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 | |
|---|---|---|---|---|---|---|
|
EGN
476
CALL
DELISTED
Energen
EGN
| $21.8M | 0.06% |
+301,100
| New | +$24.1M |
|
477
Range Resources
RRC
$9.59B
| $21.7M | 0.06% |
320,470
-342,695
| -52% | -$26.1M |
|
|
TFCF
478
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $21.3M | 0.05% |
640,550
-12,437
| -2% | -$420K |
|
|
TGNA
479
DELISTED
TEGNA Inc
TGNA
| $21.3M | 0.05% |
+1,373,765
| New | +$23.5M |
|
|
ESRX
480
DELISTED
Express Scripts Holding Company
ESRX
| $21.3M | 0.05% |
301,483
+182,952
| +154% | +$13M |
|
|
BPL
481
CALL
DELISTED
Buckeye Partners, L.P.
BPL
| $21.2M | 0.05% |
266,400
-1,500
| -0.6% | -$119K |
|
482
Labcorp
LH
$27.3B
| $21.2M | 0.05% |
242,065
+67,181
| +38% | +$6.07M |
|
483
Middleby
MIDD
$5.22B
| $21.1M | 0.05% |
239,680
-179,227
| -43% | -$14.8M |
|
|
AXE
484
DELISTED
Anixter International Inc
AXE
| $21.1M | 0.05% |
248,788
+196,340
| +374% | +$17.8M |
|
485
Amgen
AMGN
$238B
| $20.8M | 0.05% |
148,307
+130,127
| +716% | +$17M |
|
486
Atmos Energy
ATO
$28.2B
| $20.8M | 0.05% |
435,144
+353,618
| +434% | +$17.6M |
|
|
CFN
487
DELISTED
CAREFUSION CORPORATION
CFN
| $20.7M | 0.05% |
457,055
+203,129
| +80% | +$9.15M |
|
488
F5
FFIV
$21.8B
| $20.6M | 0.05% |
173,430
-275,217
| -61% | -$32.3M |
|
489
CALL
Cheniere Energy
LNG
$57.3B
| $20.6M | 0.05% |
257,000
+252,100
| +5,145% | +$19.2M |
|
|
BRCM
490
DELISTED
BROADCOM CORP CL-A
BRCM
| $20.6M | 0.05% |
508,409
-1,380,276
| -73% | -$53.6M |
|
|
AMRI
491
DELISTED
Albany Molecular Research Inc
AMRI
| $20.5M | 0.05% |
929,476
+19,343
| +2% | +$396K |
|
492
Gen Digital
GEN
$17.3B
| $20.5M | 0.05% |
872,115
+683,006
| +361% | +$16.3M |
|
|
LM
493
DELISTED
Legg Mason, Inc.
LM
| $20.5M | 0.05% |
400,517
+288,380
| +257% | +$14.3M |
|
|
AVP
494
DELISTED
Avon Products, Inc.
AVP
| $20.5M | 0.05% |
1,626,107
+1,339,679
| +468% | +$18.4M |
|
|
HUB.B
495
DELISTED
HUBBELL INC CL-B
HUB.B
| $20.5M | 0.05% |
169,807
+47,561
| +39% | +$5.75M |
|
|
CLDT
496
Chatham Lodging
CLDT
$631M
| $20.5M | 0.05% |
886,394
-50,903
| -5% | -$1.14M |
|
|
CST
497
DELISTED
CST Brands, Inc.
CST
| $20.4M | 0.05% |
568,789
+57,359
| +11% | +$1.98M |
|
|
TEN
498
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $20.4M | 0.05% |
390,469
+264,707
| +210% | +$16.8M |
|
|
499
CALL
SLB Ltd
SLB
$79.9B
| $20.3M | 0.05% |
200,000
+191,000
| +2,122% | +$20.8M |
|
500
Commercial Metals
CMC
$7.34B
| $20.3M | 0.05% |
1,189,004
+1,116,004
| +1,529% | +$19.6M |
|
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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.