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 | |
|---|---|---|---|---|---|---|
1426
CALL
Wells Fargo
WFC
$254B
| $3.99M | 0.01% |
77,000
-9,200
| -11% | -$473K |
|
1427
Petrobras Class A
PBR.A
$103B
| $3.99M | 0.01% |
268,163
-1,565,768
| -85% | -$27.9M |
|
1428
Fluor
FLR
$6.85B
| $3.99M | 0.01% |
+59,695
| New | +$4.39M |
|
|
LDRH
1429
DELISTED
LDR HOLDINGS CORP COM STK
LDRH
| $3.98M | 0.01% |
+128,008
| New | +$3.32M |
|
|
AEL
1430
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.98M | 0.01% |
173,711
+126,150
| +265% | +$2.97M |
|
1431
Walker & Dunlop
WD
$1.35B
| $3.97M | 0.01% |
298,830
+267,129
| +843% | +$3.71M |
|
|
CMRX
1432
DELISTED
Chimerix, Inc.
CMRX
| $3.96M | 0.01% |
143,382
-56,854
| -28% | -$1.38M |
|
|
CMLP
1433
CALL
DELISTED
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
| $3.93M | 0.01% |
+173,500
| New | +$3.88M |
|
1434
Healthpeak Properties
DOC
$14.9B
| $3.93M | 0.01% |
108,683
-100,594
| -48% | -$3.81M |
|
|
LMNX
1435
DELISTED
Luminex Corp
LMNX
| $3.92M | 0.01% |
201,246
-195,062
| -49% | -$3.57M |
|
|
IM
1436
DELISTED
Ingram Micro
IM
| $3.92M | 0.01% |
151,859
+93,577
| +161% | +$2.66M |
|
1437
Gentex
GNTX
$4.96B
| $3.9M | 0.01% |
291,482
-1,058,144
| -78% | -$15.4M |
|
|
ADVS
1438
DELISTED
Advent Software Inc
ADVS
| $3.9M | 0.01% |
123,536
+113,625
| +1,146% | +$3.65M |
|
1439
CALL
3M
MMM
$93B
| $3.9M | 0.01% |
32,890
| – | – |
|
|
FEIC
1440
DELISTED
FEI COMPANY
FEIC
| $3.88M | 0.01% |
+51,390
| New | +$4.32M |
|
1441
CALL
Civeo
CVEO
$348M
| $3.87M | 0.01% |
+27,783
| New | +$8.36M |
|
1442
SAP
SAP
$251B
| $3.86M | 0.01% |
53,463
+21,977
| +70% | +$1.71M |
|
|
ETP
1443
DELISTED
Energy Transfer Partners L.p.
ETP
| $3.84M | 0.01% |
+60,000
| New | +$3.47M |
|
|
CALY
1444
Callaway Golf Company
CALY
$2.8B
| $3.83M | 0.01% |
529,715
+475,064
| +869% | +$3.74M |
|
1445
PUT
Netflix
NFLX
$339B
| $3.83M | 0.01% |
+595,000
| New | +$3.86M |
|
|
WNRL
1446
CALL
DELISTED
Western Refining Logistics, LP
WNRL
| $3.82M | 0.01% |
+109,600
| New | +$3.65M |
|
|
TEP
1447
CALL
DELISTED
Tallgrass Energy Partners, LP
TEP
| $3.81M | 0.01% |
+84,000
| New | +$3.55M |
|
1448
PUT
NOV
NOV
$7.01B
| $3.81M | 0.01% |
50,000
-94,600
| -65% | -$7.82M |
|
|
B
1449
PUT
Barrick Mining
B
$79.6B
| $3.8M | 0.01% |
259,000
| – | – |
|
|
CMLP
1450
DELISTED
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
| $3.8M | 0.01% |
+167,500
| New | +$3.75M |
|
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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.