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 | |
|---|---|---|---|---|---|---|
|
SVVC
3376
DELISTED
Firsthand Technology Value Fund, Inc. Common Stock
SVVC
| $210K | ﹤0.01% |
+8,764
| New | +$195K |
|
|
STJ
3377
PUT
DELISTED
St Jude Medical
STJ
| $210K | ﹤0.01% |
3,500
-1,000
| -22% | -$65.3K |
|
|
KEM
3378
DELISTED
KEMET Corporation
KEM
| $210K | ﹤0.01% |
50,855
-8,029
| -14% | -$41K |
|
3379
PUT
Honda
HMC
$41.2B
| $209K | ﹤0.01% |
6,100
-200
| -3% | -$6.91K |
|
3380
Hooker Furnishings Corp
HOFT
$151M
| $209K | ﹤0.01% |
13,773
-13,976
| -50% | -$214K |
|
3381
Identive
INVE
$70.3M
| $209K | ﹤0.01% |
+15,621
| New | +$206K |
|
|
SWIR
3382
DELISTED
Sierra Wireless
SWIR
| $209K | ﹤0.01% |
+7,818
| New | +$188K |
|
|
ATHX
3383
DELISTED
Athersys, Inc. Common Stock
ATHX
| $209K | ﹤0.01% |
+6,000
| New | +$230K |
|
3384
PUT
Lennox International
LII
$13.6B
| $208K | ﹤0.01% |
+2,700
| New | +$228K |
|
|
SKX
3385
PUT
DELISTED
Skechers
SKX
| $208K | ﹤0.01% |
+11,700
| New | +$214K |
|
3386
Tilly's
TLYS
$114M
| $208K | ﹤0.01% |
27,626
+3,268
| +13% | +$25.7K |
|
3387
CALL
Vipshop
VIPS
$6.83B
| $208K | ﹤0.01% |
+11,000
| New | +$227K |
|
3388
PUT
Expeditors International
EXPD
$24.4B
| $207K | ﹤0.01% |
+5,100
| New | +$217K |
|
3389
CALL
NextEra Energy
NEE
$175B
| $207K | ﹤0.01% |
+8,800
| New | +$212K |
|
|
3390
PUT
NextEra Energy
NEE
$175B
| $207K | ﹤0.01% |
+8,800
| New | +$212K |
|
|
3391
CALL
Honda
HMC
$41.2B
| $206K | ﹤0.01% |
+6,000
| New | +$207K |
|
3392
CALL
Micron Technology
MU
$1.04T
| $206K | ﹤0.01% |
6,000
-4,400
| -42% | -$142K |
|
3393
NovaGold Resources
NG
$4.18B
| $206K | ﹤0.01% |
68,000
+31,803
| +88% | +$119K |
|
3394
PUT
Williams-Sonoma
WSM
$27.7B
| $206K | ﹤0.01% |
+6,200
| New | +$215K |
|
|
MODN
3395
DELISTED
MODEL N, INC.
MODN
| $206K | ﹤0.01% |
20,917
-4,712
| -18% | -$45.5K |
|
3396
PUT
AGCO
AGCO
$7.68B
| $205K | ﹤0.01% |
+4,500
| New | +$223K |
|
3397
PUT
Deere & Co
DE
$171B
| $205K | ﹤0.01% |
+2,500
| New | +$214K |
|
3398
CALL
Ingredion
INGR
$6.58B
| $205K | ﹤0.01% |
+2,700
| New | +$210K |
|
|
SFLY
3399
CALL
DELISTED
Shutterfly, Inc.
SFLY
| $205K | ﹤0.01% |
+4,200
| New | +$205K |
|
|
MTSN
3400
DELISTED
MATTSON TECHNOLOGY INC
MTSN
| $205K | ﹤0.01% |
82,902
-19,779
| -19% | -$45.9K |
|
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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.