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 | |
|---|---|---|---|---|---|---|
|
COHR
1726
DELISTED
Coherent Inc
COHR
| $2.86M | 0.01% |
+47,093
| New | +$2.79M |
|
1727
Rayonier Advanced Materials
RYAM
$582M
| $2.86M | 0.01% |
128,121
+15,017
| +13% | +$397K |
|
|
MDP
1728
DELISTED
Meredith Corporation
MDP
| $2.85M | 0.01% |
+52,565
| New | +$2.63M |
|
1729
Quantum Corp
QMCO
$882M
| $2.85M | 0.01% |
10,105
+7,120
| +239% | +$1.64M |
|
|
IMPR
1730
DELISTED
IMPRIVATA, INC COM
IMPR
| $2.84M | 0.01% |
218,710
+100,253
| +85% | +$1.39M |
|
1731
MSC Industrial Direct
MSM
$6.61B
| $2.84M | 0.01% |
34,974
+27,197
| +350% | +$2.21M |
|
1732
MKS Inc
MKSI
$18.3B
| $2.82M | 0.01% |
77,043
+70,187
| +1,024% | +$2.48M |
|
1733
Icon
ICLR
$13B
| $2.81M | 0.01% |
55,214
-354,505
| -87% | -$19.1M |
|
|
TERP
1734
DELISTED
TerraForm Power, Inc
TERP
| $2.8M | 0.01% |
90,711
+82,875
| +1,058% | +$2.36M |
|
1735
SLB Ltd
SLB
$79.1B
| $2.8M | 0.01% |
32,780
-200,767
| -86% | -$18.5M |
|
1736
Strategic Education
STRA
$1.91B
| $2.8M | 0.01% |
37,680
+27,031
| +254% | +$1.91M |
|
1737
PUT
SPDR Gold Trust
GLD
$156B
| $2.79M | 0.01% |
+24,600
| New | +$2.84M |
|
|
BRLI
1738
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $2.79M | 0.01% |
86,969
+1,846
| +2% | +$53.4K |
|
1739
PUT
American Express
AXP
$227B
| $2.79M | 0.01% |
30,000
-1,500
| -5% | -$134K |
|
|
STML
1740
DELISTED
Stemline Therapeutics, Inc.
STML
| $2.79M | 0.01% |
163,407
+40,905
| +33% | +$590K |
|
|
ALEX
1741
DELISTED
Alexander & Baldwin
ALEX
| $2.79M | 0.01% |
70,964
+54,986
| +344% | +$2.09M |
|
|
PGNX
1742
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $2.79M | 0.01% |
+368,523
| New | +$2.2M |
|
|
STI
1743
PUT
DELISTED
SunTrust Banks, Inc.
STI
| $2.79M | 0.01% |
66,500
+15,000
| +29% | +$588K |
|
1744
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $2.79M | 0.01% |
126,322
+32,140
| +34% | +$722K |
|
1745
CALL
Chevron
CVX
$392B
| $2.78M | 0.01% |
+24,800
| New | +$2.82M |
|
1746
CALL
Applied Materials
AMAT
$381B
| $2.78M | 0.01% |
111,400
-195,700
| -64% | -$4.42M |
|
1747
Telus
TU
$15.5B
| $2.77M | 0.01% |
153,960
+71,324
| +86% | +$1.28M |
|
|
SCS
1748
DELISTED
Steelcase
SCS
| $2.77M | 0.01% |
+154,085
| New | +$2.65M |
|
|
WPZ
1749
CALL
DELISTED
Williams Partners L.P.
WPZ
| $2.76M | 0.01% |
54,111
-22,812
| -30% | -$1.29M |
|
|
RBS.PRS.CL
1750
DELISTED
The Royal Bank Of Scotland Group
RBS.PRS.CL
| $2.76M | 0.01% |
111,168
-499,937
| -82% | -$12.4M |
|
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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.