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 | |
|---|---|---|---|---|---|---|
|
IOC
551
CALL
DELISTED
Interoil Corporation
IOC
| $22.6M | 0.05% |
463,100
| – | – |
|
|
CVA
552
DELISTED
Covanta Holding Corporation
CVA
| $22.6M | 0.05% |
1,025,949
-662,664
| -39% | -$14.9M |
|
|
ICON
553
DELISTED
Iconix Brand Group, Inc.
ICON
| $22.6M | 0.05% |
66,818
+35,939
| +116% | +$13.6M |
|
|
PARA
554
CALL
DELISTED
Paramount Global Class B
PARA
| $22.4M | 0.05% |
+405,600
| New | +$21.6M |
|
|
TARO
555
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $22.4M | 0.05% |
151,077
+99,995
| +196% | +$14.7M |
|
|
SPWR
556
DELISTED
SunPower Corporation Common Stock
SPWR
| $22.3M | 0.05% |
+1,320,644
| New | +$24.5M |
|
|
TRAK
557
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $22.3M | 0.05% |
503,475
+394,325
| +361% | +$17.6M |
|
558
PTC
PTC
$16.8B
| $22.3M | 0.05% |
607,275
-57,544
| -9% | -$2.13M |
|
|
OUTR
559
DELISTED
OUTERWALL INC
OUTR
| $22.2M | 0.05% |
295,786
-10,736
| -4% | -$688K |
|
560
Ryder
R
$9.58B
| $22.1M | 0.05% |
238,168
-129,629
| -35% | -$11.6M |
|
|
RHT
561
DELISTED
Red Hat Inc
RHT
| $22.1M | 0.05% |
319,701
+26,749
| +9% | +$1.62M |
|
|
TTPH
562
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $22M | 0.05% |
27,752
+2,732
| +11% | +$1.47M |
|
|
VISN
563
Vistance Networks Inc
VISN
$2.59B
| $21.9M | 0.05% |
960,867
-780,880
| -45% | -$17.4M |
|
564
Pitney Bowes
PBI
$2.26B
| $21.9M | 0.05% |
899,384
-183,285
| -17% | -$4.48M |
|
|
TE
565
DELISTED
TECO ENERGY INC
TE
| $21.9M | 0.05% |
1,069,585
+867,863
| +430% | +$16.8M |
|
566
Ralph Lauren
RL
$22.2B
| $21.9M | 0.05% |
118,271
-196,750
| -62% | -$34M |
|
|
CIT
567
DELISTED
CIT Group Inc.
CIT
| $21.8M | 0.05% |
456,115
-112,887
| -20% | -$5.36M |
|
|
CMA.WS
568
DELISTED
Comerica Incorporated Ws
CMA.WS
| $21.7M | 0.05% |
1,207,596
-95,652
| -7% | -$1.7M |
|
|
CYBX
569
DELISTED
CYBERONICS INC
CYBX
| $21.7M | 0.05% |
389,187
+170,291
| +78% | +$8.91M |
|
570
Sabra Healthcare REIT
SBRA
$5.21B
| $21.6M | 0.05% |
711,353
-374,057
| -34% | -$10.3M |
|
|
CTXS
571
DELISTED
Citrix Systems Inc
CTXS
| $21.6M | 0.05% |
424,606
-30,816
| -7% | -$1.59M |
|
572
TSMC
TSM
$2.17T
| $21.6M | 0.05% |
963,830
-138,992
| -13% | -$3.03M |
|
|
WCC
573
WESCO International
WCC
$17B
| $21.6M | 0.05% |
282,972
+196,640
| +228% | +$15.5M |
|
|
WPG
574
DELISTED
Washington Prime Group Inc.
WPG
| $21.4M | 0.05% |
138,113
-30,742
| -18% | -$4.76M |
|
|
TGI
575
DELISTED
Triumph Group
TGI
| $21.3M | 0.05% |
+316,607
| New | +$20.8M |
|
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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.