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 | Miscellaneous | 15.52% |
| 2 | Energy | 15.14% |
| 3 | Healthcare | 12.64% |
| 4 | Financials | 8.59% |
| 5 | Utilities | 7.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CBF
2476
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $754K | ﹤0.01% |
31,577
-21,380
| -40% | -$510K |
|
|
XEC
2477
CALL
DELISTED
CIMAREX ENERGY CO
XEC
| $747K | ﹤0.01% |
+5,900
| New | +$816K |
|
2478
iShare MSCI Eurozone ETF
EZU
$9.9B
| $744K | ﹤0.01% |
19,334
+14,434
| +295% | +$580K |
|
2479
Azenta
AZTA
$1.47B
| $743K | ﹤0.01% |
70,736
-87,148
| -55% | -$935K |
|
|
ENT
2480
DELISTED
Global Eagle Entertainment Inc.
ENT
| $743K | ﹤0.01% |
2,648
-13,584
| -84% | -$3.95M |
|
|
PRSU
2481
Pursuit Attractions and Hospitality Inc
PRSU
$1.34B
| $742K | ﹤0.01% |
35,943
-23,864
| -40% | -$528K |
|
2482
CALL
Ross Stores
ROST
$73.7B
| $741K | ﹤0.01% |
+19,600
| New | +$682K |
|
2483
OFG Bancorp
OFG
$2.2B
| $738K | ﹤0.01% |
49,262
-234,507
| -83% | -$3.83M |
|
|
BWLD
2484
PUT
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $738K | ﹤0.01% |
5,500
-28,000
| -84% | -$4.14M |
|
2485
CALL
Delek Logistics
DKL
$3.18B
| $737K | ﹤0.01% |
+18,100
| New | +$685K |
|
2486
PUT
AT&T
T
$174B
| $737K | ﹤0.01% |
27,672
-1,059
| -4% | -$28.2K |
|
|
FLTX
2487
DELISTED
Fleetmatics Group PLC
FLTX
| $735K | ﹤0.01% |
+24,100
| New | +$767K |
|
|
MWIV
2488
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
| $733K | ﹤0.01% |
4,939
+813
| +20% | +$117K |
|
|
GCVRZ
2489
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $733K | ﹤0.01% |
1,575,406
+38,200
| +2% | +$18.5K |
|
2490
Curis
CRIS
$3.64M
| $729K | ﹤0.01% |
259
-7
| -3% | -$23.5K |
|
|
CCRN
2491
DELISTED
Cross Country Healthcare
CCRN
| $728K | ﹤0.01% |
78,416
+60,778
| +345% | +$466K |
|
2492
Gladstone Capital
GLAD
$448M
| $728K | ﹤0.01% |
41,483
+17,089
| +70% | +$328K |
|
2493
Gladstone Investment Corp
GAIN
$653M
| $727K | ﹤0.01% |
102,218
-102,617
| -50% | -$768K |
|
|
VAR
2494
DELISTED
Varian Medical Systems, Inc.
VAR
| $727K | ﹤0.01% |
+10,351
| New | +$763K |
|
2495
Vera Bradley
VRA
$95M
| $725K | ﹤0.01% |
35,056
-37,294
| -52% | -$785K |
|
2496
Interparfums
IPAR
$3.76B
| $724K | ﹤0.01% |
+26,344
| New | +$745K |
|
2497
Vanguard Dividend Appreciation ETF
VIG
$113B
| $724K | ﹤0.01% |
9,414
-32,730
| -78% | -$2.54M |
|
2498
Wolfspeed
WOLF
$1.4B
| $721K | ﹤0.01% |
17,596
+5,204
| +42% | +$240K |
|
2499
Gartner
IT
$12.4B
| $720K | ﹤0.01% |
9,800
-69,915
| -88% | -$5.08M |
|
2500
National Bank Holdings
NBHC
$1.84B
| $719K | ﹤0.01% |
37,630
+24,084
| +178% | +$478K |
|
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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 $4.26B 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 Miscellaneous at 16% of assets, up from 14% a quarter earlier, followed by Energy and Healthcare.
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.