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 | |
|---|---|---|---|---|---|---|
|
DHC
776
Diversified Healthcare Trust
DHC
$1.94B
| $11.8M | 0.03% |
+570,275
| New | +$12.9M |
|
777
First Financial Bancorp
FFBC
$3.46B
| $11.8M | 0.03% |
746,964
+287,070
| +62% | +$4.76M |
|
778
Invesco
IVZ
$14.3B
| $11.8M | 0.03% |
298,674
-172,942
| -37% | -$6.8M |
|
779
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $11.8M | 0.03% |
+283,201
| New | +$12.5M |
|
|
ALE
780
DELISTED
Allete
ALE
| $11.7M | 0.03% |
264,455
-279,134
| -51% | -$13.4M |
|
|
KMP
781
PUT
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
| $11.7M | 0.03% |
+125,700
| New | +$11.2M |
|
782
PUT
Pultegroup
PHM
$24.7B
| $11.7M | 0.03% |
663,600
+3,200
| +0.5% | +$60.3K |
|
783
Rayonier
RYN
$6.31B
| $11.7M | 0.03% |
414,168
+343,230
| +484% | +$10.5M |
|
|
CVC
784
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $11.6M | 0.03% |
664,990
+97,480
| +17% | +$1.8M |
|
|
ORIG
785
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $11.6M | 0.03% |
78
-44
| -36% | -$7.25M |
|
786
Sherwin-Williams
SHW
$84.2B
| $11.6M | 0.03% |
+159,198
| New | +$11.3M |
|
787
ON Semiconductor
ON
$28B
| $11.6M | 0.03% |
1,299,677
-1,532,442
| -54% | -$14.2M |
|
|
GGP
788
DELISTED
GGP Inc.
GGP
| $11.6M | 0.03% |
492,184
-627,017
| -56% | -$15M |
|
|
FDO
789
PUT
DELISTED
FAMILY DOLLAR STORES
FDO
| $11.6M | 0.03% |
+150,000
| New | +$11.1M |
|
790
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $11.6M | 0.03% |
+569,573
| New | +$11.5M |
|
791
CALL
Becton Dickinson
BDX
$52B
| $11.6M | 0.03% |
+104,243
| New | +$11.9M |
|
|
FWLT
792
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $11.6M | 0.03% |
+365,617
| New | +$11.9M |
|
793
Dentsply Sirona
XRAY
$2.17B
| $11.6M | 0.03% |
253,357
+126,307
| +99% | +$5.94M |
|
794
Goldman Sachs
GS
$302B
| $11.5M | 0.03% |
62,439
+59,727
| +2,202% | +$10.5M |
|
795
Invesco Mortgage Capital
IVR
$805M
| $11.4M | 0.03% |
72,798
+34,954
| +92% | +$5.98M |
|
|
MNTA
796
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $11.4M | 0.03% |
1,006,834
+245,666
| +32% | +$2.8M |
|
|
ICON
797
DELISTED
Iconix Brand Group, Inc.
ICON
| $11.4M | 0.03% |
30,879
+21,607
| +233% | +$8.92M |
|
798
Bruker
BRKR
$8.68B
| $11.4M | 0.03% |
613,466
-100,043
| -14% | -$2.14M |
|
|
SIAL
799
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $11.4M | 0.03% |
+83,476
| New | +$8.87M |
|
800
D.R. Horton
DHI
$41.7B
| $11.3M | 0.03% |
552,872
+340,023
| +160% | +$7.49M |
|
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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.