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 | |
|---|---|---|---|---|---|---|
726
Telefônica Brasil
VIV
$18.3B
| $12.9M | 0.03% |
653,970
+572,504
| +703% | +$11.6M |
|
|
PRA
727
DELISTED
ProAssurance
PRA
| $12.9M | 0.03% |
291,816
+192,250
| +193% | +$8.66M |
|
728
Northrop Grumman
NOC
$78.1B
| $12.9M | 0.03% |
97,551
+55,621
| +133% | +$7.02M |
|
|
ANAC
729
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $12.8M | 0.03% |
525,124
+136,611
| +35% | +$2.78M |
|
730
Outfront Media
OUT
$5.28B
| $12.8M | 0.03% |
571,783
+154,268
| +37% | +$3.77M |
|
|
GHDX
731
DELISTED
Genomic Health, Inc.
GHDX
| $12.8M | 0.03% |
452,440
+100,692
| +29% | +$2.81M |
|
|
GLOG
732
DELISTED
GASLOG LTD
GLOG
| $12.8M | 0.03% |
581,879
+193,083
| +50% | +$4.97M |
|
733
Metallus
MTUS
$781M
| $12.8M | 0.03% |
+275,199
| New | +$12.7M |
|
|
WWAV
734
DELISTED
The WhiteWave Foods Company
WWAV
| $12.7M | 0.03% |
350,566
+195,971
| +127% | +$6.54M |
|
|
TIVO
735
DELISTED
TIVO INC
TIVO
| $12.6M | 0.03% |
986,227
-71,831
| -7% | -$965K |
|
736
Hanover Insurance
THG
$7.91B
| $12.6M | 0.03% |
205,210
-28,180
| -12% | -$1.75M |
|
|
NLSN
737
DELISTED
Nielsen Holdings plc
NLSN
| $12.6M | 0.03% |
283,907
+199,143
| +235% | +$9.36M |
|
738
BorgWarner
BWA
$13.1B
| $12.6M | 0.03% |
271,604
+46,344
| +21% | +$2.54M |
|
739
PUT
Golar LNG
GLNG
$5.27B
| $12.5M | 0.03% |
188,900
+7,500
| +4% | +$475K |
|
740
Kinross Gold
KGC
$38.7B
| $12.5M | 0.03% |
3,798,389
-2,474,434
| -39% | -$9.71M |
|
|
BPFH
741
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $12.5M | 0.03% |
1,010,313
+653,603
| +183% | +$8.24M |
|
742
Ametek
AME
$55B
| $12.5M | 0.03% |
249,174
+60,037
| +32% | +$3.12M |
|
|
RIGP
743
DELISTED
Transocean Partners LLC
RIGP
| $12.5M | 0.03% |
+476,759
| New | +$12.2M |
|
744
AstraZeneca
AZN
$258B
| $12.5M | 0.03% |
174,565
-118,674
| -40% | -$8.69M |
|
|
PNK
745
DELISTED
Pinnacle Entertainment Inc.
PNK
| $12.5M | 0.03% |
496,721
-228,672
| -32% | -$5.61M |
|
746
CALL
Valero Energy
VLO
$99.6B
| $12.5M | 0.03% |
+269,300
| New | +$13.6M |
|
|
HK
747
DELISTED
Halcon Resources Corporation
HK
| $12.4M | 0.03% |
+18,214
| New | +$17.8M |
|
|
ISBC
748
DELISTED
Investors Bancorp, Inc.
ISBC
| $12.4M | 0.03% |
1,224,073
+917,767
| +300% | +$9.7M |
|
749
Vishay Intertechnology
VSH
$4.62B
| $12.3M | 0.03% |
861,831
-196,283
| -19% | -$3.01M |
|
750
Lockheed Martin
LMT
$130B
| $12.3M | 0.03% |
67,308
+16,465
| +32% | +$2.8M |
|
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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.