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 | |
|---|---|---|---|---|---|---|
951
Fortune Brands Innovations
FBIN
$5.37B
| $10.6M | 0.02% |
275,157
+86,363
| +46% | +$3.16M |
|
|
PQUE
952
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $10.6M | 0.02% |
2,844,571
+676,472
| +31% | +$2.53M |
|
|
AGN
953
CALL
DELISTED
Allergan Inc
AGN
| $10.6M | 0.02% |
+50,000
| New | +$9.94M |
|
954
Veeva Systems
VEEV
$40.4B
| $10.6M | 0.02% |
402,449
+304,987
| +313% | +$8.58M |
|
955
Saia
SAIA
$9.32B
| $10.6M | 0.02% |
191,837
+60,981
| +47% | +$3.18M |
|
956
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $10.6M | 0.02% |
218,962
+182,192
| +495% | +$8.62M |
|
|
WBC
957
DELISTED
WABCO HOLDINGS INC.
WBC
| $10.6M | 0.02% |
101,154
+98,917
| +4,422% | +$9.79M |
|
|
REGI
958
DELISTED
Renewable Energy Group, Inc.
REGI
| $10.5M | 0.02% |
+1,083,422
| New | +$10.8M |
|
|
EXCU
959
DELISTED
Exelon Corporation
EXCU
| $10.5M | 0.02% |
200,000
| – | – |
|
960
Wendy's
WEN
$1.69B
| $10.5M | 0.02% |
1,161,752
+142,700
| +14% | +$1.2M |
|
|
CEB
961
DELISTED
CEB Inc.
CEB
| $10.5M | 0.02% |
144,649
-115,204
| -44% | -$7.92M |
|
962
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $10.5M | 0.02% |
39,623
-103,134
| -72% | -$26.4M |
|
963
Moog Inc Class A
MOG.A
$12B
| $10.5M | 0.02% |
141,264
+126,547
| +860% | +$9.15M |
|
|
ETFC
964
DELISTED
E*Trade Financial Corporation
ETFC
| $10.4M | 0.02% |
430,644
-663,376
| -61% | -$14.9M |
|
|
TRNX
965
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $10.4M | 0.02% |
407,181
-850,977
| -68% | -$21.7M |
|
|
PMC
966
DELISTED
PharMerica Corporation
PMC
| $10.4M | 0.02% |
501,251
+282,690
| +129% | +$6.71M |
|
|
HPTX
967
DELISTED
HYPERION THERAPEUTICS INC COM STK (DE)
HPTX
| $10.3M | 0.02% |
430,831
+317,198
| +279% | +$7.15M |
|
|
CS
968
DELISTED
Credit Suisse Group
CS
| $10.3M | 0.02% |
411,163
+277,757
| +208% | +$7.28M |
|
|
AGN
969
CALL
DELISTED
Allergan plc
AGN
| $10.3M | 0.02% |
40,000
-25,000
| -38% | -$6.25M |
|
|
PTLA
970
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $10.3M | 0.02% |
362,791
-113,985
| -24% | -$3.17M |
|
|
WFT
971
CALL
DELISTED
Weatherford International plc
WFT
| $10.2M | 0.02% |
900,400
+61,400
| +7% | +$920K |
|
|
KATE
972
DELISTED
Kate Spade & Company
KATE
| $10.2M | 0.02% |
320,001
-703,301
| -69% | -$20.1M |
|
|
FCH
973
DELISTED
Felcor Lodging Trust
FCH
| $10.2M | 0.02% |
946,681
+225,574
| +31% | +$2.32M |
|
974
Universal Corp
UVV
$1.14B
| $10.2M | 0.02% |
232,385
-102,429
| -31% | -$4.32M |
|
975
Grand Canyon Education
LOPE
$3.85B
| $10.2M | 0.02% |
+218,730
| New | +$9.76M |
|
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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.