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 | |
|---|---|---|---|---|---|---|
2626
Grupo Cibest SA
CIB
$23.3B
| $604K | ﹤0.01% |
+10,646
| New | +$653K |
|
|
SDLP
2627
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $604K | ﹤0.01% |
1,938
-48,685
| -96% | -$16M |
|
|
FRM
2628
DELISTED
FURMANITE CORPORATION COM
FRM
| $603K | ﹤0.01% |
+89,189
| New | +$832K |
|
2629
Seaboard Corp
SEB
$3.76B
| $597K | ﹤0.01% |
223
+36
| +19% | +$103K |
|
|
CORR
2630
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
| $597K | ﹤0.01% |
15,965
+1,817
| +13% | +$72.1K |
|
|
MNI
2631
DELISTED
The McClatchy Company Class A Common Stock
MNI
| $597K | ﹤0.01% |
17,776
+13,945
| +364% | +$639K |
|
|
SIGM
2632
DELISTED
Sigma Designs Inc
SIGM
| $597K | ﹤0.01% |
+138,549
| New | +$637K |
|
2633
RingCentral
RNG
$5.72B
| $596K | ﹤0.01% |
46,928
+27,140
| +137% | +$374K |
|
2634
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $596K | ﹤0.01% |
20,320
+8,928
| +78% | +$265K |
|
|
PVG
2635
DELISTED
PRETIUM RESOURCES INC.
PVG
| $595K | ﹤0.01% |
114,389
+46,987
| +70% | +$329K |
|
2636
Sixth Street Specialty
TSLX
$1.79B
| $594K | ﹤0.01% |
37,104
-21,973
| -37% | -$409K |
|
2637
First Busey Corp
BUSE
$2.49B
| $593K | ﹤0.01% |
35,504
+7,488
| +27% | +$128K |
|
2638
PUT
Veeva Systems
VEEV
$45.8B
| $592K | ﹤0.01% |
21,000
+2,400
| +13% | +$61.8K |
|
|
CKP
2639
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $591K | ﹤0.01% |
48,305
+27,958
| +137% | +$370K |
|
2640
PUT
Ross Stores
ROST
$73.7B
| $590K | ﹤0.01% |
+15,600
| New | +$543K |
|
2641
AngioDynamics
ANGO
$653M
| $589K | ﹤0.01% |
42,915
+29,456
| +219% | +$420K |
|
|
MFA
2642
MFA Financial
MFA
$896M
| $589K | ﹤0.01% |
18,940
-124,569
| -87% | -$4.1M |
|
2643
CALL
Best Buy
BBY
$17.6B
| $588K | ﹤0.01% |
17,500
-167,600
| -91% | -$5.26M |
|
|
OSIR
2644
DELISTED
Osiris Therapeutics, Inc. Common Stock
OSIR
| $587K | ﹤0.01% |
+46,615
| New | +$665K |
|
2645
Tapestry
TPR
$24.6B
| $585K | ﹤0.01% |
16,421
-268,545
| -94% | -$9.62M |
|
|
VTAE
2646
DELISTED
VITAE PHARMACEUTICALS INC COMMON STOCK
VTAE
| $585K | ﹤0.01% |
+76,624
| New | +$596K |
|
|
SRDX
2647
DELISTED
Surmodics
SRDX
| $583K | ﹤0.01% |
32,094
+4,342
| +16% | +$86.7K |
|
2648
Criteo S.A.
CRTO
$844M
| $582K | ﹤0.01% |
+17,293
| New | +$564K |
|
|
DRIV
2649
DELISTED
DIGITAL RIVER INC.
DRIV
| $578K | ﹤0.01% |
39,774
-89,392
| -69% | -$1.34M |
|
2650
PUT
CME Group
CME
$101B
| $576K | ﹤0.01% |
+7,200
| New | +$543K |
|
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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.