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 | |
|---|---|---|---|---|---|---|
|
NXGN
526
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $18.9M | 0.05% |
1,371,155
+1,093,569
| +394% | +$16.6M |
|
|
FINL
527
DELISTED
Finish Line
FINL
| $18.9M | 0.05% |
753,664
+613,612
| +438% | +$17.6M |
|
|
ANR
528
DELISTED
Alpha Natural Resources Inc
ANR
| $18.9M | 0.05% |
+7,606,318
| New | +$26.2M |
|
|
INXN
529
DELISTED
Interxion Holding N.V.
INXN
| $18.9M | 0.05% |
680,772
+217,591
| +47% | +$6M |
|
|
VER
530
DELISTED
VEREIT, Inc.
VER
| $18.8M | 0.05% |
311,489
+49,041
| +19% | +$3.15M |
|
531
Lam Research
LRCX
$393B
| $18.8M | 0.05% |
2,513,270
-609,840
| -20% | -$4.35M |
|
532
SEI Investments
SEIC
$13.1B
| $18.8M | 0.05% |
518,673
-239,575
| -32% | -$8.54M |
|
|
GTU
533
DELISTED
CENTRAL GOLD TR (CANADA)
GTU
| $18.7M | 0.05% |
452,328
-2,087
| -0.5% | -$93.9K |
|
|
CLNY
534
DELISTED
Colony Capital, Inc.
CLNY
| $18.7M | 0.05% |
834,624
-112,735
| -12% | -$2.54M |
|
535
Century Aluminum
CENX
$4.35B
| $18.6M | 0.05% |
+717,932
| New | +$15.8M |
|
536
Workday
WDAY
$49.4B
| $18.6M | 0.05% |
225,793
+206,585
| +1,076% | +$17.6M |
|
|
APC
537
CALL
DELISTED
Anadarko Petroleum
APC
| $18.5M | 0.05% |
182,400
-70,000
| -28% | -$7.55M |
|
538
Citizens Financial Group
CFG
$29.4B
| $18.5M | 0.05% |
+788,200
| New | +$18.3M |
|
539
DigitalBridge
DBRG
$2.95B
| $18.4M | 0.05% |
+249,426
| New | +$18.8M |
|
540
Roper Technologies
ROP
$40.7B
| $18.3M | 0.05% |
125,359
+6,914
| +6% | +$1.02M |
|
541
Avient
AVNT
$4.1B
| $18.3M | 0.05% |
514,914
+494,350
| +2,404% | +$19.4M |
|
542
Sprott Physical Gold and Silver Trust
CEF
$8.29B
| $18.2M | 0.05% |
1,481,087
-45,817
| -3% | -$630K |
|
543
Crane NXT
CXT
$2.89B
| $18.1M | 0.05% |
826,270
+466,251
| +130% | +$11.3M |
|
|
MEAS
544
DELISTED
MEASUREMENT SPECIALTIES INC
MEAS
| $18.1M | 0.05% |
211,824
-12,176
| -5% | -$1.04M |
|
|
NPSP
545
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $18.1M | 0.05% |
697,138
+666,738
| +2,193% | +$19.1M |
|
546
Penske Automotive Group
PAG
$14.2B
| $18.1M | 0.05% |
446,215
+175,767
| +65% | +$8.26M |
|
547
Williams-Sonoma
WSM
$28B
| $18.1M | 0.05% |
544,074
+536,474
| +7,059% | +$18.6M |
|
|
EXPR
548
DELISTED
Express, Inc.
EXPR
| $18.1M | 0.05% |
57,981
+50,160
| +641% | +$16M |
|
|
CAM
549
CALL
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $18.1M | 0.05% |
272,700
+84,000
| +45% | +$5.96M |
|
550
Amphenol
APH
$194B
| $18.1M | 0.05% |
1,445,992
+1,145,192
| +381% | +$14.4M |
|
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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.