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 | |
|---|---|---|---|---|---|---|
|
IMPV
726
DELISTED
Imperva, Inc.
IMPV
| $15.6M | 0.03% |
315,166
+279,365
| +780% | +$11.2M |
|
727
Equinix
EQIX
$104B
| $15.5M | 0.03% |
68,477
+45,004
| +192% | +$9.73M |
|
728
Kimberly-Clark
KMB
$37B
| $15.5M | 0.03% |
134,255
-635,684
| -83% | -$70.5M |
|
729
Assurant
AIZ
$14.2B
| $15.5M | 0.03% |
225,918
+118,662
| +111% | +$7.9M |
|
|
CBST
730
PUT
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $15.4M | 0.03% |
+153,500
| New | +$11.9M |
|
731
Procter & Gamble
PG
$341B
| $15.4M | 0.03% |
+169,400
| New | +$14.9M |
|
732
ENI
E
$79.7B
| $15.4M | 0.03% |
441,854
+432,873
| +4,820% | +$17.3M |
|
733
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $15.4M | 0.03% |
192,919
+22,983
| +14% | +$1.84M |
|
|
SNI
734
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $15.4M | 0.03% |
204,823
+99,882
| +95% | +$7.63M |
|
735
Intuit
INTU
$101B
| $15.4M | 0.03% |
166,910
+11,013
| +7% | +$980K |
|
|
TCF
736
DELISTED
TCF Financial Corporation Common Stock
TCF
| $15.3M | 0.03% |
500,321
-51,043
| -9% | -$1.47M |
|
737
Kilroy Realty
KRC
$4.29B
| $15.3M | 0.03% |
220,988
-292,457
| -57% | -$19.5M |
|
738
American Airlines Group
AAL
$9.02B
| $15.3M | 0.03% |
284,478
-596,566
| -68% | -$25.7M |
|
|
APC
739
CALL
DELISTED
Anadarko Petroleum
APC
| $15.2M | 0.03% |
184,600
+2,200
| +1% | +$192K |
|
740
CALL
Medtronic
MDT
$119B
| $15.2M | 0.03% |
210,700
+110,700
| +111% | +$7.69M |
|
741
AngloGold Ashanti
AU
$60.9B
| $15.2M | 0.03% |
1,747,493
+958,299
| +121% | +$9.04M |
|
742
Oaktree Specialty Lending
OCSL
$1.16B
| $15.2M | 0.03% |
632,484
+332,281
| +111% | +$8.59M |
|
743
Lincoln Electric
LECO
$15.4B
| $15.2M | 0.03% |
219,762
+90,225
| +70% | +$6.3M |
|
|
ALJ
744
DELISTED
Alon USA Energy Inc
ALJ
| $15.2M | 0.03% |
1,196,593
-2,089,814
| -64% | -$30M |
|
|
TWC
745
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $15.1M | 0.03% |
99,624
-577,628
| -85% | -$83.3M |
|
|
YOKU
746
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $15.1M | 0.03% |
849,135
+696,763
| +457% | +$12.9M |
|
747
Pacira BioSciences
PCRX
$991M
| $15M | 0.03% |
169,274
+87,275
| +106% | +$8.26M |
|
748
McCormick & Company Non-Voting
MKC
$15.1B
| $15M | 0.03% |
403,710
+236,978
| +142% | +$8.48M |
|
|
TWC
749
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $15M | 0.03% |
98,400
| – | – |
|
750
Televisa
TV
$1.48B
| $14.9M | 0.03% |
437,021
+18,570
| +4% | +$645K |
|
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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.