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 | |
|---|---|---|---|---|---|---|
876
Bunge Global
BG
$21.2B
| $9.8M | 0.02% |
116,382
-61,746
| -35% | -$4.98M |
|
877
Lithia Motors
LAD
$8.1B
| $9.8M | 0.02% |
129,430
+129,423
| +1,848,900% | +$11.5M |
|
|
BRFS
878
DELISTED
BRF SA
BRFS
| $9.73M | 0.02% |
409,182
+156,889
| +62% | +$3.95M |
|
879
Encompass Health
EHC
$11.9B
| $9.71M | 0.02% |
330,725
+271,994
| +463% | +$8.29M |
|
880
Southwest Gas
SWX
$6.49B
| $9.7M | 0.02% |
199,668
+15,720
| +9% | +$803K |
|
881
Lesaka Technologies
LSAK
$392M
| $9.65M | 0.02% |
801,063
+657,818
| +459% | +$7.77M |
|
882
Carter's
CRI
$1.26B
| $9.65M | 0.02% |
124,482
-250,870
| -67% | -$19.4M |
|
|
ACOR
883
DELISTED
Acorda Therapeutics
ACOR
| $9.61M | 0.02% |
2,365
-3,515
| -60% | -$13.2M |
|
884
Intrepid Potash
IPI
$510M
| $9.61M | 0.02% |
+62,177
| New | +$9.58M |
|
|
BMS
885
DELISTED
Bemis
BMS
| $9.58M | 0.02% |
252,048
-151,838
| -38% | -$6.05M |
|
886
Comcast
CMCSA
$95.9B
| $9.54M | 0.02% |
354,894
-336,038
| -49% | -$9.21M |
|
887
VanEck Oil Services ETF
OIH
$1.94B
| $9.48M | 0.02% |
9,560
+7,910
| +479% | +$8.59M |
|
888
AngloGold Ashanti
AU
$60.9B
| $9.47M | 0.02% |
789,194
+541,684
| +219% | +$8.85M |
|
889
Timken Company
TKR
$8.5B
| $9.46M | 0.02% |
223,115
-148,135
| -40% | -$6.82M |
|
890
NCR Voyix
VYX
$1.1B
| $9.44M | 0.02% |
460,581
+411,681
| +842% | +$8.35M |
|
891
DHT Holdings
DHT
$3.18B
| $9.44M | 0.02% |
1,531,990
+1,310,527
| +592% | +$8.87M |
|
892
Flex
FLEX
$39.4B
| $9.43M | 0.02% |
1,212,473
-31,501
| -3% | -$257K |
|
893
Align Technology
ALGN
$11.3B
| $9.41M | 0.02% |
+182,095
| New | +$9.92M |
|
|
KND
894
DELISTED
Kindred Healthcare
KND
| $9.37M | 0.02% |
482,808
+14,920
| +3% | +$325K |
|
|
MCF
895
DELISTED
Contango Oil & Gas Co.
MCF
| $9.37M | 0.02% |
281,781
+252,124
| +850% | +$9.84M |
|
896
Provident Financial Services
PFS
$3.07B
| $9.34M | 0.02% |
570,298
+179,241
| +46% | +$3.03M |
|
897
Equifax
EFX
$22.9B
| $9.33M | 0.02% |
+124,820
| New | +$9.51M |
|
898
Teleflex
TFX
$5.86B
| $9.33M | 0.02% |
88,801
-2,362
| -3% | -$253K |
|
899
Jack Henry & Associates
JKHY
$12.1B
| $9.32M | 0.02% |
167,538
+149,008
| +804% | +$8.68M |
|
|
GOLD
900
DELISTED
Randgold Resources Ltd
GOLD
| $9.32M | 0.02% |
139,873
+97,699
| +232% | +$7.86M |
|
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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.