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 | |
|---|---|---|---|---|---|---|
|
CHS
3301
PUT
DELISTED
Chicos FAS, Inc.
CHS
| $229K | ﹤0.01% |
+15,500
| New | +$245K |
|
3302
CALL
HP
HPQ
$27B
| $227K | ﹤0.01% |
14,093
-10,129
| -42% | -$164K |
|
3303
Gibraltar Industries
ROCK
$1.37B
| $227K | ﹤0.01% |
+16,564
| New | +$254K |
|
|
AET
3304
PUT
DELISTED
Aetna Inc
AET
| $227K | ﹤0.01% |
2,800
-200
| -7% | -$16.3K |
|
3305
CALL
Dollar General
DG
$27B
| $226K | ﹤0.01% |
+3,700
| New | +$221K |
|
|
FISV
3306
PUT
Fiserv Inc
FISV
$27.9B
| $226K | ﹤0.01% |
+7,000
| New | +$221K |
|
3307
PUT
Itaú Unibanco
ITUB
$84.4B
| $226K | ﹤0.01% |
+40,659
| New | +$259K |
|
3308
CALL
MGM Resorts International
MGM
$10.9B
| $226K | ﹤0.01% |
+9,900
| New | +$246K |
|
3309
Mueller Industries
MLI
$13.6B
| $226K | ﹤0.01% |
+31,672
| New | +$230K |
|
3310
Open Text
OTEX
$5.9B
| $226K | ﹤0.01% |
8,166
-20,436
| -71% | -$546K |
|
3311
PUT
Procter & Gamble
PG
$338B
| $226K | ﹤0.01% |
+2,700
| New | +$221K |
|
3312
Provident Financial
PROV
$115M
| $226K | ﹤0.01% |
15,500
-16,637
| -52% | -$244K |
|
3313
Ultragenyx Pharmaceutical
RARE
$2.61B
| $226K | ﹤0.01% |
4,000
-10,350
| -72% | -$521K |
|
|
PCTI
3314
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $226K | ﹤0.01% |
29,835
-101,696
| -77% | -$791K |
|
|
TERP
3315
DELISTED
TerraForm Power, Inc
TERP
| $226K | ﹤0.01% |
+7,836
| New | +$244K |
|
|
MOBI
3316
DELISTED
Sky-mobi Limited ADS
MOBI
| $226K | ﹤0.01% |
+27,779
| New | +$212K |
|
|
BYI
3317
CALL
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
| $226K | ﹤0.01% |
+2,800
| New | +$204K |
|
3318
CALL
Cboe Global Markets
CBOE
$32.3B
| $225K | ﹤0.01% |
+4,200
| New | +$215K |
|
3319
PUT
Group 1 Automotive
GPI
$3.16B
| $225K | ﹤0.01% |
+3,100
| New | +$242K |
|
|
LNW
3320
DELISTED
Light & Wonder
LNW
| $225K | ﹤0.01% |
20,879
-417,706
| -95% | -$4.27M |
|
3321
CALL
Philip Morris
PM
$302B
| $225K | ﹤0.01% |
+2,700
| New | +$228K |
|
3322
PUT
Ryder
R
$9.44B
| $225K | ﹤0.01% |
+2,500
| New | +$224K |
|
3323
Agilysys
AGYS
$3.23B
| $224K | ﹤0.01% |
19,070
-7,529
| -28% | -$96.5K |
|
3324
CALL
Acuity Brands
AYI
$10.2B
| $224K | ﹤0.01% |
+1,900
| New | +$224K |
|
3325
CALL
Gilead Sciences
GILD
$184B
| $224K | ﹤0.01% |
2,100
-14,900
| -88% | -$1.46M |
|
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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.