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 | |
|---|---|---|---|---|---|---|
26
Patterson-UTI
PTEN
$4.71B
| $135M | 0.34% |
4,162,921
+2,244,814
| +117% | +$76.2M |
|
27
Apple
AAPL
$4.51T
| $135M | 0.34% |
5,355,204
-2,797,128
| -34% | -$68.6M |
|
28
HCA Healthcare
HCA
$92.9B
| $132M | 0.33% |
1,873,485
+670,450
| +56% | +$44.3M |
|
|
WNR
29
DELISTED
Western Refining Inc
WNR
| $132M | 0.33% |
3,143,793
+688,002
| +28% | +$29.7M |
|
30
AES
AES
$10.5B
| $132M | 0.33% |
9,305,111
+360,131
| +4% | +$5.36M |
|
31
United Therapeutics
UTHR
$22B
| $127M | 0.32% |
989,732
+806,684
| +441% | +$83.2M |
|
|
HOT
32
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $126M | 0.32% |
1,514,335
-780,092
| -34% | -$64.3M |
|
33
Intuitive Surgical
ISRG
$134B
| $125M | 0.32% |
2,443,113
+1,884,492
| +337% | +$93.6M |
|
34
Zimmer Biomet
ZBH
$19.3B
| $125M | 0.32% |
1,280,151
-330,188
| -21% | -$32.5M |
|
35
Tyson Foods
TSN
$20.6B
| $120M | 0.3% |
3,036,090
+2,186,268
| +257% | +$83.6M |
|
36
Canadian Pacific Kansas City
CP
$85B
| $117M | 0.3% |
2,821,185
+546,435
| +24% | +$21.4M |
|
37
Meta Platforms (Facebook)
META
$1.4T
| $117M | 0.3% |
1,477,633
-131,745
| -8% | -$9.66M |
|
38
Alphabet (Google) Class C
GOOG
$4.18T
| $116M | 0.29% |
3,980,258
-196,257
| -5% | -$5.67M |
|
39
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $115M | 0.29% |
+1,050,000
| New | +$120M |
|
40
American Express
AXP
$227B
| $114M | 0.29% |
1,297,296
+1,216,921
| +1,514% | +$110M |
|
|
MNK
41
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $113M | 0.29% |
1,258,762
+1,025,603
| +440% | +$80.2M |
|
|
SLXP
42
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $112M | 0.28% |
718,134
+85,352
| +13% | +$12.4M |
|
43
Ashland
ASH
$3.33B
| $112M | 0.28% |
2,199,777
+1,021,824
| +87% | +$53.2M |
|
44
TE Connectivity
TEL
$58.9B
| $112M | 0.28% |
2,026,263
+470,341
| +30% | +$29.3M |
|
45
KeyCorp
KEY
$23.3B
| $110M | 0.28% |
8,233,630
+7,952,747
| +2,831% | +$109M |
|
|
FITB
46
Fifth Third Bancorp
FITB
$49.7B
| $109M | 0.27% |
5,428,133
-2,272,914
| -30% | -$46.7M |
|
47
Valero Energy
VLO
$100B
| $108M | 0.27% |
2,332,772
+2,061,761
| +761% | +$104M |
|
48
Visa
V
$693B
| $108M | 0.27% |
2,020,376
+213,636
| +12% | +$11.5M |
|
49
Dollar General
DG
$27.2B
| $106M | 0.27% |
1,731,458
+264,096
| +18% | +$15.8M |
|
50
Cooper Companies
COO
$14.9B
| $105M | 0.27% |
2,695,536
+2,676,356
| +13,954% | +$105M |
|
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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.