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 | |
|---|---|---|---|---|---|---|
2926
Harmonic Inc
HLIT
$1.34B
| $364K | ﹤0.01% |
57,458
-149,662
| -72% | -$969K |
|
2927
CALL
Lamar Advertising Co
LAMR
$15.5B
| $364K | ﹤0.01% |
7,400
-14,400
| -66% | -$742K |
|
2928
Rogers Communications
RCI
$19.8B
| $364K | ﹤0.01% |
9,731
-18,063
| -65% | -$716K |
|
|
HRC
2929
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $364K | ﹤0.01% |
8,793
-39,147
| -82% | -$1.64M |
|
2930
PUT
Align Technology
ALGN
$11.3B
| $362K | ﹤0.01% |
+7,000
| New | +$381K |
|
2931
CALL
Halliburton
HAL
$27.6B
| $361K | ﹤0.01% |
+5,600
| New | +$384K |
|
|
MRO
2932
CALL
DELISTED
Marathon Oil Corporation
MRO
| $361K | ﹤0.01% |
9,600
-152,800
| -94% | -$6.06M |
|
2933
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $360K | ﹤0.01% |
3,192
-575
| -15% | -$65.9K |
|
2934
PUT
Western Digital
WDC
$167B
| $360K | ﹤0.01% |
+4,895
| New | +$368K |
|
|
DTLK
2935
DELISTED
Datalink Corp
DTLK
| $360K | ﹤0.01% |
+33,855
| New | +$380K |
|
|
AD
2936
Array Digital Infrastructure
AD
$3.08B
| $359K | ﹤0.01% |
+10,121
| New | +$385K |
|
|
HES
2937
CALL
DELISTED
Hess
HES
| $358K | ﹤0.01% |
+3,800
| New | +$376K |
|
2938
CALL
Novartis
NVS
$302B
| $358K | ﹤0.01% |
4,241
-558
| -12% | -$45.1K |
|
|
CIT
2939
CALL
DELISTED
CIT Group Inc.
CIT
| $358K | ﹤0.01% |
+7,800
| New | +$369K |
|
2940
St. Joe Company
JOE
$3.95B
| $357K | ﹤0.01% |
17,899
-227,384
| -93% | -$5.1M |
|
2941
PennantPark Floating Rate Capital
PFLT
$737M
| $357K | ﹤0.01% |
25,924
-26,622
| -51% | -$375K |
|
|
APOL
2942
CALL
DELISTED
Apollo Education Group Inc Class A
APOL
| $357K | ﹤0.01% |
+14,200
| New | +$395K |
|
2943
CALL
Johnson & Johnson
JNJ
$657B
| $356K | ﹤0.01% |
3,500
-2,900
| -45% | -$301K |
|
2944
CALL
FedEx
FDX
$78.3B
| $355K | ﹤0.01% |
2,200
-2,100
| -49% | -$319K |
|
2945
KNOT Offshore Partners
KNOP
$369M
| $355K | ﹤0.01% |
+14,200
| New | +$387K |
|
2946
Silicom
SILC
$250M
| $355K | ﹤0.01% |
12,169
-4,404
| -27% | -$137K |
|
|
WPRT
2947
Westport Fuel Systems
WPRT
$35M
| $355K | ﹤0.01% |
+3,376
| New | +$507K |
|
|
OB
2948
DELISTED
Onebeacon Insurance Group Ltd
OB
| $353K | ﹤0.01% |
22,885
-53,779
| -70% | -$845K |
|
2949
iShares US Technology ETF
IYW
$24.8B
| $352K | ﹤0.01% |
+13,960
| New | +$349K |
|
|
FPO
2950
DELISTED
First Potomac Realty Trust
FPO
| $352K | ﹤0.01% |
29,945
-96,494
| -76% | -$1.25M |
|
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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.