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 | |
|---|---|---|---|---|---|---|
926
Archer Daniels Midland
ADM
$37.7B
| $8.9M | 0.02% |
174,204
+67,241
| +63% | +$3.3M |
|
|
NS
927
DELISTED
NuStar Energy L.P.
NS
| $8.9M | 0.02% |
135,000
+52,500
| +64% | +$3.4M |
|
928
Radian Group
RDN
$4.86B
| $8.87M | 0.02% |
621,973
-424,670
| -41% | -$5.94M |
|
|
SKX
929
DELISTED
Skechers
SKX
| $8.84M | 0.02% |
497,445
-148,314
| -23% | -$2.71M |
|
|
SSE
930
DELISTED
SEVENTY SEVEN ENERGY INC COM
SSE
| $8.83M | 0.02% |
+371,933
| New | +$8.87M |
|
|
FOLD
931
DELISTED
Amicus Therapeutics
FOLD
| $8.81M | 0.02% |
1,481,034
+1,167,075
| +372% | +$6.11M |
|
932
Watsco Inc
WSO
$12.8B
| $8.8M | 0.02% |
102,162
+81,909
| +404% | +$7.57M |
|
|
KNGT
933
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $8.8M | 0.02% |
321,263
+250,115
| +352% | +$6.85M |
|
|
ACRE
934
Ares Commercial Real Estate
ACRE
$262M
| $8.79M | 0.02% |
751,631
+275,084
| +58% | +$3.42M |
|
935
Dana Inc
DAN
$3.24B
| $8.78M | 0.02% |
+457,911
| New | +$10.4M |
|
936
Ameren
AEE
$29.7B
| $8.77M | 0.02% |
228,696
+201,589
| +744% | +$7.88M |
|
|
LXK
937
DELISTED
Lexmark Intl Inc
LXK
| $8.76M | 0.02% |
+206,072
| New | +$9.95M |
|
938
GATX Corp
GATX
$6.3B
| $8.74M | 0.02% |
149,820
+145,705
| +3,541% | +$9.41M |
|
|
WIBC
939
DELISTED
WILSHIRE BANCORP INC
WIBC
| $8.73M | 0.02% |
946,036
+764,808
| +422% | +$7.36M |
|
|
PDS
940
Precision Drilling
PDS
$1.13B
| $8.72M | 0.02% |
40,392
+8,962
| +29% | +$2.23M |
|
941
eHealth
EHTH
$39.4M
| $8.71M | 0.02% |
361,096
+137,804
| +62% | +$3.76M |
|
|
B
942
DELISTED
Barnes Group Inc.
B
| $8.71M | 0.02% |
+287,019
| New | +$10.1M |
|
|
LCI
943
DELISTED
Lannett Company, Inc.
LCI
| $8.7M | 0.02% |
+47,606
| New | +$7.62M |
|
944
Becton Dickinson
BDX
$52B
| $8.67M | 0.02% |
+78,073
| New | +$8.9M |
|
945
Silicon Laboratories
SLAB
$7.28B
| $8.64M | 0.02% |
212,548
+197,171
| +1,282% | +$8.67M |
|
|
GLUU
946
DELISTED
Glu Mobile Inc.
GLUU
| $8.64M | 0.02% |
1,670,439
+674,427
| +68% | +$3.77M |
|
947
Canadian Natural Resources
CNQ
$104B
| $8.59M | 0.02% |
457,672
+315,230
| +221% | +$6.51M |
|
948
Arrow Electronics
ARW
$10.3B
| $8.58M | 0.02% |
155,088
+143,031
| +1,186% | +$8.63M |
|
|
CXO
949
DELISTED
CONCHO RESOURCES INC.
CXO
| $8.58M | 0.02% |
68,401
-284,127
| -81% | -$38.9M |
|
|
INFA
950
CALL
DELISTED
INFORMATICA CORP
INFA
| $8.56M | 0.02% |
250,000
+244,300
| +4,286% | +$8.12M |
|
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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.