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 | |
|---|---|---|---|---|---|---|
|
IPG
501
DELISTED
Interpublic Group of Companies
IPG
| $25.2M | 0.05% |
1,215,213
-443,789
| -27% | -$8.53M |
|
502
Global Payments
GPN
$24.7B
| $25.2M | 0.05% |
624,366
+461,790
| +284% | +$18.5M |
|
|
VGR
503
DELISTED
Vector Group Ltd.
VGR
| $25.1M | 0.05% |
2,120,060
+1,887,986
| +814% | +$22.5M |
|
504
CALL
Energy Transfer Partners
ET
$73B
| $25.1M | 0.05% |
873,800
+64,200
| +8% | +$1.85M |
|
505
Kite Realty
KRG
$5.24B
| $25M | 0.05% |
870,749
+61,895
| +8% | +$1.64M |
|
506
CALL
F5
FFIV
$21.8B
| $25M | 0.05% |
191,800
-109,100
| -36% | -$13.6M |
|
|
TQNT
507
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $25M | 0.05% |
905,749
+612,545
| +209% | +$13.6M |
|
508
Dillards
DDS
$9.71B
| $24.9M | 0.05% |
+199,095
| New | +$22.2M |
|
|
SVC
509
Service Properties Trust
SVC
$1.05B
| $24.9M | 0.05% |
161,857
-36,839
| -19% | -$5.43M |
|
|
AIV
510
Aimco
AIV
$381M
| $24.9M | 0.05% |
5,023,426
+3,455,472
| +220% | +$16.4M |
|
511
Paychex
PAYX
$44.3B
| $24.8M | 0.05% |
+537,289
| New | +$24.8M |
|
|
PVTB
512
DELISTED
PrivateBancorp Inc
PVTB
| $24.8M | 0.05% |
741,311
-1,071,365
| -59% | -$33.5M |
|
513
American International
AIG
$39.8B
| $24.7M | 0.05% |
440,478
+36,443
| +9% | +$1.95M |
|
|
GRFS
514
Grifois
GRFS
$5.44B
| $24.6M | 0.05% |
1,447,768
-999,612
| -41% | -$17.2M |
|
|
NVO
515
Novo Nordisk
NVO
$207B
| $24.6M | 0.05% |
+1,161,092
| New | +$25.9M |
|
|
WLB
516
DELISTED
Westmoreland Coal Company
WLB
| $24.5M | 0.05% |
736,817
+289,763
| +65% | +$10.1M |
|
517
Teleflex
TFX
$5.88B
| $24.4M | 0.05% |
212,247
+123,446
| +139% | +$14M |
|
|
HT
518
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $24.4M | 0.05% |
866,314
+564,944
| +187% | +$16M |
|
|
CWEI
519
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $24.4M | 0.05% |
381,709
+114,686
| +43% | +$8.37M |
|
|
VSI
520
DELISTED
Vitamin Shoppe Inc.
VSI
| $24.3M | 0.05% |
500,537
+425,355
| +566% | +$19.5M |
|
521
WEX
WEX
$6.81B
| $24.1M | 0.05% |
243,580
+41,830
| +21% | +$4.46M |
|
|
PNK
522
DELISTED
Pinnacle Entertainment Inc.
PNK
| $24.1M | 0.05% |
1,082,567
+585,846
| +118% | +$13.6M |
|
|
JNS
523
DELISTED
Janus Capital Group Inc
JNS
| $24.1M | 0.05% |
1,492,874
+1,092,171
| +273% | +$16.4M |
|
524
Fidelity National Information Services
FIS
$21.3B
| $24M | 0.05% |
385,518
-977,123
| -72% | -$57.4M |
|
525
Jabil
JBL
$32.8B
| $23.9M | 0.05% |
1,095,501
+976,388
| +820% | +$19.9M |
|
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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.