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 | |
|---|---|---|---|---|---|---|
351
Ryman Hospitality Properties
RHP
$8.86B
| $28.3M | 0.07% |
597,968
-73,994
| -11% | -$3.59M |
|
|
BAS
352
DELISTED
Basis Energy Services, Inc.
BAS
| $28.2M | 0.07% |
2,277
-570
| -20% | -$8.07M |
|
|
RAI
353
DELISTED
Reynolds American Inc
RAI
| $28.1M | 0.07% |
952,264
-1,077,360
| -53% | -$31.3M |
|
354
Intercontinental Exchange
ICE
$90.5B
| $28M | 0.07% |
717,705
-372,135
| -34% | -$14.3M |
|
355
PENN Entertainment
PENN
$2.5B
| $27.9M | 0.07% |
2,490,238
+1,827,564
| +276% | +$20.6M |
|
356
Albemarle
ALB
$16.9B
| $27.8M | 0.07% |
471,677
+386,626
| +455% | +$25.1M |
|
357
JetBlue
JBLU
$1.85B
| $27.7M | 0.07% |
2,612,336
+254,831
| +11% | +$2.91M |
|
358
Huntington Bancshares
HBAN
$34.4B
| $27.6M | 0.07% |
2,839,360
-2,510,509
| -47% | -$24.6M |
|
359
Oracle
ORCL
$422B
| $27.5M | 0.07% |
718,919
+95,492
| +15% | +$3.87M |
|
360
Norfolk Southern
NSC
$78.8B
| $27.4M | 0.07% |
245,608
+44,843
| +22% | +$4.76M |
|
361
Voya Financial
VOYA
$8.86B
| $27.4M | 0.07% |
700,792
-462,868
| -40% | -$17.6M |
|
|
SYT
362
DELISTED
Syngenta Ag
SYT
| $27.4M | 0.07% |
431,932
+319,491
| +284% | +$22.6M |
|
|
SIX
363
DELISTED
Six Flags Entertainment Corp.
SIX
| $27.3M | 0.07% |
+794,570
| New | +$29.9M |
|
364
NOV
NOV
$7.28B
| $27.3M | 0.07% |
358,207
+320,467
| +849% | +$26.5M |
|
365
Keurig Dr Pepper
KDP
$43.6B
| $27.3M | 0.07% |
423,809
-76,844
| -15% | -$4.69M |
|
|
RAD
366
DELISTED
Rite Aid Corporation
RAD
| $27.2M | 0.07% |
281,410
-247,179
| -47% | -$31.9M |
|
|
ATHL
367
DELISTED
ATHLON ENERGY INC COM
ATHL
| $27.2M | 0.07% |
466,742
-1,059,575
| -69% | -$49.1M |
|
368
Zillow
ZG
$8.27B
| $27.1M | 0.07% |
701,040
+694,440
| +10,522% | +$31.4M |
|
369
Pitney Bowes
PBI
$2.26B
| $27.1M | 0.07% |
1,082,669
-188,534
| -15% | -$5.04M |
|
|
AZPN
370
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $27M | 0.07% |
714,850
+537,271
| +303% | +$20.3M |
|
|
HAR
371
DELISTED
Harman International Industries
HAR
| $26.9M | 0.07% |
274,738
+78,925
| +40% | +$8.8M |
|
|
AET
372
DELISTED
Aetna Inc
AET
| $26.9M | 0.07% |
332,481
+215,540
| +184% | +$17.5M |
|
|
KATE
373
DELISTED
Kate Spade & Company
KATE
| $26.8M | 0.07% |
1,023,302
+946,602
| +1,234% | +$32.4M |
|
|
CMA.WS
374
DELISTED
Comerica Incorporated Ws
CMA.WS
| $26.8M | 0.07% |
1,303,248
-98,300
| -7% | -$2.05M |
|
|
FBC
375
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $26.8M | 0.07% |
1,591,756
+218,708
| +16% | +$3.89M |
|
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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.