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 | |
|---|---|---|---|---|---|---|
|
BNCL
3051
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $318K | ﹤0.01% |
+27,390
| New | +$333K |
|
3052
CALL
J.M. Smucker
SJM
$13.4B
| $317K | ﹤0.01% |
3,200
-3,100
| -49% | -$318K |
|
3053
AT&T
T
$177B
| $317K | ﹤0.01% |
11,927
-2,505
| -17% | -$66.6K |
|
3054
CALL
Citigroup
C
$224B
| $316K | ﹤0.01% |
6,100
-501,300
| -99% | -$25.2M |
|
3055
PUT
Burlington
BURL
$19.8B
| $315K | ﹤0.01% |
+7,900
| New | +$273K |
|
3056
CALL
DaVita
DVA
$11.3B
| $315K | ﹤0.01% |
+4,300
| New | +$315K |
|
|
RKT
3057
CALL
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $314K | ﹤0.01% |
6,600
+1,400
| +27% | +$69.5K |
|
3058
PUT
Oceaneering
OII
$4.97B
| $313K | ﹤0.01% |
+4,800
| New | +$332K |
|
|
N
3059
CALL
DELISTED
Netsuite Inc
N
| $313K | ﹤0.01% |
+3,500
| New | +$297K |
|
|
CIT
3060
PUT
DELISTED
CIT Group Inc.
CIT
| $313K | ﹤0.01% |
+6,800
| New | +$322K |
|
3061
Clorox
CLX
$12.7B
| $312K | ﹤0.01% |
3,247
-111,687
| -97% | -$10.1M |
|
|
AMJ
3062
DELISTED
JP Morgan Alerian MLP Index ETN 5/24/24
AMJ
| $312K | ﹤0.01% |
+5,875
| New | +$308K |
|
|
AMSG
3063
DELISTED
Amsurg Corp
AMSG
| $310K | ﹤0.01% |
6,200
-368,874
| -98% | -$18.4M |
|
3064
Enerpac Tool Group
EPAC
$1.91B
| $309K | ﹤0.01% |
10,131
-129,544
| -93% | -$4.28M |
|
3065
iShares Russell Mid-Cap Value ETF
IWS
$15.9B
| $308K | ﹤0.01% |
4,398
+1,194
| +37% | +$85.6K |
|
3066
CALL
Honeywell
HON
$68.4B
| $307K | ﹤0.01% |
+3,673
| New | +$312K |
|
3067
PUT
Sensata Technologies
ST
$6.14B
| $307K | ﹤0.01% |
+6,900
| New | +$327K |
|
|
BNCN
3068
DELISTED
BNC Bancorp
BNCN
| $305K | ﹤0.01% |
+19,472
| New | +$325K |
|
|
CTG
3069
DELISTED
Computer Task Group, Inc.
CTG
| $304K | ﹤0.01% |
+27,376
| New | +$375K |
|
3070
PUT
Capital One
COF
$133B
| $302K | ﹤0.01% |
3,700
-19,500
| -84% | -$1.59M |
|
3071
iShares Russell Mid-Cap ETF
IWR
$57.4B
| $302K | ﹤0.01% |
+7,636
| New | +$308K |
|
|
LABL
3072
DELISTED
Multi-Color Corp
LABL
| $302K | ﹤0.01% |
+6,644
| New | +$288K |
|
3073
Erie Indemnity
ERIE
$13.5B
| $301K | ﹤0.01% |
3,967
-12,421
| -76% | -$936K |
|
|
GTY
3074
Getty Realty Corp
GTY
$2.08B
| $301K | ﹤0.01% |
17,929
-1,629
| -8% | -$29.7K |
|
|
CONN
3075
DELISTED
Conn's Inc.
CONN
| $301K | ﹤0.01% |
+9,941
| New | +$387K |
|
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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.