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 |
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$294M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$293M |
| 3 |
WLL
Whiting Petroleum Corporation
WLL
|
+$213M |
| 4 |
Xcel Energy
XEL
|
+$178M |
| 5 |
McDonald's
MCD
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHI
Baker Hughes
BHI
|
+$255M |
| 2 |
Exelon
EXC
|
+$209M |
| 3 |
AbbVie
ABBV
|
+$199M |
| 4 |
CenterPoint Energy
CNP
|
+$130M |
| 5 |
American Electric Power
AEP
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.56% |
| 2 | Energy | 13.05% |
| 3 | Financials | 9.97% |
| 4 | Industrials | 8.17% |
| 5 | Consumer Discretionary | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Tronox
TROX
$888M
| $37.5M | 0.08% |
1,571,033
-23,704
| -1% | -$549K |
|
|
AET
327
DELISTED
Aetna Inc
AET
| $37.5M | 0.08% |
422,284
+89,803
| +27% | +$7.54M |
|
|
WCG
328
DELISTED
Wellcare Health Plans, Inc.
WCG
| $37.5M | 0.08% |
456,944
+334,615
| +274% | +$23.3M |
|
329
CDW
CDW
$17.2B
| $37.4M | 0.08% |
1,063,126
+1,021,341
| +2,444% | +$33M |
|
330
Agilent Technologies
A
$44.9B
| $37.4M | 0.08% |
913,141
-97,933
| -10% | -$3.95M |
|
|
HNT
331
DELISTED
HEALTH NET INC
HNT
| $37.3M | 0.08% |
697,236
+536,942
| +335% | +$26.4M |
|
|
AKS
332
DELISTED
AK Steel Holding Corp
AKS
| $37.3M | 0.08% |
6,279,580
+3,855,788
| +159% | +$24.2M |
|
333
Williams Companies
WMB
$86.2B
| $37.1M | 0.08% |
825,469
-615,512
| -43% | -$31.5M |
|
|
RESI
334
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $36.9M | 0.08% |
1,902,408
+1,853,411
| +3,783% | +$39.6M |
|
335
Graphic Packaging
GPK
$3.54B
| $36.8M | 0.08% |
2,700,841
-1,443,747
| -35% | -$17.9M |
|
336
Emerson Electric
EMR
$87.7B
| $36.6M | 0.08% |
+593,666
| New | +$37.2M |
|
|
SGY
337
DELISTED
Stone Energy
SGY
| $36.6M | 0.08% |
38,114
+19,030
| +100% | +$22.9M |
|
338
SBA Communications
SBAC
$19.4B
| $36.5M | 0.08% |
329,305
+61,269
| +23% | +$6.89M |
|
339
XPO
XPO
$23.2B
| $36.5M | 0.08% |
2,579,546
+2,399,273
| +1,331% | +$31.7M |
|
|
SF
340
Stifel
SF
$12.2B
| $36.4M | 0.08% |
1,603,420
-129,964
| -7% | -$2.75M |
|
|
CMA
341
DELISTED
Comerica
CMA
| $36.3M | 0.08% |
775,802
+760,434
| +4,948% | +$35.7M |
|
|
FMBI
342
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $36.3M | 0.08% |
2,118,914
+560,601
| +36% | +$9.31M |
|
343
Burlington
BURL
$20.6B
| $36.1M | 0.08% |
764,439
+754,842
| +7,865% | +$32.1M |
|
|
PEGI
344
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $36.1M | 0.08% |
1,464,851
-5,485
| -0.4% | -$148K |
|
|
ABMD
345
DELISTED
Abiomed Inc
ABMD
| $36M | 0.08% |
947,170
-192,895
| -17% | -$6.08M |
|
|
SLCA
346
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $36M | 0.08% |
1,402,353
+1,151,141
| +458% | +$45.5M |
|
|
WFT
347
DELISTED
Weatherford International plc
WFT
| $35.9M | 0.08% |
3,138,543
-738,795
| -19% | -$11.1M |
|
348
East-West Bancorp
EWBC
$17.8B
| $35.9M | 0.08% |
927,204
-869,570
| -48% | -$31.5M |
|
|
BERY
349
DELISTED
Berry Global Group, Inc.
BERY
| $35.7M | 0.08% |
1,233,851
+881,346
| +250% | +$22.1M |
|
350
SM Energy
SM
$8.85B
| $35.5M | 0.08% |
919,665
+705,582
| +330% | +$35.3M |
|
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Israel Englander's Q4 2014 Portfolio in Review
As of Q4 2014, Israel Englander held 4,655 positions worth $47.2B, up 19% from $39.5B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Israel Englander deployed $7.43B of net new capital in Q4 2014, opening 1,009 new positions and adding to 1,528 existing holdings. Its largest new stake was Coca-Cola: 2,223,712 shares worth $93.9M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Baker Hughes, an estimated $255M trimmed.
- Israel Englander's largest Q4 2014 buy was Coca-Cola: 2,223,712 shares worth $93.9M.
- Israel Englander added most to CAMERON INTERNATIONAL CORPORATION in Q4 2014, an estimated $294M increase.
- Israel Englander's biggest Q4 2014 reduction was Baker Hughes, cutting an estimated $255M.
- Israel Englander fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q4 2014, selling an estimated $69M.
- Israel Englander's ten largest holdings make up 9.1% of its $47.2B portfolio in Q4 2014.
- Israel Englander opened 1,009 new positions and closed 792 in Q4 2014.
- Israel Englander's portfolio value rose 19% quarter-over-quarter to $47.2B.
Based on Millennium Management's 13F filing for Q4 2014, filed 17 Feb 2015.