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 | |
|---|---|---|---|---|---|---|
3276
ePlus
PLUS
$2.25B
| $234K | ﹤0.01% |
+16,728
| New | +$237K |
|
3277
CALL
Roper Technologies
ROP
$40.9B
| $234K | ﹤0.01% |
+1,600
| New | +$235K |
|
3278
CALL
BP
BP
$110B
| $233K | ﹤0.01% |
+6,479
| New | +$257K |
|
3279
CALL
AB InBev
BUD
$155B
| $233K | ﹤0.01% |
+2,100
| New | +$235K |
|
3280
PUT
Deckers Outdoor
DECK
$12.1B
| $233K | ﹤0.01% |
+14,400
| New | +$220K |
|
3281
CALL
SL Green Realty
SLG
$4.24B
| $233K | ﹤0.01% |
+2,376
| New | +$249K |
|
3282
PUT
United Rentals
URI
$65.6B
| $233K | ﹤0.01% |
+2,100
| New | +$236K |
|
|
CAI
3283
DELISTED
CAI International, Inc.
CAI
| $233K | ﹤0.01% |
12,055
-55,142
| -82% | -$1.11M |
|
|
KIN
3284
DELISTED
Kindred Biosciences, Inc.
KIN
| $233K | ﹤0.01% |
+25,175
| New | +$340K |
|
3285
CALL
Cal-Maine
CALM
$3.93B
| $232K | ﹤0.01% |
+5,200
| New | +$206K |
|
|
EMWP
3286
DELISTED
Eros Media World PLC
EMWP
| $232K | ﹤0.01% |
+795
| New | +$244K |
|
|
CERN
3287
PUT
DELISTED
Cerner Corp
CERN
| $232K | ﹤0.01% |
+3,900
| New | +$219K |
|
|
AT
3288
DELISTED
Atlantic Power Corporation
AT
| $232K | ﹤0.01% |
+97,293
| New | +$352K |
|
|
ARG
3289
PUT
DELISTED
Airgas Inc
ARG
| $232K | ﹤0.01% |
+2,100
| New | +$231K |
|
3290
Enterprise Financial Services Corp
EFSC
$2.29B
| $231K | ﹤0.01% |
+13,800
| New | +$242K |
|
3291
CALL
Molson Coors Class B
TAP
$7.83B
| $231K | ﹤0.01% |
3,100
-6,900
| -69% | -$504K |
|
3292
CALL
Veeva Systems
VEEV
$40.1B
| $231K | ﹤0.01% |
8,200
-5,900
| -42% | -$152K |
|
|
MRSH
3293
PUT
Marsh
MRSH
$92.3B
| $230K | ﹤0.01% |
+4,400
| New | +$229K |
|
3294
CALL
Oracle
ORCL
$417B
| $230K | ﹤0.01% |
6,000
-4,200
| -41% | -$170K |
|
3295
PUT
Oshkosh
OSK
$9.58B
| $230K | ﹤0.01% |
+5,200
| New | +$259K |
|
|
BPZ
3296
DELISTED
BPZ RESOURCES INC COM STK
BPZ
| $230K | ﹤0.01% |
120,479
-70,470
| -37% | -$179K |
|
3297
CALL
Criteo S.A.
CRTO
$848M
| $229K | ﹤0.01% |
+6,800
| New | +$222K |
|
|
3298
PUT
Criteo S.A.
CRTO
$848M
| $229K | ﹤0.01% |
+6,800
| New | +$222K |
|
3299
PUT
Illumina
ILMN
$34B
| $229K | ﹤0.01% |
+1,439
| New | +$241K |
|
3300
MKS Inc
MKSI
$18.3B
| $229K | ﹤0.01% |
6,856
-5,425
| -44% | -$178K |
|
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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.