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 | |
|---|---|---|---|---|---|---|
1826
JPMorgan Chase
JPM
$943B
| $2.42M | ﹤0.01% |
40,000
+31,400
| +365% | +$1.86M |
|
|
SFR
1827
DELISTED
Starwood Waypoint Homes
SFR
| $2.42M | ﹤0.01% |
93,450
-1,127,523
| -92% | -$28.5M |
|
|
CXP
1828
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $2.41M | ﹤0.01% |
89,324
-456,180
| -84% | -$11.7M |
|
1829
WSFS Financial
WSFS
$4B
| $2.41M | ﹤0.01% |
95,643
-9,675
| -9% | -$247K |
|
1830
CALL
Cheniere Energy
CQP
$32.7B
| $2.4M | ﹤0.01% |
80,200
+34,100
| +74% | +$1.05M |
|
1831
Genpact
G
$6.17B
| $2.4M | ﹤0.01% |
103,251
-133,177
| -56% | -$2.87M |
|
1832
Ambev
ABEV
$45.3B
| $2.4M | ﹤0.01% |
416,486
+365,870
| +723% | +$2.27M |
|
|
OWW
1833
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $2.4M | ﹤0.01% |
205,500
-888,416
| -81% | -$9.39M |
|
|
MN
1834
DELISTED
MANNING & NAPIER, INC.
MN
| $2.39M | ﹤0.01% |
183,834
+23,337
| +15% | +$282K |
|
|
ABCO
1835
DELISTED
Advisory Board Co
ABCO
| $2.39M | ﹤0.01% |
44,897
+5,105
| +13% | +$260K |
|
|
PDCO
1836
DELISTED
Patterson Companies, Inc.
PDCO
| $2.39M | ﹤0.01% |
48,999
+39,769
| +431% | +$1.98M |
|
1837
3D Systems Corp
DDD
$535M
| $2.39M | ﹤0.01% |
87,003
+72,803
| +513% | +$2.14M |
|
|
RATE
1838
DELISTED
Bankrate Inc
RATE
| $2.38M | ﹤0.01% |
+210,186
| New | +$2.61M |
|
|
ECHO
1839
DELISTED
Echo Global Logistics, Inc.
ECHO
| $2.38M | ﹤0.01% |
+87,290
| New | +$2.38M |
|
|
VXZ
1840
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| $2.38M | ﹤0.01% |
+47,332
| New | +$2.47M |
|
|
EIGR
1841
CALL
DELISTED
Eiger BioPharmaceuticals, Inc.
EIGR
| $2.38M | ﹤0.01% |
+279
| New | +$2.44M |
|
|
GWPH
1842
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $2.37M | ﹤0.01% |
26,020
+16,020
| +160% | +$1.3M |
|
|
BMS
1843
CALL
DELISTED
Bemis
BMS
| $2.37M | ﹤0.01% |
+51,200
| New | +$2.38M |
|
|
PQUE
1844
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $2.37M | ﹤0.01% |
1,030,910
-1,813,661
| -64% | -$4.17M |
|
1845
FormFactor
FORM
$8.51B
| $2.36M | ﹤0.01% |
266,492
-33,018
| -11% | -$287K |
|
1846
New York Times
NYT
$11.2B
| $2.36M | ﹤0.01% |
171,685
+155,185
| +941% | +$2.08M |
|
|
PFPT
1847
DELISTED
Proofpoint, Inc.
PFPT
| $2.36M | ﹤0.01% |
39,814
-103,893
| -72% | -$5.59M |
|
|
IPCC
1848
DELISTED
Infinity Property & Casualty C
IPCC
| $2.36M | ﹤0.01% |
28,719
-50,007
| -64% | -$3.82M |
|
1849
WisdomTree Japan Hedged Equity Fund
DXJ
$7.29B
| $2.35M | ﹤0.01% |
42,630
+38,130
| +847% | +$1.99M |
|
|
GNCA
1850
DELISTED
Genocea Biosciences, Inc.
GNCA
| $2.35M | ﹤0.01% |
+24,762
| New | +$1.75M |
|
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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.