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 | Energy | 11.62% |
| 3 | Consumer Discretionary | 8.89% |
| 4 | Financials | 8.63% |
| 5 | Technology | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WP
201
DELISTED
Worldpay, Inc.
WP
| $57.6M | 0.11% |
1,281,793
+670,314
| +110% | +$28.9M |
|
202
GE Aerospace
GE
$361B
| $57.3M | 0.11% |
474,256
+159,387
| +51% | +$19.5M |
|
|
DYN
203
DELISTED
Dynegy, Inc.
DYN
| $57M | 0.11% |
2,756,952
-1,559,340
| -36% | -$39.6M |
|
204
Voya Financial
VOYA
$8.86B
| $56.8M | 0.11% |
1,463,792
+1,086,057
| +288% | +$47.8M |
|
205
eBay
EBAY
$46.3B
| $56.6M | 0.11% |
2,317,783
-639,044
| -22% | -$17.2M |
|
|
COR
206
DELISTED
Coresite Realty Corporation
COR
| $56.5M | 0.11% |
1,098,652
+37,995
| +4% | +$1.87M |
|
|
JWN
207
DELISTED
Nordstrom
JWN
| $56.2M | 0.11% |
783,627
+562
| +0.1% | +$42.3K |
|
208
Intuitive Surgical
ISRG
$134B
| $56M | 0.11% |
1,097,541
+313,380
| +40% | +$17.8M |
|
|
VMW
209
DELISTED
VMware, Inc
VMW
| $55.7M | 0.11% |
707,494
+658,880
| +1,355% | +$54.8M |
|
210
Jack in the Box
JACK
$331M
| $55.6M | 0.11% |
721,906
-254,841
| -26% | -$21.7M |
|
211
Albemarle
ALB
$16.9B
| $55.5M | 0.11% |
1,258,050
+1,064,939
| +551% | +$52M |
|
212
Micron Technology
MU
$1.09T
| $55.2M | 0.11% |
3,686,580
+2,332,618
| +172% | +$40.1M |
|
213
CALL
Incyte
INCY
$25.9B
| $55.2M | 0.11% |
+500,000
| New | +$56.1M |
|
|
LGF
214
DELISTED
Lions Gate Entertainment
LGF
| $54.9M | 0.11% |
1,491,559
+396,589
| +36% | +$15M |
|
|
FTR
215
DELISTED
Frontier Communications Corp.
FTR
| $54.8M | 0.11% |
769,526
+500,586
| +186% | +$37.9M |
|
|
TXNM
216
TXNM Energy Inc
TXNM
$5.9B
| $54.8M | 0.11% |
1,952,137
+403,320
| +26% | +$10.5M |
|
217
Douglas Emmett
DEI
$1.97B
| $54.7M | 0.11% |
1,905,274
+1,124,796
| +144% | +$32.6M |
|
|
STJ
218
DELISTED
St Jude Medical
STJ
| $54.6M | 0.11% |
865,759
+693,757
| +403% | +$49.5M |
|
|
SKX
219
DELISTED
Skechers
SKX
| $54.6M | 0.11% |
1,221,480
+576,138
| +89% | +$26.2M |
|
220
Medtronic
MDT
$119B
| $54.2M | 0.11% |
810,369
-377,734
| -32% | -$27.8M |
|
221
Entergy
ETR
$48.8B
| $54M | 0.1% |
+1,660,296
| New | +$56.4M |
|
222
Ally Financial
ALLY
$13.1B
| $54M | 0.1% |
2,650,733
-680,598
| -20% | -$14.8M |
|
223
AbbVie
ABBV
$468B
| $54M | 0.1% |
992,641
+267,329
| +37% | +$17.4M |
|
224
3M
MMM
$92.3B
| $53.2M | 0.1% |
448,960
+187,360
| +72% | +$23M |
|
225
Brunswick
BC
$5.24B
| $53.1M | 0.1% |
1,109,224
-33,280
| -3% | -$1.69M |
|
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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 $5.12B 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 Energy and Consumer Discretionary.
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.