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 | |
|---|---|---|---|---|---|---|
1951
Grupo Aeroportuario del Sureste
ASR
$7.88B
| $1.87M | ﹤0.01% |
12,268
-2,432
| -17% | -$363K |
|
|
XNPT
1952
DELISTED
XENOPORT, INC.
XNPT
| $1.86M | ﹤0.01% |
537,370
+189,523
| +54% | +$1.2M |
|
|
BSFT
1953
DELISTED
BroadSoft, Inc.
BSFT
| $1.86M | ﹤0.01% |
62,209
+44,905
| +260% | +$1.46M |
|
|
SFUN
1954
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $1.86M | ﹤0.01% |
5,634
-13,228
| -70% | -$4.31M |
|
|
TBI
1955
Trueblue
TBI
$318M
| $1.86M | ﹤0.01% |
+82,670
| New | +$2.12M |
|
|
SN
1956
DELISTED
Sanchez Energy Corporation
SN
| $1.86M | ﹤0.01% |
302,023
-204,015
| -40% | -$1.37M |
|
1957
Stratasys
SSYS
$694M
| $1.85M | ﹤0.01% |
+70,000
| New | +$2.16M |
|
1958
WPP
WPP
$5.58B
| $1.85M | ﹤0.01% |
+17,808
| New | +$1.95M |
|
1959
Texas Instruments
TXN
$239B
| $1.85M | ﹤0.01% |
+37,400
| New | +$1.83M |
|
|
WCN
1960
Waste Connections
WCN
$42B
| $1.85M | ﹤0.01% |
+57,173
| New | +$1.85M |
|
|
SHLD
1961
DELISTED
Sears Holding Corporation
SHLD
| $1.85M | ﹤0.01% |
81,959
+62,129
| +313% | +$1.5M |
|
|
FFWM
1962
DELISTED
First Foundation Inc
FFWM
| $1.85M | ﹤0.01% |
+162,234
| New | +$1.74M |
|
|
DISCK
1963
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $1.85M | ﹤0.01% |
76,037
+10,871
| +17% | +$302K |
|
1964
Barclays
BCS
$91.1B
| $1.84M | ﹤0.01% |
+133,701
| New | +$2.06M |
|
1965
IDT Corp
IDT
$1.72B
| $1.84M | ﹤0.01% |
182,150
+118,207
| +185% | +$1.36M |
|
1966
Vanguard Morningstar Growth ETF
VUG
$225B
| $1.84M | ﹤0.01% |
109,872
-4,980
| -4% | -$88.3K |
|
|
TTPH
1967
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $1.84M | ﹤0.01% |
12,314
-2,545
| -17% | -$1.87M |
|
1968
Hilltop Holdings
HTH
$2.21B
| $1.83M | ﹤0.01% |
+92,528
| New | +$1.98M |
|
|
QVCGA
1969
DELISTED
QVC Group Inc Series A
QVCGA
| $1.83M | ﹤0.01% |
1,437
+903
| +169% | +$1.24M |
|
|
SINA
1970
DELISTED
Sina Corp
SINA
| $1.82M | ﹤0.01% |
45,431
-207,904
| -82% | -$8.38M |
|
|
NSA
1971
DELISTED
National Storage Affiliates Trust
NSA
| $1.82M | ﹤0.01% |
134,225
-33,388
| -20% | -$428K |
|
|
GST
1972
DELISTED
Gastar Exploration Inc.
GST
| $1.82M | ﹤0.01% |
1,582,061
-394,201
| -20% | -$653K |
|
1973
Phibro Animal Health
PAHC
$1.46B
| $1.82M | ﹤0.01% |
57,466
-77,011
| -57% | -$2.81M |
|
|
GHL
1974
DELISTED
Greenhill & Co., Inc.
GHL
| $1.82M | ﹤0.01% |
63,847
-299,832
| -82% | -$11M |
|
|
ZAGG
1975
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $1.81M | ﹤0.01% |
266,832
+90,666
| +51% | +$681K |
|
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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.