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 | |
|---|---|---|---|---|---|---|
1401
TriMas Corp
TRS
$1.42B
| $4.17M | 0.01% |
215,014
+171,533
| +395% | +$4.44M |
|
|
BLOX
1402
DELISTED
Infoblox Inc
BLOX
| $4.17M | 0.01% |
282,583
-177,990
| -39% | -$2.31M |
|
1403
CubeSmart
CUBE
$9.16B
| $4.16M | 0.01% |
231,450
-196,886
| -46% | -$3.64M |
|
1404
U-Haul Holding Co
UHAL
$13.8B
| $4.16M | 0.01% |
+158,900
| New | +$4.39M |
|
1405
Simpson Manufacturing
SSD
$7.61B
| $4.16M | 0.01% |
142,603
+136,517
| +2,243% | +$4.42M |
|
1406
PhenixFIN
PFX
$103M
| $4.16M | 0.01% |
17,595
+10,306
| +141% | +$2.64M |
|
|
CLDT
1407
CALL
Chatham Lodging
CLDT
$644M
| $4.15M | 0.01% |
+180,000
| New | +$4.02M |
|
1408
CALL
Netflix
NFLX
$339B
| $4.15M | 0.01% |
+644,000
| New | +$4.18M |
|
1409
Compass Minerals
CMP
$1.02B
| $4.13M | 0.01% |
49,031
-205,333
| -81% | -$18.4M |
|
|
LNKD
1410
DELISTED
LinkedIn Corporation
LNKD
| $4.13M | 0.01% |
19,876
-9,173
| -32% | -$1.83M |
|
1411
Scotiabank
BNS
$111B
| $4.12M | 0.01% |
+71,075
| New | +$4.43M |
|
1412
JD.com
JD
$39.3B
| $4.12M | 0.01% |
159,570
+150,770
| +1,713% | +$4.34M |
|
|
SGEN
1413
DELISTED
Seagen Inc. Common Stock
SGEN
| $4.12M | 0.01% |
110,806
-22,438
| -17% | -$882K |
|
1414
BWX Technologies
BWXT
$13.7B
| $4.1M | 0.01% |
207,168
-986,516
| -83% | -$21.3M |
|
1415
Colgate-Palmolive
CL
$73.2B
| $4.1M | 0.01% |
62,803
-229,644
| -79% | -$15.1M |
|
|
PGTI
1416
DELISTED
PGT, Inc.
PGTI
| $4.09M | 0.01% |
438,845
+290,905
| +197% | +$2.74M |
|
|
NFX
1417
CALL
DELISTED
Newfield Exploration
NFX
| $4.08M | 0.01% |
110,000
+800
| +0.7% | +$33.2K |
|
1418
Stryker
SYK
$125B
| $4.08M | 0.01% |
50,471
-251,908
| -83% | -$20.7M |
|
1419
PUT
Comcast
CMCSA
$96B
| $4.06M | 0.01% |
151,000
-9,200
| -6% | -$252K |
|
|
CCC
1420
DELISTED
Calgon Carbon Corp
CCC
| $4.06M | 0.01% |
209,292
+79,955
| +62% | +$1.71M |
|
1421
Globalstar
GSAT
$10.6B
| $4.04M | 0.01% |
73,594
-22,340
| -23% | -$1.33M |
|
|
WP
1422
DELISTED
Worldpay, Inc.
WP
| $4.03M | 0.01% |
130,459
-232,521
| -64% | -$7.55M |
|
|
UN
1423
DELISTED
Unilever NV New York Registry Shares
UN
| $4.03M | 0.01% |
+101,502
| New | +$4.23M |
|
1424
DNOW Inc
DNOW
$2.83B
| $4.03M | 0.01% |
132,374
+95,127
| +255% | +$3.11M |
|
|
HF
1425
DELISTED
HFF Inc.
HF
| $4M | 0.01% |
138,292
+98,297
| +246% | +$3.21M |
|
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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.