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 | |
|---|---|---|---|---|---|---|
76
Illumina
ILMN
$33.1B
| $84.4M | 0.21% |
529,525
+457,468
| +635% | +$76.5M |
|
|
XEC
77
DELISTED
CIMAREX ENERGY CO
XEC
| $84M | 0.21% |
664,007
-588,860
| -47% | -$81.4M |
|
|
MWE
78
CALL
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $82.9M | 0.21% |
1,078,600
-163,400
| -13% | -$12.2M |
|
|
NFX
79
DELISTED
Newfield Exploration
NFX
| $81.8M | 0.21% |
2,207,517
+134,229
| +6% | +$5.57M |
|
80
Citigroup
C
$221B
| $81.1M | 0.21% |
1,565,274
-104,643
| -6% | -$5.26M |
|
|
WFT
81
DELISTED
Weatherford International plc
WFT
| $80.6M | 0.2% |
3,877,338
+680,825
| +21% | +$15.3M |
|
|
PDCE
82
DELISTED
PDC Energy, Inc.
PDCE
| $80.3M | 0.2% |
1,596,068
+962,566
| +152% | +$54.3M |
|
|
WBA
83
DELISTED
Walgreens Boots Alliance
WBA
| $80M | 0.2% |
1,349,304
+1,023,832
| +315% | +$67.2M |
|
84
Edison International
EIX
$27.5B
| $79.8M | 0.2% |
1,427,740
-1,385,945
| -49% | -$79.2M |
|
85
Williams Companies
WMB
$86.2B
| $79.8M | 0.2% |
1,440,981
-885,565
| -38% | -$50.9M |
|
86
Kimberly-Clark
KMB
$36.4B
| $79.4M | 0.2% |
+769,939
| New | +$80.2M |
|
|
ATVI
87
DELISTED
Activision Blizzard
ATVI
| $79.1M | 0.2% |
3,802,588
-1,624,636
| -30% | -$36.9M |
|
88
Fidelity National Information Services
FIS
$21.3B
| $76.7M | 0.19% |
1,362,641
+469,928
| +53% | +$26.6M |
|
|
LVLT
89
DELISTED
Level 3 Communications Inc
LVLT
| $76.6M | 0.19% |
1,675,051
+759,834
| +83% | +$33.7M |
|
90
Nabors Industries
NBR
$1.37B
| $76.6M | 0.19% |
67,293
-9,999
| -13% | -$13.3M |
|
91
CMS Energy
CMS
$21.4B
| $76.5M | 0.19% |
2,578,203
-1,970,337
| -43% | -$58.8M |
|
|
SWN
92
DELISTED
Southwestern Energy Company
SWN
| $75.9M | 0.19% |
2,172,935
-1,131,739
| -34% | -$45.3M |
|
93
Chipotle Mexican Grill
CMG
$46.7B
| $75.4M | 0.19% |
5,657,250
+5,382,250
| +1,957% | +$70.5M |
|
94
Perrigo
PRGO
$1.98B
| $75.2M | 0.19% |
501,008
+474,238
| +1,772% | +$70.7M |
|
|
TWX
95
DELISTED
Time Warner Inc
TWX
| $75M | 0.19% |
996,835
+222,656
| +29% | +$17.3M |
|
|
XL
96
DELISTED
XL Group Ltd.
XL
| $74.8M | 0.19% |
2,256,498
+919,271
| +69% | +$30.7M |
|
97
McDonald's
MCD
$192B
| $74.3M | 0.19% |
783,276
-125,836
| -14% | -$12M |
|
|
ATW
98
DELISTED
Atwood Oceanics
ATW
| $74.2M | 0.19% |
1,698,297
+471,561
| +38% | +$22.6M |
|
|
SEMG
99
DELISTED
SEMGROUP CORPORATION
SEMG
| $73.8M | 0.19% |
885,801
-422,449
| -32% | -$34.8M |
|
100
Gilead Sciences
GILD
$181B
| $73.7M | 0.19% |
692,293
-167,742
| -20% | -$16.4M |
|
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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.