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 | |
|---|---|---|---|---|---|---|
1476
Nordic American Tanker
NAT
$1.47B
| $3.63M | 0.01% |
460,834
+308,340
| +202% | +$2.69M |
|
1477
Ethan Allen Interiors
ETD
$595M
| $3.63M | 0.01% |
159,399
+109,771
| +221% | +$2.66M |
|
|
MTOR
1478
DELISTED
MERITOR, Inc.
MTOR
| $3.63M | 0.01% |
334,593
-58,179
| -15% | -$757K |
|
1479
Essential Utilities
WTRG
$11.5B
| $3.63M | 0.01% |
154,139
+82,137
| +114% | +$2.01M |
|
|
MNDT
1480
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $3.62M | 0.01% |
+118,327
| New | +$3.92M |
|
|
PWRD
1481
DELISTED
PERFECT WORLD CO LTD SPONSORED ADR REPSTG CL B (CAYMAN ISL)
PWRD
| $3.6M | 0.01% |
182,930
+837
| +0.5% | +$17.3K |
|
|
KG
1482
Kestrel Group
KG
$59.3M
| $3.59M | 0.01% |
16,213
+4,058
| +33% | +$966K |
|
1483
Werner Enterprises
WERN
$2.27B
| $3.59M | 0.01% |
142,595
-30,401
| -18% | -$769K |
|
1484
Mitsubishi UFJ Financial
MUFG
$250B
| $3.59M | 0.01% |
640,298
+521,777
| +440% | +$3.05M |
|
|
EXXI
1485
PUT
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $3.57M | 0.01% |
+314,500
| New | +$5.59M |
|
1486
J.M. Smucker
SJM
$13.3B
| $3.56M | 0.01% |
36,018
-195,056
| -84% | -$20M |
|
1487
Crown Holdings
CCK
$13B
| $3.56M | 0.01% |
80,050
-480,819
| -86% | -$23.1M |
|
1488
Avista
AVA
$3.18B
| $3.55M | 0.01% |
116,319
+65,588
| +129% | +$2.09M |
|
|
BKS
1489
DELISTED
Barnes & Noble
BKS
| $3.55M | 0.01% |
274,376
-66,213
| -19% | -$968K |
|
1490
Brixmor Property Group
BRX
$9.03B
| $3.54M | 0.01% |
159,219
-526,951
| -77% | -$12.3M |
|
|
MGAM
1491
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
| $3.54M | 0.01% |
98,412
-25,063
| -20% | -$754K |
|
1492
Advanced Energy
AEIS
$11B
| $3.54M | 0.01% |
188,548
-1,366
| -0.7% | -$25.2K |
|
|
AAIC
1493
DELISTED
Arlington Asset Investment Corp.
AAIC
| $3.54M | 0.01% |
139,403
+124,373
| +827% | +$3.37M |
|
1494
Invesco CurrencyShares Euro Currency Trust
FXE
$361M
| $3.52M | 0.01% |
28,302
+22,188
| +363% | +$2.9M |
|
|
TMH
1495
DELISTED
Team Health Holdings Inc
TMH
| $3.52M | 0.01% |
60,679
+55,129
| +993% | +$3.08M |
|
1496
PUT
Viatris
VTRS
$19.1B
| $3.52M | 0.01% |
+77,300
| New | +$3.76M |
|
|
TE
1497
DELISTED
TECO ENERGY INC
TE
| $3.51M | 0.01% |
+201,722
| New | +$3.57M |
|
|
CYBR
1498
DELISTED
CyberArk
CYBR
| $3.5M | 0.01% |
+109,375
| New | +$3.29M |
|
|
ESND
1499
DELISTED
Essendant Inc.
ESND
| $3.48M | 0.01% |
92,645
+44,302
| +92% | +$1.78M |
|
|
ESL
1500
DELISTED
Esterline Technologies
ESL
| $3.48M | 0.01% |
+31,258
| New | +$3.56M |
|
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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.