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 | |
|---|---|---|---|---|---|---|
551
FTI Consulting
FCN
$4.3B
| $18M | 0.05% |
514,777
+241,116
| +88% | +$8.9M |
|
|
LVNTA
552
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $18M | 0.05% |
473,158
+307,607
| +186% | +$11.3M |
|
553
Cboe Global Markets
CBOE
$31.4B
| $17.9M | 0.05% |
334,186
+156,632
| +88% | +$8.01M |
|
554
Alliant Energy
LNT
$17.6B
| $17.8M | 0.05% |
643,196
-670,690
| -51% | -$19.3M |
|
555
Acuity Brands
AYI
$10.3B
| $17.8M | 0.05% |
151,064
+117,231
| +346% | +$13.8M |
|
|
POT
556
DELISTED
Potash Corp Of Saskatchewan
POT
| $17.7M | 0.04% |
+512,529
| New | +$18.2M |
|
557
Allison Transmission
ALSN
$11B
| $17.7M | 0.04% |
621,504
-67,926
| -10% | -$2.06M |
|
|
UNT
558
DELISTED
UNIT Corporation
UNT
| $17.7M | 0.04% |
301,715
-27,555
| -8% | -$1.77M |
|
|
CPN
559
DELISTED
Calpine Corporation
CPN
| $17.7M | 0.04% |
814,919
+244,397
| +43% | +$5.53M |
|
560
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $17.7M | 0.04% |
869,386
+625,047
| +256% | +$12.6M |
|
561
Marvell Technology
MRVL
$213B
| $17.7M | 0.04% |
1,310,729
-299,134
| -19% | -$4.12M |
|
|
VALE.P
562
DELISTED
Vale S A
VALE.P
| $17.6M | 0.04% |
1,816,213
+1,432,172
| +373% | +$17M |
|
563
Dolby
DLB
$6.11B
| $17.6M | 0.04% |
+421,915
| New | +$18.7M |
|
|
SAPE
564
DELISTED
SAPIENT CORP
SAPE
| $17.6M | 0.04% |
1,255,738
+529,934
| +73% | +$7.86M |
|
565
PG&E
PCG
$38.8B
| $17.5M | 0.04% |
388,459
-406,046
| -51% | -$18.7M |
|
|
MACK
566
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $17.5M | 0.04% |
253,084
-8,182
| -3% | -$437K |
|
|
LPNT
567
DELISTED
LifePoint Health, Inc.
LPNT
| $17.5M | 0.04% |
252,652
-155,928
| -38% | -$11M |
|
568
Waters Corp
WAT
$40.4B
| $17.4M | 0.04% |
175,156
+140,641
| +407% | +$14.5M |
|
569
Ironwood Pharmaceuticals
IRWD
$709M
| $17.3M | 0.04% |
1,596,650
-2,424,438
| -60% | -$27.8M |
|
|
FCS
570
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $17.2M | 0.04% |
1,110,487
+1,050,310
| +1,745% | +$17M |
|
571
Dover
DOV
$27.2B
| $17.2M | 0.04% |
265,672
+143,054
| +117% | +$10.1M |
|
572
RPM International
RPM
$13.9B
| $17.2M | 0.04% |
376,423
+116,315
| +45% | +$5.34M |
|
573
Cummins
CMI
$80.9B
| $17.2M | 0.04% |
130,558
+116,324
| +817% | +$16.8M |
|
|
NUAN
574
DELISTED
Nuance Communications, Inc.
NUAN
| $17.2M | 0.04% |
1,291,103
+889,403
| +221% | +$13.2M |
|
575
Corning
GLW
$129B
| $17.2M | 0.04% |
889,916
+624,812
| +236% | +$13M |
|
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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.