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 | |
|---|---|---|---|---|---|---|
|
SC
1201
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $6.79M | 0.01% |
346,037
-272,391
| -44% | -$5M |
|
|
SNR
1202
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $6.76M | 0.01% |
+411,028
| New | +$7.12M |
|
1203
iShares US Real Estate ETF
IYR
$4.67B
| $6.75M | 0.01% |
+87,800
| New | +$6.57M |
|
1204
Dorian LPG
LPG
$2.2B
| $6.73M | 0.01% |
484,566
-1,107,849
| -70% | -$15.9M |
|
1205
Cemex
CX
$15.9B
| $6.73M | 0.01% |
742,851
+588,165
| +380% | +$6.11M |
|
|
NAV
1206
DELISTED
Navistar International
NAV
| $6.7M | 0.01% |
200,079
+100,397
| +101% | +$3.46M |
|
1207
Trimble
TRMB
$14.1B
| $6.67M | 0.01% |
251,230
-473,089
| -65% | -$13.3M |
|
1208
PUT
Golar LNG
GLNG
$5.25B
| $6.66M | 0.01% |
182,500
-6,400
| -3% | -$304K |
|
|
TMH
1209
DELISTED
Team Health Holdings Inc
TMH
| $6.64M | 0.01% |
115,363
+54,684
| +90% | +$3.15M |
|
|
BBG
1210
DELISTED
Bill Barrett Corp
BBG
| $6.63M | 0.01% |
581,953
-1,394,112
| -71% | -$18.4M |
|
1211
PUT
BorgWarner
BWA
$13.1B
| $6.62M | 0.01% |
+136,888
| New | +$6.67M |
|
|
GNMK
1212
DELISTED
GenMark Diagnostics, Inc
GNMK
| $6.58M | 0.01% |
483,105
+96,214
| +25% | +$1.08M |
|
1213
CALL
Comcast
CMCSA
$95.9B
| $6.53M | 0.01% |
225,200
+3,400
| +2% | +$93.1K |
|
|
MON
1214
DELISTED
Monsanto Co
MON
| $6.52M | 0.01% |
54,551
-89,082
| -62% | -$10.3M |
|
1215
American Tower
AMT
$83.1B
| $6.52M | 0.01% |
65,920
-1,007,683
| -94% | -$99M |
|
1216
CALL
Union Pacific
UNP
$184B
| $6.52M | 0.01% |
54,700
+51,100
| +1,419% | +$5.87M |
|
1217
CALL
Booking.com
BKNG
$160B
| $6.5M | 0.01% |
142,500
-5,000
| -3% | -$226K |
|
1218
Renasant Corp
RNST
$3.79B
| $6.5M | 0.01% |
224,522
+158,259
| +239% | +$4.54M |
|
|
GIMO
1219
DELISTED
Gigamon Inc.
GIMO
| $6.49M | 0.01% |
+366,185
| New | +$5.17M |
|
|
GTLS
1220
DELISTED
Chart Industries
GTLS
| $6.46M | 0.01% |
+188,895
| New | +$7.89M |
|
1221
iShares MSCI Japan ETF
EWJ
$22.4B
| $6.46M | 0.01% |
143,627
+94,222
| +191% | +$4.32M |
|
1222
Trex
TREX
$4.82B
| $6.45M | 0.01% |
605,808
+206,496
| +52% | +$2.06M |
|
1223
Encompass Health
EHC
$11.9B
| $6.44M | 0.01% |
210,531
-120,194
| -36% | -$3.75M |
|
1224
PUT
United States Oil Fund
USO
$2.07B
| $6.41M | 0.01% |
+39,375
| New | +$8.73M |
|
|
TCP
1225
DELISTED
TC Pipelines LP
TCP
| $6.41M | 0.01% |
+90,000
| New | +$6.18M |
|
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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.