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 |
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$294M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$293M |
| 3 |
WLL
Whiting Petroleum Corporation
WLL
|
+$213M |
| 4 |
Xcel Energy
XEL
|
+$178M |
| 5 |
McDonald's
MCD
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHI
Baker Hughes
BHI
|
+$255M |
| 2 |
Exelon
EXC
|
+$209M |
| 3 |
AbbVie
ABBV
|
+$199M |
| 4 |
CenterPoint Energy
CNP
|
+$130M |
| 5 |
American Electric Power
AEP
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.56% |
| 2 | Energy | 13.05% |
| 3 | Financials | 9.97% |
| 4 | Industrials | 8.17% |
| 5 | Consumer Discretionary | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MDVN
251
DELISTED
MEDIVATION, INC.
MDVN
| $47.9M | 0.1% |
962,262
-151,614
| -14% | -$7.88M |
|
252
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $47.9M | 0.1% |
566,882
+45,150
| +9% | +$3.82M |
|
|
GGP
253
DELISTED
GGP Inc.
GGP
| $47.8M | 0.1% |
1,701,003
+1,208,819
| +246% | +$31.4M |
|
254
Darden Restaurants
DRI
$25.2B
| $47.8M | 0.1% |
912,463
-1,678
| -0.2% | -$81.3K |
|
255
GE Aerospace
GE
$361B
| $47.8M | 0.1% |
394,679
+352,639
| +839% | +$43.4M |
|
256
Archer Daniels Midland
ADM
$38.7B
| $47.8M | 0.1% |
918,671
+744,467
| +427% | +$37.1M |
|
|
AVP
257
DELISTED
Avon Products, Inc.
AVP
| $47.6M | 0.1% |
5,065,560
+3,439,453
| +212% | +$35.6M |
|
258
Dollar General
DG
$27.2B
| $47.3M | 0.1% |
669,615
-1,061,843
| -61% | -$69.1M |
|
|
DRE
259
DELISTED
Duke Realty Corp.
DRE
| $47.3M | 0.1% |
2,340,293
-868,358
| -27% | -$16.5M |
|
|
WW
260
DELISTED
WW International
WW
| $47.1M | 0.1% |
1,894,768
+1,835,817
| +3,114% | +$49.3M |
|
261
Delta Air Lines
DAL
$54.2B
| $46.9M | 0.1% |
952,487
+168,707
| +22% | +$7.1M |
|
262
Newmont
NEM
$139B
| $46.4M | 0.1% |
2,452,382
+1,575,509
| +180% | +$31.7M |
|
263
Liberty Global Class A
LBTYA
$3.63B
| $46.2M | 0.1% |
1,116,141
-157,833
| -12% | -$6.05M |
|
264
Lumen
LUMN
$6.13B
| $46M | 0.1% |
1,161,893
+893,880
| +334% | +$35.8M |
|
265
Trane Technologies
TT
$99.8B
| $45.9M | 0.1% |
724,059
+142,955
| +25% | +$8.73M |
|
266
Air Products & Chemicals
APD
$67.9B
| $45.8M | 0.1% |
343,292
-12,313
| -3% | -$1.56M |
|
267
Eagle Materials
EXP
$6.35B
| $45.6M | 0.1% |
599,385
+581,730
| +3,295% | +$49.2M |
|
268
ITT
ITT
$18.6B
| $45.2M | 0.1% |
1,116,000
+458,170
| +70% | +$19.1M |
|
269
Expro Ltd
XPRO
$2.05B
| $45.1M | 0.1% |
452,201
+435,885
| +2,672% | +$46.3M |
|
270
Royal Bank of Canada
RY
$285B
| $45.1M | 0.1% |
652,536
+60,835
| +10% | +$4.3M |
|
|
ODP
271
DELISTED
ODP
ODP
| $44.9M | 0.1% |
523,573
+225,016
| +75% | +$14.3M |
|
272
CALL
APA Corp
APA
$15.2B
| $44.9M | 0.1% |
+716,200
| New | +$51M |
|
273
Ecolab
ECL
$78.9B
| $44.5M | 0.09% |
426,076
+422,890
| +13,273% | +$46.3M |
|
274
Reliance Steel & Aluminium
RS
$19.8B
| $44.4M | 0.09% |
724,550
+388,257
| +115% | +$24.6M |
|
|
SLH
275
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $44.2M | 0.09% |
863,528
+275,138
| +47% | +$14.4M |
|
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Israel Englander's Q4 2014 Portfolio in Review
As of Q4 2014, Israel Englander held 4,655 positions worth $47.2B, up 19% from $39.5B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Israel Englander deployed $7.43B of net new capital in Q4 2014, opening 1,009 new positions and adding to 1,528 existing holdings. Its largest new stake was Coca-Cola: 2,223,712 shares worth $93.9M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Baker Hughes, an estimated $255M trimmed.
- Israel Englander's largest Q4 2014 buy was Coca-Cola: 2,223,712 shares worth $93.9M.
- Israel Englander added most to CAMERON INTERNATIONAL CORPORATION in Q4 2014, an estimated $294M increase.
- Israel Englander's biggest Q4 2014 reduction was Baker Hughes, cutting an estimated $255M.
- Israel Englander fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q4 2014, selling an estimated $69M.
- Israel Englander's ten largest holdings make up 9.1% of its $47.2B portfolio in Q4 2014.
- Israel Englander opened 1,009 new positions and closed 792 in Q4 2014.
- Israel Englander's portfolio value rose 19% quarter-over-quarter to $47.2B.
Based on Millennium Management's 13F filing for Q4 2014, filed 17 Feb 2015.