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 | |
|---|---|---|---|---|---|---|
3001
CALL
United Rentals
URI
$65.6B
| $333K | ﹤0.01% |
+3,000
| New | +$337K |
|
3002
PUT
McDonald's
MCD
$190B
| $332K | ﹤0.01% |
+3,500
| New | +$334K |
|
|
UCTT
3003
Ultra Clean Holdings
UCTT
$3.32B
| $331K | ﹤0.01% |
36,948
-64,504
| -64% | -$601K |
|
3004
PUT
Verizon
VZ
$209B
| $330K | ﹤0.01% |
6,600
-400
| -6% | -$19.9K |
|
|
COL
3005
PUT
DELISTED
Rockwell Collins
COL
| $330K | ﹤0.01% |
4,200
-1,500
| -26% | -$115K |
|
|
MENT
3006
PUT
DELISTED
Mentor Graphics Corp
MENT
| $330K | ﹤0.01% |
+16,100
| New | +$344K |
|
|
IMN
3007
DELISTED
Imation
IMN
| $330K | ﹤0.01% |
111,960
+596
| +0.5% | +$1.9K |
|
3008
AMN Healthcare
AMN
$1.31B
| $329K | ﹤0.01% |
20,955
-12,872
| -38% | -$183K |
|
3009
CALL
Petrobras
PBR
$115B
| $329K | ﹤0.01% |
23,200
-37,900
| -62% | -$634K |
|
|
WCC
3010
CALL
WESCO International
WCC
$16.5B
| $329K | ﹤0.01% |
+4,200
| New | +$347K |
|
|
CLR
3011
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $329K | ﹤0.01% |
+4,942
| New | +$368K |
|
3012
VanEck High Yield Muni ETF
HYD
$4.36B
| $328K | ﹤0.01% |
+5,331
| New | +$322K |
|
3013
iShares US Energy ETF
IYE
$1.81B
| $328K | ﹤0.01% |
+6,358
| New | +$350K |
|
|
MDSO
3014
PUT
DELISTED
Medidata Solutions, Inc.
MDSO
| $328K | ﹤0.01% |
7,400
-16,700
| -69% | -$740K |
|
|
SZYM
3015
DELISTED
SOLAZYME INC COM STK (DE)
SZYM
| $328K | ﹤0.01% |
+43,941
| New | +$410K |
|
3016
PUT
Edwards Lifesciences
EW
$52.4B
| $327K | ﹤0.01% |
+19,200
| New | +$303K |
|
3017
CALL
W.W. Grainger
GWW
$61.3B
| $327K | ﹤0.01% |
1,300
+400
| +44% | +$98.1K |
|
3018
PUT
Pentair
PNR
$9.97B
| $327K | ﹤0.01% |
+7,445
| New | +$344K |
|
|
AIQ
3019
DELISTED
Alliance Healthcare Services
AIQ
| $327K | ﹤0.01% |
14,452
+4,599
| +47% | +$127K |
|
3020
Aemetis
AMTX
$138M
| $326K | ﹤0.01% |
+37,552
| New | +$370K |
|
|
K
3021
PUT
DELISTED
Kellanova
K
| $326K | ﹤0.01% |
+5,645
| New | +$341K |
|
3022
PUT
LyondellBasell Industries
LYB
$20.2B
| $326K | ﹤0.01% |
+3,000
| New | +$324K |
|
3023
Nomura Holdings
NMR
$29B
| $326K | ﹤0.01% |
+55,184
| New | +$355K |
|
|
ATSG
3024
DELISTED
Air Transport Services Group
ATSG
| $326K | ﹤0.01% |
44,800
+16,484
| +58% | +$135K |
|
|
OKSB
3025
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $326K | ﹤0.01% |
19,850
+3,091
| +18% | +$50.2K |
|
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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.