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 | |
|---|---|---|---|---|---|---|
|
GCVRZ
2376
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $899K | ﹤0.01% |
1,325,877
-232,929
| -15% | -$163K |
|
|
MTOR
2377
DELISTED
MERITOR, Inc.
MTOR
| $898K | ﹤0.01% |
71,229
-827,791
| -92% | -$11.5M |
|
|
EARN
2378
Ellington Residential Mortgage REIT
EARN
$168M
| $897K | ﹤0.01% |
54,766
-61,175
| -53% | -$1,000K |
|
|
KBAL
2379
DELISTED
Kimball International
KBAL
| $897K | ﹤0.01% |
85,619
+29,431
| +52% | +$279K |
|
|
AXDX
2380
DELISTED
Accelerate Diagnostics
AXDX
| $893K | ﹤0.01% |
3,967
-220
| -5% | -$46K |
|
2381
Crown Holdings
CCK
$13.1B
| $889K | ﹤0.01% |
16,454
-33,740
| -67% | -$1.68M |
|
|
MODN
2382
DELISTED
MODEL N, INC.
MODN
| $888K | ﹤0.01% |
74,265
+23,715
| +47% | +$272K |
|
2383
PUT
Constellation Brands
STZ
$23B
| $883K | ﹤0.01% |
7,600
-15,300
| -67% | -$1.72M |
|
2384
PhenixFIN
PFX
$103M
| $882K | ﹤0.01% |
4,822
-318
| -6% | -$59.1K |
|
2385
Titan International
TWI
$463M
| $882K | ﹤0.01% |
+94,183
| New | +$916K |
|
2386
PUT
Ashland
ASH
$3.38B
| $878K | ﹤0.01% |
14,104
+7,972
| +130% | +$483K |
|
2387
Theravance Biopharma
TBPH
$885M
| $876K | ﹤0.01% |
50,496
-97,853
| -66% | -$1.79M |
|
|
SFY
2388
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
| $873K | ﹤0.01% |
404,232
+264,865
| +190% | +$687K |
|
|
OKSB
2389
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $872K | ﹤0.01% |
49,003
-3,969
| -7% | -$65.5K |
|
2390
Companhia Siderúrgica Nacional
SID
$1.34B
| $871K | ﹤0.01% |
518,634
+493,194
| +1,939% | +$878K |
|
|
MCGC
2391
DELISTED
MCG CAP CORP
MCGC
| $871K | ﹤0.01% |
220,002
-136,228
| -38% | -$531K |
|
|
DSPG
2392
DELISTED
DSP Group Inc
DSPG
| $869K | ﹤0.01% |
72,518
+29,711
| +69% | +$332K |
|
|
ERF
2393
DELISTED
Enerplus Corporation
ERF
| $867K | ﹤0.01% |
85,480
-1,182,351
| -93% | -$11.7M |
|
|
TRST
2394
Trustco Bank Corp NY
TRST
$975M
| $863K | ﹤0.01% |
25,097
+18,137
| +261% | +$614K |
|
|
BGC
2395
CALL
DELISTED
General Cable Corporation
BGC
| $862K | ﹤0.01% |
+50,000
| New | +$707K |
|
|
AVH
2396
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $861K | ﹤0.01% |
76,103
-54,521
| -42% | -$646K |
|
2397
GoPro
GPRO
$110M
| $860K | ﹤0.01% |
19,820
+14,148
| +249% | +$667K |
|
2398
NovaGold Resources
NG
$4.23B
| $859K | ﹤0.01% |
290,333
+120,041
| +70% | +$421K |
|
|
ESRX
2399
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $859K | ﹤0.01% |
+9,900
| New | +$830K |
|
2400
AMC Global Media
AMCX
$518M
| $858K | ﹤0.01% |
11,200
+2,700
| +32% | +$187K |
|
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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.