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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.77B | 3.43% |
9,249,300
-855,000
| -8% | -$173M |
|
|
2
DuPont de Nemours
DD
$18.7B
| $1.56B | 3.01% |
14,489,213
+13,395,483
| +1,225% | +$1.55B |
|
|
3
PUT
DuPont de Nemours
DD
$18.7B
| $1.31B | 2.55% |
+12,241,314
| New | +$1.42B |
|
|
4
Comcast
CMCSA
$95.3B
| $440M | 0.85% |
15,456,646
+15,128,824
| +4,615% | +$449M |
|
5
Amazon
AMZN
$2.79T
| $418M | 0.81% |
16,347,120
+5,264,000
| +47% | +$133M |
|
|
PPL
6
PPL Corp
PPL
$25.9B
| $372M | 0.72% |
11,324,630
+436,766
| +4% | +$13.7M |
|
|
NBL
7
DELISTED
Noble Energy, Inc.
NBL
| $371M | 0.72% |
12,288,254
+3,562,969
| +41% | +$123M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.18T
| $344M | 0.67% |
10,938,380
+9,154,120
| +513% | +$281M |
|
9
American Electric Power
AEP
$65.8B
| $338M | 0.66% |
5,951,546
-792,561
| -12% | -$44M |
|
|
10
SLB Ltd
SLB
$79.9B
| $288M | 0.56% |
4,175,191
+3,759,062
| +903% | +$298M |
|
|
DISH
11
DELISTED
DISH Network Corp.
DISH
| $278M | 0.54% |
4,762,752
+1,323,861
| +38% | +$84M |
|
12
Ameren
AEE
$29.4B
| $264M | 0.51% |
6,252,058
-749,303
| -11% | -$30.2M |
|
13
HF Sinclair
DINO
$17.3B
| $264M | 0.51% |
5,405,135
-410,720
| -7% | -$19.5M |
|
14
DTE Energy
DTE
$28.1B
| $263M | 0.51% |
3,844,925
-245,943
| -6% | -$16.4M |
|
15
McDonald's
MCD
$192B
| $249M | 0.48% |
2,530,164
-214,075
| -8% | -$20.9M |
|
16
Meta Platforms (Facebook)
META
$1.4T
| $240M | 0.47% |
2,674,552
-1,115,889
| -29% | -$102M |
|
|
17
Qualcomm
QCOM
$169B
| $236M | 0.46% |
4,384,742
+3,834,399
| +697% | +$228M |
|
18
Occidental Petroleum
OXY
$61.3B
| $234M | 0.45% |
3,539,682
+151,046
| +4% | +$10.5M |
|
19
EQT Corp
EQT
$33.6B
| $231M | 0.45% |
6,562,782
+918,263
| +16% | +$37.5M |
|
20
NextEra Energy
NEE
$174B
| $227M | 0.44% |
9,314,464
-5,856,544
| -39% | -$149M |
|
21
Eversource Energy
ES
$26.4B
| $221M | 0.43% |
4,369,703
+4,018,151
| +1,143% | +$194M |
|
|
LVLT
22
DELISTED
Level 3 Communications Inc
LVLT
| $221M | 0.43% |
5,048,176
+1,227,783
| +32% | +$59.2M |
|
23
PUT
Invesco QQQ Trust
QQQ
$486B
| $217M | 0.42% |
2,135,000
+1,888,100
| +765% | +$203M |
|
24
Devon Energy
DVN
$54B
| $217M | 0.42% |
5,851,060
+3,314,737
| +131% | +$152M |
|
25
Amgen
AMGN
$238B
| $217M | 0.42% |
1,566,321
+1,067,532
| +214% | +$168M |
|
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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.