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 | |
|---|---|---|---|---|---|---|
|
OUTR
576
DELISTED
OUTERWALL INC
OUTR
| $17.2M | 0.04% |
306,522
-1,105
| -0.4% | -$64.1K |
|
577
Alexandria Real Estate Equities
ARE
$9.26B
| $17.1M | 0.04% |
231,913
-30,799
| -12% | -$2.4M |
|
578
Cenovus Energy
CVE
$59.6B
| $17.1M | 0.04% |
+635,616
| New | +$19.4M |
|
579
Hyatt Hotels
H
$16.8B
| $17.1M | 0.04% |
282,146
-85,721
| -23% | -$5.22M |
|
580
AXIS Capital
AXS
$7.26B
| $17M | 0.04% |
359,613
-153,256
| -30% | -$7.08M |
|
581
Welltower
WELL
$172B
| $16.8M | 0.04% |
269,458
-485,927
| -64% | -$31.3M |
|
|
YELL
582
DELISTED
Yellow Corporation Common Stock
YELL
| $16.8M | 0.04% |
825,699
+756,922
| +1,101% | +$18.1M |
|
|
WLB
583
DELISTED
Westmoreland Coal Company
WLB
| $16.7M | 0.04% |
+447,054
| New | +$18.2M |
|
584
Glacier Bancorp
GBCI
$6.11B
| $16.7M | 0.04% |
646,354
+275,090
| +74% | +$7.46M |
|
585
SM Energy
SM
$8.67B
| $16.7M | 0.04% |
214,083
-306,068
| -59% | -$25M |
|
586
Spectrum Brands
SPB
$2.02B
| $16.7M | 0.04% |
184,373
-60,536
| -25% | -$5.2M |
|
|
WFT
587
CALL
DELISTED
Weatherford International plc
WFT
| $16.7M | 0.04% |
839,000
+638,300
| +318% | +$14.3M |
|
588
PACCAR
PCAR
$68.2B
| $16.7M | 0.04% |
439,271
+36,219
| +9% | +$1.51M |
|
|
SFG
589
DELISTED
STANCORP FINL GRP
SFG
| $16.7M | 0.04% |
263,587
+256,243
| +3,489% | +$16.2M |
|
|
EVHC
590
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $16.6M | 0.04% |
159,971
+22,209
| +16% | +$2.36M |
|
591
Owens Corning
OC
$11.6B
| $16.6M | 0.04% |
521,320
+499,615
| +2,302% | +$17.6M |
|
|
BKW
592
DELISTED
BURGER KING WORLDWIDE
BKW
| $16.5M | 0.04% |
557,968
+507,390
| +1,003% | +$14.5M |
|
593
State Street Energy Select Sector SPDR ETF
XLE
$41.4B
| $16.5M | 0.04% |
364,296
+253,596
| +229% | +$12.3M |
|
594
Sonida Senior Living
SNDA
$1.9B
| $16.5M | 0.04% |
51,790
+21,601
| +72% | +$7.54M |
|
|
RHT
595
DELISTED
Red Hat Inc
RHT
| $16.4M | 0.04% |
292,952
+205,952
| +237% | +$12M |
|
|
HOLX
596
DELISTED
Hologic
HOLX
| $16.4M | 0.04% |
672,410
+40,223
| +6% | +$1.02M |
|
597
Mohawk Industries
MHK
$9.09B
| $16.4M | 0.04% |
121,296
+42,118
| +53% | +$5.79M |
|
598
Green Plains
GPRE
$1.05B
| $16.3M | 0.04% |
+436,241
| New | +$17.4M |
|
|
CSR
599
Centerspace
CSR
$911M
| $16.3M | 0.04% |
211,603
+208,586
| +6,914% | +$17.5M |
|
|
DWRE
600
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $16.3M | 0.04% |
319,520
+180,017
| +129% | +$10.2M |
|
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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.