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 | |
|---|---|---|---|---|---|---|
|
TARO
1001
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $7.86M | 0.02% |
51,082
+45,892
| +884% | +$6.91M |
|
|
IRF
1002
CALL
DELISTED
INTL RECTIFIER CORP
IRF
| $7.85M | 0.02% |
+200,000
| New | +$6.49M |
|
1003
Amkor Technology
AMKR
$11.9B
| $7.84M | 0.02% |
932,398
+643,164
| +222% | +$6.36M |
|
|
FLIR
1004
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $7.84M | 0.02% |
250,063
+180,560
| +260% | +$6.07M |
|
|
AHL
1005
DELISTED
ASPEN Insurance Holding Limited
AHL
| $7.83M | 0.02% |
183,017
+178,894
| +4,339% | +$7.6M |
|
|
INFA
1006
DELISTED
INFORMATICA CORP
INFA
| $7.79M | 0.02% |
227,546
-221,885
| -49% | -$7.38M |
|
|
MITT
1007
TPG Mortgage Investment Trust
MITT
$214M
| $7.78M | 0.02% |
145,685
-18,426
| -11% | -$1.05M |
|
|
ANSS
1008
DELISTED
Ansys
ANSS
| $7.77M | 0.02% |
102,741
-129,116
| -56% | -$10.1M |
|
|
VMW
1009
PUT
DELISTED
VMware, Inc
VMW
| $7.76M | 0.02% |
82,700
| – | – |
|
|
RYL
1010
DELISTED
RYLAND GROUP INC
RYL
| $7.74M | 0.02% |
232,890
+81,400
| +54% | +$2.96M |
|
|
CSII
1011
DELISTED
Cardiovascular Systems, Inc.
CSII
| $7.71M | 0.02% |
326,463
+144,560
| +79% | +$4.11M |
|
|
BWP
1012
DELISTED
Boardwalk Pipeline Partners
BWP
| $7.71M | 0.02% |
412,500
+137,500
| +50% | +$2.63M |
|
|
XNPT
1013
DELISTED
XENOPORT, INC.
XNPT
| $7.7M | 0.02% |
1,431,036
-180,402
| -11% | -$879K |
|
1014
Advanced Micro Devices
AMD
$746B
| $7.7M | 0.02% |
2,257,016
+1,265,475
| +128% | +$5.12M |
|
|
CERN
1015
DELISTED
Cerner Corp
CERN
| $7.69M | 0.02% |
129,125
-561,899
| -81% | -$31.6M |
|
|
HPP
1016
Hudson Pacific Properties
HPP
$798M
| $7.69M | 0.02% |
44,547
-34,905
| -44% | -$6.34M |
|
|
VRTV
1017
DELISTED
VERITIV CORPORATION
VRTV
| $7.69M | 0.02% |
+153,600
| New | +$6.52M |
|
|
HT
1018
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $7.68M | 0.02% |
301,370
+119,052
| +65% | +$3.2M |
|
1019
MidCap Financial Investment
MFIC
$801M
| $7.68M | 0.02% |
313,265
-101,646
| -24% | -$2.63M |
|
1020
O-I Glass
OI
$1.11B
| $7.64M | 0.02% |
293,385
+198,129
| +208% | +$6.22M |
|
|
EE
1021
DELISTED
El Paso Electric Company
EE
| $7.63M | 0.02% |
208,620
-62,643
| -23% | -$2.37M |
|
|
ENDP
1022
DELISTED
Endo International plc
ENDP
| $7.62M | 0.02% |
111,456
-481,965
| -81% | -$31.7M |
|
1023
Yum! Brands
YUM
$42.9B
| $7.6M | 0.02% |
146,924
+91,124
| +163% | +$4.85M |
|
|
FNFV
1024
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $7.6M | 0.02% |
+724,708
| New | +$8.64M |
|
|
CTCT
1025
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $7.58M | 0.02% |
279,311
+253,433
| +979% | +$7.93M |
|
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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.