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 | |
|---|---|---|---|---|---|---|
1326
PUT
Nike
NKE
$60.5B
| $4.7M | 0.01% |
+105,400
| New | +$4.18M |
|
|
COBZ
1327
DELISTED
CoBiz Financial,Inc
COBZ
| $4.7M | 0.01% |
420,326
+17,616
| +4% | +$200K |
|
|
PRMW
1328
DELISTED
Primo Water Corporation
PRMW
| $4.7M | 0.01% |
683,853
+541,967
| +382% | +$3.92M |
|
|
SLXP
1329
PUT
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $4.69M | 0.01% |
+30,000
| New | +$4.35M |
|
|
UNTD
1330
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $4.68M | 0.01% |
427,812
+71,440
| +20% | +$809K |
|
|
HTS
1331
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $4.68M | 0.01% |
260,783
-36,760
| -12% | -$714K |
|
1332
Winnebago Industries
WGO
$909M
| $4.68M | 0.01% |
214,876
+183,987
| +596% | +$4.5M |
|
1333
Benchmark Electronics
BHE
$2.58B
| $4.66M | 0.01% |
209,998
+173,102
| +469% | +$4.2M |
|
1334
Ciena
CIEN
$52.7B
| $4.65M | 0.01% |
278,272
-220,814
| -44% | -$4.33M |
|
|
NPBC
1335
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $4.64M | 0.01% |
478,385
+401,327
| +521% | +$4.09M |
|
1336
Jacobs Solutions
J
$17.7B
| $4.63M | 0.01% |
114,731
-280,825
| -71% | -$12.2M |
|
1337
Oxford Industries
OXM
$546M
| $4.63M | 0.01% |
75,930
-26,089
| -26% | -$1.65M |
|
|
WPZ
1338
CALL
DELISTED
Williams Partners L.P.
WPZ
| $4.61M | 0.01% |
+76,923
| New | +$4.55M |
|
1339
CALL
Blackstone
BX
$108B
| $4.61M | 0.01% |
+149,284
| New | +$4.86M |
|
|
CMCM
1340
Cheetah Mobile
CMCM
$94M
| $4.61M | 0.01% |
50,515
+45,859
| +985% | +$5.34M |
|
1341
PUT
iShares China Large-Cap ETF
FXI
$4.24B
| $4.59M | 0.01% |
+120,000
| New | +$4.81M |
|
|
BNNY
1342
CALL
DELISTED
ANNIES INC COMMON STOCK (DE)
BNNY
| $4.59M | 0.01% |
+100,000
| New | +$3.5M |
|
1343
Vanguard FTSE Europe ETF
VGK
$31.1B
| $4.58M | 0.01% |
83,030
-6,889
| -8% | -$398K |
|
|
TOO
1344
PUT
DELISTED
Teekay Offshore Partners L.P.
TOO
| $4.58M | 0.01% |
136,300
| – | – |
|
1345
MDU Resources
MDU
$4.2B
| $4.56M | 0.01% |
431,209
-281,784
| -40% | -$3.35M |
|
1346
British American Tobacco
BTI
$122B
| $4.56M | 0.01% |
80,624
+50,162
| +165% | +$2.97M |
|
|
AMRN
1347
Amarin Corp
AMRN
$292M
| $4.55M | 0.01% |
208,948
+152,701
| +271% | +$4.97M |
|
1348
United Parks & Resorts
PRKS
$2.03B
| $4.55M | 0.01% |
236,521
-507,689
| -68% | -$12.1M |
|
1349
Comstock Resources
CRK
$4.19B
| $4.54M | 0.01% |
48,743
+34,003
| +231% | +$4.04M |
|
|
TEP
1350
DELISTED
Tallgrass Energy Partners, LP
TEP
| $4.53M | 0.01% |
+100,000
| New | +$4.23M |
|
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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.