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 | |
|---|---|---|---|---|---|---|
|
SIRO
1626
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $2.88M | 0.01% |
+37,594
| New | +$3.02M |
|
|
MTGE
1627
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $2.88M | 0.01% |
153,076
-254,201
| -62% | -$5.09M |
|
|
LORL
1628
PUT
DELISTED
Loral Space and Communications, Inc.
LORL
| $2.88M | 0.01% |
40,100
| – | – |
|
1629
Comtech Telecommunications
CMTL
$53M
| $2.88M | 0.01% |
77,449
-18,158
| -19% | -$663K |
|
1630
Murphy USA
MUSA
$10B
| $2.88M | 0.01% |
54,204
-59,642
| -52% | -$3.08M |
|
|
BKCC
1631
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $2.87M | 0.01% |
336,547
+137,624
| +69% | +$1.24M |
|
|
HPTX
1632
DELISTED
HYPERION THERAPEUTICS INC COM STK (DE)
HPTX
| $2.87M | 0.01% |
113,633
+38,245
| +51% | +$950K |
|
1633
3D Systems Corp
DDD
$535M
| $2.86M | 0.01% |
+61,697
| New | +$3.22M |
|
|
VGR
1634
DELISTED
Vector Group Ltd.
VGR
| $2.86M | 0.01% |
232,074
-342,603
| -60% | -$4.02M |
|
|
PNNT
1635
Pennant Park Investment Corp
PNNT
$249M
| $2.85M | 0.01% |
261,416
+101,592
| +64% | +$1.17M |
|
1636
Cumberland Pharmaceuticals
CPIX
$130M
| $2.84M | 0.01% |
575,000
+69,696
| +14% | +$337K |
|
1637
BioCryst Pharmaceuticals
BCRX
$2.51B
| $2.84M | 0.01% |
290,114
+141,816
| +96% | +$1.74M |
|
|
MEG
1638
DELISTED
Media General, Inc
MEG
| $2.83M | 0.01% |
+216,069
| New | +$3.88M |
|
1639
H&R Block
HRB
$6.56B
| $2.83M | 0.01% |
91,229
-283,060
| -76% | -$9.23M |
|
1640
Gildan
GIL
$10.1B
| $2.82M | 0.01% |
+103,224
| New | +$2.98M |
|
1641
Logitech
LOGI
$14.1B
| $2.82M | 0.01% |
219,692
+62,023
| +39% | +$844K |
|
1642
PUT
GoPro
GPRO
$112M
| $2.81M | 0.01% |
+30,000
| New | +$1.53M |
|
|
ISIL
1643
DELISTED
Intersil Corp
ISIL
| $2.81M | 0.01% |
197,515
+152,732
| +341% | +$2.22M |
|
|
SYA
1644
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $2.79M | 0.01% |
119,589
+53,712
| +82% | +$1.25M |
|
|
MTEM
1645
DELISTED
Molecular Templates, Inc.
MTEM
| $2.79M | 0.01% |
4,683
+913
| +24% | +$632K |
|
1646
PUT
Plains GP Holdings
PAGP
$5.38B
| $2.79M | 0.01% |
34,134
-69,621
| -67% | -$5.66M |
|
1647
ServiceNow
NOW
$131B
| $2.78M | 0.01% |
236,510
-617,180
| -72% | -$7.28M |
|
1648
Cathay General Bancorp
CATY
$4.13B
| $2.78M | 0.01% |
+111,932
| New | +$2.89M |
|
|
KTWO
1649
DELISTED
K2M Group Holdings, Inc
KTWO
| $2.78M | 0.01% |
192,518
+150,254
| +356% | +$2.26M |
|
|
CNW
1650
DELISTED
CON-WAY INC.
CNW
| $2.78M | 0.01% |
58,433
+11,433
| +24% | +$576K |
|
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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.