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 | |
|---|---|---|---|---|---|---|
51
Tenaris
TS
$26.6B
| $118M | 0.25% |
3,900,405
+3,854,329
| +8,365% | +$138M |
|
52
Ally Financial
ALLY
$13.1B
| $118M | 0.25% |
4,977,354
+4,466,041
| +873% | +$101M |
|
53
Invesco
IVZ
$14.1B
| $116M | 0.25% |
2,934,378
+2,635,704
| +882% | +$104M |
|
|
QEP
54
DELISTED
QEP RESOURCES, INC.
QEP
| $115M | 0.24% |
5,696,912
+4,426,380
| +348% | +$103M |
|
|
ANDV
55
DELISTED
Andeavor
ANDV
| $113M | 0.24% |
1,523,985
+1,402,436
| +1,154% | +$98.9M |
|
56
Johnson & Johnson
JNJ
$651B
| $111M | 0.24% |
1,066,242
+1,043,939
| +4,681% | +$110M |
|
57
Adobe
ADBE
$109B
| $111M | 0.24% |
1,532,526
+899,982
| +142% | +$63.1M |
|
|
UMPQ
58
DELISTED
Umpqua Holdings Corp
UMPQ
| $110M | 0.23% |
6,445,225
+4,955,902
| +333% | +$83.9M |
|
|
SDRL
59
DELISTED
Seadrill Limited Common Stock
SDRL
| $110M | 0.23% |
34,275
+34,155
| +28,463% | +$172M |
|
60
Pfizer
PFE
$160B
| $109M | 0.23% |
3,689,402
+2,904,638
| +370% | +$83.3M |
|
61
Gilead Sciences
GILD
$181B
| $108M | 0.23% |
1,140,916
+448,623
| +65% | +$46.4M |
|
62
Zions Bancorporation
ZION
$9.95B
| $107M | 0.23% |
3,767,054
+2,421,548
| +180% | +$68.3M |
|
|
RDC
63
DELISTED
Rowan Companies Plc
RDC
| $107M | 0.23% |
4,597,891
-1,475,188
| -24% | -$34.1M |
|
64
United Therapeutics
UTHR
$22B
| $107M | 0.23% |
823,474
-166,258
| -17% | -$21.4M |
|
65
Baidu
BIDU
$31.6B
| $106M | 0.23% |
465,840
+282,576
| +154% | +$64.8M |
|
66
Amgen
AMGN
$238B
| $105M | 0.22% |
661,431
+513,124
| +346% | +$80M |
|
|
RAD
67
DELISTED
Rite Aid Corporation
RAD
| $105M | 0.22% |
698,979
+417,569
| +148% | +$46.4M |
|
68
PPG Industries
PPG
$25.3B
| $105M | 0.22% |
904,196
+14,916
| +2% | +$1.55M |
|
69
Cognizant
CTSH
$27.9B
| $101M | 0.21% |
1,909,775
+998,630
| +110% | +$49.9M |
|
|
MRD
70
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $100M | 0.21% |
5,546,054
+3,227,986
| +139% | +$72.2M |
|
71
Costco
COST
$420B
| $99.5M | 0.21% |
701,798
+592,029
| +539% | +$80.5M |
|
72
Zimmer Biomet
ZBH
$19.3B
| $97.8M | 0.21% |
888,596
-391,555
| -31% | -$41.3M |
|
|
SRC
73
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $97.6M | 0.21% |
1,829,629
+616,405
| +51% | +$32.1M |
|
74
PepsiCo
PEP
$196B
| $97.4M | 0.21% |
1,030,117
+6,441
| +0.6% | +$618K |
|
75
Archrock
AROC
$5.58B
| $95.8M | 0.2% |
2,939,512
+832,642
| +40% | +$29.7M |
|
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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.