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 | |
|---|---|---|---|---|---|---|
1251
Neurocrine Biosciences
NBIX
$15.6B
| $5.36M | 0.01% |
341,926
-67,015
| -16% | -$1M |
|
|
EXXI
1252
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $5.35M | 0.01% |
471,571
-31,836
| -6% | -$566K |
|
|
HI
1253
DELISTED
Hillenbrand
HI
| $5.35M | 0.01% |
173,212
+90,778
| +110% | +$2.9M |
|
|
PMC
1254
DELISTED
PharMerica Corporation
PMC
| $5.34M | 0.01% |
218,561
+840
| +0.4% | +$22.3K |
|
1255
Fortinet
FTNT
$113B
| $5.34M | 0.01% |
1,056,085
-12,855
| -1% | -$64.9K |
|
1256
Andersons Inc
ANDE
$2.24B
| $5.33M | 0.01% |
84,700
+40,879
| +93% | +$2.49M |
|
1257
OSI Systems
OSIS
$3.25B
| $5.32M | 0.01% |
83,852
+68,913
| +461% | +$4.58M |
|
1258
Energy Transfer Partners
ET
$72.4B
| $5.3M | 0.01% |
172,000
+67,000
| +64% | +$1.97M |
|
|
ICPT
1259
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $5.3M | 0.01% |
22,400
-39,300
| -64% | -$10M |
|
1260
Texas Instruments
TXN
$237B
| $5.3M | 0.01% |
111,055
-733,079
| -87% | -$35.1M |
|
1261
Old Dominion Freight Line
ODFL
$41.1B
| $5.27M | 0.01% |
223,776
-561,246
| -71% | -$12.4M |
|
|
RTI
1262
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $5.25M | 0.01% |
212,971
+106,844
| +101% | +$2.89M |
|
|
PINC
1263
DELISTED
Premier
PINC
| $5.24M | 0.01% |
159,384
-262,581
| -62% | -$7.87M |
|
1264
AGCO
AGCO
$7.77B
| $5.23M | 0.01% |
+115,053
| New | +$5.7M |
|
1265
Community Health Systems
CYH
$419M
| $5.23M | 0.01% |
115,434
+66,913
| +138% | +$2.78M |
|
|
DFRG
1266
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $5.22M | 0.01% |
+272,695
| New | +$6.21M |
|
1267
John Wiley & Sons Class A
WLY
$2.74B
| $5.19M | 0.01% |
92,561
+38,247
| +70% | +$2.28M |
|
1268
Barings BDC
BBDC
$989M
| $5.19M | 0.01% |
205,043
+185,884
| +970% | +$5.04M |
|
1269
iShares Russell 2000 Value ETF
IWN
$14.6B
| $5.18M | 0.01% |
55,392
+34,656
| +167% | +$3.43M |
|
|
HRG
1270
DELISTED
HRG Group, Inc.
HRG
| $5.16M | 0.01% |
393,579
+128,200
| +48% | +$1.61M |
|
1271
GE Aerospace
GE
$363B
| $5.16M | 0.01% |
42,040
-125,910
| -75% | -$15.7M |
|
1272
GSI Technology
GSIT
$229M
| $5.13M | 0.01% |
948,969
+26,186
| +3% | +$152K |
|
|
TAM
1273
DELISTED
TAMINCO CORP COM
TAM
| $5.13M | 0.01% |
196,572
+183,872
| +1,448% | +$4.28M |
|
1274
BlackBerry
BB
$4.57B
| $5.1M | 0.01% |
512,782
-574,354
| -53% | -$5.87M |
|
|
ABCO
1275
DELISTED
Advisory Board Co
ABCO
| $5.09M | 0.01% |
109,256
-23,101
| -17% | -$1.14M |
|
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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.