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 | |
|---|---|---|---|---|---|---|
1976
Jefferies Financial Group
JEF
$12.2B
| $1.81M | ﹤0.01% |
83,314
-33,921
| -29% | -$725K |
|
|
FCRD
1977
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.81M | ﹤0.01% |
156,542
+29,200
| +23% | +$357K |
|
|
OMG
1978
DELISTED
OM GROUP INC.
OMG
| $1.8M | ﹤0.01% |
53,698
-231,672
| -81% | -$7.2M |
|
|
MYCC
1979
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $1.8M | ﹤0.01% |
75,483
-327,288
| -81% | -$7.23M |
|
|
MTOR
1980
DELISTED
MERITOR, Inc.
MTOR
| $1.8M | ﹤0.01% |
137,339
+66,110
| +93% | +$887K |
|
|
KG
1981
Kestrel Group
KG
$58.3M
| $1.8M | ﹤0.01% |
5,707
-13,764
| -71% | -$4.02M |
|
1982
Encore Capital Group
ECPG
$2.12B
| $1.8M | ﹤0.01% |
+42,027
| New | +$1.72M |
|
1983
United Microelectronic
UMC
$47.7B
| $1.79M | ﹤0.01% |
875,600
+650,372
| +289% | +$1.46M |
|
|
HIBB
1984
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.79M | ﹤0.01% |
38,451
+27,866
| +263% | +$1.33M |
|
|
GDP
1985
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $1.78M | ﹤0.01% |
+956,498
| New | +$2.98M |
|
|
VWR
1986
DELISTED
VWR Corporation
VWR
| $1.78M | ﹤0.01% |
66,505
-882,132
| -93% | -$23.6M |
|
1987
IDEX
IEX
$17.3B
| $1.77M | ﹤0.01% |
22,532
+11,613
| +106% | +$899K |
|
|
PPP
1988
DELISTED
Primero Mining Corp
PPP
| $1.77M | ﹤0.01% |
455,020
+189,025
| +71% | +$741K |
|
1989
Corning
GLW
$132B
| $1.77M | ﹤0.01% |
89,551
-2,422,015
| -96% | -$51.8M |
|
1990
Sturm, Ruger & Co
RGR
$611M
| $1.76M | ﹤0.01% |
30,649
+23,696
| +341% | +$1.29M |
|
1991
Puma Biotechnology
PBYI
$473M
| $1.76M | ﹤0.01% |
+15,060
| New | +$2.73M |
|
|
GOOD
1992
Gladstone Commercial Corp
GOOD
$630M
| $1.75M | ﹤0.01% |
105,923
+81,129
| +327% | +$1.44M |
|
1993
Quanex
NX
$910M
| $1.75M | ﹤0.01% |
+81,563
| New | +$1.57M |
|
1994
Bio-Techne
TECH
$11.4B
| $1.75M | ﹤0.01% |
70,988
-50,692
| -42% | -$1.27M |
|
|
CHL
1995
DELISTED
China Mobile Limited
CHL
| $1.75M | ﹤0.01% |
27,240
-77,151
| -74% | -$5.27M |
|
|
AOI
1996
DELISTED
Alliance One International
AOI
| $1.74M | ﹤0.01% |
72,926
+53,546
| +276% | +$841K |
|
|
CNH
1997
CNH Industrial
CNH
$18.7B
| $1.74M | ﹤0.01% |
215,426
+153,217
| +246% | +$1.17M |
|
|
TAST
1998
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $1.73M | ﹤0.01% |
+166,072
| New | +$1.6M |
|
1999
Clean Energy Fuels
CLNE
$357M
| $1.72M | ﹤0.01% |
+305,332
| New | +$2.29M |
|
2000
Sabesp
SBS
$17.1B
| $1.72M | ﹤0.01% |
1,707,809
+423,520
| +33% | +$477K |
|
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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.