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 | |
|---|---|---|---|---|---|---|
126
Church & Dwight Co
CHD
$23.4B
| $61M | 0.15% |
1,738,186
+1,660,774
| +2,145% | +$56.6M |
|
127
Bread Financial
BFH
$4.07B
| $60.9M | 0.15% |
307,391
+151,359
| +97% | +$31.8M |
|
|
HES
128
DELISTED
Hess
HES
| $60.6M | 0.15% |
+642,188
| New | +$63.5M |
|
|
SRC
129
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $59.7M | 0.15% |
1,213,224
-70,936
| -6% | -$3.66M |
|
130
Pinnacle West Capital
PNW
$11.8B
| $58.4M | 0.15% |
+1,069,359
| New | +$59.6M |
|
131
Forum Energy Technologies
FET
$871M
| $57.8M | 0.15% |
94,349
+19,210
| +26% | +$12.9M |
|
132
CALL
Intuitive Surgical
ISRG
$134B
| $56.9M | 0.14% |
1,107,900
+1,078,200
| +3,630% | +$53.5M |
|
133
HP
HPQ
$27.2B
| $56.7M | 0.14% |
3,521,634
-2,846,325
| -45% | -$46.2M |
|
|
ETP
134
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $56.7M | 0.14% |
+886,500
| New | +$51.3M |
|
135
Western Alliance Bancorporation
WAL
$8.69B
| $56.3M | 0.14% |
2,353,625
+298,340
| +15% | +$7.06M |
|
136
Visteon
VC
$2.83B
| $55.9M | 0.14% |
575,113
+180,802
| +46% | +$18.1M |
|
|
SHPG
137
DELISTED
Shire pic
SHPG
| $55.5M | 0.14% |
214,084
-67,956
| -24% | -$16.9M |
|
|
PHH
138
DELISTED
PHH Corporation
PHH
| $55.4M | 0.14% |
2,475,909
+707,290
| +40% | +$16.7M |
|
139
Union Pacific
UNP
$183B
| $55.2M | 0.14% |
509,263
-230,937
| -31% | -$23.9M |
|
|
DRE
140
DELISTED
Duke Realty Corp.
DRE
| $55.1M | 0.14% |
3,208,651
+689,267
| +27% | +$12.5M |
|
|
MDVN
141
DELISTED
MEDIVATION, INC.
MDVN
| $55.1M | 0.14% |
1,113,876
+1,024,520
| +1,147% | +$43.5M |
|
142
Capital One
COF
$134B
| $54.9M | 0.14% |
672,869
+303,249
| +82% | +$24.8M |
|
|
MIC
143
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $54.9M | 0.14% |
822,932
+620,618
| +307% | +$43.2M |
|
144
Nike
NKE
$60.5B
| $54.8M | 0.14% |
1,229,314
+323,952
| +36% | +$12.9M |
|
145
Regions Financial
RF
$25.9B
| $54.4M | 0.14% |
5,416,820
+1,291,566
| +31% | +$13.2M |
|
|
EMC
146
DELISTED
EMC CORPORATION
EMC
| $54.3M | 0.14% |
1,856,724
+606,859
| +49% | +$17.5M |
|
|
PVTB
147
DELISTED
PrivateBancorp Inc
PVTB
| $54.2M | 0.14% |
1,812,676
+522,629
| +41% | +$15.4M |
|
|
RCPT
148
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $53.8M | 0.14% |
866,833
+192,282
| +29% | +$9.19M |
|
|
X
149
DELISTED
US Steel
X
| $53.2M | 0.13% |
1,357,159
+194,042
| +17% | +$6.8M |
|
150
Vertex Pharmaceuticals
VRTX
$139B
| $53.1M | 0.13% |
472,950
-18,272
| -4% | -$1.74M |
|
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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.