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 |
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$294M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$293M |
| 3 |
WLL
Whiting Petroleum Corporation
WLL
|
+$213M |
| 4 |
Xcel Energy
XEL
|
+$178M |
| 5 |
McDonald's
MCD
|
+$173M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHI
Baker Hughes
BHI
|
+$255M |
| 2 |
Exelon
EXC
|
+$209M |
| 3 |
AbbVie
ABBV
|
+$199M |
| 4 |
CenterPoint Energy
CNP
|
+$130M |
| 5 |
American Electric Power
AEP
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.56% |
| 2 | Energy | 13.05% |
| 3 | Financials | 9.97% |
| 4 | Industrials | 8.17% |
| 5 | Consumer Discretionary | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RICE
126
DELISTED
Rice Energy Inc.
RICE
| $74.3M | 0.16% |
3,541,157
+98,353
| +3% | +$2.44M |
|
|
PF
127
DELISTED
Pinnacle Foods, Inc.
PF
| $73.8M | 0.16% |
2,091,093
+169,314
| +9% | +$5.7M |
|
128
Crown Castle
CCI
$32.1B
| $73M | 0.15% |
927,052
+495,856
| +115% | +$39.7M |
|
|
PDCE
129
DELISTED
PDC Energy, Inc.
PDCE
| $72.8M | 0.15% |
1,763,185
+167,117
| +10% | +$6.75M |
|
130
Mondelez International
MDLZ
$82.3B
| $72.7M | 0.15% |
2,000,781
+150,334
| +8% | +$5.47M |
|
|
RCPT
131
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $72.5M | 0.15% |
591,755
-275,078
| -32% | -$27.8M |
|
132
Voya Financial
VOYA
$8.86B
| $72.2M | 0.15% |
1,703,395
+1,002,603
| +143% | +$40.1M |
|
133
Allstate
ALL
$64.2B
| $72.1M | 0.15% |
1,025,862
+547,435
| +114% | +$36M |
|
134
Thermo Fisher Scientific
TMO
$233B
| $71.9M | 0.15% |
+574,041
| New | +$69.8M |
|
135
CNO Financial Group
CNO
$4.95B
| $71.6M | 0.15% |
4,157,952
+230,622
| +6% | +$3.97M |
|
|
AMTD
136
DELISTED
TD Ameritrade Holding Corp
AMTD
| $71.2M | 0.15% |
1,990,020
+616,375
| +45% | +$20.9M |
|
|
SEMG
137
DELISTED
SEMGROUP CORPORATION
SEMG
| $71M | 0.15% |
1,038,078
+152,277
| +17% | +$11.2M |
|
138
Capri Holdings
CPRI
$1.55B
| $70.7M | 0.15% |
941,856
+87,484
| +10% | +$6.52M |
|
|
ICPT
139
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $70.6M | 0.15% |
452,313
+150,301
| +50% | +$27.8M |
|
140
Salesforce
CRM
$171B
| $70.5M | 0.15% |
1,189,062
-342,529
| -22% | -$20.2M |
|
|
WNR
141
DELISTED
Western Refining Inc
WNR
| $70M | 0.15% |
1,853,773
-1,290,020
| -41% | -$53.4M |
|
142
Cheniere Energy
LNG
$57.3B
| $69.9M | 0.15% |
993,173
-69,440
| -7% | -$4.9M |
|
143
Merck
MRK
$376B
| $69.7M | 0.15% |
1,287,002
+528,122
| +70% | +$29.4M |
|
144
Bloomin' Brands
BLMN
$996M
| $69.5M | 0.15% |
2,808,012
+1,207,232
| +75% | +$25.4M |
|
145
HF Sinclair
DINO
$17.3B
| $69.4M | 0.15% |
1,850,647
+1,536,494
| +489% | +$64M |
|
146
Church & Dwight Co
CHD
$23.4B
| $68.9M | 0.15% |
1,749,638
+11,452
| +0.7% | +$423K |
|
147
Expedia Group
EXPE
$38.6B
| $68.6M | 0.15% |
803,521
+512,630
| +176% | +$43.5M |
|
148
NiSource
NI
$19.5B
| $68.4M | 0.14% |
4,103,217
-1,241,502
| -23% | -$20.2M |
|
|
AVB
149
DELISTED
AvalonBay Communities
AVB
| $68.2M | 0.14% |
417,372
+191,060
| +84% | +$30M |
|
|
EMC
150
DELISTED
EMC CORPORATION
EMC
| $66.6M | 0.14% |
2,238,533
+381,809
| +21% | +$11.1M |
|
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Israel Englander's Q4 2014 Portfolio in Review
As of Q4 2014, Israel Englander held 4,655 positions worth $47.2B, up 19% from $39.5B the previous quarter. Its ten largest holdings account for 9.1% of the portfolio.
Israel Englander deployed $7.43B of net new capital in Q4 2014, opening 1,009 new positions and adding to 1,528 existing holdings. Its largest new stake was Coca-Cola: 2,223,712 shares worth $93.9M.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 13% a quarter earlier, followed by Energy and Financials.
On the sell side, the largest reduction was Baker Hughes, an estimated $255M trimmed.
- Israel Englander's largest Q4 2014 buy was Coca-Cola: 2,223,712 shares worth $93.9M.
- Israel Englander added most to CAMERON INTERNATIONAL CORPORATION in Q4 2014, an estimated $294M increase.
- Israel Englander's biggest Q4 2014 reduction was Baker Hughes, cutting an estimated $255M.
- Israel Englander fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q4 2014, selling an estimated $69M.
- Israel Englander's ten largest holdings make up 9.1% of its $47.2B portfolio in Q4 2014.
- Israel Englander opened 1,009 new positions and closed 792 in Q4 2014.
- Israel Englander's portfolio value rose 19% quarter-over-quarter to $47.2B.
Based on Millennium Management's 13F filing for Q4 2014, filed 17 Feb 2015.