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 | |
|---|---|---|---|---|---|---|
326
SBA Communications
SBAC
$19.4B
| $29.7M | 0.08% |
268,036
-112,990
| -30% | -$12.2M |
|
|
PLL
327
DELISTED
PALL CORP
PLL
| $29.7M | 0.08% |
355,031
+192,074
| +118% | +$15.7M |
|
328
Starbucks
SBUX
$122B
| $29.6M | 0.07% |
784,254
-12,650
| -2% | -$489K |
|
329
ITT
ITT
$18.6B
| $29.6M | 0.07% |
657,830
+74,281
| +13% | +$3.53M |
|
330
Nelnet
NNI
$4.55B
| $29.6M | 0.07% |
686,069
+2,722
| +0.4% | +$117K |
|
331
Jack in the Box
JACK
$331M
| $29.5M | 0.07% |
433,237
+301,285
| +228% | +$18.1M |
|
|
DCT
332
DELISTED
DCT Industrial Trust Inc.
DCT
| $29.5M | 0.07% |
981,679
+14,331
| +1% | +$453K |
|
333
Allstate
ALL
$64.2B
| $29.4M | 0.07% |
478,427
+409,557
| +595% | +$24.6M |
|
334
Bloomin' Brands
BLMN
$996M
| $29.4M | 0.07% |
1,600,780
-559,585
| -26% | -$10.3M |
|
|
PTP
335
DELISTED
PLATINUM UNDERWRITERS HLDGS LTD
PTP
| $29.3M | 0.07% |
481,640
+344,199
| +250% | +$21.4M |
|
|
VR
336
DELISTED
Validus Hold Ltd
VR
| $29.2M | 0.07% |
745,908
+136,594
| +22% | +$5.24M |
|
337
Portland General Electric
POR
$5.83B
| $29.2M | 0.07% |
908,843
-77,086
| -8% | -$2.56M |
|
|
YHOO
338
DELISTED
Yahoo Inc
YHOO
| $29.1M | 0.07% |
714,490
-1,963,399
| -73% | -$73.6M |
|
339
Popular Inc
BPOP
$10.8B
| $29.1M | 0.07% |
988,421
+813,596
| +465% | +$26M |
|
|
VAL
340
DELISTED
Valspar
VAL
| $29M | 0.07% |
367,004
-7,381
| -2% | -$579K |
|
|
PXD
341
DELISTED
Pioneer Natural Resource Co.
PXD
| $29M | 0.07% |
147,034
+128,811
| +707% | +$27.3M |
|
|
WMGI
342
DELISTED
Wright Medical Group Inc
WMGI
| $28.9M | 0.07% |
955,017
-172,147
| -15% | -$5.3M |
|
343
FedEx
FDX
$76.9B
| $28.6M | 0.07% |
176,920
+117,056
| +196% | +$17.8M |
|
|
HME
344
DELISTED
HOME PROPERTIES, INC
HME
| $28.5M | 0.07% |
488,647
+488,547
| +488,547% | +$30.8M |
|
|
AMAG
345
DELISTED
AMAG Pharmaceuticals
AMAG
| $28.4M | 0.07% |
891,337
+236,837
| +36% | +$5.05M |
|
|
PL
346
DELISTED
PROTECTIVE LIFE CORP
PL
| $28.4M | 0.07% |
409,378
+49,067
| +14% | +$3.41M |
|
347
Dorian LPG
LPG
$2.19B
| $28.4M | 0.07% |
1,592,415
+125,082
| +9% | +$2.54M |
|
348
United Rentals
URI
$68.4B
| $28.3M | 0.07% |
+255,093
| New | +$28.7M |
|
349
Delta Air Lines
DAL
$54.2B
| $28.3M | 0.07% |
783,780
-1,054,755
| -57% | -$40.3M |
|
|
ABMD
350
DELISTED
Abiomed Inc
ABMD
| $28.3M | 0.07% |
1,140,065
+1,214
| +0.1% | +$30.8K |
|
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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.