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 | |
|---|---|---|---|---|---|---|
|
CYT
701
DELISTED
CYTEC INDS INC
CYT
| $13.5M | 0.03% |
+285,669
| New | +$14.7M |
|
702
REX American Resources
REX
$1.4B
| $13.5M | 0.03% |
1,111,818
+1,059,372
| +2,020% | +$15.7M |
|
|
OWW
703
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $13.5M | 0.03% |
1,714,160
+1,103,592
| +181% | +$9.45M |
|
704
Hershey
HSY
$38.1B
| $13.5M | 0.03% |
141,328
-446,183
| -76% | -$41.3M |
|
705
Freeport-McMoran
FCX
$110B
| $13.4M | 0.03% |
+411,943
| New | +$15M |
|
706
ScottsMiracle-Gro
SMG
$3.48B
| $13.4M | 0.03% |
243,413
+67,197
| +38% | +$3.78M |
|
707
CALL
Devon Energy
DVN
$52.8B
| $13.4M | 0.03% |
196,200
-700
| -0.4% | -$52.1K |
|
|
SE
708
DELISTED
Spectra Energy Corp Wi
SE
| $13.4M | 0.03% |
+340,654
| New | +$14M |
|
709
Unum
UNM
$14.1B
| $13.4M | 0.03% |
388,873
-6,476
| -2% | -$228K |
|
|
WEB
710
DELISTED
Web.com Group, Inc.
WEB
| $13.4M | 0.03% |
669,543
+362,645
| +118% | +$8.13M |
|
|
AWAY
711
DELISTED
HOMEAWAY INC COM
AWAY
| $13.3M | 0.03% |
375,630
+122,222
| +48% | +$4.08M |
|
712
Sunstone Hotel Investors
SHO
$2.08B
| $13.3M | 0.03% |
963,478
-168,263
| -15% | -$2.44M |
|
|
FOE
713
DELISTED
Ferro Corporation
FOE
| $13.3M | 0.03% |
918,279
+881,606
| +2,404% | +$11.8M |
|
714
Old National Bancorp
ONB
$9.86B
| $13.3M | 0.03% |
1,023,729
+132,500
| +15% | +$1.79M |
|
715
Insmed
INSM
$27.2B
| $13.3M | 0.03% |
1,016,044
-504,852
| -33% | -$7.61M |
|
|
PACW
716
DELISTED
PacWest Bancorp
PACW
| $13.1M | 0.03% |
318,900
-245,866
| -44% | -$10.3M |
|
717
IDEX
IEX
$17.2B
| $13.1M | 0.03% |
181,632
+157,284
| +646% | +$12.1M |
|
|
FSL
718
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $13.1M | 0.03% |
672,974
+129,850
| +24% | +$2.77M |
|
|
MOVE
719
DELISTED
MOVE INC COM STK NEW (DE)
MOVE
| $13.1M | 0.03% |
626,937
+178,973
| +40% | +$2.69M |
|
|
ARI
720
Apollo Commercial Real Estate
ARI
$882M
| $13.1M | 0.03% |
835,456
-93,538
| -10% | -$1.55M |
|
721
Option Care Health
OPCH
$3.56B
| $13M | 0.03% |
471,366
+69,539
| +17% | +$2.16M |
|
|
ELGX
722
DELISTED
Endologix Inc
ELGX
| $13M | 0.03% |
122,797
+59,697
| +95% | +$8.32M |
|
|
CAVM
723
DELISTED
Cavium, Inc.
CAVM
| $13M | 0.03% |
261,310
-26,490
| -9% | -$1.34M |
|
|
GRUB
724
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $12.9M | 0.03% |
188,700
+133,078
| +239% | +$9.84M |
|
725
Vornado Realty Trust
VNO
$7.19B
| $12.9M | 0.03% |
+176,007
| New | +$13.6M |
|
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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.