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 | |
|---|---|---|---|---|---|---|
|
FUR
2051
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
| $1.58M | ﹤0.01% |
109,864
+32,201
| +41% | +$472K |
|
|
GDEF
2052
DELISTED
GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS INC COM
GDEF
| $1.58M | ﹤0.01% |
149,800
-200
| -0.1% | -$2.11K |
|
|
LTC
2053
LTC Properties
LTC
$2.21B
| $1.57M | ﹤0.01% |
+36,760
| New | +$1.56M |
|
|
VRN
2054
DELISTED
Veren
VRN
| $1.57M | ﹤0.01% |
137,000
+67,482
| +97% | +$948K |
|
2055
VanEck Agribusiness ETF
MOO
$1.01B
| $1.56M | ﹤0.01% |
34,025
+2,996
| +10% | +$154K |
|
|
HZN
2056
DELISTED
Horizon Global Corporation
HZN
| $1.56M | ﹤0.01% |
+176,779
| New | +$1.98M |
|
|
CSLT
2057
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $1.55M | ﹤0.01% |
369,910
+302,885
| +452% | +$1.91M |
|
|
DRRX
2058
DELISTED
DURECT Corp
DRRX
| $1.55M | ﹤0.01% |
79,650
-312,626
| -80% | -$7.11M |
|
2059
Pan American Silver
PAAS
$22.5B
| $1.55M | ﹤0.01% |
+244,456
| New | +$1.67M |
|
|
CEB
2060
DELISTED
CEB Inc.
CEB
| $1.54M | ﹤0.01% |
+22,586
| New | +$1.74M |
|
|
WIBC
2061
DELISTED
WILSHIRE BANCORP INC
WIBC
| $1.54M | ﹤0.01% |
+146,578
| New | +$1.66M |
|
|
INFI
2062
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $1.54M | ﹤0.01% |
182,088
-274,133
| -60% | -$2.53M |
|
2063
NewMarket
NEU
$8.48B
| $1.54M | ﹤0.01% |
+4,304
| New | +$1.74M |
|
2064
Chemours
CC
$2.37B
| $1.53M | ﹤0.01% |
+236,896
| New | +$2.48M |
|
2065
Entegris
ENTG
$22.1B
| $1.53M | ﹤0.01% |
+115,843
| New | +$1.6M |
|
2066
Sunrun
RUN
$2.2B
| $1.53M | ﹤0.01% |
+147,258
| New | +$1.59M |
|
|
PFSW
2067
DELISTED
PFSweb, Inc.
PFSW
| $1.53M | ﹤0.01% |
107,351
+37,044
| +53% | +$487K |
|
|
TSS
2068
DELISTED
Total System Services, Inc.
TSS
| $1.52M | ﹤0.01% |
33,550
-21,737
| -39% | -$989K |
|
2069
LGI Homes
LGIH
$1.35B
| $1.52M | ﹤0.01% |
+56,018
| New | +$1.32M |
|
|
SRG
2070
Seritage Growth Properties
SRG
$119M
| $1.52M | ﹤0.01% |
+40,884
| New | +$1.62M |
|
2071
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $1.52M | ﹤0.01% |
16,066
+9,977
| +164% | +$979K |
|
2072
Radware
RDWR
$1.24B
| $1.52M | ﹤0.01% |
93,486
-114,426
| -55% | -$2.18M |
|
|
NILE
2073
DELISTED
Blue Nile, Inc.
NILE
| $1.52M | ﹤0.01% |
+45,238
| New | +$1.47M |
|
2074
CALL
Alerian MLP ETF
AMLP
$13.3B
| $1.5M | ﹤0.01% |
+24,000
| New | +$1.75M |
|
|
FNGN
2075
DELISTED
Financial Engines, Inc.
FNGN
| $1.5M | ﹤0.01% |
+50,773
| New | +$1.89M |
|
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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.