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 | |
|---|---|---|---|---|---|---|
|
CAB
1601
DELISTED
Cabela's Inc
CAB
| $3.01M | 0.01% |
+51,084
| New | +$3.06M |
|
1602
CALL
lululemon athletica
LULU
$13.4B
| $3.01M | 0.01% |
71,600
+31,200
| +77% | +$1.26M |
|
1603
World Kinect Corp
WKC
$1.81B
| $3M | 0.01% |
+75,117
| New | +$3.36M |
|
|
PNRA
1604
DELISTED
Panera Bread Co
PNRA
| $3M | 0.01% |
18,413
-271,637
| -94% | -$41M |
|
1605
CALL
Amgen
AMGN
$239B
| $2.99M | 0.01% |
21,300
+1,300
| +7% | +$170K |
|
1606
CALL
Meta Platforms (Facebook)
META
$1.45T
| $2.98M | 0.01% |
37,700
| – | – |
|
|
RVNC
1607
DELISTED
Revance Therapeutics, Inc.
RVNC
| $2.98M | 0.01% |
153,984
+33,511
| +28% | +$873K |
|
|
CYS
1608
DELISTED
CYS Investments Inc.
CYS
| $2.97M | 0.01% |
360,880
+252,914
| +234% | +$2.28M |
|
1609
Main Street Capital
MAIN
$5.47B
| $2.97M | 0.01% |
97,025
+25,106
| +35% | +$802K |
|
|
HCT
1610
DELISTED
AMRICAN RLTY CAP HEALTHCARE TRUST INC. COMMON STOCK
HCT
| $2.96M | 0.01% |
+282,719
| New | +$3.04M |
|
|
ENH
1611
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $2.96M | 0.01% |
53,661
-55,523
| -51% | -$3.07M |
|
|
LOGM
1612
DELISTED
LogMein, Inc.
LOGM
| $2.96M | 0.01% |
64,180
+9,879
| +18% | +$426K |
|
1613
MBIA
MBI
$250M
| $2.95M | 0.01% |
320,866
-527,981
| -62% | -$5.19M |
|
1614
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $2.94M | 0.01% |
32,006
-4,721
| -13% | -$441K |
|
1615
LCI Industries
LCII
$2.55B
| $2.94M | 0.01% |
69,735
+58,032
| +496% | +$2.63M |
|
1616
PUT
Leidos
LDOS
$16.9B
| $2.94M | 0.01% |
85,700
+67,400
| +368% | +$2.48M |
|
|
RRTS
1617
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $2.94M | 0.01% |
5,156
+4,610
| +844% | +$3M |
|
1618
Analog Devices
ADI
$181B
| $2.94M | 0.01% |
59,331
-348,143
| -85% | -$17.8M |
|
1619
CALL
RH
RH
$2.67B
| $2.94M | 0.01% |
36,900
+17,200
| +87% | +$1.44M |
|
|
1620
CALL
Leidos
LDOS
$16.9B
| $2.93M | 0.01% |
85,300
+72,000
| +541% | +$2.65M |
|
|
TCF
1621
DELISTED
TCF Financial Corporation
TCF
| $2.91M | 0.01% |
187,496
-598,712
| -76% | -$9.56M |
|
1622
Check Point Software Technologies
CHKP
$13.2B
| $2.9M | 0.01% |
41,935
-53,719
| -56% | -$3.66M |
|
|
SOHU
1623
Sohu.com
SOHU
$374M
| $2.9M | 0.01% |
57,645
-61,718
| -52% | -$3.49M |
|
|
SHLM
1624
DELISTED
Schulman (A.) Inc
SHLM
| $2.89M | 0.01% |
+79,958
| New | +$3.16M |
|
1625
PUT
Five Below
FIVE
$14.3B
| $2.88M | 0.01% |
+72,800
| New | +$2.83M |
|
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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.