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 | |
|---|---|---|---|---|---|---|
751
Highwoods Properties
HIW
$3.5B
| $12.3M | 0.03% |
316,231
-60,834
| -16% | -$2.54M |
|
|
NETI
752
DELISTED
Eneti Inc.
NETI
| $12.3M | 0.03% |
18,922
-9,530
| -33% | -$8.44M |
|
753
Mid-America Apartment Communities
MAA
$15.5B
| $12.3M | 0.03% |
187,073
+111,150
| +146% | +$7.92M |
|
754
Carlisle Companies
CSL
$14.4B
| $12.3M | 0.03% |
152,759
+121,897
| +395% | +$10.1M |
|
755
Bio-Rad Laboratories Class A
BIO
$10.2B
| $12.3M | 0.03% |
108,223
-58,806
| -35% | -$6.97M |
|
756
Black Hills Corp
BKH
$5.51B
| $12.3M | 0.03% |
256,034
+223,220
| +680% | +$12M |
|
757
Manulife Financial
MFC
$70.8B
| $12.3M | 0.03% |
636,454
+579,314
| +1,014% | +$11.7M |
|
758
United Parcel Service
UPS
$87.1B
| $12.2M | 0.03% |
124,120
+26,287
| +27% | +$2.61M |
|
|
AWH
759
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $12.2M | 0.03% |
+330,942
| New | +$12.3M |
|
|
PQUE
760
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $12.2M | 0.03% |
2,168,099
+1,889,977
| +680% | +$10.6M |
|
761
CALL
Ulta Beauty
ULTA
$23.2B
| $12.2M | 0.03% |
103,100
+3,800
| +4% | +$378K |
|
|
IMOS
762
ChipMOS TECHNOLOGIES
IMOS
$1.9B
| $12.2M | 0.03% |
488,032
+31,381
| +7% | +$824K |
|
763
Cencora
COR
$61.5B
| $12.1M | 0.03% |
+157,140
| New | +$11.9M |
|
|
AAN.A
764
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $12.1M | 0.03% |
+498,320
| New | +$12.1M |
|
|
QLIK
765
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $12.1M | 0.03% |
448,106
-620,709
| -58% | -$16.3M |
|
|
PTLA
766
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $12.1M | 0.03% |
476,776
+313,198
| +191% | +$8.25M |
|
767
Jefferies Financial Group
JEF
$11.9B
| $12M | 0.03% |
562,963
+195,049
| +53% | +$4.39M |
|
|
VOLC
768
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $12M | 0.03% |
1,127,479
+413,237
| +58% | +$5.73M |
|
769
CALL
Kirby Corp
KEX
$7.31B
| $12M | 0.03% |
+101,600
| New | +$12.1M |
|
770
Adeia
ADEA
$2.91B
| $11.9M | 0.03% |
1,697,035
+732,500
| +76% | +$5.11M |
|
|
GXP
771
DELISTED
Great Plains Energy Incorporated
GXP
| $11.9M | 0.03% |
491,522
+323,436
| +192% | +$8.21M |
|
|
NBIS
772
Nebius Group N.V.
NBIS
$57.7B
| $11.9M | 0.03% |
+426,814
| New | +$12.9M |
|
773
Franco-Nevada
FNV
$51.7B
| $11.9M | 0.03% |
+242,523
| New | +$13.5M |
|
774
Charter Communications
CHTR
$17.9B
| $11.8M | 0.03% |
78,253
-8,407
| -10% | -$1.33M |
|
775
Ally Financial
ALLY
$13B
| $11.8M | 0.03% |
511,313
+426,313
| +502% | +$10.2M |
|
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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.