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 | |
|---|---|---|---|---|---|---|
601
Gen Digital
GEN
$17.3B
| $20.1M | 0.04% |
784,101
-88,014
| -10% | -$2.19M |
|
602
FerroAtlántica
GSM
$762M
| $20M | 0.04% |
1,163,203
+295,623
| +34% | +$5.12M |
|
603
TechnipFMC
FTI
$30.4B
| $20M | 0.04% |
573,866
+531,732
| +1,262% | +$20.2M |
|
604
Middleby
MIDD
$5.22B
| $20M | 0.04% |
201,722
-37,958
| -16% | -$3.47M |
|
605
Strategy Inc
MSTR
$47.4B
| $20M | 0.04% |
1,229,210
+743,290
| +153% | +$11.7M |
|
|
PKY
606
DELISTED
Parkway, Inc.
PKY
| $19.9M | 0.04% |
1,081,936
-548,532
| -34% | -$10.5M |
|
607
Enova International
ENVA
$6.05B
| $19.9M | 0.04% |
+893,561
| New | +$20.3M |
|
608
Invesco Mortgage Capital
IVR
$809M
| $19.9M | 0.04% |
128,585
+55,787
| +77% | +$9M |
|
|
TIVO
609
DELISTED
TIVO INC
TIVO
| $19.9M | 0.04% |
1,677,603
+691,376
| +70% | +$8.65M |
|
|
INXN
610
DELISTED
Interxion Holding N.V.
INXN
| $19.8M | 0.04% |
724,846
+44,074
| +6% | +$1.19M |
|
611
Tenet Healthcare
THC
$22.6B
| $19.7M | 0.04% |
389,060
+223,945
| +136% | +$11.7M |
|
|
WRI
612
DELISTED
Weingarten Realty Investors
WRI
| $19.7M | 0.04% |
564,458
+382,953
| +211% | +$13.3M |
|
613
T-Mobile US
TMUS
$196B
| $19.7M | 0.04% |
731,419
-575,567
| -44% | -$15.9M |
|
614
General Mills
GIS
$21.4B
| $19.7M | 0.04% |
368,718
-362,440
| -50% | -$18.7M |
|
|
FSL
615
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $19.6M | 0.04% |
778,725
+105,751
| +16% | +$2.2M |
|
|
ARG
616
DELISTED
Airgas Inc
ARG
| $19.6M | 0.04% |
170,307
+162,561
| +2,099% | +$18.3M |
|
617
Itaú Unibanco
ITUB
$82.4B
| $19.6M | 0.04% |
3,757,161
-5,003,209
| -57% | -$28.1M |
|
|
SAVE
618
DELISTED
Spirit Airlines, Inc.
SAVE
| $19.6M | 0.04% |
259,173
+227,828
| +727% | +$16.3M |
|
619
CALL
Devon Energy
DVN
$54B
| $19.5M | 0.04% |
318,500
+122,300
| +62% | +$7.41M |
|
620
Lincoln National
LNC
$8.07B
| $19.5M | 0.04% |
337,753
-32,324
| -9% | -$1.76M |
|
|
INVX
621
CALL
Innovex International
INVX
$2.05B
| $19.5M | 0.04% |
253,700
| – | – |
|
622
United Parcel Service
UPS
$86.8B
| $19.5M | 0.04% |
175,079
+50,959
| +41% | +$5.38M |
|
623
Energy Transfer Partners
ET
$73B
| $19.2M | 0.04% |
670,000
+498,000
| +290% | +$14.3M |
|
624
CALL
Constellation Brands
STZ
$23.2B
| $19.1M | 0.04% |
195,000
+113,800
| +140% | +$10.4M |
|
|
SYT
625
DELISTED
Syngenta Ag
SYT
| $19.1M | 0.04% |
297,753
-134,179
| -31% | -$8.46M |
|
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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.