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 | |
|---|---|---|---|---|---|---|
|
SN
1726
DELISTED
Sanchez Energy Corporation
SN
| $2.46M | 0.01% |
93,799
+35,334
| +60% | +$1.12M |
|
|
CSH
1727
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $2.46M | 0.01% |
123,896
+77,612
| +168% | +$1.56M |
|
|
CZZ
1728
DELISTED
Cosan Limited
CZZ
| $2.46M | 0.01% |
+228,676
| New | +$2.88M |
|
|
YHOO
1729
PUT
DELISTED
Yahoo Inc
YHOO
| $2.46M | 0.01% |
+60,400
| New | +$2.27M |
|
1730
Employers Holdings
EIG
$876M
| $2.45M | 0.01% |
127,413
+50,081
| +65% | +$1.04M |
|
1731
Belden
BDC
$4.57B
| $2.45M | 0.01% |
+38,299
| New | +$2.77M |
|
1732
Weyerhaeuser
WY
$17.6B
| $2.45M | 0.01% |
76,977
-2,388,962
| -97% | -$78.3M |
|
1733
Sociedad Química y Minera de Chile
SQM
$22.6B
| $2.45M | 0.01% |
96,122
+64,472
| +204% | +$1.76M |
|
1734
TriplePoint Venture Growth BDC
TPVG
$217M
| $2.45M | 0.01% |
167,464
-77,528
| -32% | -$1.19M |
|
|
LLTC
1735
DELISTED
Linear Technology Corp
LLTC
| $2.44M | 0.01% |
+55,040
| New | +$2.5M |
|
|
TIF
1736
DELISTED
Tiffany & Co.
TIF
| $2.44M | 0.01% |
25,320
-19,976
| -44% | -$1.99M |
|
|
RSO
1737
DELISTED
Resource Capital Corp.
RSO
| $2.44M | 0.01% |
125,071
-58,442
| -32% | -$1.27M |
|
1738
Deckers Outdoor
DECK
$12.1B
| $2.43M | 0.01% |
+150,000
| New | +$2.29M |
|
1739
PUT
Adobe
ADBE
$109B
| $2.43M | 0.01% |
35,100
+9,700
| +38% | +$688K |
|
|
SFY
1740
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
| $2.43M | 0.01% |
252,658
+157,094
| +164% | +$1.78M |
|
|
MRSH
1741
Marsh
MRSH
$92.3B
| $2.42M | 0.01% |
46,163
-9,295
| -17% | -$485K |
|
1742
Avery Dennison
AVY
$13.6B
| $2.4M | 0.01% |
53,845
-570,796
| -91% | -$27.8M |
|
1743
Jabil
JBL
$32.3B
| $2.4M | 0.01% |
119,113
-35,100
| -23% | -$733K |
|
1744
PUT
Cisco
CSCO
$438B
| $2.4M | 0.01% |
95,200
-1,300
| -1% | -$32.7K |
|
|
BRLI
1745
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $2.39M | 0.01% |
+85,123
| New | +$2.59M |
|
|
OCRX
1746
DELISTED
Ocera Therapeutics, Inc.
OCRX
| $2.39M | 0.01% |
487,314
-8,074
| -2% | -$46.6K |
|
|
DX
1747
Dynex Capital
DX
$3.23B
| $2.39M | 0.01% |
98,475
+83,467
| +556% | +$2.12M |
|
1748
Ecopetrol
EC
$34.5B
| $2.38M | 0.01% |
+76,259
| New | +$2.61M |
|
1749
Tesla
TSLA
$1.38T
| $2.38M | 0.01% |
+147,240
| New | +$2.43M |
|
1750
Johnson & Johnson
JNJ
$658B
| $2.38M | 0.01% |
22,303
-96,161
| -81% | -$9.97M |
|
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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.