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 | |
|---|---|---|---|---|---|---|
1351
PUT
Zimmer Biomet
ZBH
$19.3B
| $4.51M | 0.01% |
+46,247
| New | +$4.55M |
|
1352
Rexford Industrial Realty
REXR
$8.4B
| $4.5M | 0.01% |
+325,366
| New | +$4.62M |
|
1353
Omega Healthcare
OHI
$14.1B
| $4.5M | 0.01% |
131,530
+83,028
| +171% | +$3.05M |
|
1354
Fulton Financial
FULT
$4.5B
| $4.49M | 0.01% |
405,243
-347,372
| -46% | -$4.03M |
|
1355
Interactive Brokers
IBKR
$42.2B
| $4.49M | 0.01% |
719,308
+597,564
| +491% | +$3.56M |
|
|
HMIN
1356
DELISTED
HOMEINNS HOTEL GROUP SPONSORED ADR
HMIN
| $4.48M | 0.01% |
154,663
+141,604
| +1,084% | +$4.7M |
|
1357
Texas Roadhouse
TXRH
$13.5B
| $4.48M | 0.01% |
160,989
-426,751
| -73% | -$11.1M |
|
|
INFN
1358
DELISTED
Infinera Corporation Common Stock
INFN
| $4.48M | 0.01% |
420,099
+65,275
| +18% | +$639K |
|
|
MNDT
1359
CALL
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $4.48M | 0.01% |
+146,600
| New | +$4.86M |
|
|
OPB
1360
DELISTED
Opus Bank Common Stock
OPB
| $4.48M | 0.01% |
146,275
-65,710
| -31% | -$2.01M |
|
1361
First Horizon
FHN
$11.6B
| $4.46M | 0.01% |
363,150
-1,598,801
| -81% | -$19.2M |
|
|
CIVI
1362
DELISTED
Civitas Solutions, Inc.
CIVI
| $4.45M | 0.01% |
+284,871
| New | +$4.65M |
|
|
PVA
1363
CALL
DELISTED
PENN VIRGINIA CORP
PVA
| $4.45M | 0.01% |
350,000
-31,300
| -8% | -$439K |
|
|
WBA
1364
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $4.45M | 0.01% |
75,000
-11,700
| -13% | -$767K |
|
|
SIR
1365
DELISTED
SELECT INCOME REIT
SIR
| $4.44M | 0.01% |
420,354
-2,257,216
| -84% | -$27.3M |
|
|
CGI
1366
DELISTED
Celadon Group Inc
CGI
| $4.42M | 0.01% |
227,488
+150,463
| +195% | +$3.2M |
|
1367
RH
RH
$2.71B
| $4.42M | 0.01% |
55,611
+19,169
| +53% | +$1.6M |
|
|
KOG
1368
DELISTED
KODIAK OIL & GAS CORP
KOG
| $4.42M | 0.01% |
325,488
-212,870
| -40% | -$3.19M |
|
|
WFM
1369
DELISTED
Whole Foods Market Inc
WFM
| $4.41M | 0.01% |
115,640
-740,416
| -86% | -$28.3M |
|
1370
Cintas
CTAS
$83B
| $4.4M | 0.01% |
249,296
-16,656
| -6% | -$271K |
|
|
EPE
1371
PUT
DELISTED
EP Energy Corporation
EPE
| $4.4M | 0.01% |
+251,600
| New | +$4.85M |
|
1372
Tandem Diabetes Care
TNDM
$1.55B
| $4.4M | 0.01% |
32,768
-7,982
| -20% | -$1.12M |
|
|
SINA
1373
DELISTED
Sina Corp
SINA
| $4.38M | 0.01% |
106,488
-278,132
| -72% | -$13M |
|
|
CY
1374
DELISTED
Cypress Semiconductor
CY
| $4.38M | 0.01% |
443,289
-107,451
| -20% | -$1.13M |
|
1375
FuelCell Energy
FCEL
$1.5B
| $4.36M | 0.01% |
+483
| New | +$4.91M |
|
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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.