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 | |
|---|---|---|---|---|---|---|
|
GRMN
1151
Garmin
GRMN
$56.2B
| $6.25M | 0.02% |
120,205
-86,281
| -42% | -$4.78M |
|
|
PLKI
1152
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $6.25M | 0.02% |
154,257
-17,400
| -10% | -$707K |
|
1153
InterDigital
IDCC
$8.8B
| $6.24M | 0.02% |
156,790
+151,490
| +2,858% | +$6.67M |
|
1154
Brown & Brown
BRO
$25B
| $6.24M | 0.02% |
387,840
-548,162
| -59% | -$8.68M |
|
1155
Hawaiian Electric Industries
HE
$1.97B
| $6.23M | 0.02% |
234,666
-66,981
| -22% | -$1.66M |
|
|
ERF
1156
DELISTED
Enerplus Corporation
ERF
| $6.22M | 0.02% |
328,031
+262,811
| +403% | +$5.76M |
|
1157
Stride
LRN
$3.54B
| $6.21M | 0.02% |
389,412
+297,273
| +323% | +$6.03M |
|
1158
Acadia Realty Trust
AKR
$2.93B
| $6.2M | 0.02% |
224,868
+179,661
| +397% | +$5.1M |
|
1159
Woodward
WWD
$19.7B
| $6.2M | 0.02% |
130,198
+69,146
| +113% | +$3.5M |
|
1160
CALL
Medtronic
MDT
$119B
| $6.2M | 0.02% |
+100,000
| New | +$6.36M |
|
1161
CONMED
CNMD
$1.54B
| $6.18M | 0.02% |
167,650
-37,221
| -18% | -$1.48M |
|
1162
Teck Resources
TECK
$34.4B
| $6.14M | 0.02% |
+325,172
| New | +$7.38M |
|
1163
PNC Financial Services
PNC
$97.2B
| $6.13M | 0.02% |
71,596
-741,501
| -91% | -$63M |
|
1164
Sinclair Inc
SBGI
$1.05B
| $6.11M | 0.02% |
+234,342
| New | +$7.19M |
|
1165
Navient
NAVI
$888M
| $6.11M | 0.02% |
345,057
+331,939
| +2,530% | +$5.84M |
|
1166
CBRE Group
CBRE
$44B
| $6.11M | 0.02% |
205,403
+54,252
| +36% | +$1.71M |
|
|
CLD
1167
DELISTED
Cloud Peak Energy Inc
CLD
| $6.11M | 0.02% |
484,011
+236,683
| +96% | +$3.58M |
|
|
AHT
1168
Ashford Hospitality Trust
AHT
$21.5M
| $6.1M | 0.02% |
640
-102
| -14% | -$1.09M |
|
1169
First Interstate BancSystem
FIBK
$3.55B
| $6.09M | 0.02% |
229,351
+55,355
| +32% | +$1.48M |
|
1170
Imperial Oil
IMO
$66.2B
| $6.09M | 0.02% |
+128,993
| New | +$6.63M |
|
|
CBD
1171
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $6.06M | 0.02% |
138,996
+109,164
| +366% | +$5.25M |
|
1172
PUT
Bausch Health
BHC
$2.5B
| $6.06M | 0.02% |
+46,200
| New | +$5.51M |
|
1173
ConocoPhillips
COP
$160B
| $6.04M | 0.02% |
+78,874
| New | +$6.45M |
|
|
RSPP
1174
DELISTED
RSP Permian, Inc.
RSPP
| $6.02M | 0.02% |
235,487
-706,972
| -75% | -$19.7M |
|
1175
RE/MAX Holdings
RMAX
$263M
| $5.99M | 0.02% |
+201,332
| New | +$5.99M |
|
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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.