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 | |
|---|---|---|---|---|---|---|
251
PUT
Cleveland-Cliffs
CLF
$6.43B
| $35.9M | 0.09% |
3,458,200
+754,800
| +28% | +$11.5M |
|
|
CVA
252
DELISTED
Covanta Holding Corporation
CVA
| $35.8M | 0.09% |
1,688,613
+35,636
| +2% | +$743K |
|
|
CTRX
253
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $35.8M | 0.09% |
849,143
-142,020
| -14% | -$6.46M |
|
254
CALL
F5
FFIV
$21.8B
| $35.7M | 0.09% |
+300,900
| New | +$35.3M |
|
255
Palo Alto Networks
PANW
$292B
| $35.7M | 0.09% |
2,183,166
-153,258
| -7% | -$2.2M |
|
|
SWFT
256
DELISTED
Swift Transportation Company
SWFT
| $35.7M | 0.09% |
1,701,273
+1,107,823
| +187% | +$24.3M |
|
257
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $35.6M | 0.09% |
+142,757
| New | +$36.6M |
|
258
Abercrombie & Fitch
ANF
$4.84B
| $35.5M | 0.09% |
975,664
+628,040
| +181% | +$25.6M |
|
|
TYC
259
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $35.4M | 0.09% |
758,851
+182,797
| +32% | +$8.51M |
|
|
CVD
260
DELISTED
COVANCE INC.
CVD
| $35M | 0.09% |
445,099
+310,248
| +230% | +$26.4M |
|
|
WDR
261
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $34.8M | 0.09% |
673,409
+57,673
| +9% | +$3.21M |
|
262
Crown Castle
CCI
$32.1B
| $34.7M | 0.09% |
431,196
+38,566
| +10% | +$2.98M |
|
263
Novartis
NVS
$302B
| $34.7M | 0.09% |
411,083
+348,050
| +552% | +$28.2M |
|
264
APA Corp
APA
$15.2B
| $34.7M | 0.09% |
369,251
+137,737
| +59% | +$13.6M |
|
265
CALL
NetApp
NTAP
$37.7B
| $34.6M | 0.09% |
805,600
+42,400
| +6% | +$1.7M |
|
|
TWTC
266
DELISTED
TW TELECOM INC CL A COM
TWTC
| $34.4M | 0.09% |
826,622
-144,823
| -15% | -$5.89M |
|
267
Molina Healthcare
MOH
$10.5B
| $34.3M | 0.09% |
811,643
+108,051
| +15% | +$4.78M |
|
268
EQT Corp
EQT
$33.6B
| $34.3M | 0.09% |
688,449
+368,102
| +115% | +$19.5M |
|
269
Bank of Montreal
BMO
$122B
| $34.2M | 0.09% |
464,993
+128,560
| +38% | +$9.67M |
|
|
EPB
270
CALL
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
| $34.2M | 0.09% |
851,300
-627,100
| -42% | -$24M |
|
|
JNPR
271
DELISTED
Juniper Networks
JNPR
| $34.1M | 0.09% |
1,539,845
+685,336
| +80% | +$16.1M |
|
|
SGY
272
DELISTED
Stone Energy
SGY
| $34M | 0.09% |
19,084
-13,418
| -41% | -$27.6M |
|
273
Aflac
AFL
$58.2B
| $34M | 0.09% |
1,166,746
+339,216
| +41% | +$10.3M |
|
|
GNC
274
DELISTED
GNC Holdings, Inc.
GNC
| $33.9M | 0.09% |
874,202
+654,524
| +298% | +$23.8M |
|
275
Trip.com Group
TCOM
$29B
| $33.7M | 0.09% |
1,188,162
+498,774
| +72% | +$15.8M |
|
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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.