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 | |
|---|---|---|---|---|---|---|
1226
Arrowhead Research
ARWR
$12.3B
| $6.4M | 0.01% |
+867,375
| New | +$5.9M |
|
1227
Federal Signal
FSS
$7.31B
| $6.39M | 0.01% |
414,173
+206,445
| +99% | +$2.99M |
|
1228
Primerica
PRI
$9.23B
| $6.38M | 0.01% |
+117,530
| New | +$5.99M |
|
1229
CALL
Kinder Morgan
KMI
$69B
| $6.35M | 0.01% |
+150,000
| New | +$5.91M |
|
|
CRC
1230
DELISTED
California Resources Corporation
CRC
| $6.33M | 0.01% |
+114,876
| New | +$6.92M |
|
|
DOOR
1231
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $6.32M | 0.01% |
102,882
+67,280
| +189% | +$3.8M |
|
|
ORB
1232
DELISTED
ORBITAL SCIENCES CORP
ORB
| $6.29M | 0.01% |
+234,018
| New | +$6.18M |
|
1233
Franklin Templeton
BEN
$17.6B
| $6.29M | 0.01% |
113,639
+74,514
| +190% | +$4.12M |
|
1234
Littelfuse
LFUS
$10.2B
| $6.29M | 0.01% |
65,063
+40,327
| +163% | +$3.74M |
|
|
RKUS
1235
DELISTED
RUCKUS WIRELESS INC COM STK (DE)
RKUS
| $6.26M | 0.01% |
+521,023
| New | +$6.3M |
|
|
MDC
1236
DELISTED
M.D.C. Holdings, Inc.
MDC
| $6.26M | 0.01% |
328,276
+277,475
| +546% | +$5.08M |
|
1237
CALL
Bristol-Myers Squibb
BMY
$137B
| $6.25M | 0.01% |
105,800
-1,617,900
| -94% | -$91.2M |
|
|
EGOV
1238
DELISTED
NIC Inc
EGOV
| $6.23M | 0.01% |
346,158
+92,973
| +37% | +$1.66M |
|
|
RENT
1239
DELISTED
RENTRAK CORP
RENT
| $6.22M | 0.01% |
85,392
+74,993
| +721% | +$5.66M |
|
|
HAPN
1240
Happen Inc
HAPN
$2.11B
| $6.21M | 0.01% |
+49,122
| New | +$6.2M |
|
1241
Alaska Air
ALK
$4.64B
| $6.18M | 0.01% |
103,362
+56,475
| +120% | +$2.98M |
|
1242
Greif
GEF
$4.89B
| $6.17M | 0.01% |
130,595
-16,217
| -11% | -$725K |
|
1243
Rogers Corp
ROG
$2.19B
| $6.17M | 0.01% |
75,728
+38,944
| +106% | +$2.6M |
|
|
ADVM
1244
DELISTED
Adverum Biotechnologies
ADVM
| $6.16M | 0.01% |
+11,410
| New | +$4.4M |
|
1245
Children's Place
PLCE
$58M
| $6.14M | 0.01% |
107,666
+55,437
| +106% | +$2.87M |
|
1246
Baytex Energy
BTE
$3.3B
| $6.13M | 0.01% |
369,111
+340,688
| +1,199% | +$8.69M |
|
1247
Avnet
AVT
$7.08B
| $6.13M | 0.01% |
142,435
+97,272
| +215% | +$4.12M |
|
|
EPE
1248
DELISTED
EP Energy Corporation
EPE
| $6.12M | 0.01% |
+586,091
| New | +$7.51M |
|
|
IPCC
1249
DELISTED
Infinity Property & Casualty C
IPCC
| $6.08M | 0.01% |
+78,726
| New | +$5.63M |
|
|
ATHN
1250
DELISTED
Athenahealth, Inc.
ATHN
| $6.08M | 0.01% |
41,717
-26,146
| -39% | -$3.28M |
|
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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.