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 | |
|---|---|---|---|---|---|---|
|
RAS
2726
DELISTED
RAIT Financial Trust
RAS
| $723K | ﹤0.01% |
94,322
+69,304
| +277% | +$511K |
|
|
TPC
2727
Tutor Perini Cor
TPC
$4.65B
| $721K | ﹤0.01% |
29,966
-32,901
| -52% | -$823K |
|
|
ALTR
2728
DELISTED
Altera Corp
ALTR
| $720K | ﹤0.01% |
+19,478
| New | +$689K |
|
|
RDS.A
2729
CALL
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $719K | ﹤0.01% |
+13,918
| New | +$899K |
|
2730
CALL
Salesforce
CRM
$168B
| $718K | ﹤0.01% |
12,100
+7,200
| +147% | +$425K |
|
2731
CALL
Weyerhaeuser
WY
$17.4B
| $718K | ﹤0.01% |
20,000
| – | – |
|
|
EPIQ
2732
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $718K | ﹤0.01% |
42,042
+1,522
| +4% | +$25.8K |
|
|
MCRL
2733
DELISTED
MICREL INC
MCRL
| $717K | ﹤0.01% |
49,418
-63,737
| -56% | -$806K |
|
|
LADR
2734
Ladder Capital
LADR
$1.25B
| $715K | ﹤0.01% |
+45,411
| New | +$698K |
|
2735
CALL
Toyota
TM
$227B
| $715K | ﹤0.01% |
+5,700
| New | +$685K |
|
2736
Weis Markets
WMK
$1.75B
| $715K | ﹤0.01% |
14,946
+1,015
| +7% | +$44.4K |
|
|
BGG
2737
DELISTED
Briggs & Stratton Corp.
BGG
| $715K | ﹤0.01% |
35,018
-402,702
| -92% | -$7.91M |
|
2738
CALL
Trinity Industries
TRN
$2.35B
| $714K | ﹤0.01% |
+35,420
| New | +$854K |
|
|
PGN
2739
DELISTED
PARAGON OFFSHORE PLC (GBR)
PGN
| $712K | ﹤0.01% |
257,156
-285,886
| -53% | -$1.26M |
|
|
APOL
2740
DELISTED
Apollo Education Group Inc Class A
APOL
| $706K | ﹤0.01% |
20,701
-268,300
| -93% | -$7.91M |
|
2741
PUT
Dollar Tree
DLTR
$25.4B
| $704K | ﹤0.01% |
10,000
-9,600
| -49% | -$605K |
|
|
CEO
2742
CALL
DELISTED
CNOOC Limited
CEO
| $704K | ﹤0.01% |
+5,200
| New | +$779K |
|
2743
KLA
KLAC
$240B
| $703K | ﹤0.01% |
+100,000
| New | +$738K |
|
2744
PUT
The Mosaic Company
MOS
$7.68B
| $703K | ﹤0.01% |
15,400
-4,500
| -23% | -$199K |
|
2745
Northern Oil and Gas
NOG
$2.77B
| $703K | ﹤0.01% |
+12,441
| New | +$1.19M |
|
2746
PUT
Sensata Technologies
ST
$6.2B
| $702K | ﹤0.01% |
13,400
+6,500
| +94% | +$315K |
|
2747
PUT
Tapestry
TPR
$26B
| $702K | ﹤0.01% |
18,700
| – | – |
|
|
RYL
2748
CALL
DELISTED
RYLAND GROUP INC
RYL
| $702K | ﹤0.01% |
+18,200
| New | +$661K |
|
2749
Perdoceo Education
PRDO
$2.09B
| $698K | ﹤0.01% |
+100,286
| New | +$576K |
|
2750
Copa Holdings
CPA
$5.99B
| $697K | ﹤0.01% |
+6,724
| New | +$715K |
|
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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.