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 | |
|---|---|---|---|---|---|---|
|
HLSS
1026
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $7.55M | 0.02% |
356,345
-322,870
| -48% | -$7.13M |
|
|
CBI
1027
DELISTED
Chicago Bridge & Iron Nv
CBI
| $7.53M | 0.02% |
130,074
+16,114
| +14% | +$1.02M |
|
1028
Cousins Properties
CUZ
$4.94B
| $7.52M | 0.02% |
223,015
+181,182
| +433% | +$6.45M |
|
|
NS
1029
CALL
DELISTED
NuStar Energy L.P.
NS
| $7.52M | 0.02% |
114,000
+44,000
| +63% | +$2.85M |
|
|
ISLE
1030
DELISTED
Isle of Capri Casinos Inc
ISLE
| $7.5M | 0.02% |
1,000,612
+977,164
| +4,167% | +$7.92M |
|
1031
Nokia
NOK
$55.6B
| $7.5M | 0.02% |
886,923
-2,500,225
| -74% | -$20.1M |
|
1032
Skyworks Solutions
SWKS
$10.1B
| $7.5M | 0.02% |
129,177
-721,499
| -85% | -$38.5M |
|
|
BWP
1033
CALL
DELISTED
Boardwalk Pipeline Partners
BWP
| $7.48M | 0.02% |
400,000
-550,000
| -58% | -$10.5M |
|
|
CELG
1034
CALL
DELISTED
Celgene Corp
CELG
| $7.47M | 0.02% |
78,800
-10,200
| -11% | -$920K |
|
|
BBL
1035
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $7.45M | 0.02% |
134,161
+72,316
| +117% | +$4.7M |
|
1036
ABM Industries
ABM
$2.75B
| $7.44M | 0.02% |
289,452
+125,892
| +77% | +$3.3M |
|
|
ANDV
1037
DELISTED
Andeavor
ANDV
| $7.41M | 0.02% |
121,549
+58,927
| +94% | +$3.63M |
|
|
KW
1038
DELISTED
Kennedy-Wilson Holdings
KW
| $7.41M | 0.02% |
309,202
+160,937
| +109% | +$4.06M |
|
1039
UDR
UDR
$12.3B
| $7.4M | 0.02% |
271,507
+52,457
| +24% | +$1.52M |
|
|
HNT
1040
DELISTED
HEALTH NET INC
HNT
| $7.39M | 0.02% |
160,294
-520,229
| -76% | -$23.1M |
|
|
BIN
1041
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $7.38M | 0.02% |
286,468
+19,999
| +8% | +$508K |
|
|
WCG
1042
DELISTED
Wellcare Health Plans, Inc.
WCG
| $7.38M | 0.02% |
122,329
-393,245
| -76% | -$26.1M |
|
1043
TC Energy
TRP
$64.7B
| $7.38M | 0.02% |
143,112
+8,037
| +6% | +$415K |
|
|
SQNM
1044
DELISTED
SEQUENOM INC NEW
SQNM
| $7.37M | 0.02% |
2,482,513
+1,415,997
| +133% | +$5.18M |
|
1045
Korn Ferry
KFY
$4.35B
| $7.37M | 0.02% |
296,056
+182,898
| +162% | +$5.38M |
|
1046
CALL
Incyte
INCY
$25.9B
| $7.36M | 0.02% |
150,000
-5,100
| -3% | -$256K |
|
1047
Targa Resources
TRGP
$63.1B
| $7.36M | 0.02% |
+54,037
| New | +$7.42M |
|
1048
Teradata
TDC
$2.56B
| $7.33M | 0.02% |
174,985
-230,157
| -57% | -$9.9M |
|
1049
CoreCivic
CXW
$3.35B
| $7.33M | 0.02% |
213,275
-14,031
| -6% | -$483K |
|
1050
TransDigm Group
TDG
$66.3B
| $7.31M | 0.02% |
+39,669
| New | +$7.08M |
|
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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.