,753
-4,444
| -0.8% | -$31K |
|
|
ICPT
1573
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.64M | 0.01% |
15,095
-328,677
| -96% | -$87.5M |
|
|
REGI
1574
DELISTED
Renewable Energy Group, Inc.
REGI
| $3.64M | 0.01% |
314,493
-159,379
| -34% | -$1.63M |
|
1575
Travel + Leisure Co
TNL
$4.51B
| $3.62M | 0.01% |
97,850
-160,654
| -62% | -$6.29M |
|
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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.