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 | |
|---|---|---|---|---|---|---|
1651
Oxford Square Capital
OXSQ
$148M
| $2.77M | 0.01% |
314,007
-81,003
| -21% | -$778K |
|
|
AUY
1652
DELISTED
Yamana Gold, Inc.
AUY
| $2.77M | 0.01% |
462,118
-854,852
| -65% | -$6.81M |
|
1653
Halozyme
HALO
$12.4B
| $2.77M | 0.01% |
304,289
+40,864
| +16% | +$389K |
|
1654
PUT
American Express
AXP
$227B
| $2.76M | 0.01% |
31,500
-8,500
| -21% | -$765K |
|
1655
Fresenius Medical Care
FMS
$12.5B
| $2.75M | 0.01% |
79,355
-81,322
| -51% | -$2.8M |
|
1656
Federal Signal
FSS
$7.36B
| $2.75M | 0.01% |
207,728
+33,660
| +19% | +$489K |
|
1657
Veeva Systems
VEEV
$40.1B
| $2.75M | 0.01% |
97,462
+87,462
| +875% | +$2.25M |
|
1658
H.B. Fuller
FUL
$3.07B
| $2.74M | 0.01% |
69,089
+45,334
| +191% | +$2.07M |
|
1659
CALL
Carlyle Group
CG
$17.4B
| $2.74M | 0.01% |
+90,000
| New | +$2.93M |
|
|
WBA
1660
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $2.74M | 0.01% |
46,200
+23,000
| +99% | +$1.51M |
|
|
YOKU
1661
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $2.73M | 0.01% |
152,372
-206,955
| -58% | -$4.16M |
|
|
GRA
1662
CALL
DELISTED
W.R. Grace & Co.
GRA
| $2.73M | 0.01% |
+30,000
| New | +$2.87M |
|
|
TSE
1663
DELISTED
Trinseo
TSE
| $2.73M | 0.01% |
173,308
+24,732
| +17% | +$462K |
|
|
IVC
1664
DELISTED
Invacare Corporation
IVC
| $2.72M | 0.01% |
230,399
+40,605
| +21% | +$619K |
|
|
SHLD
1665
DELISTED
Sears Holding Corporation
SHLD
| $2.71M | 0.01% |
+115,483
| New | +$3.77M |
|
1666
Costamare
CMRE
$1.91B
| $2.7M | 0.01% |
+123,133
| New | +$2.85M |
|
|
EVRI
1667
DELISTED
Everi Holdings
EVRI
| $2.7M | 0.01% |
400,131
+167,663
| +72% | +$1.34M |
|
1668
Euronet Worldwide
EEFT
$2.66B
| $2.69M | 0.01% |
+56,371
| New | +$2.81M |
|
|
SPLK
1669
DELISTED
Splunk Inc
SPLK
| $2.69M | 0.01% |
+48,654
| New | +$2.42M |
|
|
XIV
1670
DELISTED
VelocityShares Daily Inverse VIX Short Term ETN
XIV
| $2.69M | 0.01% |
70,376
+39,316
| +127% | +$1.69M |
|
1671
Wabash National
WNC
$506M
| $2.69M | 0.01% |
201,942
+133,574
| +195% | +$1.84M |
|
1672
CALL
HF Sinclair
DINO
$16.6B
| $2.68M | 0.01% |
61,400
| – | – |
|
|
GOL
1673
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
| $2.68M | 0.01% |
278,803
+3,539
| +1% | +$42.4K |
|
|
NEWP
1674
DELISTED
NEWPORT CORP
NEWP
| $2.68M | 0.01% |
151,249
+27,261
| +22% | +$494K |
|
1675
Townsquare Media
TSQ
$107M
| $2.68M | 0.01% |
+222,863
| New | +$2.51M |
|
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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.