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 | |
|---|---|---|---|---|---|---|
|
DTEA
2401
DELISTED
DAVIDsTEA Inc. Common Stock
DTEA
| $795K | ﹤0.01% |
50,736
-7,596
| -13% | -$121K |
|
2402
Medallion Financial
MFIN
$275M
| $793K | ﹤0.01% |
104,668
+19,610
| +23% | +$156K |
|
|
ARO
2403
DELISTED
Aeropostale Inc
ARO
| $790K | ﹤0.01% |
1,274,232
-181,881
| -12% | -$229K |
|
2404
iShares S&P 500 Value ETF
IVE
$50.3B
| $789K | ﹤0.01% |
9,392
+3,625
| +63% | +$324K |
|
2405
Compañía de Cervecerías Unidas
CCU
$2.32B
| $788K | ﹤0.01% |
35,554
+2,987
| +9% | +$65.6K |
|
2406
Neurogene
NGNE
$817M
| $788K | ﹤0.01% |
+2,801
| New | +$645K |
|
2407
PC Connection
CNXN
$2B
| $787K | ﹤0.01% |
37,941
+21,593
| +132% | +$470K |
|
2408
Distribution Solutions Group
DSGR
$1.61B
| $787K | ﹤0.01% |
+72,722
| New | +$876K |
|
|
AXE
2409
DELISTED
Anixter International Inc
AXE
| $787K | ﹤0.01% |
13,624
-174,193
| -93% | -$10.9M |
|
|
EXXI
2410
PUT
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $787K | ﹤0.01% |
749,500
-124,300
| -14% | -$209K |
|
2411
Loews
L
$22.7B
| $784K | ﹤0.01% |
21,688
-89,816
| -81% | -$3.36M |
|
|
UHT
2412
Universal Health Realty Income Trust
UHT
$586M
| $784K | ﹤0.01% |
+16,697
| New | +$795K |
|
|
HEES
2413
DELISTED
H&E Equipment Services
HEES
| $781K | ﹤0.01% |
46,710
-403,088
| -90% | -$7.08M |
|
|
NSR
2414
DELISTED
Neustar Inc
NSR
| $781K | ﹤0.01% |
28,691
+6,565
| +30% | +$186K |
|
|
DNB
2415
DELISTED
Dun & Bradstreet
DNB
| $779K | ﹤0.01% |
7,415
-185,015
| -96% | -$21.1M |
|
|
DLR.PRI
2416
DELISTED
DIGITAL RLTY TR INC PFD SR I % (MD)
DLR.PRI
| $778K | ﹤0.01% |
+31,431
| New | +$771K |
|
|
GCAP
2417
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $778K | ﹤0.01% |
106,900
+28,545
| +36% | +$222K |
|
|
JIVE
2418
DELISTED
Jive Software, Inc.
JIVE
| $777K | ﹤0.01% |
166,300
-521,688
| -76% | -$2.42M |
|
2419
United Microelectronic
UMC
$49.2B
| $774K | ﹤0.01% |
478,083
-397,517
| -45% | -$710K |
|
2420
ENI
E
$78B
| $772K | ﹤0.01% |
24,606
+3,225
| +15% | +$108K |
|
2421
NorthWestern Energy
NWE
$4.36B
| $772K | ﹤0.01% |
+14,347
| New | +$748K |
|
2422
Stoneridge
SRI
$205M
| $770K | ﹤0.01% |
+62,439
| New | +$741K |
|
2423
Malibu Boats
MBUU
$579M
| $768K | ﹤0.01% |
54,920
+31,806
| +138% | +$573K |
|
2424
Cogent Communications
CCOI
$506M
| $767K | ﹤0.01% |
+28,241
| New | +$833K |
|
2425
Generac Holdings
GNRC
$11.9B
| $767K | ﹤0.01% |
+25,497
| New | +$819K |
|
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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.