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 | |
|---|---|---|---|---|---|---|
1601
LendingTree
TREE
$429M
| $3.59M | 0.01% |
+74,192
| New | +$3.07M |
|
|
GHL
1602
DELISTED
Greenhill & Co., Inc.
GHL
| $3.57M | 0.01% |
81,904
+61,557
| +303% | +$2.74M |
|
|
EXAS
1603
DELISTED
Exact Sciences
EXAS
| $3.56M | 0.01% |
129,638
+50,086
| +63% | +$1.22M |
|
|
DDC
1604
DELISTED
Dominion Diamond Corporation
DDC
| $3.55M | 0.01% |
197,743
+51,626
| +35% | +$800K |
|
1605
Simpson Manufacturing
SSD
$7.65B
| $3.55M | 0.01% |
102,530
-40,073
| -28% | -$1.3M |
|
1606
Republic Services
RSG
$67.7B
| $3.55M | 0.01% |
88,099
-428,094
| -83% | -$16.8M |
|
1607
Jefferies Financial Group
JEF
$12.1B
| $3.54M | 0.01% |
176,622
-386,341
| -69% | -$7.97M |
|
|
EPE
1608
PUT
DELISTED
EP Energy Corporation
EPE
| $3.54M | 0.01% |
339,400
+87,800
| +35% | +$1.13M |
|
1609
CALL
Halliburton
HAL
$28.2B
| $3.54M | 0.01% |
90,000
+84,400
| +1,507% | +$4.11M |
|
1610
Post Holdings
POST
$3.67B
| $3.54M | 0.01% |
+129,059
| New | +$3.19M |
|
1611
Conagra Brands
CAG
$7.81B
| $3.52M | 0.01% |
124,806
+25,591
| +26% | +$700K |
|
1612
Globe Life
GL
$13.2B
| $3.51M | 0.01% |
64,781
+23,329
| +56% | +$1.24M |
|
|
CBPX
1613
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $3.5M | 0.01% |
197,670
+156,058
| +375% | +$2.48M |
|
1614
Viatris
VTRS
$19.2B
| $3.5M | 0.01% |
62,142
-632,035
| -91% | -$33.9M |
|
1615
Old Republic International
ORI
$10.2B
| $3.5M | 0.01% |
239,090
-402,786
| -63% | -$5.88M |
|
|
UAM
1616
DELISTED
Universal American Corp
UAM
| $3.49M | 0.01% |
375,744
+57,965
| +18% | +$504K |
|
1617
Oxford Industries
OXM
$549M
| $3.42M | 0.01% |
61,955
-13,975
| -18% | -$852K |
|
|
LINE
1618
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
| $3.42M | 0.01% |
+337,199
| New | +$6.94M |
|
1619
Integer Holdings
ITGR
$4.26B
| $3.42M | 0.01% |
75,991
-140,772
| -65% | -$6.16M |
|
|
CADE
1620
DELISTED
Cadence Bank
CADE
| $3.41M | 0.01% |
+151,623
| New | +$3.29M |
|
1621
Rio Tinto
RIO
$174B
| $3.4M | 0.01% |
73,737
+60,749
| +468% | +$2.86M |
|
1622
TripAdvisor
TRIP
$1.18B
| $3.4M | 0.01% |
45,472
-373,797
| -89% | -$29.2M |
|
|
BCR
1623
DELISTED
CR Bard Inc.
BCR
| $3.39M | 0.01% |
20,359
-87,859
| -81% | -$14.2M |
|
1624
Martin Marietta Materials
MLM
$37.8B
| $3.39M | 0.01% |
30,714
-117,701
| -79% | -$13.9M |
|
1625
Group 1 Automotive
GPI
$3.16B
| $3.37M | 0.01% |
+37,610
| New | +$3.15M |
|
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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.