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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.33B | 4.34% |
11,291,800
+1,966,200
| +21% | +$406M |
|
|
2
Teva Pharmaceuticals
TEVA
$43.5B
| $560M | 1.04% |
8,990,767
+3,697,503
| +70% | +$215M |
|
3
NextEra Energy
NEE
$174B
| $456M | 0.85% |
17,516,180
+5,382,952
| +44% | +$142M |
|
|
4
American Electric Power
AEP
$65.8B
| $424M | 0.79% |
7,533,324
+5,049,466
| +203% | +$300M |
|
|
NBL
5
DELISTED
Noble Energy, Inc.
NBL
| $375M | 0.7% |
7,672,262
+5,870,669
| +326% | +$274M |
|
6
Devon Energy
DVN
$54B
| $334M | 0.62% |
5,538,206
+1,660,327
| +43% | +$101M |
|
7
Apple
AAPL
$4.51T
| $321M | 0.6% |
10,331,244
+5,458,316
| +112% | +$165M |
|
8
Sempra
SRE
$54.2B
| $307M | 0.57% |
5,636,692
+1,322,034
| +31% | +$72.9M |
|
|
9
Ameren
AEE
$29.4B
| $290M | 0.54% |
6,867,641
+4,914,073
| +252% | +$214M |
|
10
Pfizer
PFE
$160B
| $288M | 0.54% |
8,727,749
+5,038,347
| +137% | +$160M |
|
11
Meta Platforms (Facebook)
META
$1.4T
| $282M | 0.52% |
3,428,595
+344,080
| +11% | +$27M |
|
|
NFX
12
DELISTED
Newfield Exploration
NFX
| $257M | 0.48% |
7,318,909
+4,325,709
| +145% | +$131M |
|
13
Visa
V
$693B
| $248M | 0.46% |
3,784,942
+2,852,382
| +306% | +$189M |
|
14
NiSource
NI
$19.5B
| $245M | 0.46% |
14,105,286
+10,002,069
| +244% | +$170M |
|
15
Marathon Petroleum
MPC
$101B
| $242M | 0.45% |
4,719,332
-411,458
| -8% | -$19.8M |
|
|
16
DTE Energy
DTE
$28.1B
| $232M | 0.43% |
+3,384,348
| New | +$243M |
|
|
APC
17
DELISTED
Anadarko Petroleum
APC
| $231M | 0.43% |
2,792,994
-91,818
| -3% | -$7.51M |
|
18
Citigroup
C
$221B
| $229M | 0.43% |
4,450,522
+1,674,542
| +60% | +$85.3M |
|
19
Valero Energy
VLO
$100B
| $216M | 0.4% |
3,390,483
-446,928
| -12% | -$24.9M |
|
20
HF Sinclair
DINO
$17.3B
| $215M | 0.4% |
5,333,673
+3,483,026
| +188% | +$134M |
|
|
TWX
21
DELISTED
Time Warner Inc
TWX
| $212M | 0.4% |
2,515,641
+1,516,465
| +152% | +$126M |
|
22
Xcel Energy
XEL
$47.7B
| $211M | 0.39% |
6,066,097
-41,617
| -0.7% | -$1.49M |
|
23
Exelon
EXC
$45.1B
| $209M | 0.39% |
8,730,304
+7,169,274
| +459% | +$178M |
|
24
Bank of America
BAC
$431B
| $209M | 0.39% |
13,562,665
+11,804,328
| +671% | +$190M |
|
25
CVS Health
CVS
$119B
| $209M | 0.39% |
2,022,063
+461,693
| +30% | +$46.7M |
|
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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.