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 | |
|---|---|---|---|---|---|---|
101
Applied Materials
AMAT
$391B
| $71.8M | 0.18% |
3,323,095
+2,259,011
| +212% | +$50M |
|
102
Ovintiv
OVV
$18.5B
| $71.7M | 0.18% |
675,904
+237,015
| +54% | +$26.1M |
|
|
DTV
103
DELISTED
DIRECTV COM STK (DE)
DTV
| $71.6M | 0.18% |
827,397
+456,997
| +123% | +$39.3M |
|
|
ICPT
104
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $71.5M | 0.18% |
302,012
+293,732
| +3,547% | +$74.9M |
|
105
Duke Energy
DUK
$93.4B
| $71.3M | 0.18% |
953,872
+819,338
| +609% | +$59.8M |
|
106
Brookdale Senior Living
BKD
$2.82B
| $71M | 0.18% |
2,204,786
+889,686
| +68% | +$30.3M |
|
107
Danaher
DHR
$154B
| $70.8M | 0.18% |
1,386,140
-544,922
| -28% | -$28M |
|
108
Arthur J. Gallagher & Co
AJG
$67.6B
| $70.7M | 0.18% |
1,558,160
+11,836
| +0.8% | +$544K |
|
109
PVH
PVH
$3.62B
| $67.9M | 0.17% |
560,189
+175,131
| +45% | +$20.5M |
|
110
Steel Dynamics
STLD
$32.8B
| $67.8M | 0.17% |
3,000,410
+453,195
| +18% | +$9.91M |
|
111
CNO Financial Group
CNO
$4.95B
| $66.6M | 0.17% |
3,927,330
+2,208,856
| +129% | +$38M |
|
112
Diamondback Energy
FANG
$59B
| $65.8M | 0.17% |
880,496
+857,351
| +3,704% | +$69.5M |
|
113
Lowe's Companies
LOW
$121B
| $64.4M | 0.16% |
1,216,734
+702,620
| +137% | +$35.5M |
|
114
Best Buy
BBY
$18.1B
| $63.7M | 0.16% |
1,897,057
+1,607,674
| +556% | +$50.5M |
|
115
PBF Energy
PBF
$8.72B
| $63.7M | 0.16% |
2,653,812
+769,939
| +41% | +$20.3M |
|
116
Mondelez International
MDLZ
$82.3B
| $63.4M | 0.16% |
1,850,447
+1,327,043
| +254% | +$48.4M |
|
|
CRZO
117
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $63.1M | 0.16% |
1,172,560
+745,297
| +174% | +$45.5M |
|
|
MRD
118
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $62.8M | 0.16% |
2,318,068
-1,406,117
| -38% | -$36.6M |
|
|
PF
119
DELISTED
Pinnacle Foods, Inc.
PF
| $62.7M | 0.16% |
1,921,779
+1,038,558
| +118% | +$32.9M |
|
|
ROC
120
DELISTED
ROCKWOOD HLDGS INC
ROC
| $62.7M | 0.16% |
820,086
+248,064
| +43% | +$19.8M |
|
121
Wabtec
WAB
$50.3B
| $62.3M | 0.16% |
769,117
+363,365
| +90% | +$30M |
|
|
COV
122
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $62.2M | 0.16% |
719,521
-263,405
| -27% | -$23.3M |
|
123
RPC Inc
RES
$1.41B
| $61.8M | 0.16% |
2,813,034
+2,282,012
| +430% | +$51.2M |
|
124
East-West Bancorp
EWBC
$17.8B
| $61.1M | 0.15% |
1,796,774
+1,092,786
| +155% | +$37.9M |
|
125
Capri Holdings
CPRI
$1.55B
| $61M | 0.15% |
854,372
+683,842
| +401% | +$55M |
|
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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.