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 | |
|---|---|---|---|---|---|---|
|
RKT
801
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $11.3M | 0.03% |
237,540
+199,640
| +527% | +$9.91M |
|
|
MDRX
802
DELISTED
Veradigm Inc. Common Stock
MDRX
| $11.3M | 0.03% |
841,935
+632,851
| +303% | +$9.59M |
|
803
Mueller Water Products
MWA
$3.93B
| $11.3M | 0.03% |
1,363,796
-212,868
| -14% | -$1.84M |
|
804
Papa John's
PZZA
$793M
| $11.3M | 0.03% |
282,301
-29,852
| -10% | -$1.22M |
|
|
BDSI
805
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $11.2M | 0.03% |
657,888
+235,285
| +56% | +$3.41M |
|
806
ArcBest
ARCB
$3.01B
| $11.2M | 0.03% |
301,160
+247,619
| +462% | +$9.39M |
|
|
CYBX
807
DELISTED
CYBERONICS INC
CYBX
| $11.2M | 0.03% |
218,896
+124,204
| +131% | +$7.16M |
|
808
Boise Cascade
BCC
$2.87B
| $11.1M | 0.03% |
+369,096
| New | +$10.8M |
|
809
United Natural Foods
UNFI
$2.94B
| $11.1M | 0.03% |
180,644
-47,706
| -21% | -$3M |
|
|
SRCL
810
DELISTED
Stericycle Inc
SRCL
| $11.1M | 0.03% |
95,120
+36,836
| +63% | +$4.35M |
|
|
DRII
811
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $11.1M | 0.03% |
485,943
+411,661
| +554% | +$9.84M |
|
|
QUNR
812
DELISTED
Qunar Cayman Islands Limited
QUNR
| $11M | 0.03% |
398,648
+96,096
| +32% | +$2.77M |
|
|
LLL
813
DELISTED
L3 Technologies, Inc.
LLL
| $11M | 0.03% |
92,657
+4,698
| +5% | +$533K |
|
|
SC
814
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $11M | 0.03% |
+618,428
| New | +$11.7M |
|
815
Essex Property Trust
ESS
$18.9B
| $11M | 0.03% |
61,368
+18,388
| +43% | +$3.47M |
|
816
Lumen
LUMN
$5.85B
| $11M | 0.03% |
268,013
-869,701
| -76% | -$34.2M |
|
|
BRP
817
DELISTED
BROOKFIELD RESIDENTIAL PROPERTIES INC
BRP
| $10.9M | 0.03% |
578,420
-18,096
| -3% | -$358K |
|
818
CALL
AstraZeneca
AZN
$259B
| $10.9M | 0.03% |
152,800
-51,300
| -25% | -$3.75M |
|
819
Toronto Dominion Bank
TD
$193B
| $10.9M | 0.03% |
220,466
-261,620
| -54% | -$13.6M |
|
|
DWA
820
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $10.9M | 0.03% |
399,118
+202,615
| +103% | +$4.52M |
|
821
Diodes
DIOD
$4.13B
| $10.9M | 0.03% |
454,256
+254,490
| +127% | +$6.73M |
|
|
EMBJ
822
Embraer S.A. ADS
EMBJ
$13.6B
| $10.9M | 0.03% |
+276,735
| New | +$10.7M |
|
|
XLS
823
DELISTED
EXELIS INC COM STK
XLS
| $10.8M | 0.03% |
654,648
-357,603
| -35% | -$5.81M |
|
824
Macerich
MAC
$6.91B
| $10.8M | 0.03% |
+168,580
| New | +$11.1M |
|
825
Loews
L
$22.8B
| $10.8M | 0.03% |
258,051
-396,886
| -61% | -$17.1M |
|
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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.