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 | |
|---|---|---|---|---|---|---|
|
XNPT
1026
DELISTED
XENOPORT, INC.
XNPT
| $9.36M | 0.02% |
1,067,264
-363,772
| -25% | -$2.67M |
|
1027
Chubb
CB
$133B
| $9.36M | 0.02% |
81,436
-19,290
| -19% | -$2.14M |
|
|
FPRX
1028
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $9.34M | 0.02% |
345,772
+143,339
| +71% | +$2.47M |
|
|
DNY
1029
DELISTED
DONNELLEY R R & SONS CO
DNY
| $9.34M | 0.02% |
555,562
+506,777
| +1,039% | +$8.52M |
|
|
IRC
1030
DELISTED
INLAND REAL ESTATE CORP
IRC
| $9.33M | 0.02% |
852,111
-567,409
| -40% | -$6.02M |
|
|
DENN
1031
DELISTED
Denny's
DENN
| $9.33M | 0.02% |
904,592
+892,213
| +7,207% | +$7.91M |
|
1032
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.5B
| $9.32M | 0.02% |
+150,000
| New | +$8.55M |
|
|
RAX
1033
DELISTED
Rackspace Hosting Inc
RAX
| $9.31M | 0.02% |
198,901
+181,707
| +1,057% | +$7.49M |
|
|
SIRO
1034
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $9.31M | 0.02% |
106,574
+68,980
| +183% | +$5.7M |
|
1035
Kratos Defense & Security Solutions
KTOS
$9.96B
| $9.31M | 0.02% |
1,853,779
+805,735
| +77% | +$4.56M |
|
1036
Flex
FLEX
$39.4B
| $9.27M | 0.02% |
1,100,735
-111,738
| -9% | -$884K |
|
1037
Element Solutions
ESI
$8.52B
| $9.26M | 0.02% |
398,576
+384,876
| +2,809% | +$9.52M |
|
|
BTU
1038
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $9.26M | 0.02% |
79,713
-1,454
| -2% | -$217K |
|
|
AMED
1039
DELISTED
Amedisys
AMED
| $9.23M | 0.02% |
314,603
-108,501
| -26% | -$2.68M |
|
1040
PACCAR
PCAR
$68.4B
| $9.23M | 0.02% |
203,532
-235,739
| -54% | -$10.2M |
|
|
SEM
1041
DELISTED
Select Medical
SEM
| $9.22M | 0.02% |
1,188,527
+85,534
| +8% | +$624K |
|
|
NE
1042
PUT
DELISTED
Noble Corporation
NE
| $9.18M | 0.02% |
554,000
+365,300
| +194% | +$6.96M |
|
1043
Cabot Corp
CBT
$4.33B
| $9.16M | 0.02% |
208,968
+65,192
| +45% | +$2.94M |
|
|
ITC
1044
DELISTED
ITC HOLDINGS CORP
ITC
| $9.16M | 0.02% |
226,695
-629,237
| -74% | -$24.1M |
|
1045
T. Rowe Price
TROW
$24B
| $9.15M | 0.02% |
106,543
+64,092
| +151% | +$5.22M |
|
|
ANN
1046
DELISTED
ANN INC
ANN
| $9.14M | 0.02% |
250,598
+170,238
| +212% | +$6.41M |
|
1047
CALL
Cenovus Energy
CVE
$59.3B
| $9.14M | 0.02% |
+443,200
| New | +$10.2M |
|
|
DWRE
1048
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $9.11M | 0.02% |
158,258
-161,262
| -50% | -$9.07M |
|
|
ACRE
1049
Ares Commercial Real Estate
ACRE
$262M
| $9.1M | 0.02% |
792,791
+41,160
| +5% | +$488K |
|
|
DISCK
1050
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $9.1M | 0.02% |
+269,885
| New | +$9.2M |
|
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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.