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 | |
|---|---|---|---|---|---|---|
|
CB
3151
CALL
DELISTED
CHUBB CORPORATION
CB
| $273K | ﹤0.01% |
3,000
+800
| +36% | +$72.9K |
|
3152
Adtran
ADTN
$653M
| $272K | ﹤0.01% |
+13,244
| New | +$296K |
|
3153
Credit Acceptance
CACC
$6.27B
| $272K | ﹤0.01% |
+2,157
| New | +$264K |
|
3154
CALL
Expedia Group
EXPE
$40.6B
| $272K | ﹤0.01% |
+3,100
| New | +$260K |
|
3155
Enpro
NPO
$6.42B
| $272K | ﹤0.01% |
4,500
-54,329
| -92% | -$3.7M |
|
3156
CALL
RPC Inc
RES
$1.36B
| $272K | ﹤0.01% |
+12,400
| New | +$278K |
|
3157
Waterstone Financial
WSBF
$378M
| $272K | ﹤0.01% |
+23,533
| New | +$269K |
|
|
MWV
3158
PUT
DELISTED
MEADWESTVACO CORP
MWV
| $270K | ﹤0.01% |
+6,600
| New | +$282K |
|
3159
Fortress Biotech
FBIO
$94.4M
| $269K | ﹤0.01% |
8,542
-2,827
| -25% | -$75.1K |
|
3160
CALL
Viatris
VTRS
$19.2B
| $268K | ﹤0.01% |
+5,900
| New | +$287K |
|
|
EZCH
3161
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $268K | ﹤0.01% |
11,097
-23,600
| -68% | -$601K |
|
3162
CALL
Burlington
BURL
$19.8B
| $267K | ﹤0.01% |
+6,700
| New | +$231K |
|
3163
CALL
Chipotle Mexican Grill
CMG
$47.4B
| $267K | ﹤0.01% |
+20,000
| New | +$262K |
|
|
3164
PUT
Chipotle Mexican Grill
CMG
$47.4B
| $267K | ﹤0.01% |
+20,000
| New | +$262K |
|
3165
First Solar
FSLR
$22.2B
| $267K | ﹤0.01% |
+4,050
| New | +$274K |
|
|
ENDP
3166
CALL
DELISTED
Endo International plc
ENDP
| $267K | ﹤0.01% |
3,900
-8,000
| -67% | -$527K |
|
3167
Arbutus Biopharma
ABUS
$1.03B
| $266K | ﹤0.01% |
12,600
-130,226
| -91% | -$2.13M |
|
3168
Consumer Portfolio Services
CPSS
$200M
| $266K | ﹤0.01% |
41,518
-391,075
| -90% | -$2.82M |
|
3169
PUT
Danaher
DHR
$152B
| $266K | ﹤0.01% |
+5,207
| New | +$268K |
|
3170
PUT
Motorola Solutions
MSI
$80.3B
| $266K | ﹤0.01% |
+4,200
| New | +$264K |
|
|
OLP
3171
One Liberty Properties
OLP
$538M
| $266K | ﹤0.01% |
13,136
+2,596
| +25% | +$55.1K |
|
|
WX
3172
PUT
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $266K | ﹤0.01% |
+7,600
| New | +$261K |
|
3173
Goldgroup Mining
GORO
$292M
| $265K | ﹤0.01% |
51,786
+21,855
| +73% | +$120K |
|
3174
PUT
Johnson & Johnson
JNJ
$658B
| $265K | ﹤0.01% |
2,600
-6,000
| -70% | -$622K |
|
3175
CALL
JPMorgan Chase
JPM
$948B
| $265K | ﹤0.01% |
4,400
+200
| +5% | +$11.7K |
|
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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.