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 | |
|---|---|---|---|---|---|---|
|
ECOL
2301
DELISTED
US Ecology, Inc.
ECOL
| $944K | ﹤0.01% |
+21,624
| New | +$1.03M |
|
|
ASRT
2302
CALL
DELISTED
Assertio
ASRT
| $943K | ﹤0.01% |
+833
| New | +$1.42M |
|
|
MZTI
2303
The Marzetti Company
MZTI
$3.2B
| $942K | ﹤0.01% |
9,660
+3,318
| +52% | +$315K |
|
|
BNCN
2304
DELISTED
BNC Bancorp
BNCN
| $941K | ﹤0.01% |
42,335
-26,839
| -39% | -$574K |
|
2305
Costco
COST
$426B
| $940K | ﹤0.01% |
6,502
-350,072
| -98% | -$50M |
|
|
ASA
2306
ASA Gold and Precious Metals
ASA
$1.21B
| $938K | ﹤0.01% |
+120,000
| New | +$983K |
|
|
GRMN
2307
Garmin
GRMN
$55.6B
| $937K | ﹤0.01% |
26,122
-84,067
| -76% | -$3.35M |
|
|
HA
2308
DELISTED
Hawaiian Holdings, Inc.
HA
| $936K | ﹤0.01% |
+37,919
| New | +$904K |
|
|
XENT
2309
DELISTED
Intersect ENT, Inc
XENT
| $936K | ﹤0.01% |
40,000
-281,259
| -88% | -$7.76M |
|
|
DEA
2310
Easterly Government Properties
DEA
$1.19B
| $935K | ﹤0.01% |
23,444
+5,900
| +34% | +$233K |
|
|
GBNK
2311
DELISTED
Guaranty Bancorp
GBNK
| $935K | ﹤0.01% |
56,754
+16,348
| +40% | +$265K |
|
2312
Arbor Realty Trust
ABR
$961M
| $934K | ﹤0.01% |
146,817
-81,640
| -36% | -$534K |
|
2313
CALL
Century Aluminum
CENX
$4.38B
| $934K | ﹤0.01% |
203,000
+103,000
| +103% | +$719K |
|
|
IPHI
2314
DELISTED
INPHI CORPORATION
IPHI
| $933K | ﹤0.01% |
38,818
-9,833
| -20% | -$226K |
|
2315
Curtiss-Wright
CW
$22.5B
| $930K | ﹤0.01% |
14,893
-27,630
| -65% | -$1.86M |
|
|
POLY
2316
DELISTED
Plantronics, Inc.
POLY
| $929K | ﹤0.01% |
+18,278
| New | +$999K |
|
2317
Invesco S&P 500 Equal Weight Health Care ETF
RSPH
$835M
| $928K | ﹤0.01% |
+66,060
| New | +$1.03M |
|
|
REGI
2318
DELISTED
Renewable Energy Group, Inc.
REGI
| $925K | ﹤0.01% |
111,769
-202,724
| -64% | -$1.92M |
|
|
KAMN
2319
DELISTED
Kaman Corp
KAMN
| $923K | ﹤0.01% |
25,745
-10,201
| -28% | -$399K |
|
2320
First Trust Utilities AlphaDEX Fund
FXU
$806M
| $921K | ﹤0.01% |
40,701
+762
| +2% | +$17.2K |
|
2321
Univest Financial
UVSP
$1.14B
| $920K | ﹤0.01% |
47,866
+22,292
| +87% | +$439K |
|
2322
Shopify
SHOP
$198B
| $919K | ﹤0.01% |
261,130
-388,840
| -60% | -$1.23M |
|
|
BBG
2323
DELISTED
Bill Barrett Corp
BBG
| $919K | ﹤0.01% |
278,452
+151,036
| +119% | +$790K |
|
|
GSIG
2324
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
| $919K | ﹤0.01% |
72,221
+27,420
| +61% | +$371K |
|
|
BLRX
2325
BioLineRX
BLRX
$12.4M
| $918K | ﹤0.01% |
1,000
+29
| +3% | +$30.9K |
|
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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.