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 | |
|---|---|---|---|---|---|---|
|
IRC
676
DELISTED
INLAND REAL ESTATE CORP
IRC
| $14.1M | 0.04% |
1,419,520
+1,262,044
| +801% | +$13.1M |
|
677
First Industrial Realty Trust
FR
$8.38B
| $14.1M | 0.04% |
831,614
+784,074
| +1,649% | +$14.3M |
|
|
SNDK
678
DELISTED
SANDISK CORP
SNDK
| $14M | 0.04% |
143,167
-180,100
| -56% | -$17.6M |
|
|
SGI
679
Somnigroup International
SGI
$13.4B
| $14M | 0.04% |
+998,292
| New | +$14.6M |
|
680
Yelp
YELP
$1.29B
| $13.9M | 0.04% |
204,349
+114,664
| +128% | +$8.54M |
|
|
AF
681
DELISTED
Astoria Financial Corporation
AF
| $13.9M | 0.04% |
+1,124,580
| New | +$14.7M |
|
682
Zoetis
ZTS
$31.8B
| $13.9M | 0.04% |
376,953
-189,739
| -33% | -$6.5M |
|
|
ATHN
683
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $13.9M | 0.04% |
+105,700
| New | +$13.9M |
|
684
Iron Mountain
IRM
$35.5B
| $13.9M | 0.04% |
424,521
-8,818
| -2% | -$286K |
|
685
Monster Beverage
MNST
$96B
| $13.9M | 0.04% |
1,814,148
-2,130,612
| -54% | -$14M |
|
686
Canadian Solar
CSIQ
$970M
| $13.8M | 0.04% |
+386,807
| New | +$12.5M |
|
|
CNQR
687
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $13.8M | 0.04% |
+109,063
| New | +$11.1M |
|
|
ACHN
688
DELISTED
Achillion Pharmaceuticals
ACHN
| $13.8M | 0.04% |
1,385,165
+935,251
| +208% | +$8.68M |
|
|
HCBK
689
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $13.8M | 0.04% |
1,422,128
+1,220,820
| +606% | +$12M |
|
|
FL
690
DELISTED
Foot Locker
FL
| $13.8M | 0.03% |
248,077
-246,842
| -50% | -$13M |
|
|
IHS
691
DELISTED
IHS INC CL-A COM STK
IHS
| $13.8M | 0.03% |
110,118
+99,013
| +892% | +$13.4M |
|
692
Anika Therapeutics
ANIK
$292M
| $13.8M | 0.03% |
375,829
+253,405
| +207% | +$11M |
|
693
Costco
COST
$430B
| $13.8M | 0.03% |
+109,769
| New | +$13.3M |
|
694
Jones Lang LaSalle
JLL
$17.7B
| $13.7M | 0.03% |
108,762
+70,571
| +185% | +$9.18M |
|
695
HF Sinclair
DINO
$16.7B
| $13.7M | 0.03% |
+314,153
| New | +$14.7M |
|
|
EQC
696
DELISTED
Equity Commonwealth
EQC
| $13.7M | 0.03% |
532,263
+412,890
| +346% | +$11M |
|
|
WR
697
DELISTED
Westar Energy Inc
WR
| $13.7M | 0.03% |
400,964
+320,964
| +401% | +$11.6M |
|
698
Intuit
INTU
$101B
| $13.7M | 0.03% |
155,897
-759,872
| -83% | -$63.1M |
|
|
MMP
699
CALL
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $13.6M | 0.03% |
161,800
| – | – |
|
700
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $13.6M | 0.03% |
169,936
+14,575
| +9% | +$1.17M |
|
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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.