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 |
MRO
Marathon Oil Corporation
MRO
|
+$180M |
| 2 |
BHI
Baker Hughes
BHI
|
+$173M |
| 3 |
Dominion Energy
D
|
+$161M |
| 4 |
Kinder Morgan
KMI
|
+$155M |
| 5 |
Marathon Petroleum
MPC
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FRX
FOREST LABORATORIES INC
FRX
|
+$177M |
| 2 |
SLB Ltd
SLB
|
+$121M |
| 3 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$119M |
| 4 |
PepsiCo
PEP
|
+$110M |
| 5 |
Mastercard
MA
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 15.14% |
| 2 | Healthcare | 12.64% |
| 3 | Financials | 8.59% |
| 4 | Utilities | 7.75% |
| 5 | Technology | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Snap-on
SNA
$20.3B
| $39.7M | 0.1% |
327,969
+195,275
| +147% | +$24M |
|
227
Brunswick
BC
$5.24B
| $39.2M | 0.1% |
929,255
+775,939
| +506% | +$32.8M |
|
|
QEP
228
DELISTED
QEP RESOURCES, INC.
QEP
| $39.1M | 0.1% |
1,270,532
+1,062,431
| +511% | +$35.5M |
|
229
Zions Bancorporation
ZION
$9.95B
| $39.1M | 0.1% |
1,345,506
-416,826
| -24% | -$12.1M |
|
230
AB InBev
BUD
$155B
| $39M | 0.1% |
351,495
-100,108
| -22% | -$11.2M |
|
|
TWO
231
Two Harbors Investment
TWO
$1.27B
| $38.9M | 0.1% |
503,477
+116,422
| +30% | +$9.67M |
|
232
Cisco
CSCO
$438B
| $38.7M | 0.1% |
1,538,749
+940,728
| +157% | +$23.7M |
|
|
PES
233
DELISTED
Pioneer Energy Services Corp.
PES
| $38.6M | 0.1% |
2,755,457
+1,482,980
| +117% | +$23.2M |
|
234
iShares Biotechnology ETF
IBB
$10.7B
| $38.6M | 0.1% |
422,940
+226,497
| +115% | +$19.9M |
|
235
Principal Financial Group
PFG
$23.7B
| $38.4M | 0.1% |
+731,309
| New | +$38.3M |
|
236
TripAdvisor
TRIP
$1.17B
| $38.3M | 0.1% |
+419,269
| New | +$41.5M |
|
237
Universal Health Services
UHS
$10.4B
| $38.3M | 0.1% |
366,317
-276,283
| -43% | -$29.4M |
|
|
SPR
238
DELISTED
Spirit AeroSystems
SPR
| $38.3M | 0.1% |
1,005,661
+761,920
| +313% | +$27.9M |
|
239
Bausch Health
BHC
$2.41B
| $38.2M | 0.1% |
291,507
-426,884
| -59% | -$50.9M |
|
|
SPPI
240
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $38.2M | 0.1% |
4,698,255
+4,100
| +0.1% | +$32.1K |
|
241
Packaging Corp of America
PKG
$22.5B
| $38.1M | 0.1% |
597,146
+103,094
| +21% | +$6.93M |
|
|
BEAV
242
DELISTED
B/E Aerospace Inc
BEAV
| $38.1M | 0.1% |
626,415
+231,082
| +58% | +$14.6M |
|
243
T-Mobile US
TMUS
$196B
| $37.7M | 0.1% |
1,306,986
-15,435
| -1% | -$475K |
|
244
Norwegian Cruise Line
NCLH
$7.92B
| $37.7M | 0.1% |
1,047,297
+647,295
| +162% | +$22M |
|
245
Affiliated Managers Group
AMG
$9.21B
| $37.6M | 0.1% |
187,600
-49,991
| -21% | -$10.2M |
|
|
LO
246
DELISTED
LORILLARD INC COM STK
LO
| $37.5M | 0.09% |
625,802
+508,699
| +434% | +$30.8M |
|
247
United Airlines
UAL
$36.7B
| $37.2M | 0.09% |
794,656
-291,043
| -27% | -$13.5M |
|
248
General Mills
GIS
$21.4B
| $36.9M | 0.09% |
+731,158
| New | +$38.3M |
|
249
SITE Centers
SITC
$161M
| $36.2M | 0.09% |
1,677,917
+1,494,877
| +817% | +$34M |
|
|
SF
250
Stifel
SF
$12.2B
| $36.1M | 0.09% |
1,733,384
+134,748
| +8% | +$2.81M |
|
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Israel Englander's Q3 2014 Portfolio in Review
As of Q3 2014, Israel Englander held 4,400 positions worth $39.5B, up 9.5% from $36.1B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Israel Englander deployed $4.94B of net new capital in Q3 2014, opening 1,066 new positions and adding to 1,336 existing holdings. Its largest new stake was St Jude Medical: 1,407,737 shares worth $84.6M.
By sector, the portfolio is most concentrated in Energy at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was SLB Ltd, an estimated $121M trimmed.
- Israel Englander's largest Q3 2014 buy was St Jude Medical: 1,407,737 shares worth $84.6M.
- Israel Englander added most to Marathon Oil Corporation in Q3 2014, an estimated $180M increase.
- Israel Englander's biggest Q3 2014 reduction was SLB Ltd, cutting an estimated $121M.
- Israel Englander fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $177M.
- Israel Englander's ten largest holdings make up 11% of its $39.5B portfolio in Q3 2014.
- Israel Englander opened 1,066 new positions and closed 749 in Q3 2014.
- Israel Englander's portfolio value rose 9.5% quarter-over-quarter to $39.5B.
Based on Millennium Management's 13F filing for Q3 2014, filed 14 Nov 2014.