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 | |
|---|---|---|---|---|---|---|
|
UCB
501
United Community Banks
UCB
$4.29B
| $20.3M | 0.05% |
1,231,995
+1,075,944
| +689% | +$17.9M |
|
|
K
502
DELISTED
Kellanova
K
| $20.3M | 0.05% |
350,427
-255,394
| -42% | -$15.4M |
|
503
Newmont
NEM
$139B
| $20.2M | 0.05% |
876,873
+575,042
| +191% | +$14.7M |
|
504
Republic Services
RSG
$67.6B
| $20.1M | 0.05% |
516,193
-38,656
| -7% | -$1.49M |
|
505
Autodesk
ADSK
$53.6B
| $20.1M | 0.05% |
365,277
-171,371
| -32% | -$9.39M |
|
|
TFCFA
506
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $20.1M | 0.05% |
586,456
-948,447
| -62% | -$32.8M |
|
|
SUNE
507
DELISTED
SUNEDISON, INC COM
SUNE
| $20.1M | 0.05% |
1,063,747
+197,442
| +23% | +$4.23M |
|
|
VRE
508
DELISTED
Veris Residential
VRE
| $20.1M | 0.05% |
1,049,527
+1,002,639
| +2,138% | +$21M |
|
|
SBNY
509
DELISTED
Signature Bank
SBNY
| $19.9M | 0.05% |
177,690
+89,001
| +100% | +$10.5M |
|
510
Lincoln National
LNC
$8.07B
| $19.8M | 0.05% |
370,077
+75,018
| +25% | +$3.99M |
|
511
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $19.8M | 0.05% |
372,286
+211,924
| +132% | +$11.4M |
|
512
Kite Realty
KRG
$5.24B
| $19.6M | 0.05% |
808,854
+377,630
| +88% | +$9.56M |
|
|
CPHD
513
DELISTED
Cepheid Inc
CPHD
| $19.6M | 0.05% |
444,529
+412,019
| +1,267% | +$17.4M |
|
|
LBMH
514
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $19.5M | 0.05% |
6,230,000
| – | – |
|
515
Helmerich & Payne
HP
$4.35B
| $19.5M | 0.05% |
+199,048
| New | +$21.2M |
|
|
AKS
516
DELISTED
AK Steel Holding Corp
AKS
| $19.4M | 0.05% |
2,423,792
+2,331,062
| +2,514% | +$21.7M |
|
517
Kirby Corp
KEX
$7.39B
| $19.4M | 0.05% |
164,341
+94,536
| +135% | +$11.3M |
|
518
LiveRamp
RAMP
$2.28B
| $19.3M | 0.05% |
1,167,581
+749,181
| +179% | +$14.1M |
|
519
MGM Resorts International
MGM
$11B
| $19.2M | 0.05% |
844,152
+363,773
| +76% | +$9.05M |
|
520
Avis
CAR
$5.18B
| $19.2M | 0.05% |
+349,073
| New | +$21.8M |
|
521
Martin Marietta Materials
MLM
$32.1B
| $19.1M | 0.05% |
148,415
-24,145
| -14% | -$3.11M |
|
522
Huron Consulting
HURN
$2.57B
| $19.1M | 0.05% |
312,900
+233,922
| +296% | +$14.9M |
|
|
NXTM
523
DELISTED
NxStage Medical Inc.
NXTM
| $19M | 0.05% |
1,448,182
+175,329
| +14% | +$2.36M |
|
524
Philip Morris
PM
$293B
| $19M | 0.05% |
227,882
-215,813
| -49% | -$18.3M |
|
|
ICPT
525
PUT
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $18.9M | 0.05% |
+80,000
| New | +$20.4M |
|
Similar funds
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.