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 | |
|---|---|---|---|---|---|---|
1676
American States Water
AWR
$3.58B
| $2.68M | 0.01% |
+88,046
| New | +$2.77M |
|
1677
Companhia Siderúrgica Nacional
SID
$1.35B
| $2.67M | 0.01% |
+750,952
| New | +$3.45M |
|
1678
EXL Service
EXLS
$5.68B
| $2.66M | 0.01% |
+545,655
| New | +$3.03M |
|
1679
PUT
Ulta Beauty
ULTA
$23.1B
| $2.66M | 0.01% |
22,500
+4,100
| +22% | +$408K |
|
|
YHOO
1680
CALL
DELISTED
Yahoo Inc
YHOO
| $2.65M | 0.01% |
+65,000
| New | +$2.44M |
|
|
EROC
1681
DELISTED
EAGLE ROCK ENERGY PARTNERS, L.P. COM UNITS RPTNG LTD PRTNR
EROC
| $2.65M | 0.01% |
+743,000
| New | +$3.24M |
|
1682
PUT
Guidewire Software
GWRE
$15.7B
| $2.64M | 0.01% |
59,600
+36,700
| +160% | +$1.55M |
|
|
PETM
1683
CALL
DELISTED
PETSMART INC
PETM
| $2.63M | 0.01% |
37,600
-13,600
| -27% | -$946K |
|
1684
Coherent
COHR
$56.4B
| $2.63M | 0.01% |
+223,313
| New | +$3.04M |
|
1685
Bristol-Myers Squibb
BMY
$139B
| $2.62M | 0.01% |
51,141
-252,100
| -83% | -$12.6M |
|
1686
ProQR Therapeutics
PRQR
$336M
| $2.61M | 0.01% |
+152,001
| New | +$2.44M |
|
|
DVAX
1687
DELISTED
Dynavax Technologies
DVAX
| $2.61M | 0.01% |
182,469
+17,245
| +10% | +$249K |
|
1688
CALL
iShares MSCI Brazil ETF
EWZ
$8.23B
| $2.61M | 0.01% |
+60,000
| New | +$2.97M |
|
1689
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $2.61M | 0.01% |
62,495
-1,316
| -2% | -$58.4K |
|
1690
Kroger
KR
$35.8B
| $2.6M | 0.01% |
100,182
-794,994
| -89% | -$20.1M |
|
1691
Blackrock
BLK
$182B
| $2.6M | 0.01% |
7,909
+2,837
| +56% | +$913K |
|
1692
Motorola Solutions
MSI
$80.3B
| $2.6M | 0.01% |
41,031
-816,312
| -95% | -$51.3M |
|
1693
Incyte
INCY
$26.3B
| $2.6M | 0.01% |
52,899
+13,569
| +35% | +$680K |
|
|
RDUS
1694
DELISTED
Radius Recycling
RDUS
| $2.58M | 0.01% |
+107,054
| New | +$2.85M |
|
|
ZGNX
1695
DELISTED
Zogenix, Inc.
ZGNX
| $2.57M | 0.01% |
279,713
-72,584
| -21% | -$826K |
|
1696
Commault Systems
CVLT
$5.44B
| $2.57M | 0.01% |
50,913
-33,305
| -40% | -$1.72M |
|
1697
The GEO Group
GEO
$4.23B
| $2.56M | 0.01% |
100,601
-23,379
| -19% | -$569K |
|
|
JOY
1698
CALL
DELISTED
Joy Global Inc
JOY
| $2.56M | 0.01% |
46,900
+33,300
| +245% | +$2.02M |
|
|
PETM
1699
PUT
DELISTED
PETSMART INC
PETM
| $2.56M | 0.01% |
36,500
-20,500
| -36% | -$1.43M |
|
|
UAM
1700
DELISTED
Universal American Corp
UAM
| $2.56M | 0.01% |
317,779
+171,028
| +117% | +$1.41M |
|
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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.