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 | |
|---|---|---|---|---|---|---|
|
PARA
176
DELISTED
Paramount Global Class B
PARA
| $64.2M | 0.12% |
1,609,672
-723,165
| -31% | -$35.1M |
|
|
CIE
177
DELISTED
Cobalt International Energy, Inc
CIE
| $64.2M | 0.12% |
604,258
-62,100
| -9% | -$7.56M |
|
178
Keurig Dr Pepper
KDP
$43.6B
| $64M | 0.12% |
809,726
+272,514
| +51% | +$21.4M |
|
|
GAS
179
DELISTED
AGL Resources Inc
GAS
| $64M | 0.12% |
1,047,751
+522,193
| +99% | +$27.9M |
|
|
RDUS
180
DELISTED
Radius Health, Inc.
RDUS
| $63.8M | 0.12% |
920,863
+574,823
| +166% | +$39.9M |
|
|
IPG
181
DELISTED
Interpublic Group of Companies
IPG
| $63.1M | 0.12% |
3,299,342
+946,475
| +40% | +$18.9M |
|
182
SM Energy
SM
$8.85B
| $62.7M | 0.12% |
1,956,621
+1,890,493
| +2,859% | +$68.6M |
|
183
Aramark
ARMK
$15.8B
| $62.3M | 0.12% |
2,909,273
-417,072
| -13% | -$9.53M |
|
184
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $62.3M | 0.12% |
732,486
+294,967
| +67% | +$25M |
|
|
CMA
185
DELISTED
Comerica
CMA
| $61.9M | 0.12% |
+1,505,291
| New | +$68.5M |
|
186
Palo Alto Networks
PANW
$292B
| $60.8M | 0.12% |
2,121,558
+1,435,794
| +209% | +$42.4M |
|
|
ETP
187
DELISTED
Energy Transfer Partners L.p.
ETP
| $60.7M | 0.12% |
1,477,072
+205,860
| +16% | +$9.98M |
|
188
Mid-America Apartment Communities
MAA
$15.2B
| $60.6M | 0.12% |
740,044
+543,593
| +277% | +$42.9M |
|
189
Western Alliance Bancorporation
WAL
$8.69B
| $60.2M | 0.12% |
1,958,748
+162,520
| +9% | +$5.26M |
|
190
Bio-Rad Laboratories Class A
BIO
$10.2B
| $60M | 0.12% |
446,662
+180,541
| +68% | +$26M |
|
191
Sally Beauty Holdings
SBH
$1.55B
| $60M | 0.12% |
2,525,797
+210,744
| +9% | +$5.83M |
|
192
Yum! Brands
YUM
$41.8B
| $60M | 0.12% |
1,043,104
+784,167
| +303% | +$47.5M |
|
193
Nokia
NOK
$57B
| $59.5M | 0.12% |
+8,775,121
| New | +$57.7M |
|
194
Hilton Worldwide
HLT
$73.5B
| $58.8M | 0.11% |
854,917
-601,328
| -41% | -$46.5M |
|
195
Oceaneering
OII
$5.28B
| $58.7M | 0.11% |
1,493,327
+887,232
| +146% | +$36.8M |
|
196
CSX Corp
CSX
$95.6B
| $58.6M | 0.11% |
6,534,120
+610,299
| +10% | +$5.99M |
|
197
DaVita
DVA
$11.1B
| $58M | 0.11% |
802,315
-432,220
| -35% | -$33.5M |
|
|
ATHN
198
DELISTED
Athenahealth, Inc.
ATHN
| $58M | 0.11% |
435,123
+83,885
| +24% | +$10.9M |
|
|
LSI
199
DELISTED
Life Storage, Inc.
LSI
| $57.7M | 0.11% |
917,886
+783,334
| +582% | +$48.4M |
|
|
DO
200
DELISTED
Diamond Offshore Drilling
DO
| $57.6M | 0.11% |
+3,330,663
| New | +$74.3M |
|
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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.