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 | |
|---|---|---|---|---|---|---|
|
JIVE
1576
DELISTED
Jive Software, Inc.
JIVE
| $3.61M | 0.01% |
687,988
+665,819
| +3,003% | +$3.7M |
|
1577
PUT
PTC Therapeutics
PTCT
$6.13B
| $3.61M | 0.01% |
+75,000
| New | +$4.38M |
|
|
BNFT
1578
DELISTED
Benefitfocus, Inc.
BNFT
| $3.6M | 0.01% |
82,206
+2,480
| +3% | +$93.5K |
|
|
XOMA
1579
DELISTED
Xoma
XOMA
| $3.6M | 0.01% |
46,444
-4,142
| -8% | -$298K |
|
|
ETFC
1580
CALL
DELISTED
E*Trade Financial Corporation
ETFC
| $3.6M | 0.01% |
120,200
+14,600
| +14% | +$429K |
|
|
AMWD
1581
DELISTED
American Woodmark
AMWD
| $3.6M | 0.01% |
65,558
+1,954
| +3% | +$104K |
|
|
ESND
1582
DELISTED
Essendant Inc.
ESND
| $3.59M | 0.01% |
91,455
+80,022
| +700% | +$3.23M |
|
|
NSM
1583
DELISTED
Nationstar Mortgage Holdings
NSM
| $3.59M | 0.01% |
213,689
+27,098
| +15% | +$587K |
|
|
POM
1584
DELISTED
PEPCO HOLDINGS, INC.
POM
| $3.59M | 0.01% |
133,246
+74,166
| +126% | +$1.97M |
|
1585
AMC Entertainment Holdings
AMC
$2.37B
| $3.59M | 0.01% |
11,687
+6,736
| +136% | +$2.07M |
|
|
HSNI
1586
DELISTED
HSN, Inc.
HSNI
| $3.58M | 0.01% |
50,933
-33,473
| -40% | -$2.25M |
|
1587
SLR Investment Corp
SLRC
$687M
| $3.57M | 0.01% |
198,256
+14,731
| +8% | +$285K |
|
1588
REX American Resources
REX
$1.37B
| $3.56M | 0.01% |
336,024
-448,770
| -57% | -$4.73M |
|
|
BFX
1589
DELISTED
BowFlex Inc.
BFX
| $3.56M | 0.01% |
165,535
+58,577
| +55% | +$1.16M |
|
|
ANAT
1590
DELISTED
American National Group, Inc. Common Stock
ANAT
| $3.56M | 0.01% |
34,762
-23,291
| -40% | -$2.35M |
|
|
PDS
1591
Precision Drilling
PDS
$1.12B
| $3.55M | 0.01% |
+26,443
| New | +$3.67M |
|
|
MWW
1592
DELISTED
Monster Worldwide Inc
MWW
| $3.51M | 0.01% |
537,148
-438,995
| -45% | -$2.73M |
|
1593
Assurant
AIZ
$14.1B
| $3.5M | 0.01% |
52,225
-217,121
| -81% | -$14M |
|
1594
InterContinental Hotels
IHG
$24.2B
| $3.49M | 0.01% |
65,390
-78,594
| -55% | -$4.36M |
|
|
DFT
1595
DELISTED
DuPont Fabros Technology Inc.
DFT
| $3.47M | 0.01% |
+117,948
| New | +$3.75M |
|
1596
Titan International
TWI
$464M
| $3.47M | 0.01% |
323,374
+229,191
| +243% | +$2.42M |
|
1597
MillerKnoll
MLKN
$1.58B
| $3.47M | 0.01% |
119,946
-54,290
| -31% | -$1.55M |
|
1598
Sun Life Financial
SLF
$44.5B
| $3.47M | 0.01% |
103,759
-274,704
| -73% | -$9.06M |
|
1599
Comfort Systems
FIX
$55B
| $3.46M | 0.01% |
150,943
-27,133
| -15% | -$596K |
|
|
WPX
1600
DELISTED
WPX Energy, Inc.
WPX
| $3.45M | 0.01% |
281,031
-1,802,725
| -87% | -$23.8M |
|
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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.