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 | Miscellaneous | 12.07% |
| 3 | Energy | 11.62% |
| 4 | Consumer Discretionary | 8.89% |
| 5 | Financials | 8.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRCM
1976
PUT
DELISTED
BROADCOM CORP CL-A
BRCM
| $1.81M | ﹤0.01% |
+35,200
| New | +$1.81M |
|
1977
Mattel
MAT
$4.25B
| $1.81M | ﹤0.01% |
85,778
-453,668
| -84% | -$10.6M |
|
|
TA
1978
DELISTED
TravelCenters of America LLC
TA
| $1.8M | ﹤0.01% |
34,910
-18,174
| -34% | -$1.23M |
|
1979
Green Plains
GPRE
$997M
| $1.8M | ﹤0.01% |
92,445
-355,531
| -79% | -$7.84M |
|
1980
Rogers Corp
ROG
$2.3B
| $1.8M | ﹤0.01% |
33,821
+244
| +0.7% | +$13.7K |
|
|
RGC
1981
DELISTED
Regal Entertainment Group
RGC
| $1.8M | ﹤0.01% |
96,274
+20,176
| +27% | +$389K |
|
|
ALX
1982
Alexander's
ALX
$1.37B
| $1.8M | ﹤0.01% |
4,807
+3,267
| +212% | +$1.27M |
|
1983
WEX
WEX
$6.78B
| $1.79M | ﹤0.01% |
20,666
+8,652
| +72% | +$862K |
|
|
VASC
1984
DELISTED
Vascular Solutions Inc
VASC
| $1.79M | ﹤0.01% |
55,393
+30,957
| +127% | +$1.11M |
|
1985
Great Southern Bancorp
GSBC
$852M
| $1.79M | ﹤0.01% |
41,272
+6,447
| +19% | +$267K |
|
1986
CareTrust REIT
CTRE
$9.35B
| $1.78M | ﹤0.01% |
157,043
+130,932
| +501% | +$1.59M |
|
1987
American Coastal Insurance
ACIC
$446M
| $1.78M | ﹤0.01% |
+135,397
| New | +$1.95M |
|
1988
Chegg
CHGG
$90.4M
| $1.78M | ﹤0.01% |
246,697
-249,595
| -50% | -$1.98M |
|
|
GLBL
1989
DELISTED
TerraForm Global, Inc. Class A Common Stock
GLBL
| $1.77M | ﹤0.01% |
+266,209
| New | +$2.58M |
|
|
AFOP
1990
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
| $1.76M | ﹤0.01% |
103,238
+77,217
| +297% | +$1.45M |
|
1991
Northwest Bancshares
NWBI
$2.24B
| $1.76M | ﹤0.01% |
135,355
-268,533
| -66% | -$3.43M |
|
1992
Lands' End
LE
$370M
| $1.75M | ﹤0.01% |
64,900
+42,160
| +185% | +$1.06M |
|
1993
Cullen/Frost Bankers
CFR
$10.1B
| $1.75M | ﹤0.01% |
+27,508
| New | +$1.87M |
|
|
LADR
1994
Ladder Capital
LADR
$1.26B
| $1.75M | ﹤0.01% |
151,829
-448,810
| -75% | -$5.67M |
|
|
CXRX
1995
DELISTED
Concordia International Corp. Common Stock
CXRX
| $1.75M | ﹤0.01% |
+41,000
| New | +$3.04M |
|
1996
Liberty Latin America Class C
LILAK
$1.64B
| $1.74M | ﹤0.01% |
+59,471
| New | +$2.01M |
|
1997
Gartner
IT
$12.5B
| $1.74M | ﹤0.01% |
+20,727
| New | +$1.81M |
|
1998
TAL Education Group
TAL
$6.5B
| $1.74M | ﹤0.01% |
324,690
-330,420
| -50% | -$1.78M |
|
1999
CNA Financial
CNA
$13.2B
| $1.74M | ﹤0.01% |
49,746
-3,559
| -7% | -$134K |
|
|
TDAY
2000
USA Today Co
TDAY
$941M
| $1.74M | ﹤0.01% |
112,204
+10,115
| +10% | +$162K |
|
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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 $4.58B 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 Miscellaneous and Energy.
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.