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 | |
|---|---|---|---|---|---|---|
426
Sally Beauty Holdings
SBH
$1.55B
| $23.8M | 0.06% |
867,991
-842,671
| -49% | -$22.3M |
|
|
427
SLB Ltd
SLB
$79.9B
| $23.7M | 0.06% |
233,547
-1,106,729
| -83% | -$121M |
|
428
Dine Brands
DIN
$454M
| $23.7M | 0.06% |
290,669
+109,422
| +60% | +$8.89M |
|
|
CHL
429
DELISTED
China Mobile Limited
CHL
| $23.7M | 0.06% |
+403,669
| New | +$23.2M |
|
430
WEC Energy
WEC
$34.5B
| $23.7M | 0.06% |
550,748
+180,249
| +49% | +$8M |
|
431
Estee Lauder
EL
$36.9B
| $23.7M | 0.06% |
316,891
+209,247
| +194% | +$15.7M |
|
432
Simon Property Group
SPG
$70.6B
| $23.6M | 0.06% |
143,812
-102,200
| -42% | -$17.2M |
|
433
Abbott
ABT
$202B
| $23.6M | 0.06% |
566,416
-80,456
| -12% | -$3.4M |
|
|
GDP
434
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $23.6M | 0.06% |
1,589,336
+466,133
| +42% | +$9.31M |
|
|
CONE
435
DELISTED
CyrusOne Inc Common Stock
CONE
| $23.5M | 0.06% |
975,876
+119,237
| +14% | +$3.03M |
|
436
Icon
ICLR
$13.3B
| $23.4M | 0.06% |
409,719
+120,942
| +42% | +$6.23M |
|
|
QIHU
437
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $23.3M | 0.06% |
344,658
+68,777
| +25% | +$6.13M |
|
438
Macy's
M
$6B
| $23.2M | 0.06% |
399,477
+334,574
| +515% | +$19.8M |
|
|
SPNC
439
DELISTED
Spectranetics Corp
SPNC
| $23.2M | 0.06% |
873,549
-29,768
| -3% | -$800K |
|
|
CA
440
DELISTED
CA, Inc.
CA
| $23.2M | 0.06% |
829,741
-568,064
| -41% | -$16.2M |
|
441
Thomson Reuters
TRI
$45.7B
| $23.1M | 0.06% |
547,291
+14,640
| +3% | +$633K |
|
|
CJES
442
DELISTED
C&J ENERGY SVCS LTD
CJES
| $23.1M | 0.06% |
754,871
+625,841
| +485% | +$18.8M |
|
443
Aptiv
APTV
$10B
| $23M | 0.06% |
375,230
-526,917
| -58% | -$36.1M |
|
444
Reliance Steel & Aluminium
RS
$19.8B
| $23M | 0.06% |
336,293
-549,248
| -62% | -$39M |
|
445
Empire State Realty Trust
ESRT
$834M
| $23M | 0.06% |
1,530,809
+1,292,512
| +542% | +$20.9M |
|
|
ACHN
446
CALL
DELISTED
Achillion Pharmaceuticals
ACHN
| $23M | 0.06% |
+2,300,000
| New | +$21.3M |
|
447
PUT
Perrigo
PRGO
$1.98B
| $22.9M | 0.06% |
153,000
+300
| +0.2% | +$44.7K |
|
448
Magna International
MGA
$19.5B
| $22.9M | 0.06% |
481,936
+423,488
| +725% | +$23.2M |
|
449
Arch Capital
ACGL
$33.9B
| $22.8M | 0.06% |
1,252,044
-572,967
| -31% | -$10.6M |
|
|
450
CALL
Perrigo
PRGO
$1.98B
| $22.8M | 0.06% |
152,500
+100
| +0.1% | +$14.9K |
|
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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.