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 | |
|---|---|---|---|---|---|---|
576
International Paper
IP
$22B
| $21.3M | 0.05% |
+419,229
| New | +$20.5M |
|
|
ACHN
577
DELISTED
Achillion Pharmaceuticals
ACHN
| $21.3M | 0.05% |
1,735,963
+350,798
| +25% | +$4.28M |
|
578
Deutsche Bank
DB
$71.1B
| $21.2M | 0.04% |
789,252
+772,932
| +4,736% | +$21.7M |
|
579
Yum! Brands
YUM
$41.8B
| $21.1M | 0.04% |
403,323
+256,399
| +175% | +$13.4M |
|
580
eBay
EBAY
$46.3B
| $21.1M | 0.04% |
892,753
+285,293
| +47% | +$6.47M |
|
|
FMSA
581
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $21M | 0.04% |
+3,039,456
| New | +$33.3M |
|
|
CERN
582
DELISTED
Cerner Corp
CERN
| $21M | 0.04% |
325,200
+196,075
| +152% | +$12.2M |
|
|
INFI
583
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $21M | 0.04% |
1,241,145
+32,165
| +3% | +$468K |
|
|
FBC
584
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $20.9M | 0.04% |
1,326,105
-265,651
| -17% | -$4.15M |
|
|
EXL
585
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $20.8M | 0.04% |
1,555,088
-583,673
| -27% | -$7.47M |
|
|
PPS
586
DELISTED
Post Properties
PPS
| $20.8M | 0.04% |
+353,851
| New | +$19.9M |
|
|
MHR
587
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $20.8M | 0.04% |
6,614,255
+702,980
| +12% | +$3M |
|
588
iShares MSCI Hong Kong ETF
EWH
$1.28B
| $20.5M | 0.04% |
1,000,000
+979,466
| +4,770% | +$20.6M |
|
|
PWE
589
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $20.5M | 0.04% |
9,841,715
+7,691,638
| +358% | +$30.3M |
|
|
ORIG
590
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $20.4M | 0.04% |
239
+161
| +206% | +$18.1M |
|
|
MACK
591
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $20.3M | 0.04% |
228,506
-24,578
| -10% | -$1.79M |
|
592
SEI Investments
SEIC
$13.1B
| $20.3M | 0.04% |
507,366
-11,307
| -2% | -$433K |
|
|
SRCI
593
DELISTED
SRC Energy Inc
SRCI
| $20.3M | 0.04% |
1,619,757
+1,339,892
| +479% | +$15.2M |
|
|
BECN
594
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $20.3M | 0.04% |
+729,021
| New | +$19.8M |
|
|
BEAV
595
DELISTED
B/E Aerospace Inc
BEAV
| $20.2M | 0.04% |
348,356
-278,059
| -44% | -$15.5M |
|
596
Unum
UNM
$13.9B
| $20.2M | 0.04% |
579,355
+190,482
| +49% | +$6.43M |
|
|
BPL
597
CALL
DELISTED
Buckeye Partners, L.P.
BPL
| $20.2M | 0.04% |
266,400
| – | – |
|
|
PVA
598
DELISTED
PENN VIRGINIA CORP
PVA
| $20.1M | 0.04% |
3,015,992
-323,447
| -10% | -$2.44M |
|
|
RAI
599
DELISTED
Reynolds American Inc
RAI
| $20.1M | 0.04% |
626,636
-325,628
| -34% | -$10.3M |
|
|
CBST
600
CALL
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $20.1M | 0.04% |
+200,000
| New | +$15.5M |
|
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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.