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 | |
|---|---|---|---|---|---|---|
|
NUVA
176
DELISTED
NuVasive, Inc.
NUVA
| $66.7M | 0.12% |
1,449,920
+1,270,606
| +709% | +$59M |
|
177
Bloomin' Brands
BLMN
$996M
| $66.3M | 0.12% |
2,727,016
-80,996
| -3% | -$2.02M |
|
178
Berkshire Hathaway Class B
BRK.B
$1.06T
| $66.3M | 0.12% |
459,284
+424,533
| +1,222% | +$62.5M |
|
|
THOR
179
DELISTED
THORATEC CORPORATION
THOR
| $64.9M | 0.12% |
1,550,089
-364,450
| -19% | -$13.9M |
|
180
Hartford Financial Services
HIG
$36.9B
| $64.8M | 0.12% |
1,549,179
-707,632
| -31% | -$29M |
|
181
Micron Technology
MU
$1.09T
| $64.7M | 0.12% |
2,386,322
+719,612
| +43% | +$21.5M |
|
182
Groupon
GRPN
$797M
| $64.7M | 0.12% |
448,655
+115,336
| +35% | +$17.7M |
|
183
Westlake Corp
WLK
$10.1B
| $64.5M | 0.12% |
897,153
+375,513
| +72% | +$24.1M |
|
184
Viatris
VTRS
$18.7B
| $64.5M | 0.12% |
1,085,982
+1,023,840
| +1,648% | +$58.4M |
|
185
Brunswick
BC
$5.24B
| $64.4M | 0.12% |
1,252,358
+901,144
| +257% | +$47.8M |
|
186
Walt Disney
DIS
$186B
| $64.3M | 0.12% |
613,459
+507,820
| +481% | +$51.2M |
|
187
Equity Lifestyle Properties
ELS
$12.7B
| $64.3M | 0.12% |
2,341,916
+1,345,932
| +135% | +$36.9M |
|
188
Netflix
NFLX
$331B
| $63.8M | 0.12% |
10,723,300
+8,912,260
| +492% | +$54.1M |
|
189
CBRE Group
CBRE
$44B
| $63.7M | 0.12% |
1,645,843
+660,668
| +67% | +$22.8M |
|
|
JWN
190
DELISTED
Nordstrom
JWN
| $63.5M | 0.12% |
790,853
+604,085
| +323% | +$47.8M |
|
191
Qualcomm
QCOM
$169B
| $63.2M | 0.12% |
911,178
+886,305
| +3,563% | +$62.5M |
|
192
Stanley Black & Decker
SWK
$15.1B
| $63.1M | 0.12% |
661,362
+417,865
| +172% | +$40M |
|
193
eBay
EBAY
$46.3B
| $62.7M | 0.12% |
2,581,572
+1,688,819
| +189% | +$40.3M |
|
|
HNT
194
DELISTED
HEALTH NET INC
HNT
| $62.4M | 0.12% |
1,031,055
+333,819
| +48% | +$18.8M |
|
|
WR
195
DELISTED
Westar Energy Inc
WR
| $62M | 0.12% |
1,600,795
+980,468
| +158% | +$39.4M |
|
196
TripAdvisor
TRIP
$1.17B
| $61.9M | 0.12% |
743,839
+698,367
| +1,536% | +$54.9M |
|
197
Marvell Technology
MRVL
$213B
| $61.7M | 0.11% |
4,194,676
+3,934,869
| +1,515% | +$62.2M |
|
|
MIC
198
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $61.7M | 0.11% |
749,207
+5,398
| +0.7% | +$411K |
|
|
PRE
199
DELISTED
PARTNERRE LTD
PRE
| $61.6M | 0.11% |
538,392
+514,449
| +2,149% | +$59M |
|
200
Ultragenyx Pharmaceutical
RARE
$2.55B
| $61M | 0.11% |
981,846
+674,563
| +220% | +$37.5M |
|
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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.