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 | |
|---|---|---|---|---|---|---|
|
MTGE
1676
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $3.08M | 0.01% |
163,391
+10,315
| +7% | +$203K |
|
1677
Haverty Furniture Companies
HVT
$425M
| $3.07M | 0.01% |
139,650
+51,724
| +59% | +$1.11M |
|
|
OCR
1678
DELISTED
OMNICARE INC
OCR
| $3.07M | 0.01% |
42,096
-498,702
| -92% | -$33.9M |
|
1679
Toll Brothers
TOL
$13.9B
| $3.07M | 0.01% |
89,484
-66,741
| -43% | -$2.18M |
|
|
DMND
1680
DELISTED
DIAMOND FOODS, INC.
DMND
| $3.07M | 0.01% |
108,651
+70,359
| +184% | +$2.04M |
|
|
ACHN
1681
CALL
DELISTED
Achillion Pharmaceuticals
ACHN
| $3.06M | 0.01% |
250,000
-2,050,000
| -89% | -$25M |
|
1682
CALL
iShares MSCI Emerging Markets ETF
EEM
$31.3B
| $3.06M | 0.01% |
+77,800
| New | +$3.16M |
|
1683
Lattice Semiconductor
LSCC
$16.5B
| $3.06M | 0.01% |
443,626
+422,739
| +2,024% | +$2.77M |
|
|
CGI
1684
DELISTED
Celadon Group Inc
CGI
| $3.05M | 0.01% |
134,291
-93,197
| -41% | -$1.95M |
|
|
CXO
1685
CALL
DELISTED
CONCHO RESOURCES INC.
CXO
| $3.04M | 0.01% |
+30,500
| New | +$3.2M |
|
1686
KT
KT
$9.16B
| $3.04M | 0.01% |
215,106
-129,106
| -38% | -$1.92M |
|
1687
Coeur Mining
CDE
$22.2B
| $3.04M | 0.01% |
594,000
+377,070
| +174% | +$1.68M |
|
|
NS
1688
DELISTED
NuStar Energy L.P.
NS
| $3.03M | 0.01% |
52,500
-82,500
| -61% | -$4.9M |
|
|
B
1689
PUT
Barrick Mining
B
$80.4B
| $3.03M | 0.01% |
281,800
+22,800
| +9% | +$281K |
|
|
MWE
1690
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $3.02M | 0.01% |
+45,000
| New | +$3.14M |
|
|
AMRN
1691
Amarin Corp
AMRN
$299M
| $3.02M | 0.01% |
154,294
-54,654
| -26% | -$1.14M |
|
1692
National CineMedia
NCMI
$256M
| $3.01M | 0.01% |
20,931
+9,083
| +77% | +$1.3M |
|
|
SWY
1693
DELISTED
SAFEWAY INC
SWY
| $3M | 0.01% |
85,546
-566,268
| -87% | -$19.6M |
|
1694
CALL
Five Below
FIVE
$14.3B
| $3M | 0.01% |
73,400
+9,900
| +16% | +$401K |
|
|
AUO
1695
DELISTED
AU Optronics Corp
AUO
| $2.98M | 0.01% |
586,106
+275,726
| +89% | +$1.26M |
|
|
S
1696
DELISTED
Sprint Corporation
S
| $2.98M | 0.01% |
717,275
+49,645
| +7% | +$256K |
|
1697
iShares North American Natural Resources ETF
IGE
$776M
| $2.98M | 0.01% |
+77,630
| New | +$3.15M |
|
1698
Haemonetics
HAE
$4.93B
| $2.97M | 0.01% |
79,421
-13,813
| -15% | -$506K |
|
1699
CALL
iShares MSCI Mexico ETF
EWW
$1.81B
| $2.97M | 0.01% |
+50,000
| New | +$3.21M |
|
1700
PUT
RH
RH
$2.67B
| $2.97M | 0.01% |
30,900
-11,600
| -27% | -$972K |
|
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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.