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 | |
|---|---|---|---|---|---|---|
876
SiriusXM
SIRI
$9.59B
| $12.1M | 0.03% |
344,770
+294,770
| +590% | +$10.1M |
|
877
Inogen
INGN
$146M
| $12.1M | 0.03% |
384,385
+261,010
| +212% | +$6.32M |
|
|
ARRS
878
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $12.1M | 0.03% |
399,355
-373,911
| -48% | -$10.6M |
|
879
Federated Hermes
FHI
$4.83B
| $12M | 0.03% |
365,897
+174,651
| +91% | +$5.4M |
|
880
W.R. Berkley
WRB
$25.9B
| $12M | 0.03% |
+793,223
| New | +$11.9M |
|
881
Ciena
CIEN
$52.7B
| $12M | 0.03% |
618,277
+340,005
| +122% | +$5.68M |
|
882
Bio-Rad Laboratories Class A
BIO
$10.2B
| $12M | 0.03% |
99,539
-8,684
| -8% | -$999K |
|
883
lululemon athletica
LULU
$13.9B
| $12M | 0.03% |
214,861
-310,744
| -59% | -$14.2M |
|
|
ALE
884
DELISTED
Allete
ALE
| $11.9M | 0.03% |
215,969
-48,486
| -18% | -$2.48M |
|
|
FDO
885
PUT
DELISTED
FAMILY DOLLAR STORES
FDO
| $11.9M | 0.03% |
150,000
| – | – |
|
886
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $11.9M | 0.03% |
100,000
-200,000
| -67% | -$22.5M |
|
|
STL
887
DELISTED
Sterling Bancorp
STL
| $11.9M | 0.03% |
+825,868
| New | +$11.2M |
|
|
ARI
888
Apollo Commercial Real Estate
ARI
$883M
| $11.9M | 0.03% |
725,762
-109,694
| -13% | -$1.8M |
|
|
QIHU
889
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $11.9M | 0.03% |
206,992
-137,666
| -40% | -$9.08M |
|
|
ELNK
890
DELISTED
EarthLink Holdings Corp.
ELNK
| $11.8M | 0.03% |
2,696,826
-1,494,321
| -36% | -$5.88M |
|
891
Dana Inc
DAN
$3.24B
| $11.8M | 0.03% |
543,935
+86,024
| +19% | +$1.74M |
|
892
Kinross Gold
KGC
$39.1B
| $11.8M | 0.03% |
4,185,095
+386,706
| +10% | +$1.08M |
|
893
ArcBest
ARCB
$3.01B
| $11.8M | 0.03% |
254,484
-46,676
| -15% | -$1.89M |
|
894
Caleres
CAL
$459M
| $11.8M | 0.03% |
366,406
+284,407
| +347% | +$8.25M |
|
|
EQY
895
DELISTED
Equity One
EQY
| $11.8M | 0.03% |
464,525
-1,549,784
| -77% | -$37M |
|
|
CIR
896
DELISTED
CIRCOR International, Inc
CIR
| $11.8M | 0.03% |
+195,399
| New | +$12.9M |
|
|
SNBR
897
DELISTED
Sleep Number
SNBR
| $11.8M | 0.02% |
434,741
+396,614
| +1,040% | +$9.88M |
|
898
Raymond James Financial
RJF
$34B
| $11.7M | 0.02% |
306,419
+25,596
| +9% | +$939K |
|
899
Tidewater
TDW
$4.62B
| $11.7M | 0.02% |
11,186
+10,073
| +905% | +$11.4M |
|
900
Vanda Pharmaceuticals
VNDA
$322M
| $11.6M | 0.02% |
812,770
+193,191
| +31% | +$2.29M |
|
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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.