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 | |
|---|---|---|---|---|---|---|
|
MRC
426
DELISTED
MRC Global
MRC
| $29.4M | 0.06% |
1,940,070
-1,795,957
| -48% | -$34.9M |
|
427
Manitowoc
MTW
$710M
| $29.2M | 0.06% |
1,460,759
+1,430,418
| +4,714% | +$26M |
|
428
L3Harris
LHX
$49.7B
| $29.2M | 0.06% |
406,455
-59,116
| -13% | -$4.09M |
|
|
PPLI
429
People Inc
PPLI
$2.86B
| $29M | 0.06% |
2,672,288
+67,251
| +3% | +$761K |
|
|
TSRO
430
DELISTED
TESARO, Inc.
TSRO
| $28.9M | 0.06% |
777,073
+191,741
| +33% | +$5.92M |
|
431
Charter Communications
CHTR
$17.9B
| $28.9M | 0.06% |
173,365
+95,112
| +122% | +$15M |
|
432
CNX Resources
CNX
$5.38B
| $28.9M | 0.06% |
1,024,314
-469,517
| -31% | -$14.2M |
|
433
Diamondrock Hospitality Co
DRH
$2.62B
| $28.7M | 0.06% |
1,927,711
+1,352,312
| +235% | +$19.2M |
|
434
Nucor
NUE
$55.3B
| $28.6M | 0.06% |
583,912
-37,120
| -6% | -$1.93M |
|
435
COPT Defense Properties
CDP
$4.23B
| $28.6M | 0.06% |
1,008,179
+944,122
| +1,474% | +$26M |
|
|
EE
436
DELISTED
El Paso Electric Company
EE
| $28.5M | 0.06% |
711,066
+502,446
| +241% | +$19M |
|
437
Vornado Realty Trust
VNO
$7.07B
| $28.5M | 0.06% |
330,603
+154,596
| +88% | +$12.4M |
|
438
Parker-Hannifin
PH
$126B
| $28.5M | 0.06% |
220,763
+163,118
| +283% | +$20M |
|
439
Autodesk
ADSK
$53.6B
| $28.4M | 0.06% |
473,362
+108,085
| +30% | +$6.25M |
|
440
APA Corp
APA
$15.2B
| $28.4M | 0.06% |
453,409
+84,158
| +23% | +$5.99M |
|
|
CXO
441
DELISTED
CONCHO RESOURCES INC.
CXO
| $28.4M | 0.06% |
284,823
+216,422
| +316% | +$22.7M |
|
|
UPL
442
PUT
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $28.3M | 0.06% |
2,149,200
+1,125,800
| +110% | +$22.7M |
|
443
Rockwell Automation
ROK
$48.5B
| $28.3M | 0.06% |
254,267
+111,719
| +78% | +$12.3M |
|
|
NSM
444
DELISTED
Nationstar Mortgage Holdings
NSM
| $28.2M | 0.06% |
1,000,675
+971,675
| +3,351% | +$30.1M |
|
|
DATA
445
DELISTED
Tableau Software, Inc.
DATA
| $28.2M | 0.06% |
332,444
+303,825
| +1,062% | +$24.2M |
|
446
Teradata
TDC
$2.58B
| $28.1M | 0.06% |
642,514
+467,529
| +267% | +$20M |
|
447
HP
HPQ
$27.2B
| $27.9M | 0.06% |
1,531,412
-1,990,222
| -57% | -$33.4M |
|
448
Quanta Services
PWR
$96.1B
| $27.9M | 0.06% |
982,622
+697,985
| +245% | +$21.9M |
|
449
Insulet
PODD
$10.3B
| $27.7M | 0.06% |
601,831
+540,692
| +884% | +$23.1M |
|
450
American Financial Group
AFG
$11.9B
| $27.7M | 0.06% |
456,151
+194,704
| +74% | +$11.6M |
|
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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.