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 | |
|---|---|---|---|---|---|---|
|
LNKD
1276
PUT
DELISTED
LinkedIn Corporation
LNKD
| $5.07M | 0.01% |
24,400
| – | – |
|
1277
MillerKnoll
MLKN
$1.58B
| $5.07M | 0.01% |
169,691
-23,887
| -12% | -$718K |
|
1278
CALL
IBM
IBM
$218B
| $5.05M | 0.01% |
27,824
+6,904
| +33% | +$1.26M |
|
|
VIRX
1279
PUT
DELISTED
Viracta Therapeutics, Inc. Common Stock
VIRX
| $5.05M | 0.01% |
+3,366
| New | +$4.87M |
|
|
CPE
1280
DELISTED
Callon Petroleum Company
CPE
| $5.05M | 0.01% |
57,292
+37,059
| +183% | +$3.77M |
|
1281
CALL
McDonald's
MCD
$193B
| $5.04M | 0.01% |
+53,200
| New | +$5.07M |
|
|
INFO
1282
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $5.04M | 0.01% |
+215,834
| New | +$5.47M |
|
|
GER
1283
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
| $5.04M | 0.01% |
+27,778
| New | +$5.02M |
|
1284
Cogent Communications
CCOI
$486M
| $5.03M | 0.01% |
149,725
-268,935
| -64% | -$9.18M |
|
|
LTC
1285
LTC Properties
LTC
$2.18B
| $5.02M | 0.01% |
136,200
-33,559
| -20% | -$1.32M |
|
|
TIME
1286
DELISTED
Time Inc.
TIME
| $5.02M | 0.01% |
214,355
-903
| -0.4% | -$21.7K |
|
|
1287
IBM
IBM
$218B
| $5.02M | 0.01% |
27,660
-133,163
| -83% | -$24.3M |
|
1288
IAMGOLD
IAG
$12.4B
| $5M | 0.01% |
1,810,115
+1,005,833
| +125% | +$3.71M |
|
1289
iShares MSCI EAFE ETF
EFA
$79.9B
| $5M | 0.01% |
77,898
+58,875
| +309% | +$3.93M |
|
1290
Equinix
EQIX
$104B
| $4.99M | 0.01% |
23,473
+22,473
| +2,247% | +$4.83M |
|
|
CYN
1291
DELISTED
CITY NATIONAL CORPORATION
CYN
| $4.99M | 0.01% |
65,904
+65,504
| +16,376% | +$4.95M |
|
1292
CALL
Vale
VALE
$64B
| $4.97M | 0.01% |
+451,100
| New | +$6.02M |
|
1293
Pegasystems
PEGA
$5.64B
| $4.96M | 0.01% |
519,106
+292,464
| +129% | +$3.16M |
|
|
DRC
1294
CALL
DELISTED
DRESSER-RAND GROUP INC
DRC
| $4.94M | 0.01% |
+60,000
| New | +$4.03M |
|
1295
Dycom Industries
DY
$11.4B
| $4.93M | 0.01% |
160,485
+152,906
| +2,017% | +$4.66M |
|
1296
WisdomTree Japan Hedged Equity Fund
DXJ
$7.22B
| $4.91M | 0.01% |
93,882
-9,456
| -9% | -$476K |
|
1297
Matsons
MATX
$6.66B
| $4.91M | 0.01% |
196,072
+99,382
| +103% | +$2.71M |
|
1298
Wintrust Financial
WTFC
$10.3B
| $4.91M | 0.01% |
109,829
+47,972
| +78% | +$2.22M |
|
1299
PUT
MGM Resorts International
MGM
$11B
| $4.91M | 0.01% |
215,300
+12,900
| +6% | +$321K |
|
|
CONN
1300
PUT
DELISTED
Conn's Inc.
CONN
| $4.9M | 0.01% |
162,000
+146,400
| +938% | +$5.7M |
|
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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.