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 | |
|---|---|---|---|---|---|---|
276
Prologis
PLD
$135B
| $33.7M | 0.09% |
894,247
+754,886
| +542% | +$30.6M |
|
277
Nucor
NUE
$55.3B
| $33.7M | 0.09% |
621,032
+357,879
| +136% | +$18.9M |
|
278
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $33.7M | 0.09% |
300,000
-237,500
| -44% | -$22.6M |
|
|
OCR
279
DELISTED
OMNICARE INC
OCR
| $33.7M | 0.09% |
540,798
-86,232
| -14% | -$5.48M |
|
|
ALXN
280
DELISTED
Alexion Pharmaceuticals
ALXN
| $33.5M | 0.08% |
202,166
-725,534
| -78% | -$119M |
|
|
SLH
281
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $33.2M | 0.08% |
588,390
+209,580
| +55% | +$13.3M |
|
|
PAY
282
DELISTED
Verifone Systems Inc
PAY
| $33.1M | 0.08% |
963,930
+590,053
| +158% | +$20.8M |
|
283
Ryder
R
$9.58B
| $33.1M | 0.08% |
367,797
+70,935
| +24% | +$6.36M |
|
|
DYAX
284
DELISTED
DYAX CORPORATION
DYAX
| $33M | 0.08% |
3,263,401
+83,839
| +3% | +$812K |
|
|
MHR
285
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $32.9M | 0.08% |
5,911,275
-868,327
| -13% | -$5.75M |
|
286
GSK
GSK
$105B
| $32.9M | 0.08% |
572,119
+167,627
| +41% | +$10.3M |
|
|
DRC
287
DELISTED
DRESSER-RAND GROUP INC
DRC
| $32.8M | 0.08% |
+398,854
| New | +$26.8M |
|
|
SFR
288
DELISTED
Starwood Waypoint Homes
SFR
| $32.8M | 0.08% |
1,259,354
+135,784
| +12% | +$3.62M |
|
289
Trane Technologies
TT
$99.8B
| $32.8M | 0.08% |
581,104
+490,842
| +544% | +$29.7M |
|
|
HR
290
DELISTED
Healthcare Realty Trust Incorporated
HR
| $32.7M | 0.08% |
1,382,267
+183,028
| +15% | +$4.53M |
|
|
CHK
291
DELISTED
Chesapeake Energy Corporation
CHK
| $32.7M | 0.08% |
7,118
+161
| +2% | +$848K |
|
292
Suncor Energy
SU
$80B
| $32.6M | 0.08% |
901,010
+422,563
| +88% | +$17M |
|
293
Evercore
EVR
$11.2B
| $32.5M | 0.08% |
692,302
+345,738
| +100% | +$17.9M |
|
|
ASRT
294
DELISTED
Assertio
ASRT
| $32.5M | 0.08% |
35,657
+17,979
| +102% | +$14.4M |
|
|
CNQR
295
CALL
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $32.1M | 0.08% |
+253,500
| New | +$25.7M |
|
296
Carnival Corporation Ltd
CCL
$35.2B
| $32.1M | 0.08% |
798,248
+778,101
| +3,862% | +$29.5M |
|
|
AVB
297
DELISTED
AvalonBay Communities
AVB
| $31.9M | 0.08% |
226,312
-15,550
| -6% | -$2.31M |
|
|
BWLD
298
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $31.8M | 0.08% |
236,699
+232,855
| +6,058% | +$34.4M |
|
|
WBS
299
DELISTED
Webster Financial
WBS
| $31.6M | 0.08% |
1,083,891
-99,303
| -8% | -$2.95M |
|
300
Viatris
VTRS
$18.7B
| $31.6M | 0.08% |
694,177
-576,664
| -45% | -$28M |
|
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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.