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 | |
|---|---|---|---|---|---|---|
|
AF
851
DELISTED
Astoria Financial Corporation
AF
| $12.7M | 0.03% |
948,152
-176,428
| -16% | -$2.28M |
|
852
Penske Automotive Group
PAG
$14.3B
| $12.6M | 0.03% |
256,241
-189,974
| -43% | -$8.67M |
|
853
First Financial Bancorp
FFBC
$3.46B
| $12.5M | 0.03% |
672,950
-74,014
| -10% | -$1.28M |
|
854
Antero Resources
AR
$11.7B
| $12.5M | 0.03% |
308,026
+273,521
| +793% | +$13.1M |
|
|
PLCM
855
DELISTED
POLYCOM INC
PLCM
| $12.5M | 0.03% |
925,357
+438,246
| +90% | +$5.59M |
|
856
CALL
Valero Energy
VLO
$99.6B
| $12.5M | 0.03% |
251,600
-17,700
| -7% | -$857K |
|
857
O-I Glass
OI
$1.11B
| $12.4M | 0.03% |
461,235
+167,850
| +57% | +$4.31M |
|
858
Northrop Grumman
NOC
$78B
| $12.4M | 0.03% |
84,372
-13,179
| -14% | -$1.81M |
|
|
EJ
859
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $12.4M | 0.03% |
1,711,330
+1,674,973
| +4,607% | +$14.4M |
|
|
BBT
860
Beacon Financial Corp
BBT
$2.65B
| $12.4M | 0.03% |
464,482
+76,607
| +20% | +$1.92M |
|
861
Harley-Davidson
HOG
$2.94B
| $12.4M | 0.03% |
187,622
-266,568
| -59% | -$17.2M |
|
|
BRCD
862
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $12.3M | 0.03% |
1,040,764
+596,748
| +134% | +$6.48M |
|
863
BGC Group
BGC
$5.68B
| $12.3M | 0.03% |
2,091,722
+716,752
| +52% | +$3.85M |
|
864
CoreCivic
CXW
$3.35B
| $12.3M | 0.03% |
338,068
+124,793
| +59% | +$4.49M |
|
865
Silicon Laboratories
SLAB
$7.28B
| $12.3M | 0.03% |
257,395
+44,847
| +21% | +$1.98M |
|
866
Charles River Laboratories
CRL
$14.3B
| $12.2M | 0.03% |
192,175
+87,032
| +83% | +$5.46M |
|
|
MDRX
867
DELISTED
Veradigm Inc. Common Stock
MDRX
| $12.2M | 0.03% |
956,880
+114,945
| +14% | +$1.46M |
|
|
AHT
868
Ashford Hospitality Trust
AHT
$21.5M
| $12.2M | 0.03% |
1,179
+539
| +84% | +$5.43M |
|
|
ADVS
869
DELISTED
Advent Software Inc
ADVS
| $12.2M | 0.03% |
397,523
+273,987
| +222% | +$8.75M |
|
|
ERF
870
DELISTED
Enerplus Corporation
ERF
| $12.2M | 0.03% |
1,267,831
+939,800
| +286% | +$12.7M |
|
871
Gentherm
THRM
$1.21B
| $12.2M | 0.03% |
331,903
+323,203
| +3,715% | +$12.6M |
|
872
Huron Consulting
HURN
$2.59B
| $12.1M | 0.03% |
177,402
-135,498
| -43% | -$9.06M |
|
|
ESRX
873
DELISTED
Express Scripts Holding Company
ESRX
| $12.1M | 0.03% |
143,296
-158,187
| -52% | -$12.4M |
|
874
Arch Capital
ACGL
$34.5B
| $12.1M | 0.03% |
614,580
-637,464
| -51% | -$12.1M |
|
875
CF Industries
CF
$19.6B
| $12.1M | 0.03% |
221,500
-1,643,690
| -88% | -$86.7M |
|
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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.