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 | |
|---|---|---|---|---|---|---|
526
Landstar System
LSTR
$6.33B
| $23.9M | 0.05% |
329,303
+313,299
| +1,958% | +$23.3M |
|
|
WWAV
527
DELISTED
The WhiteWave Foods Company
WWAV
| $23.9M | 0.05% |
682,599
+332,033
| +95% | +$11.8M |
|
528
Welltower
WELL
$172B
| $23.8M | 0.05% |
314,665
+45,207
| +17% | +$3.23M |
|
529
Kosmos Energy
KOS
$1.76B
| $23.8M | 0.05% |
2,833,543
+1,906,305
| +206% | +$17M |
|
530
Kirby Corp
KEX
$7.39B
| $23.7M | 0.05% |
293,823
+129,482
| +79% | +$12.8M |
|
|
BMS
531
DELISTED
Bemis
BMS
| $23.5M | 0.05% |
520,857
+268,809
| +107% | +$10.8M |
|
532
Allegion
ALLE
$13.8B
| $23.5M | 0.05% |
423,969
+100,473
| +31% | +$5.21M |
|
533
Jack in the Box
JACK
$331M
| $23.5M | 0.05% |
293,505
-139,732
| -32% | -$10.2M |
|
534
Prudential Financial
PRU
$41.8B
| $23.4M | 0.05% |
258,946
-344,149
| -57% | -$29.6M |
|
535
Stanley Black & Decker
SWK
$15.1B
| $23.4M | 0.05% |
243,497
-318,395
| -57% | -$29.4M |
|
536
Mastercard
MA
$509B
| $23.4M | 0.05% |
271,118
+224,380
| +480% | +$18.3M |
|
537
CALL
Cheniere Energy
LNG
$57.3B
| $23.3M | 0.05% |
331,600
+74,600
| +29% | +$5.26M |
|
|
FLIR
538
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $23.2M | 0.05% |
719,258
+469,195
| +188% | +$14.9M |
|
|
AHL
539
DELISTED
ASPEN Insurance Holding Limited
AHL
| $23.1M | 0.05% |
528,691
+345,674
| +189% | +$15M |
|
540
Bankunited
BKU
$3.3B
| $23M | 0.05% |
795,423
+449,749
| +130% | +$13.3M |
|
|
AZPN
541
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $23M | 0.05% |
657,587
-57,263
| -8% | -$2.01M |
|
|
HME
542
DELISTED
HOME PROPERTIES, INC
HME
| $23M | 0.05% |
350,001
-138,646
| -28% | -$8.83M |
|
|
RIGP
543
DELISTED
Transocean Partners LLC
RIGP
| $22.9M | 0.05% |
1,568,404
+1,091,645
| +229% | +$22.3M |
|
|
ASRT
544
DELISTED
Assertio
ASRT
| $22.9M | 0.05% |
23,645
-12,012
| -34% | -$11M |
|
545
Meritage Homes
MTH
$4.67B
| $22.8M | 0.05% |
1,267,746
+693,464
| +121% | +$12.7M |
|
|
DO
546
PUT
DELISTED
Diamond Offshore Drilling
DO
| $22.8M | 0.05% |
620,300
-33,000
| -5% | -$1.18M |
|
547
AutoNation
AN
$6.6B
| $22.7M | 0.05% |
376,139
+232,644
| +162% | +$13M |
|
548
Seagate
STX
$193B
| $22.7M | 0.05% |
341,201
+309,160
| +965% | +$19.2M |
|
549
Cathay General Bancorp
CATY
$4.16B
| $22.6M | 0.05% |
884,318
+772,386
| +690% | +$19.6M |
|
|
ECHO
550
EchoStar
ECHO
$25.2B
| $22.6M | 0.05% |
531,638
+153,886
| +41% | +$6.12M |
|
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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.