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 | |
|---|---|---|---|---|---|---|
2876
CALL
LyondellBasell Industries
LYB
$20.1B
| $391K | ﹤0.01% |
+3,600
| New | +$389K |
|
2877
Patrick Industries
PATK
$2.67B
| $391K | ﹤0.01% |
31,185
-63,426
| -67% | -$807K |
|
2878
CALL
VeriSign
VRSN
$26.6B
| $391K | ﹤0.01% |
+7,100
| New | +$383K |
|
|
IVAC
2879
DELISTED
Intevac Inc
IVAC
| $391K | ﹤0.01% |
+58,556
| New | +$407K |
|
2880
City Holding Co
CHCO
$2.04B
| $390K | ﹤0.01% |
+9,251
| New | +$397K |
|
2881
Eversource Energy
ES
$27B
| $390K | ﹤0.01% |
8,808
-2,060,884
| -100% | -$92.7M |
|
2882
Good Times Restaurants
GTIM
$15.9M
| $390K | ﹤0.01% |
+65,000
| New | +$266K |
|
2883
CALL
Union Pacific
UNP
$186B
| $390K | ﹤0.01% |
+3,600
| New | +$373K |
|
|
FGL
2884
DELISTED
Fidelity & Guaranty Life
FGL
| $390K | ﹤0.01% |
+18,260
| New | +$405K |
|
2885
CALL
Check Point Software Technologies
CHKP
$13.1B
| $388K | ﹤0.01% |
+5,600
| New | +$381K |
|
|
AENZ
2886
DELISTED
Aenza S.A.A.
AENZ
| $386K | ﹤0.01% |
8,563
-5,158
| -38% | -$260K |
|
|
CVSA
2887
PUT
Covista Inc
CVSA
$4.65B
| $385K | ﹤0.01% |
+9,000
| New | +$383K |
|
|
ELX
2888
DELISTED
EMULEX CORP
ELX
| $385K | ﹤0.01% |
78,032
-106,453
| -58% | -$576K |
|
2889
CALL
Delek US
DK
$4.23B
| $384K | ﹤0.01% |
+11,600
| New | +$370K |
|
2890
Geron
GERN
$977M
| $384K | ﹤0.01% |
191,883
-125,022
| -39% | -$308K |
|
2891
PUT
BHP
BHP
$244B
| $383K | ﹤0.01% |
+7,687
| New | +$447K |
|
2892
Burlington
BURL
$19.9B
| $383K | ﹤0.01% |
9,597
-29,556
| -75% | -$1.02M |
|
2893
McEwen Inc
MUX
$1.3B
| $382K | ﹤0.01% |
19,503
+12,282
| +170% | +$328K |
|
|
AVB
2894
CALL
DELISTED
AvalonBay Communities
AVB
| $381K | ﹤0.01% |
+2,700
| New | +$400K |
|
2895
PUT
Herc Holdings
HRI
$5.27B
| $381K | ﹤0.01% |
5,000
| – | – |
|
2896
CALL
Delta Air Lines
DAL
$55.2B
| $380K | ﹤0.01% |
+10,500
| New | +$401K |
|
2897
Quanex
NX
$909M
| $379K | ﹤0.01% |
20,932
-155,397
| -88% | -$2.78M |
|
2898
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.29B
| $379K | ﹤0.01% |
11,946
+142
| +1% | +$5.17K |
|
|
2899
PUT
Union Pacific
UNP
$186B
| $379K | ﹤0.01% |
+3,500
| New | +$362K |
|
|
MDCI
2900
DELISTED
MEDICAL ACTION INDS INC
MDCI
| $378K | ﹤0.01% |
27,418
-5,224
| -16% | -$72K |
|
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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.