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 | |
|---|---|---|---|---|---|---|
151
Allstate
ALL
$64.2B
| $70.3M | 0.13% |
988,289
-37,573
| -4% | -$2.65M |
|
152
Molina Healthcare
MOH
$10.5B
| $70.3M | 0.13% |
1,045,234
-40,919
| -4% | -$2.36M |
|
|
SRC
153
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $70.1M | 0.13% |
1,293,376
-536,253
| -29% | -$29.7M |
|
154
Liberty Global Class A
LBTYA
$3.63B
| $69.8M | 0.13% |
1,643,907
+527,766
| +47% | +$22M |
|
|
RAD
155
DELISTED
Rite Aid Corporation
RAD
| $69.3M | 0.13% |
398,459
-300,520
| -43% | -$46.8M |
|
156
Boston Scientific
BSX
$73B
| $69.2M | 0.13% |
3,899,696
-222,783
| -5% | -$3.52M |
|
|
RCPT
157
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $69.2M | 0.13% |
419,719
-172,036
| -29% | -$21.8M |
|
|
SLXP
158
CALL
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $69.1M | 0.13% |
+400,000
| New | +$58.7M |
|
159
Helix Energy Solutions
HLX
$1.53B
| $69M | 0.13% |
4,611,546
+2,013,346
| +77% | +$34M |
|
160
SBA Communications
SBAC
$19.4B
| $68.8M | 0.13% |
587,277
+257,972
| +78% | +$30.5M |
|
|
PXD
161
DELISTED
Pioneer Natural Resource Co.
PXD
| $68.7M | 0.13% |
420,351
-1,504,390
| -78% | -$231M |
|
162
Ovintiv
OVV
$18.5B
| $68.7M | 0.13% |
1,232,377
-624,923
| -34% | -$39.3M |
|
163
Humana
HUM
$45.5B
| $68.6M | 0.13% |
385,486
+295,038
| +326% | +$46.7M |
|
164
Wynn Resorts
WYNN
$10.3B
| $68.6M | 0.13% |
544,893
+261,216
| +92% | +$37.3M |
|
|
INFA
165
DELISTED
INFORMATICA CORP
INFA
| $68.4M | 0.13% |
1,559,792
+1,303,392
| +508% | +$54.2M |
|
166
Textron
TXT
$14.3B
| $68.3M | 0.13% |
1,540,851
+292,036
| +23% | +$12.7M |
|
167
Mattel
MAT
$4.15B
| $68M | 0.13% |
2,974,073
+2,963,673
| +28,497% | +$78.6M |
|
168
Procter & Gamble
PG
$336B
| $68M | 0.13% |
829,271
+659,871
| +390% | +$56.7M |
|
|
SWFT
169
DELISTED
Swift Transportation Company
SWFT
| $67.9M | 0.13% |
2,609,987
-299,146
| -10% | -$8.22M |
|
170
Halozyme
HALO
$12.3B
| $67.8M | 0.13% |
4,750,128
+4,032,870
| +562% | +$58.2M |
|
|
BERY
171
DELISTED
Berry Global Group, Inc.
BERY
| $67.3M | 0.13% |
2,026,245
+792,394
| +64% | +$24.9M |
|
172
Graphic Packaging
GPK
$3.54B
| $67.3M | 0.13% |
4,628,307
+1,927,466
| +71% | +$28.2M |
|
173
Patterson-UTI
PTEN
$4.71B
| $67.2M | 0.13% |
3,581,674
+2,750,780
| +331% | +$47.2M |
|
174
Philip Morris
PM
$293B
| $66.9M | 0.12% |
887,662
-224,047
| -20% | -$18.2M |
|
175
Pinnacle West Capital
PNW
$11.8B
| $66.8M | 0.12% |
+1,048,632
| New | +$70M |
|
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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.