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 | |
|---|---|---|---|---|---|---|
3126
CALL
Broadcom
AVGO
$1.7T
| $278K | ﹤0.01% |
+32,000
| New | +$250K |
|
3127
CALL
Capital One
COF
$133B
| $278K | ﹤0.01% |
3,400
-17,400
| -84% | -$1.42M |
|
3128
CALL
Clearway Energy Class C
CWEN
$6.67B
| $278K | ﹤0.01% |
+11,800
| New | +$307K |
|
3129
PUT
DaVita
DVA
$11.3B
| $278K | ﹤0.01% |
+3,800
| New | +$278K |
|
|
TEF
3130
DELISTED
Telefonica
TEF
| $278K | ﹤0.01% |
24,674
| – | – |
|
|
SGBK
3131
DELISTED
Stonegate Bank
SGBK
| $278K | ﹤0.01% |
+10,777
| New | +$274K |
|
|
SHYF
3132
DELISTED
The Shyft Group
SHYF
| $276K | ﹤0.01% |
58,995
-85,295
| -59% | -$417K |
|
|
CVO
3133
DELISTED
Cenevo, Inc.
CVO
| $276K | ﹤0.01% |
13,958
-4,060
| -23% | -$104K |
|
|
WBMD
3134
CALL
DELISTED
WebMD Health Corp.
WBMD
| $276K | ﹤0.01% |
+6,600
| New | +$319K |
|
3135
BBVA Argentina
BBAR
$3.02B
| $275K | ﹤0.01% |
21,275
+10,745
| +102% | +$131K |
|
|
CPRX
3136
DELISTED
Catalyst Pharmaceutical
CPRX
| $275K | ﹤0.01% |
+82,770
| New | +$216K |
|
3137
CALL
RTX Corp
RTX
$283B
| $275K | ﹤0.01% |
4,131
-21,770
| -84% | -$1.49M |
|
|
3138
PUT
RTX Corp
RTX
$283B
| $275K | ﹤0.01% |
+4,131
| New | +$283K |
|
|
FULL
3139
DELISTED
Full Circle Capital Corporation
FULL
| $275K | ﹤0.01% |
42,989
-11,636
| -21% | -$85.3K |
|
3140
Direxion Daily Energy Bull 2X ETF
ERX
$252M
| $274K | ﹤0.01% |
+285
| New | +$334K |
|
3141
Malibu Boats
MBUU
$559M
| $274K | ﹤0.01% |
+14,785
| New | +$292K |
|
|
NNA
3142
DELISTED
Navios Maritime Acquisition Corporation
NNA
| $274K | ﹤0.01% |
6,744
-15,734
| -70% | -$788K |
|
|
LTXB
3143
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $274K | ﹤0.01% |
+11,446
| New | +$294K |
|
3144
Addus HomeCare
ADUS
$2.26B
| $273K | ﹤0.01% |
+13,937
| New | +$302K |
|
3145
CALL
CNX Resources
CNX
$5.33B
| $273K | ﹤0.01% |
+8,640
| New | +$289K |
|
3146
CALL
Itaú Unibanco
ITUB
$84.4B
| $273K | ﹤0.01% |
+49,140
| New | +$313K |
|
3147
Perion Network
PERI
$385M
| $273K | ﹤0.01% |
16,376
+4,013
| +32% | +$91.7K |
|
3148
CALL
Williams-Sonoma
WSM
$27.6B
| $273K | ﹤0.01% |
+8,200
| New | +$284K |
|
|
HEP
3149
DELISTED
Holly Energy Partners, L.P.
HEP
| $273K | ﹤0.01% |
+7,500
| New | +$262K |
|
|
ATCO
3150
DELISTED
Atlas Corp.
ATCO
| $273K | ﹤0.01% |
12,702
-221,109
| -95% | -$5.07M |
|
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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.