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 | |
|---|---|---|---|---|---|---|
1551
Manchester United
MANU
$4.11B
| $3.28M | 0.01% |
+199,047
| New | +$3.48M |
|
|
FNBC
1552
DELISTED
First NBC Bank Holding Company
FNBC
| $3.27M | 0.01% |
100,000
-85,995
| -46% | -$2.79M |
|
|
CPWR
1553
DELISTED
COMPUWARE CORP
CPWR
| $3.27M | 0.01% |
321,204
-1,786,181
| -85% | -$16.8M |
|
1554
CALL
Alcoa
AA
$13.5B
| $3.27M | 0.01% |
84,603
+1,374
| +2% | +$53.9K |
|
|
ENLC
1555
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $3.27M | 0.01% |
79,144
-114,381
| -59% | -$4.62M |
|
1556
Casey's General Stores
CASY
$30.6B
| $3.27M | 0.01% |
45,536
+11,129
| +32% | +$772K |
|
1557
American Homes 4 Rent
AMH
$12.5B
| $3.26M | 0.01% |
192,929
+60,011
| +45% | +$1.07M |
|
|
OME
1558
DELISTED
Omega Protein
OME
| $3.26M | 0.01% |
260,600
+166,976
| +178% | +$2.33M |
|
1559
Haemonetics
HAE
$4.92B
| $3.26M | 0.01% |
93,234
-2,000
| -2% | -$71.4K |
|
1560
La-Z-Boy
LZB
$1.28B
| $3.25M | 0.01% |
164,368
+9,672
| +6% | +$210K |
|
1561
Selective Insurance
SIGI
$5.49B
| $3.25M | 0.01% |
146,913
+74,496
| +103% | +$1.76M |
|
|
ETP
1562
CALL
DELISTED
Energy Transfer Partners, L.P.
ETP
| $3.25M | 0.01% |
+85,100
| New | +$4.03M |
|
1563
Polaris
PII
$3.64B
| $3.23M | 0.01% |
21,577
-311,250
| -94% | -$45M |
|
1564
PUT
Teekay
TK
$1.17B
| $3.23M | 0.01% |
48,700
-319,400
| -87% | -$18.8M |
|
|
HUB.A
1565
DELISTED
HUBBELL INC CL-A
HUB.A
| $3.22M | 0.01% |
25,945
| – | – |
|
|
GMLP
1566
DELISTED
Golar LNG Partners LP
GMLP
| $3.21M | 0.01% |
92,604
-29,936
| -24% | -$1.09M |
|
|
KS
1567
DELISTED
KapStone Paper and Pack Corp.
KS
| $3.2M | 0.01% |
+114,556
| New | +$3.48M |
|
|
RTN
1568
DELISTED
Raytheon Company
RTN
| $3.2M | 0.01% |
31,484
-357,415
| -92% | -$34.2M |
|
1569
Honda
HMC
$41.4B
| $3.19M | 0.01% |
93,128
-213,098
| -70% | -$7.37M |
|
1570
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $3.18M | 0.01% |
65,228
+3,718
| +6% | +$181K |
|
1571
Bath & Body Works
BBWI
$3.58B
| $3.18M | 0.01% |
58,665
+53,190
| +972% | +$2.68M |
|
1572
Cullen/Frost Bankers
CFR
$10.1B
| $3.18M | 0.01% |
+41,517
| New | +$3.26M |
|
|
UTIW
1573
DELISTED
UTI WORLDWIDE INC
UTIW
| $3.17M | 0.01% |
+298,466
| New | +$3.02M |
|
1574
Sony
SONY
$140B
| $3.17M | 0.01% |
878,620
-8,375
| -0.9% | -$30.1K |
|
1575
AptarGroup
ATR
$8.54B
| $3.17M | 0.01% |
52,211
+18,487
| +55% | +$1.18M |
|
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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.