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 |
DuPont de Nemours
DD
|
+$1.55B |
| 2 |
Comcast
CMCSA
|
+$449M |
| 3 |
SLB Ltd
SLB
|
+$298M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$281M |
| 5 |
Qualcomm
QCOM
|
+$228M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$229M |
| 2 |
Sempra
SRE
|
+$192M |
| 3 |
Bausch Health
BHC
|
+$183M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$175M |
| 5 |
PepsiCo
PEP
|
+$173M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.58% |
| 2 | Energy | 11.62% |
| 3 | Consumer Discretionary | 8.89% |
| 4 | Financials | 8.63% |
| 5 | Technology | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
Invesco
IVZ
$14.4B
| $2.63M | 0.01% |
84,373
-2,020,965
| -96% | -$71.9M |
|
1727
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $2.63M | 0.01% |
+31,600
| New | +$2.74M |
|
1728
McCormick & Company Non-Voting
MKC
$14.6B
| $2.63M | 0.01% |
64,000
+45,826
| +252% | +$1.86M |
|
|
PQUE
1729
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $2.63M | 0.01% |
2,248,155
+348,155
| +18% | +$407K |
|
|
BWP
1730
DELISTED
Boardwalk Pipeline Partners
BWP
| $2.61M | 0.01% |
222,083
-311,179
| -58% | -$4.24M |
|
|
WPP
1731
DELISTED
WAUSAU PAPER CORP.
WPP
| $2.61M | 0.01% |
+408,315
| New | +$3.31M |
|
1732
TJX Companies
TJX
$154B
| $2.6M | 0.01% |
72,684
-965,542
| -93% | -$33.9M |
|
|
EPE
1733
DELISTED
EP Energy Corporation
EPE
| $2.59M | 0.01% |
503,731
+115,550
| +30% | +$873K |
|
1734
PUT
Williams Companies
WMB
$86.9B
| $2.58M | 0.01% |
+70,000
| New | +$3.49M |
|
|
ULTI
1735
DELISTED
Ultimate Software Group Inc
ULTI
| $2.58M | 0.01% |
14,415
-743
| -5% | -$133K |
|
1736
Ecolab
ECL
$81.2B
| $2.58M | 0.01% |
+23,475
| New | +$2.63M |
|
|
PSXP
1737
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $2.58M | 0.01% |
52,279
+37,036
| +243% | +$2.15M |
|
1738
State Street SPDR S&P Metals & Mining ETF
XME
$4.83B
| $2.57M | 0.01% |
153,955
+118,333
| +332% | +$2.36M |
|
|
AMTG
1739
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
| $2.57M | 0.01% |
202,998
+59,811
| +42% | +$849K |
|
1740
EXL Service
EXLS
$5.68B
| $2.57M | 0.01% |
347,615
+239,710
| +222% | +$1.78M |
|
1741
CALL
Amazon
AMZN
$2.82T
| $2.56M | 0.01% |
100,000
-100,000
| -50% | -$2.53M |
|
1742
PUT
Graphic Packaging
GPK
$3.38B
| $2.56M | 0.01% |
+200,000
| New | +$2.85M |
|
1743
Columbus McKinnon
CMCO
$513M
| $2.54M | ﹤0.01% |
+139,607
| New | +$2.92M |
|
|
EGL
1744
DELISTED
Engility Holdings, Inc.
EGL
| $2.53M | ﹤0.01% |
98,235
-54,774
| -36% | -$1.42M |
|
1745
Movado Group
MOV
$777M
| $2.53M | ﹤0.01% |
+97,876
| New | +$2.54M |
|
1746
Autohome
ATHM
$2.5B
| $2.53M | ﹤0.01% |
77,681
-46,781
| -38% | -$1.67M |
|
1747
Ryanair
RYAAY
$29.7B
| $2.52M | ﹤0.01% |
+78,441
| New | +$2.43M |
|
|
NSM
1748
DELISTED
Nationstar Mortgage Holdings
NSM
| $2.51M | ﹤0.01% |
181,169
-32,520
| -15% | -$546K |
|
1749
CALL
Golar LNG
GLNG
$5.31B
| $2.51M | ﹤0.01% |
90,000
-30,000
| -25% | -$1.16M |
|
1750
ICF International
ICFI
$1.58B
| $2.51M | ﹤0.01% |
82,501
+50,728
| +160% | +$1.74M |
|
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Israel Englander's Q3 2015 Portfolio in Review
As of Q3 2015, Israel Englander held 4,098 positions worth $51.6B, down 2.3% from $52.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Israel Englander deployed $5.12B of net new capital in Q3 2015, opening 839 new positions and adding to 1,320 existing holdings. Its largest new stake was BP: 4,551,492 shares worth $117M.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 15% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Alexion Pharmaceuticals, an estimated $229M trimmed.
- Israel Englander's largest Q3 2015 buy was BP: 4,551,492 shares worth $117M.
- Israel Englander added most to DuPont de Nemours in Q3 2015, an estimated $1.55B increase.
- Israel Englander's biggest Q3 2015 reduction was Alexion Pharmaceuticals, cutting an estimated $229M.
- Israel Englander fully exited PepsiCo in Q3 2015, selling an estimated $173M.
- Israel Englander's ten largest holdings make up 14% of its $51.6B portfolio in Q3 2015.
- Israel Englander opened 839 new positions and closed 681 in Q3 2015.
- Israel Englander's portfolio value fell 2.3% quarter-over-quarter to $51.6B.
Based on Millennium Management's 13F filing for Q3 2015, filed 16 Nov 2015.