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 | |
|---|---|---|---|---|---|---|
376
Lennox International
LII
$13.9B
| $26.8M | 0.07% |
348,414
+139,309
| +67% | +$11.8M |
|
|
BIG
377
DELISTED
Big Lots, Inc.
BIG
| $26.7M | 0.07% |
620,314
-270,783
| -30% | -$12.3M |
|
|
PMT
378
PennyMac Mortgage Investment
PMT
$815M
| $26.7M | 0.07% |
1,244,069
-159,003
| -11% | -$3.47M |
|
|
CODE
379
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $26.6M | 0.07% |
1,166,380
+678,835
| +139% | +$14.4M |
|
|
WPG
380
DELISTED
Washington Prime Group Inc.
WPG
| $26.6M | 0.07% |
168,855
-1,476
| -0.9% | -$250K |
|
381
MasTec
MTZ
$21.4B
| $26.5M | 0.07% |
865,382
-138,453
| -14% | -$4.12M |
|
|
SVC
382
Service Properties Trust
SVC
$1.05B
| $26.5M | 0.07% |
198,696
+132,332
| +199% | +$19.2M |
|
383
Harley-Davidson
HOG
$2.93B
| $26.4M | 0.07% |
454,190
+428,251
| +1,651% | +$27.4M |
|
384
Sabra Healthcare REIT
SBRA
$5.21B
| $26.4M | 0.07% |
1,085,410
+221,682
| +26% | +$6.15M |
|
|
RFMD
385
DELISTED
RF MICRO DEVICES INC
RFMD
| $26.4M | 0.07% |
2,286,425
-182,625
| -7% | -$2.06M |
|
386
CALL
Williams Companies
WMB
$86.2B
| $26.4M | 0.07% |
476,200
+385,100
| +423% | +$22.1M |
|
387
Liberty Media Series C
FWONK
$26.3B
| $26.3M | 0.07% |
+1,046,972
| New | +$26.8M |
|
388
ManpowerGroup
MAN
$2.86B
| $26.3M | 0.07% |
375,289
+96,796
| +35% | +$7.57M |
|
|
CIT
389
DELISTED
CIT Group Inc.
CIT
| $26.2M | 0.07% |
569,002
+413,098
| +265% | +$19.6M |
|
390
Equity Lifestyle Properties
ELS
$12.7B
| $26.1M | 0.07% |
1,233,904
+1,156,720
| +1,499% | +$25.6M |
|
|
JWN
391
DELISTED
Nordstrom
JWN
| $25.9M | 0.07% |
378,817
-28,314
| -7% | -$1.95M |
|
|
CTXS
392
DELISTED
Citrix Systems Inc
CTXS
| $25.9M | 0.07% |
455,422
+401,073
| +738% | +$21.8M |
|
|
B
393
Barrick Mining
B
$78.3B
| $25.8M | 0.07% |
1,763,074
+1,043,729
| +145% | +$18.6M |
|
|
SAFM
394
DELISTED
Sanderson Farms Inc
SAFM
| $25.8M | 0.07% |
+293,167
| New | +$27.7M |
|
|
CWEI
395
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $25.8M | 0.07% |
267,023
+168,644
| +171% | +$19.5M |
|
396
Northern Trust
NTRS
$33.6B
| $25.6M | 0.06% |
377,038
+316,930
| +527% | +$21.3M |
|
|
MWV
397
DELISTED
MEADWESTVACO CORP
MWV
| $25.6M | 0.06% |
625,590
+418,381
| +202% | +$17.9M |
|
398
Expedia Group
EXPE
$38.6B
| $25.5M | 0.06% |
290,891
-811,860
| -74% | -$68.1M |
|
399
Boston Scientific
BSX
$73B
| $25.3M | 0.06% |
2,138,400
-770,511
| -26% | -$9.7M |
|
|
EXL
400
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $25.2M | 0.06% |
2,138,761
+773,205
| +57% | +$9.91M |
|
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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.