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 | |
|---|---|---|---|---|---|---|
|
HSNI
2601
DELISTED
HSN, Inc.
HSNI
| $631K | ﹤0.01% |
10,281
-97,406
| -90% | -$5.73M |
|
2602
CarMax
KMX
$8.89B
| $630K | ﹤0.01% |
13,559
-99,214
| -88% | -$5.08M |
|
|
JMI
2603
DELISTED
JAVELIN MTG INVESTMENT CORP COM
JMI
| $630K | ﹤0.01% |
52,449
+7,772
| +17% | +$102K |
|
|
PBT
2604
Permian Basin Royalty Trust
PBT
$1.57B
| $629K | ﹤0.01% |
46,342
-15,218
| -25% | -$214K |
|
|
MVC
2605
DELISTED
MVC Capital, Inc.
MVC
| $628K | ﹤0.01% |
58,406
+35,595
| +156% | +$440K |
|
|
TAL
2606
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $627K | ﹤0.01% |
15,210
+886
| +6% | +$39.3K |
|
2607
CALL
Campbell Soup
CPB
$6.94B
| $624K | ﹤0.01% |
+14,600
| New | +$639K |
|
|
QUOT
2608
DELISTED
Quotient Technology Inc
QUOT
| $624K | ﹤0.01% |
52,200
+32,831
| +170% | +$580K |
|
|
OAKS
2609
DELISTED
Five Oaks Investment Corp.
OAKS
| $623K | ﹤0.01% |
59,369
-1,826
| -3% | -$20.4K |
|
2610
FirstEnergy
FE
$26.8B
| $621K | ﹤0.01% |
18,497
-626,154
| -97% | -$20.7M |
|
2611
Resources Connection
RGP
$147M
| $621K | ﹤0.01% |
44,554
+13,197
| +42% | +$194K |
|
2612
Entravision Communication
EVC
$747M
| $617K | ﹤0.01% |
155,692
+59,192
| +61% | +$298K |
|
|
HGT
2613
DELISTED
Hugoton Royalty Trust
HGT
| $616K | ﹤0.01% |
68,672
-4,052
| -6% | -$39.9K |
|
2614
PUT
Valero Energy
VLO
$99.8B
| $615K | ﹤0.01% |
+13,300
| New | +$671K |
|
2615
DXP Enterprises
DXPE
$2.99B
| $614K | ﹤0.01% |
+8,338
| New | +$634K |
|
|
MPT
2616
Medical Properties Trust
MPT
$2.41B
| $613K | ﹤0.01% |
50,000
-402,180
| -89% | -$5.35M |
|
2617
Grupo Aeroportuario del Pacifico
PAC
$12.8B
| $613K | ﹤0.01% |
+9,084
| New | +$631K |
|
|
SINA
2618
CALL
DELISTED
Sina Corp
SINA
| $613K | ﹤0.01% |
+14,900
| New | +$699K |
|
2619
Lipocine
LPCN
$18.4M
| $611K | ﹤0.01% |
5,882
+5,188
| +748% | +$645K |
|
2620
Marcus Corp
MCS
$905M
| $611K | ﹤0.01% |
38,675
+23,974
| +163% | +$433K |
|
|
GBL
2621
DELISTED
GAMCO Investors, Inc.
GBL
| $611K | ﹤0.01% |
16,028
+8,381
| +110% | +$354K |
|
|
LNCO
2622
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $609K | ﹤0.01% |
+21,044
| New | +$636K |
|
|
CBPX
2623
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $608K | ﹤0.01% |
+41,612
| New | +$618K |
|
2624
Quest Diagnostics
DGX
$27B
| $607K | ﹤0.01% |
10,000
-45,246
| -82% | -$2.79M |
|
2625
Novavax
NVAX
$1.49B
| $607K | ﹤0.01% |
+7,272
| New | +$657K |
|
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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.