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 | |
|---|---|---|---|---|---|---|
1451
Vince Holding Corp
VNCE
$80.8M
| $3.79M | 0.01% |
12,521
+4,542
| +57% | +$1.55M |
|
1452
CALL
Acadia Pharmaceuticals
ACAD
$5.23B
| $3.79M | 0.01% |
152,900
-2,100
| -1% | -$49.1K |
|
1453
Scorpio Tankers
STNG
$3.89B
| $3.78M | 0.01% |
+45,493
| New | +$4.3M |
|
1454
PUT
Polaris
PII
$3.64B
| $3.77M | 0.01% |
25,200
+200
| +0.8% | +$28.9K |
|
1455
Coca-Cola Femsa
KOF
$24.3B
| $3.76M | 0.01% |
37,318
+19,859
| +114% | +$2.17M |
|
|
RPXC
1456
DELISTED
RPX Corporation
RPXC
| $3.75M | 0.01% |
273,308
+211,889
| +345% | +$3.3M |
|
1457
Nasdaq
NDAQ
$55.4B
| $3.75M | 0.01% |
264,954
-314,472
| -54% | -$4.41M |
|
|
CKH
1458
PUT
DELISTED
Seacor Holdings Inc.
CKH
| $3.74M | 0.01% |
+51,700
| New | +$3.96M |
|
1459
Nordson
NDSN
$18.7B
| $3.73M | 0.01% |
49,079
-120,176
| -71% | -$9.42M |
|
1460
Rayonier Advanced Materials
RYAM
$574M
| $3.72M | 0.01% |
+113,104
| New | +$3.97M |
|
1461
Clean Harbors
CLH
$16.5B
| $3.71M | 0.01% |
68,830
+60,000
| +680% | +$3.53M |
|
1462
Kohl's
KSS
$2.02B
| $3.71M | 0.01% |
60,798
-239,838
| -80% | -$13.6M |
|
|
RVBD
1463
PUT
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $3.71M | 0.01% |
+200,000
| New | +$3.76M |
|
|
GDP
1464
CALL
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $3.71M | 0.01% |
+250,000
| New | +$4.99M |
|
1465
Enphase Energy
ENPH
$4.9B
| $3.7M | 0.01% |
246,725
-12,848
| -5% | -$163K |
|
1466
CALL
Mondelez International
MDLZ
$81B
| $3.69M | 0.01% |
+174,700
| New | +$6.37M |
|
|
XCO
1467
PUT
DELISTED
Exco Resources
XCO
| $3.69M | 0.01% |
73,613
| – | – |
|
|
CS
1468
DELISTED
Credit Suisse Group
CS
| $3.69M | 0.01% |
+133,406
| New | +$3.73M |
|
|
GOV
1469
DELISTED
Government Properties Income Trust
GOV
| $3.68M | 0.01% |
168,119
+79,084
| +89% | +$1.88M |
|
|
LTRPA
1470
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $3.68M | 0.01% |
+108,462
| New | +$3.79M |
|
1471
Caterpillar
CAT
$373B
| $3.68M | 0.01% |
37,116
-105,834
| -74% | -$11.2M |
|
1472
CEMIG Preferred Shares
CIG
$5.69B
| $3.66M | 0.01% |
+1,153,700
| New | +$4.73M |
|
1473
Clearwater Paper
CLW
$343M
| $3.66M | 0.01% |
60,847
+46,538
| +325% | +$3.08M |
|
|
PLPM
1474
DELISTED
Planet Payment, Inc
PLPM
| $3.65M | 0.01% |
1,859,829
-198,671
| -10% | -$482K |
|
|
TOWR
1475
DELISTED
Tower International, Inc.
TOWR
| $3.64M | 0.01% |
144,369
+138,785
| +2,485% | +$4.66M |
|
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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.