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 | |
|---|---|---|---|---|---|---|
1951
Melco Resorts & Entertainment
MLCO
$2.06B
| $1.9M | ﹤0.01% |
96,658
-7,942
| -8% | -$163K |
|
|
LBRDA
1952
DELISTED
Liberty Broadband Class A
LBRDA
| $1.89M | ﹤0.01% |
37,111
+9,340
| +34% | +$497K |
|
1953
Willis Towers Watson
WTW
$31.9B
| $1.89M | ﹤0.01% |
+15,199
| New | +$1.94M |
|
1954
CALL
Micron Technology
MU
$1.06T
| $1.88M | ﹤0.01% |
100,000
-900
| -0.9% | -$24K |
|
|
OCLR
1955
DELISTED
Oclaro Inc.
OCLR
| $1.88M | ﹤0.01% |
+831,885
| New | +$1.85M |
|
1956
Lloyds Banking Group
LYG
$87.5B
| $1.88M | ﹤0.01% |
345,800
+38,999
| +13% | +$203K |
|
1957
FirstCash
FCFS
$9.53B
| $1.88M | ﹤0.01% |
41,182
+32,576
| +379% | +$1.55M |
|
|
ORIT
1958
DELISTED
Oritani Financial Corp. New
ORIT
| $1.88M | ﹤0.01% |
116,806
-191,124
| -62% | -$2.89M |
|
|
AEGN
1959
DELISTED
Aegion Corp
AEGN
| $1.87M | ﹤0.01% |
98,853
-135,992
| -58% | -$2.5M |
|
1960
CF Industries
CF
$19B
| $1.87M | ﹤0.01% |
29,095
-191,525
| -87% | -$11.7M |
|
|
MB
1961
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $1.86M | ﹤0.01% |
+134,586
| New | +$1.82M |
|
|
ERN
1962
DELISTED
Erin Energy Corp
ERN
| $1.85M | ﹤0.01% |
+474,508
| New | +$2.64M |
|
|
KBAL
1963
DELISTED
Kimball International
KBAL
| $1.85M | ﹤0.01% |
152,393
+66,774
| +78% | +$770K |
|
|
SEP
1964
CALL
DELISTED
Spectra Engy Parters Lp
SEP
| $1.85M | ﹤0.01% |
40,200
-16,600
| -29% | -$853K |
|
1965
iShares MSCI Hong Kong ETF
EWH
$1.26B
| $1.85M | ﹤0.01% |
82,015
-45,450
| -36% | -$1.07M |
|
1966
ePlus
PLUS
$2.25B
| $1.84M | ﹤0.01% |
96,280
+80,216
| +499% | +$1.67M |
|
|
CVRS
1967
DELISTED
CORINDUS VASCULAR ROBOTICS, INC
CVRS
| $1.84M | ﹤0.01% |
+525,533
| New | +$2.24M |
|
1968
Sasol
SSL
$7.28B
| $1.84M | ﹤0.01% |
49,685
-204,680
| -80% | -$7.55M |
|
|
CJES
1969
DELISTED
C&J ENERGY SVCS LTD
CJES
| $1.84M | ﹤0.01% |
139,365
+84,905
| +156% | +$1.26M |
|
|
TDAY
1970
USA Today Co
TDAY
$940M
| $1.83M | ﹤0.01% |
102,089
-120,987
| -54% | -$2.58M |
|
|
ORBK
1971
DELISTED
Orbotech Ltd
ORBK
| $1.83M | ﹤0.01% |
87,954
+70,109
| +393% | +$1.35M |
|
1972
Culp Inc
CULP
$43.6M
| $1.83M | ﹤0.01% |
58,970
+45,970
| +354% | +$1.26M |
|
|
LXFT
1973
DELISTED
Luxoft Holding, Inc.
LXFT
| $1.82M | ﹤0.01% |
32,196
-48,240
| -60% | -$2.61M |
|
1974
iShares MSCI Mexico ETF
EWW
$1.8B
| $1.81M | ﹤0.01% |
31,785
-506
| -2% | -$29.9K |
|
|
PRMW
1975
DELISTED
Primo Water Corporation
PRMW
| $1.81M | ﹤0.01% |
185,595
+54,304
| +41% | +$519K |
|
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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.