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 | |
|---|---|---|---|---|---|---|
1726
PUT
Chubb
CB
$132B
| $2.91M | 0.01% |
+26,100
| New | +$2.93M |
|
1727
iShares Core US Aggregate Bond ETF
AGG
$139B
| $2.91M | 0.01% |
+26,089
| New | +$2.9M |
|
1728
Entergy
ETR
$49.6B
| $2.9M | 0.01% |
+74,932
| New | +$3.07M |
|
1729
Build-A-Bear
BBW
$494M
| $2.9M | 0.01% |
147,504
+109,249
| +286% | +$2.24M |
|
1730
DXP Enterprises
DXPE
$2.92B
| $2.9M | 0.01% |
65,688
-33,482
| -34% | -$1.49M |
|
1731
Cal-Maine
CALM
$3.93B
| $2.88M | 0.01% |
73,716
-25,110
| -25% | -$928K |
|
1732
Korn Ferry
KFY
$4.33B
| $2.87M | 0.01% |
87,293
-287,922
| -77% | -$8.72M |
|
1733
Innospec
IOSP
$2.32B
| $2.86M | 0.01% |
61,681
+29,259
| +90% | +$1.26M |
|
1734
AMERISAFE
AMSF
$485M
| $2.86M | 0.01% |
61,811
-16,165
| -21% | -$684K |
|
|
EGOV
1735
DELISTED
NIC Inc
EGOV
| $2.85M | 0.01% |
161,123
-185,035
| -53% | -$3.15M |
|
|
RBS.PRP
1736
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
| $2.84M | 0.01% |
115,508
+55,631
| +93% | +$1.37M |
|
1737
Tesla
TSLA
$1.38T
| $2.83M | 0.01% |
+225,000
| New | +$3.04M |
|
1738
Celestica
CLS
$38.7B
| $2.82M | 0.01% |
254,206
+131,626
| +107% | +$1.52M |
|
1739
Travelers Companies
TRV
$77.1B
| $2.82M | 0.01% |
26,100
+16,200
| +164% | +$1.73M |
|
|
SSE
1740
DELISTED
SEVENTY SEVEN ENERGY INC COM
SSE
| $2.82M | 0.01% |
679,998
+403,459
| +146% | +$1.79M |
|
1741
Orion
OEC
$337M
| $2.82M | 0.01% |
156,646
+134,186
| +597% | +$2.28M |
|
|
CEMP
1742
DELISTED
Cempra, Inc.
CEMP
| $2.81M | 0.01% |
82,000
-106,542
| -57% | -$3.2M |
|
1743
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$294M
| $2.81M | 0.01% |
+67,110
| New | +$2.86M |
|
1744
Exelixis
EXEL
$14.1B
| $2.8M | 0.01% |
1,089,392
-311,856
| -22% | -$724K |
|
1745
EXL Service
EXLS
$5.68B
| $2.8M | 0.01% |
376,085
+135,970
| +57% | +$890K |
|
1746
iShares MSCI Hong Kong ETF
EWH
$1.27B
| $2.79M | 0.01% |
127,465
-872,535
| -87% | -$18.7M |
|
1747
LPL Financial
LPLA
$28.5B
| $2.79M | 0.01% |
+63,705
| New | +$2.82M |
|
1748
Old Dominion Freight Line
ODFL
$41.1B
| $2.79M | 0.01% |
108,417
-239,178
| -69% | -$6.05M |
|
|
MAGN
1749
Magnera Corp
MAGN
$454M
| $2.79M | 0.01% |
7,802
+2,124
| +37% | +$683K |
|
|
RUTH
1750
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.78M | 0.01% |
175,131
+105,617
| +152% | +$1.6M |
|
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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.