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 | |
|---|---|---|---|---|---|---|
951
NXP Semiconductors
NXPI
$56.1B
| $8.56M | 0.02% |
125,043
-341,044
| -73% | -$22.7M |
|
|
AMED
952
DELISTED
Amedisys
AMED
| $8.53M | 0.02% |
423,104
+408,504
| +2,798% | +$7.88M |
|
953
Genworth Financial
GNW
$3.74B
| $8.51M | 0.02% |
649,412
+472,292
| +267% | +$6.83M |
|
954
Spire
SR
$4.87B
| $8.48M | 0.02% |
182,840
-902,802
| -83% | -$43.3M |
|
955
Pentair
PNR
$10.1B
| $8.46M | 0.02% |
192,395
-387,112
| -67% | -$17.9M |
|
|
ARIA
956
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $8.44M | 0.02% |
1,563,229
+1,426,429
| +1,043% | +$8.33M |
|
|
SCHW
957
Charles Schwab
SCHW
$197B
| $8.44M | 0.02% |
287,120
+279,610
| +3,723% | +$7.92M |
|
958
Agree Realty
ADC
$9.28B
| $8.44M | 0.02% |
308,134
-64,733
| -17% | -$1.91M |
|
|
SJI
959
DELISTED
South Jersey Industries, Inc.
SJI
| $8.43M | 0.02% |
+315,936
| New | +$8.87M |
|
960
Integer Holdings
ITGR
$4.25B
| $8.42M | 0.02% |
216,763
+89,781
| +71% | +$3.84M |
|
961
Wendy's
WEN
$1.69B
| $8.42M | 0.02% |
1,019,052
-103,129
| -9% | -$845K |
|
|
SD
962
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $8.39M | 0.02% |
1,956,161
+578,041
| +42% | +$3.23M |
|
963
Donaldson
DCI
$10.7B
| $8.38M | 0.02% |
206,137
+196,268
| +1,989% | +$7.99M |
|
|
SFS
964
DELISTED
Smart & Final Stores, Inc.
SFS
| $8.37M | 0.02% |
+580,195
| New | +$7.8M |
|
965
CALL
KKR & Co
KKR
$96.3B
| $8.31M | 0.02% |
+372,600
| New | +$8.74M |
|
966
Alkermes
ALKS
$8.2B
| $8.3M | 0.02% |
193,727
+152,013
| +364% | +$6.81M |
|
967
General Dynamics
GD
$104B
| $8.29M | 0.02% |
+65,272
| New | +$7.93M |
|
|
MGLN
968
DELISTED
Magellan Health Services, Inc.
MGLN
| $8.28M | 0.02% |
151,312
-141,832
| -48% | -$8.14M |
|
|
DOC
969
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $8.28M | 0.02% |
603,121
+252,865
| +72% | +$3.62M |
|
970
Oaktree Specialty Lending
OCSL
$1.16B
| $8.27M | 0.02% |
300,203
+251,718
| +519% | +$7.35M |
|
971
Evertec
EVTC
$1.77B
| $8.24M | 0.02% |
368,911
+71,727
| +24% | +$1.64M |
|
972
EOG Resources
EOG
$78.8B
| $8.24M | 0.02% |
83,194
-266,771
| -76% | -$29M |
|
|
BBBY
973
DELISTED
Bed Bath & Beyond Inc
BBBY
| $8.22M | 0.02% |
124,927
-19,748
| -14% | -$1.24M |
|
|
SIAL
974
CALL
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $8.21M | 0.02% |
+60,400
| New | +$6.42M |
|
|
MASI
975
DELISTED
Masimo
MASI
| $8.2M | 0.02% |
385,401
+97,248
| +34% | +$2.22M |
|
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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.