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 | |
|---|---|---|---|---|---|---|
|
ALEX
2651
DELISTED
Alexander & Baldwin
ALEX
| $575K | ﹤0.01% |
15,978
-15,077
| -49% | -$598K |
|
2652
PUT
Colgate-Palmolive
CL
$72.5B
| $574K | ﹤0.01% |
+8,800
| New | +$580K |
|
|
ACGN
2653
CALL
DELISTED
Aceragen Inc
ACGN
| $573K | ﹤0.01% |
1,840
| – | – |
|
|
RNDY
2654
DELISTED
ROUNDYS INC COM STK
RNDY
| $570K | ﹤0.01% |
190,611
+180,511
| +1,787% | +$736K |
|
2655
UGI
UGI
$8.2B
| $569K | ﹤0.01% |
16,703
-72,753
| -81% | -$2.47M |
|
2656
Ubiquiti
UI
$35.8B
| $569K | ﹤0.01% |
15,169
+10,143
| +202% | +$431K |
|
|
HTB
2657
HomeTrust Bancshares
HTB
$769M
| $566K | ﹤0.01% |
38,707
+19,462
| +101% | +$295K |
|
2658
CALL
Costco
COST
$415B
| $564K | ﹤0.01% |
4,500
+2,600
| +137% | +$314K |
|
2659
Kopin
KOPN
$898M
| $564K | ﹤0.01% |
+165,776
| New | +$596K |
|
2660
Globant
GLOB
$1.73B
| $563K | ﹤0.01% |
+40,037
| New | +$499K |
|
2661
Coca-Cola Consolidated
COKE
$13B
| $562K | ﹤0.01% |
75,250
-24,200
| -24% | -$179K |
|
2662
LivePerson
LPSN
$34.5M
| $562K | ﹤0.01% |
2,973
-6,334
| -68% | -$1.12M |
|
|
RAX
2663
DELISTED
Rackspace Hosting Inc
RAX
| $560K | ﹤0.01% |
17,194
-1,110,460
| -98% | -$36.9M |
|
|
KBIO
2664
DELISTED
KALOBIOS PHARMACEUTICALS INC COM STK NEW (DE)
KBIO
| $560K | ﹤0.01% |
45,122
+1,097
| +2% | +$15.1K |
|
2665
Shenandoah Telecom
SHEN
$673M
| $559K | ﹤0.01% |
45,082
+24,644
| +121% | +$346K |
|
2666
CALL
Gartner
IT
$12.4B
| $558K | ﹤0.01% |
+7,600
| New | +$552K |
|
2667
Travelzoo
TZOO
$68M
| $557K | ﹤0.01% |
35,924
+19,082
| +113% | +$330K |
|
|
EFC
2668
Ellington Financial
EFC
$1.75B
| $556K | ﹤0.01% |
+25,000
| New | +$594K |
|
2669
Quantum Corp
QMCO
$927M
| $554K | ﹤0.01% |
2,985
-216
| -7% | -$42.9K |
|
|
MDSO
2670
CALL
DELISTED
Medidata Solutions, Inc.
MDSO
| $554K | ﹤0.01% |
+12,500
| New | +$554K |
|
|
SHOS
2671
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $554K | ﹤0.01% |
+35,743
| New | +$673K |
|
2672
Zurn Elkay Water Solutions
ZWS
$8.05B
| $548K | ﹤0.01% |
40,019
-1,208,396
| -97% | -$16.6M |
|
|
NXH
2673
Neighborhood Intelligence Inc
NXH
$377M
| $546K | ﹤0.01% |
+43,096
| New | +$544K |
|
|
KMI.WS
2674
DELISTED
Kinder Morgan Inc
KMI.WS
| $546K | ﹤0.01% |
150,085
| – | – |
|
2675
PUT
Abercrombie & Fitch
ANF
$6.48B
| $545K | ﹤0.01% |
15,000
+8,500
| +131% | +$346K |
|
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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.