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 | |
|---|---|---|---|---|---|---|
151
Dollar Tree
DLTR
$25.3B
| $53.1M | 0.13% |
947,087
+275,540
| +41% | +$15.2M |
|
|
PARA
152
DELISTED
Paramount Global Class B
PARA
| $53.1M | 0.13% |
992,164
-731,672
| -42% | -$43.1M |
|
153
Prudential Financial
PRU
$41.8B
| $53M | 0.13% |
603,095
-156,578
| -21% | -$14M |
|
154
Ralph Lauren
RL
$22.2B
| $51.9M | 0.13% |
315,021
+261,600
| +490% | +$43.1M |
|
155
Sysco
SYY
$40.2B
| $51.9M | 0.13% |
1,366,722
+1,294,987
| +1,805% | +$48.3M |
|
|
HDS
156
DELISTED
HD Supply Holdings, Inc.
HDS
| $51.9M | 0.13% |
1,902,431
+1,430,745
| +303% | +$39.1M |
|
157
Graphic Packaging
GPK
$3.54B
| $51.5M | 0.13% |
4,144,588
+510,221
| +14% | +$6.25M |
|
|
CSC
158
DELISTED
Computer Sciences
CSC
| $51.3M | 0.13% |
1,989,623
+1,330,306
| +202% | +$34.2M |
|
|
PXD
159
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $50.8M | 0.13% |
258,000
-65,100
| -20% | -$13.8M |
|
|
TXNM
160
TXNM Energy Inc
TXNM
$5.9B
| $50.7M | 0.13% |
2,034,368
+1,689,702
| +490% | +$44.8M |
|
161
Stanley Black & Decker
SWK
$15.1B
| $49.9M | 0.13% |
561,892
+75,844
| +16% | +$6.78M |
|
162
BioMarin Pharmaceuticals
BMRN
$12.9B
| $49.6M | 0.13% |
686,899
-702,133
| -51% | -$46.1M |
|
163
Broadcom
AVGO
$1.75T
| $49.3M | 0.12% |
5,668,570
-2,728,760
| -32% | -$21.3M |
|
164
Itaú Unibanco
ITUB
$82.4B
| $48.7M | 0.12% |
8,760,370
+2,040,826
| +30% | +$13M |
|
165
SPDR Gold Trust
GLD
$152B
| $48.6M | 0.12% |
418,390
+30,851
| +8% | +$3.8M |
|
|
CNL
166
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $48.6M | 0.12% |
1,009,308
+194,181
| +24% | +$10.8M |
|
|
GAP
167
The Gap Inc
GAP
$7.13B
| $48.2M | 0.12% |
1,154,970
+1,104,317
| +2,180% | +$46.8M |
|
|
JAH
168
DELISTED
JARDEN CORPORATION
JAH
| $48.1M | 0.12% |
1,200,105
+303,870
| +34% | +$11.9M |
|
|
QVCGA
169
DELISTED
QVC Group Inc Series A
QVCGA
| $47.8M | 0.12% |
40,788
+4,292
| +12% | +$5.08M |
|
|
ROSE
170
DELISTED
ROSETTA RESOURCES INC
ROSE
| $47.7M | 0.12% |
1,070,535
+772,906
| +260% | +$38.5M |
|
171
Eastman Chemical
EMN
$8.47B
| $47.6M | 0.12% |
588,932
+424,461
| +258% | +$35.4M |
|
|
ALJ
172
DELISTED
Alon USA Energy Inc
ALJ
| $47.2M | 0.12% |
3,286,407
+2,249,268
| +217% | +$32.6M |
|
173
CNX Resources
CNX
$5.38B
| $47.1M | 0.12% |
1,493,831
+146,404
| +11% | +$4.9M |
|
174
DaVita
DVA
$11.1B
| $47M | 0.12% |
642,300
+207,698
| +48% | +$15.2M |
|
|
AMTD
175
DELISTED
TD Ameritrade Holding Corp
AMTD
| $45.8M | 0.12% |
1,373,645
+458,584
| +50% | +$14.8M |
|
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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.