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 | |
|---|---|---|---|---|---|---|
|
FNFG
301
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $31.6M | 0.08% |
3,789,870
+331,396
| +10% | +$2.87M |
|
302
IQVIA
IQV
$42.8B
| $31.6M | 0.08% |
565,723
+195,780
| +53% | +$10.9M |
|
|
THOR
303
DELISTED
THORATEC CORPORATION
THOR
| $31.4M | 0.08% |
1,175,557
+597,606
| +103% | +$17M |
|
304
American Airlines Group
AAL
$9.15B
| $31.3M | 0.08% |
881,044
+531,993
| +152% | +$20.9M |
|
305
Huntsman Corp
HUN
$1.75B
| $31.2M | 0.08% |
1,201,171
-30,479
| -2% | -$831K |
|
306
Assured Guaranty
AGO
$3.27B
| $31.2M | 0.08% |
1,406,782
+1,037,189
| +281% | +$24.1M |
|
307
ExxonMobil
XOM
$679B
| $31M | 0.08% |
329,585
-756,937
| -70% | -$75.4M |
|
308
Textron
TXT
$14.3B
| $31M | 0.08% |
860,335
+324,147
| +60% | +$12.2M |
|
309
L3Harris
LHX
$49.7B
| $30.9M | 0.08% |
465,571
+433,423
| +1,348% | +$30.6M |
|
|
CIVI
310
DELISTED
Civitas Resources
CIVI
| $30.9M | 0.08% |
4,866
-5,960
| -55% | -$38.7M |
|
|
NBL
311
DELISTED
Noble Energy, Inc.
NBL
| $30.9M | 0.08% |
451,691
-110,540
| -20% | -$7.86M |
|
|
TW
312
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $30.7M | 0.08% |
308,724
+196,664
| +175% | +$20.7M |
|
|
PPLI
313
People Inc
PPLI
$2.86B
| $30.7M | 0.08% |
2,605,037
+1,280,358
| +97% | +$15.5M |
|
|
PKY
314
DELISTED
Parkway, Inc.
PKY
| $30.6M | 0.08% |
1,630,468
+1,575,024
| +2,841% | +$32.2M |
|
315
Dick's Sporting Goods
DKS
$16.4B
| $30.6M | 0.08% |
+697,056
| New | +$31M |
|
|
DST
316
DELISTED
DST Systems Inc.
DST
| $30.6M | 0.08% |
728,494
+206,240
| +39% | +$9.36M |
|
317
Sonoco
SON
$5.88B
| $30.5M | 0.08% |
+777,156
| New | +$31.7M |
|
318
Kilroy Realty
KRC
$4.25B
| $30.5M | 0.08% |
513,445
-223,411
| -30% | -$13.9M |
|
|
ITC
319
DELISTED
ITC HOLDINGS CORP
ITC
| $30.5M | 0.08% |
855,932
+470,559
| +122% | +$17.1M |
|
|
IPG
320
DELISTED
Interpublic Group of Companies
IPG
| $30.4M | 0.08% |
1,659,002
+579,080
| +54% | +$11.2M |
|
321
Lear
LEA
$8.56B
| $30.2M | 0.08% |
349,813
-96,366
| -22% | -$9.31M |
|
322
Signet Jewelers
SIG
$3.16B
| $30.2M | 0.08% |
264,797
-7,716
| -3% | -$853K |
|
|
TRNX
323
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $30.1M | 0.08% |
1,258,158
+411,636
| +49% | +$9.2M |
|
|
INSY
324
DELISTED
Insys Therapeutics, Inc.
INSY
| $30M | 0.08% |
1,545,792
+1,317,700
| +578% | +$20.7M |
|
|
ASPX
325
DELISTED
AUSPEX PHARMACEUTICALS INC COM STK (DE)
ASPX
| $30M | 0.08% |
1,167,255
+505,894
| +76% | +$10.8M |
|
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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.