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 | |
|---|---|---|---|---|---|---|
|
TEN
1976
Tsakos Energy Navigation Ltd
TEN
$1.21B
| $1.9M | ﹤0.01% |
46,561
+37,591
| +419% | +$1.4M |
|
1977
OFG Bancorp
OFG
$2.21B
| $1.9M | ﹤0.01% |
116,293
+84,945
| +271% | +$1.42M |
|
1978
Aaon
AAON
$6.58B
| $1.9M | ﹤0.01% |
115,853
+64,032
| +124% | +$967K |
|
1979
Noodles & Co
NDLS
$86.7M
| $1.89M | ﹤0.01% |
+13,554
| New | +$2.44M |
|
1980
CALL
iShares MSCI Brazil ETF
EWZ
$8.19B
| $1.88M | ﹤0.01% |
+60,000
| New | +$2.04M |
|
|
TSS
1981
DELISTED
Total System Services, Inc.
TSS
| $1.88M | ﹤0.01% |
+49,255
| New | +$1.8M |
|
1982
iShares MSCI Mexico ETF
EWW
$1.8B
| $1.87M | ﹤0.01% |
+32,291
| New | +$1.88M |
|
|
HTLF
1983
DELISTED
Heartland Financial USA, Inc.
HTLF
| $1.86M | ﹤0.01% |
+56,988
| New | +$1.69M |
|
|
RBY
1984
DELISTED
RUBICON MENERALS CORP (F)
RBY
| $1.86M | ﹤0.01% |
1,957,059
+250,700
| +15% | +$271K |
|
1985
CALL
Keysight
KEYS
$54.8B
| $1.86M | ﹤0.01% |
+50,000
| New | +$1.8M |
|
1986
eHealth
EHTH
$38.1M
| $1.85M | ﹤0.01% |
197,618
+161,082
| +441% | +$1.92M |
|
1987
Herbalife
HLF
$1.3B
| $1.85M | ﹤0.01% |
86,700
-480,920
| -85% | -$8.21M |
|
|
EBSB
1988
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.85M | ﹤0.01% |
140,656
-57,735
| -29% | -$703K |
|
|
CALY
1989
Callaway Golf Company
CALY
$2.81B
| $1.85M | ﹤0.01% |
193,711
-85,781
| -31% | -$729K |
|
|
FNBC
1990
DELISTED
First NBC Bank Holding Company
FNBC
| $1.85M | ﹤0.01% |
55,962
+20,099
| +56% | +$661K |
|
1991
FreightCar America
RAIL
$238M
| $1.83M | ﹤0.01% |
58,230
+42,346
| +267% | +$1.18M |
|
|
X
1992
PUT
DELISTED
US Steel
X
| $1.83M | ﹤0.01% |
+75,000
| New | +$1.78M |
|
1993
CALL
Conagra Brands
CAG
$7.77B
| $1.83M | ﹤0.01% |
+64,250
| New | +$1.77M |
|
|
NVCN
1994
DELISTED
Neovasc Inc.
NVCN
| $1.83M | ﹤0.01% |
+8
| New | +$1.75M |
|
|
AFAM
1995
DELISTED
Almost Family Inc
AFAM
| $1.82M | ﹤0.01% |
40,759
+23,359
| +134% | +$782K |
|
1996
CorVel
CRVL
$3.55B
| $1.81M | ﹤0.01% |
157,884
+12,411
| +9% | +$145K |
|
|
TCP
1997
CALL
DELISTED
TC Pipelines LP
TCP
| $1.81M | ﹤0.01% |
27,800
+15,300
| +122% | +$1M |
|
|
EVRI
1998
DELISTED
Everi Holdings
EVRI
| $1.81M | ﹤0.01% |
237,243
-172,246
| -42% | -$1.23M |
|
1999
Albany International
AIN
$1.67B
| $1.81M | ﹤0.01% |
45,467
+6,052
| +15% | +$226K |
|
|
OME
2000
DELISTED
Omega Protein
OME
| $1.81M | ﹤0.01% |
131,899
+59,581
| +82% | +$687K |
|
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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.