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 | |
|---|---|---|---|---|---|---|
1701
Pan American Silver
PAAS
$22.5B
| $2.55M | 0.01% |
+232,432
| New | +$3.27M |
|
1702
Conagra Brands
CAG
$7.81B
| $2.55M | 0.01% |
99,215
-577,863
| -85% | -$14.2M |
|
|
HTWR
1703
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $2.55M | 0.01% |
32,833
+30,234
| +1,163% | +$2.5M |
|
|
SINA
1704
PUT
DELISTED
Sina Corp
SINA
| $2.55M | 0.01% |
61,900
-105,100
| -63% | -$4.93M |
|
|
FARO
1705
DELISTED
Faro Technologies
FARO
| $2.54M | 0.01% |
+50,156
| New | +$2.6M |
|
1706
Inogen
INGN
$147M
| $2.54M | 0.01% |
+123,375
| New | +$2.51M |
|
1707
CALL
Lazard
LAZ
$4.27B
| $2.54M | 0.01% |
+50,000
| New | +$2.62M |
|
1708
Worthington Enterprises
WOR
$2.8B
| $2.52M | 0.01% |
109,954
-347,930
| -76% | -$8.65M |
|
|
SVU
1709
DELISTED
SUPERVALU Inc.
SVU
| $2.52M | 0.01% |
40,309
-2,786
| -6% | -$179K |
|
1710
Gold Fields
GFI
$43.7B
| $2.52M | 0.01% |
646,784
+21,050
| +3% | +$87.1K |
|
|
SAGE
1711
DELISTED
Sage Therapeutics
SAGE
| $2.52M | 0.01% |
+80,078
| New | +$2.32M |
|
|
ANH
1712
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $2.52M | 0.01% |
525,265
-498,236
| -49% | -$2.55M |
|
1713
CALL
Five Below
FIVE
$14.3B
| $2.52M | 0.01% |
+63,500
| New | +$2.47M |
|
1714
Mativ Holdings
MATV
$682M
| $2.51M | 0.01% |
60,805
+33,701
| +124% | +$1.44M |
|
|
AXLL
1715
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $2.5M | 0.01% |
69,924
+57,124
| +446% | +$2.42M |
|
|
KSU
1716
CALL
DELISTED
Kansas City Southern
KSU
| $2.5M | 0.01% |
+20,600
| New | +$2.35M |
|
|
GRA
1717
DELISTED
W.R. Grace & Co.
GRA
| $2.49M | 0.01% |
27,415
-333,415
| -92% | -$31.9M |
|
|
XIFR
1718
XPLR Infrastructure LP
XIFR
$1.1B
| $2.49M | 0.01% |
+71,804
| New | +$2.51M |
|
1719
Children's Place
PLCE
$59.8M
| $2.49M | 0.01% |
+52,229
| New | +$2.64M |
|
1720
CALL
Texas Instruments
TXN
$237B
| $2.48M | 0.01% |
52,100
+1,200
| +2% | +$57.5K |
|
1721
ReWalk Robotics
LFWD
$20.9M
| $2.48M | 0.01% |
+35
| New | +$2.32M |
|
1722
Aecom
ACM
$8.08B
| $2.48M | 0.01% |
+73,448
| New | +$2.61M |
|
1723
NETGEAR
NTGR
$581M
| $2.48M | 0.01% |
+79,227
| New | +$2.62M |
|
1724
PRA Group
PRAA
$741M
| $2.48M | 0.01% |
+47,405
| New | +$2.73M |
|
1725
Hain Celestial
HAIN
$78.9M
| $2.47M | 0.01% |
48,292
-453,346
| -90% | -$21.1M |
|
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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.