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 | |
|---|---|---|---|---|---|---|
76
Home Depot
HD
$335B
| $94.9M | 0.2% |
+903,689
| New | +$87.8M |
|
77
Hartford Financial Services
HIG
$36.9B
| $94.1M | 0.2% |
+2,256,811
| New | +$89.3M |
|
|
BRCM
78
DELISTED
BROADCOM CORP CL-A
BRCM
| $94M | 0.2% |
2,170,458
+1,662,049
| +327% | +$68.1M |
|
79
Coca-Cola
KO
$392B
| $93.9M | 0.2% |
+2,223,712
| New | +$95M |
|
80
Steel Dynamics
STLD
$32.8B
| $92.8M | 0.2% |
4,699,916
+1,699,506
| +57% | +$36.6M |
|
|
BHI
81
DELISTED
Baker Hughes
BHI
| $92M | 0.2% |
1,641,703
-4,514,008
| -73% | -$255M |
|
82
Illumina
ILMN
$33.1B
| $91.9M | 0.19% |
511,805
-17,720
| -3% | -$3.12M |
|
83
Cisco
CSCO
$438B
| $91.8M | 0.19% |
3,300,293
+1,761,544
| +114% | +$45.5M |
|
|
INVX
84
Innovex International
INVX
$2.05B
| $90.6M | 0.19% |
1,180,148
+927,517
| +367% | +$77.3M |
|
85
Philip Morris
PM
$293B
| $90.5M | 0.19% |
1,111,709
+883,827
| +388% | +$75.9M |
|
86
Ameren
AEE
$29.4B
| $90.1M | 0.19% |
1,953,568
+1,724,872
| +754% | +$73.3M |
|
87
Vertex Pharmaceuticals
VRTX
$139B
| $89.7M | 0.19% |
755,124
+282,174
| +60% | +$31.8M |
|
88
Lowe's Companies
LOW
$121B
| $89.5M | 0.19% |
1,300,744
+84,010
| +7% | +$5.03M |
|
|
KRFT
89
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $89.4M | 0.19% |
1,427,315
-252,793
| -15% | -$14.8M |
|
90
Edwards Lifesciences
EW
$51.8B
| $89.1M | 0.19% |
4,195,062
+4,195,038
| +17,479,325% | +$84.3M |
|
|
YHOO
91
DELISTED
Yahoo Inc
YHOO
| $87M | 0.18% |
1,722,396
+1,007,906
| +141% | +$47.4M |
|
92
Cencora
COR
$60.7B
| $86.8M | 0.18% |
962,855
+805,715
| +513% | +$69.1M |
|
|
MWE
93
CALL
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $86.7M | 0.18% |
1,290,400
+211,800
| +20% | +$14.8M |
|
94
McKesson
MCK
$100B
| $86.2M | 0.18% |
415,272
+287,367
| +225% | +$58.4M |
|
|
NBL
95
DELISTED
Noble Energy, Inc.
NBL
| $85.5M | 0.18% |
1,801,593
+1,349,902
| +299% | +$73.2M |
|
|
TWX
96
DELISTED
Time Warner Inc
TWX
| $85.3M | 0.18% |
999,176
+2,341
| +0.2% | +$187K |
|
|
SPN
97
DELISTED
Superior Energy Services, Inc.
SPN
| $84M | 0.18% |
416,833
+414,867
| +21,102% | +$97.1M |
|
98
Arthur J. Gallagher & Co
AJG
$67.6B
| $83.8M | 0.18% |
1,780,643
+222,483
| +14% | +$10.4M |
|
|
NRF
99
DELISTED
NorthStar Realty Finance Corp.
NRF
| $83.7M | 0.18% |
2,380,973
+1,246,889
| +110% | +$44.4M |
|
|
SWFT
100
DELISTED
Swift Transportation Company
SWFT
| $83.3M | 0.18% |
2,909,133
+1,207,860
| +71% | +$30.8M |
|
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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.