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 | |
|---|---|---|---|---|---|---|
|
ANAC
201
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $60.7M | 0.11% |
1,049,789
+96,407
| +10% | +$4.09M |
|
|
XL
202
DELISTED
XL Group Ltd.
XL
| $60.5M | 0.11% |
1,643,876
-742,475
| -31% | -$26.6M |
|
|
MHFI
203
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $60.3M | 0.11% |
582,983
+227,841
| +64% | +$22.4M |
|
204
Baxter International
BAX
$13.6B
| $60.1M | 0.11% |
+1,613,983
| New | +$61.2M |
|
205
American Tower
AMT
$81.9B
| $60M | 0.11% |
637,240
+571,320
| +867% | +$55.5M |
|
206
Ventas
VTR
$47.7B
| $60M | 0.11% |
719,016
+645,722
| +881% | +$55.6M |
|
|
TCF
207
DELISTED
TCF Financial Corporation
TCF
| $59.7M | 0.11% |
3,797,455
+1,208,329
| +47% | +$18.6M |
|
208
Johnson & Johnson
JNJ
$651B
| $59.6M | 0.11% |
592,844
-473,398
| -44% | -$48.1M |
|
209
Agilent Technologies
A
$44.9B
| $59.4M | 0.11% |
1,428,472
+515,331
| +56% | +$20.8M |
|
210
Cenovus Energy
CVE
$60.7B
| $59.2M | 0.11% |
3,509,201
+3,087,884
| +733% | +$57M |
|
211
Neurocrine Biosciences
NBIX
$15.5B
| $58.5M | 0.11% |
1,472,873
+251,207
| +21% | +$8.99M |
|
212
Check Point Software Technologies
CHKP
$13.3B
| $58.3M | 0.11% |
711,425
+92,159
| +15% | +$7.45M |
|
213
SL Green Realty
SLG
$4.07B
| $57.9M | 0.11% |
466,028
+99,587
| +27% | +$12.3M |
|
|
ANDV
214
DELISTED
Andeavor
ANDV
| $57.9M | 0.11% |
633,801
-890,184
| -58% | -$74.7M |
|
215
Celldex Therapeutics
CLDX
$3.17B
| $57.7M | 0.11% |
138,031
+132,813
| +2,545% | +$47.5M |
|
|
HUB.B
216
DELISTED
HUBBELL INC CL-B
HUB.B
| $57.6M | 0.11% |
525,298
+130,391
| +33% | +$14.3M |
|
|
CIVI
217
DELISTED
Civitas Resources
CIVI
| $57.2M | 0.11% |
20,787
+4,767
| +30% | +$13.6M |
|
218
Mondelez International
MDLZ
$82.3B
| $57.1M | 0.11% |
1,581,934
-418,847
| -21% | -$15.1M |
|
219
Corning
GLW
$129B
| $57M | 0.11% |
2,511,566
+1,713,444
| +215% | +$40.8M |
|
|
LNKD
220
DELISTED
LinkedIn Corporation
LNKD
| $56.9M | 0.11% |
227,782
+217,461
| +2,107% | +$54M |
|
|
PARA
221
DELISTED
Paramount Global Class B
PARA
| $56.9M | 0.11% |
+938,419
| New | +$54.8M |
|
222
Capital One
COF
$134B
| $56.8M | 0.11% |
720,387
-263,587
| -27% | -$20.7M |
|
223
CNO Financial Group
CNO
$4.95B
| $56.6M | 0.11% |
3,288,674
-869,278
| -21% | -$14.3M |
|
224
Baidu
BIDU
$31.6B
| $56.3M | 0.1% |
270,304
-195,536
| -42% | -$41.9M |
|
|
CTRX
225
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $56.3M | 0.1% |
946,068
-66,287
| -7% | -$3.37M |
|
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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.