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 | |
|---|---|---|---|---|---|---|
|
ALX
2976
Alexander's
ALX
$1.38B
| $340K | ﹤0.01% |
908
-71
| -7% | -$27.3K |
|
2977
CALL
Autoliv
ALV
$9.08B
| $340K | ﹤0.01% |
+5,136
| New | +$377K |
|
2978
PUT
Amphenol
APH
$196B
| $340K | ﹤0.01% |
+27,200
| New | +$341K |
|
2979
ProShares Ultra Financials
UYG
$853M
| $340K | ﹤0.01% |
+15,840
| New | +$340K |
|
2980
PUT
Salesforce
CRM
$168B
| $339K | ﹤0.01% |
5,900
+1,800
| +44% | +$101K |
|
2981
PUT
FedEx
FDX
$79B
| $339K | ﹤0.01% |
2,100
-4,000
| -66% | -$608K |
|
2982
Ingles Markets
IMKTA
$1.61B
| $339K | ﹤0.01% |
14,296
-11,479
| -45% | -$291K |
|
2983
J&J Snack Foods
JJSF
$1.67B
| $339K | ﹤0.01% |
+3,620
| New | +$341K |
|
2984
CALL
Stryker
SYK
$127B
| $339K | ﹤0.01% |
+4,200
| New | +$346K |
|
2985
Vanguard Information Technology ETF
VGT
$144B
| $339K | ﹤0.01% |
+27,112
| New | +$337K |
|
|
PKD
2986
DELISTED
Parker Drilling Company
PKD
| $339K | ﹤0.01% |
4,574
-18,657
| -80% | -$1.72M |
|
2987
PUT
CenterPoint Energy
CNP
$25.6B
| $338K | ﹤0.01% |
+13,800
| New | +$339K |
|
2988
PUT
J.M. Smucker
SJM
$13.4B
| $337K | ﹤0.01% |
3,400
-3,600
| -51% | -$369K |
|
|
STJ
2989
CALL
DELISTED
St Jude Medical
STJ
| $337K | ﹤0.01% |
5,600
+1,300
| +30% | +$84.9K |
|
2990
Eagle Bancorp
EGBN
$844M
| $336K | ﹤0.01% |
10,569
-27,905
| -73% | -$932K |
|
2991
NWPX Infrastructure Inc
NWPX
$1.07B
| $336K | ﹤0.01% |
+9,856
| New | +$362K |
|
2992
Emergent Biosolutions
EBS
$289M
| $335K | ﹤0.01% |
15,700
+6,384
| +69% | +$146K |
|
|
2993
PUT
PepsiCo
PEP
$194B
| $335K | ﹤0.01% |
+3,600
| New | +$329K |
|
|
JBTM
2994
JBT Marel
JBTM
$6.12B
| $335K | ﹤0.01% |
11,904
-12,421
| -51% | -$357K |
|
|
ALU
2995
DELISTED
Alcatel-Lucent
ALU
| $335K | ﹤0.01% |
110,430
-1,471,050
| -93% | -$5.02M |
|
2996
PUT
Semtech
SMTC
$11.9B
| $334K | ﹤0.01% |
+12,300
| New | +$309K |
|
2997
Pilgrim's Pride
PPC
$7.72B
| $333K | ﹤0.01% |
10,906
+807
| +8% | +$24.4K |
|
2998
CALL
Ryder
R
$9.44B
| $333K | ﹤0.01% |
+3,700
| New | +$332K |
|
2999
Robert Half
RHI
$4.6B
| $333K | ﹤0.01% |
6,800
-83,400
| -92% | -$4.13M |
|
3000
Interface
TILE
$2.25B
| $333K | ﹤0.01% |
+20,654
| New | +$356K |
|
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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.