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 | |
|---|---|---|---|---|---|---|
|
PETM
651
DELISTED
PETSMART INC
PETM
| $14.6M | 0.04% |
+208,260
| New | +$14.5M |
|
652
Kaiser Aluminum
KALU
$2.52B
| $14.5M | 0.04% |
190,676
+186,239
| +4,197% | +$14.4M |
|
|
PWE
653
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $14.5M | 0.04% |
2,150,077
+1,538,113
| +251% | +$12.2M |
|
654
Edgewell Personal Care
EPC
$1.32B
| $14.5M | 0.04% |
158,553
-38,100
| -19% | -$3.41M |
|
655
eBay
EBAY
$46.3B
| $14.5M | 0.04% |
607,460
+97,682
| +19% | +$2.17M |
|
|
COL
656
DELISTED
Rockwell Collins
COL
| $14.4M | 0.04% |
184,044
+180,064
| +4,524% | +$13.8M |
|
657
PUT
Wolfspeed
WOLF
$1.34B
| $14.4M | 0.04% |
+351,600
| New | +$16.2M |
|
|
CCG
658
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $14.4M | 0.04% |
2,249,101
+2,194,496
| +4,019% | +$17.8M |
|
|
ELNK
659
DELISTED
EarthLink Holdings Corp.
ELNK
| $14.3M | 0.04% |
4,191,147
+658,789
| +19% | +$2.59M |
|
|
CLC
660
DELISTED
Clarcor
CLC
| $14.3M | 0.04% |
227,100
+33,241
| +17% | +$2.06M |
|
|
SWC
661
DELISTED
Stillwater Mining Co
SWC
| $14.3M | 0.04% |
951,240
+864,667
| +999% | +$15.5M |
|
|
BYI
662
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
| $14.3M | 0.04% |
177,091
+143,895
| +433% | +$10.5M |
|
663
International Flavors & Fragrances
IFF
$21.5B
| $14.3M | 0.04% |
148,864
+23,550
| +19% | +$2.38M |
|
664
Carpenter Technology
CRS
$24.4B
| $14.3M | 0.04% |
316,048
+160,426
| +103% | +$8.85M |
|
665
CALL
Archrock
AROC
$5.58B
| $14.3M | 0.04% |
321,800
+3,400
| +1% | +$149K |
|
666
Netflix
NFLX
$331B
| $14.2M | 0.04% |
2,209,690
-638,890
| -22% | -$4.14M |
|
|
DF
667
DELISTED
Dean Foods Company
DF
| $14.2M | 0.04% |
+1,072,975
| New | +$17M |
|
|
BMR
668
DELISTED
BIOMED REALTY TRUST INC
BMR
| $14.2M | 0.04% |
701,962
+661,956
| +1,655% | +$14.4M |
|
669
Televisa
TV
$1.47B
| $14.2M | 0.04% |
418,451
-620,427
| -60% | -$22.1M |
|
|
FDO
670
DELISTED
FAMILY DOLLAR STORES
FDO
| $14.2M | 0.04% |
183,426
-404,800
| -69% | -$29.8M |
|
671
Banco Bradesco
BBD
$33.9B
| $14.2M | 0.04% |
2,533,655
+2,083,862
| +463% | +$13M |
|
|
TWC
672
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $14.1M | 0.04% |
98,400
| – | – |
|
673
Canadian National Railway
CNI
$78.5B
| $14.1M | 0.04% |
198,627
+168,627
| +562% | +$11.7M |
|
674
National Health Investors
NHI
$3.6B
| $14.1M | 0.04% |
246,267
+166,115
| +207% | +$10.3M |
|
675
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $14.1M | 0.04% |
220,114
+66,360
| +43% | +$4.16M |
|
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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.