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 | |
|---|---|---|---|---|---|---|
|
AIV
1101
Aimco
AIV
$378M
| $6.65M | 0.02% |
1,567,954
+1,051,726
| +204% | +$4.68M |
|
1102
CALL
Applied Materials
AMAT
$384B
| $6.64M | 0.02% |
307,100
+7,100
| +2% | +$157K |
|
1103
Hasbro
HAS
$13.5B
| $6.63M | 0.02% |
120,651
-271,042
| -69% | -$14.3M |
|
|
AEGR
1104
DELISTED
Aegerion Pharmaceuticals
AEGR
| $6.63M | 0.02% |
198,758
-114,134
| -36% | -$3.54M |
|
1105
Fortune Brands Innovations
FBIN
$5.37B
| $6.63M | 0.02% |
188,794
-222,335
| -54% | -$7.77M |
|
|
PEI
1106
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $6.61M | 0.02% |
22,085
-65,591
| -75% | -$19.4M |
|
1107
Lands' End
LE
$377M
| $6.6M | 0.02% |
160,580
-1,423
| -0.9% | -$52.6K |
|
1108
Xylem
XYL
$26.7B
| $6.59M | 0.02% |
185,613
+166,956
| +895% | +$6.2M |
|
|
ATHL
1109
CALL
DELISTED
ATHLON ENERGY INC COM
ATHL
| $6.59M | 0.02% |
+113,100
| New | +$5.24M |
|
1110
Parker-Hannifin
PH
$128B
| $6.58M | 0.02% |
57,645
-62,794
| -52% | -$7.4M |
|
1111
SPX Corp
SPXC
$10.1B
| $6.58M | 0.02% |
+278,173
| New | +$7.22M |
|
1112
BGC Group
BGC
$5.68B
| $6.57M | 0.02% |
1,374,970
+1,277,478
| +1,310% | +$6.25M |
|
|
ZNGA
1113
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $6.56M | 0.02% |
2,430,535
-5,876,876
| -71% | -$17.6M |
|
|
HCR
1114
CALL
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $6.56M | 0.02% |
127,200
+92,400
| +266% | +$5.77M |
|
|
JASO
1115
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $6.53M | 0.02% |
706,186
+131,035
| +23% | +$1.25M |
|
|
TTM
1116
DELISTED
Tata Motors Limited
TTM
| $6.52M | 0.02% |
149,202
-79,742
| -35% | -$3.49M |
|
1117
Green Dot
GDOT
$765M
| $6.51M | 0.02% |
308,141
+155,740
| +102% | +$2.92M |
|
|
ARMH
1118
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $6.51M | 0.02% |
149,060
+62,354
| +72% | +$2.83M |
|
|
DANG
1119
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $6.5M | 0.02% |
532,464
+390,239
| +274% | +$5.3M |
|
|
KCG
1120
DELISTED
KCG Holdings, Inc.
KCG
| $6.49M | 0.02% |
640,467
+255,655
| +66% | +$2.89M |
|
1121
Teekay
TK
$1.17B
| $6.49M | 0.02% |
97,734
+66,449
| +212% | +$3.9M |
|
1122
Saia
SAIA
$9.32B
| $6.49M | 0.02% |
130,856
-23,255
| -15% | -$1.11M |
|
|
BNFT
1123
DELISTED
Benefitfocus, Inc.
BNFT
| $6.48M | 0.02% |
+240,430
| New | +$8.78M |
|
|
PX
1124
CALL
DELISTED
Praxair Inc
PX
| $6.48M | 0.02% |
+50,200
| New | +$6.58M |
|
1125
Enovis
ENOV
$1.45B
| $6.47M | 0.02% |
65,996
+60,221
| +1,043% | +$6.76M |
|
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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.