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 | |
|---|---|---|---|---|---|---|
|
MDCO
651
DELISTED
Medicines Co
MDCO
| $18.2M | 0.04% |
658,912
+186,110
| +39% | +$4.61M |
|
652
Signet Jewelers
SIG
$3.25B
| $18.2M | 0.04% |
138,425
-126,372
| -48% | -$15.3M |
|
653
Owens Corning
OC
$11.6B
| $18.2M | 0.04% |
508,554
-12,766
| -2% | -$424K |
|
654
Boise Cascade
BCC
$2.87B
| $18.1M | 0.04% |
488,221
+119,125
| +32% | +$4.1M |
|
655
Canadian Solar
CSIQ
$976M
| $18.1M | 0.04% |
748,720
+361,913
| +94% | +$9.85M |
|
|
LBMH
656
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $18.1M | 0.04% |
6,230,000
| – | – |
|
|
HR
657
DELISTED
Healthcare Realty Trust Incorporated
HR
| $18.1M | 0.04% |
660,895
-721,372
| -52% | -$18.8M |
|
|
K
658
CALL
DELISTED
Kellanova
K
| $18.1M | 0.04% |
293,834
+154,106
| +110% | +$9.25M |
|
|
LCI
659
DELISTED
Lannett Company, Inc.
LCI
| $18M | 0.04% |
105,139
+57,533
| +121% | +$10.7M |
|
660
The Greenbrier Companies
GBX
$1.42B
| $18M | 0.04% |
335,198
+315,200
| +1,576% | +$17.8M |
|
661
Williams-Sonoma
WSM
$28.2B
| $18M | 0.04% |
475,962
-68,112
| -13% | -$2.36M |
|
662
Brunswick
BC
$5.27B
| $18M | 0.04% |
351,214
-578,041
| -62% | -$27.1M |
|
663
Prothena Corp
PRTA
$483M
| $18M | 0.04% |
867,046
+202,196
| +30% | +$4.22M |
|
664
Olin
OLN
$2.01B
| $18M | 0.04% |
+790,348
| New | +$19.2M |
|
|
AVOL
665
DELISTED
AVOLON HLDGS LTD SHS (CYM)
AVOL
| $18M | 0.04% |
+907,328
| New | +$17.2M |
|
666
Delek US
DK
$4.15B
| $17.9M | 0.04% |
657,684
-589,852
| -47% | -$17.8M |
|
667
ICU Medical
ICUI
$4.54B
| $17.9M | 0.04% |
218,931
+152,397
| +229% | +$11.7M |
|
668
Insmed
INSM
$27.1B
| $17.9M | 0.04% |
1,158,574
+142,530
| +14% | +$2.02M |
|
|
BIG
669
DELISTED
Big Lots, Inc.
BIG
| $17.9M | 0.04% |
447,745
-172,569
| -28% | -$7.67M |
|
|
NXTM
670
DELISTED
NxStage Medical Inc.
NXTM
| $17.9M | 0.04% |
998,681
-449,501
| -31% | -$7.24M |
|
|
IOC
671
DELISTED
Interoil Corporation
IOC
| $17.9M | 0.04% |
366,954
+332,569
| +967% | +$17.8M |
|
672
Lamar Advertising Co
LAMR
$15.5B
| $17.9M | 0.04% |
333,610
+316,537
| +1,854% | +$16.3M |
|
673
CALL
Occidental Petroleum
OXY
$60.2B
| $17.9M | 0.04% |
455,074
+212,188
| +87% | +$17.6M |
|
|
BRFS
674
DELISTED
BRF SA
BRFS
| $17.8M | 0.04% |
763,063
+353,881
| +86% | +$8.66M |
|
|
VALE.P
675
DELISTED
Vale S A
VALE.P
| $17.7M | 0.04% |
2,442,907
+626,694
| +35% | +$5.08M |
|
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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.