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 | |
|---|---|---|---|---|---|---|
3651
PUT
AutoNation
AN
$6.45B
| – | – |
-12,500
| Closed | -$746K |
|
3652
Artivion
AORT
$1.31B
| – | – |
-27,352
| Closed | -$245K |
|
3653
CALL
APA Corp
APA
$15.1B
| – | – |
-20,800
| Closed | -$2.09M |
|
|
3654
PUT
APA Corp
APA
$15.1B
| – | – |
-3,000
| Closed | -$302K |
|
3655
Asia Pacific Wire & Cable
APWC
$60.2M
| – | – |
-64,869
| Closed | -$164K |
|
3656
CALL
Arrowhead Research
ARWR
$12.3B
| – | – |
-567,200
| Closed | -$8.12M |
|
|
3657
Arrowhead Research
ARWR
$12.3B
| – | – |
-1,248,503
| Closed | -$17.9M |
|
|
3658
PUT
Arrowhead Research
ARWR
$12.3B
| – | – |
-86,000
| Closed | -$1.23M |
|
3659
ASE Group
ASX
$94.4B
| – | – |
-273,359
| Closed | -$1.78M |
|
3660
A10 Networks
ATEN
$1.83B
| – | – |
-39,482
| Closed | -$525K |
|
|
CVSA
3661
Covista Inc
CVSA
$4.52B
| – | – |
-231,676
| Closed | -$9.85M |
|
3662
Axos Financial
AX
$5.5B
| – | – |
-266,348
| Closed | -$4.89M |
|
|
AXDX
3663
DELISTED
Accelerate Diagnostics
AXDX
| – | – |
-3,820
| Closed | -$993K |
|
3664
PUT
AstraZeneca
AZN
$259B
| – | – |
-5,100
| Closed | -$379K |
|
3665
AZZ Inc
AZZ
$4.23B
| – | – |
-25,962
| Closed | -$1.2M |
|
3666
AutoZone
AZO
$49.1B
| – | – |
-52,351
| Closed | -$27.6M |
|
3667
Boeing
BA
$166B
| – | – |
-68,179
| Closed | -$8.59M |
|
3668
Braskem
BAK
$733M
| – | – |
-63,860
| Closed | -$821K |
|
3669
Banco Bilbao Vizcaya Argentaria
BBVA
$161B
| – | – |
-96,147
| Closed | -$1.17M |
|
3670
BCE
BCE
$22.2B
| – | – |
-26,963
| Closed | -$1.22M |
|
3671
Banco de Chile
BCH
$21.7B
| – | – |
-164,685
| Closed | -$3.92M |
|
3672
PUT
Becton Dickinson
BDX
$52B
| – | – |
-48,483
| Closed | -$5.6M |
|
3673
Bright Horizons
BFAM
$3.6B
| – | – |
-30,035
| Closed | -$1.29M |
|
3674
Buckle
BKE
$2.29B
| – | – |
-68,056
| Closed | -$3.02M |
|
3675
Banco Macro
BMA
$4.9B
| – | – |
-24,360
| Closed | -$878K |
|
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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.