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 | |
|---|---|---|---|---|---|---|
1801
Armstrong World Industries
AWI
$7.6B
| $2.19M | 0.01% |
39,039
-31,791
| -45% | -$1.77M |
|
|
PE
1802
DELISTED
PARSLEY ENERGY INC
PE
| $2.19M | 0.01% |
102,418
-1,864,858
| -95% | -$40.6M |
|
1803
Morningstar
MORN
$8.07B
| $2.18M | 0.01% |
32,117
-19,092
| -37% | -$1.31M |
|
|
LEJU
1804
DELISTED
Leju Holdings Limited American Depositary Shares, each representing ten (10) Ordinary Shares
LEJU
| $2.17M | 0.01% |
+16,925
| New | +$2.34M |
|
|
ESV
1805
DELISTED
Ensco Rowan plc
ESV
| $2.17M | 0.01% |
+13,146
| New | +$2.61M |
|
1806
Globe Life
GL
$13.2B
| $2.17M | 0.01% |
+41,452
| New | +$2.24M |
|
|
SAVE
1807
DELISTED
Spirit Airlines, Inc.
SAVE
| $2.17M | 0.01% |
31,345
+11,645
| +59% | +$797K |
|
1808
RLJ Lodging Trust
RLJ
$1.76B
| $2.17M | 0.01% |
76,062
+39,122
| +106% | +$1.14M |
|
|
ACGN
1809
DELISTED
Aceragen Inc
ACGN
| $2.16M | 0.01% |
6,954
-764
| -10% | -$275K |
|
|
X
1810
PUT
DELISTED
US Steel
X
| $2.15M | 0.01% |
+55,000
| New | +$1.93M |
|
1811
CALL
Boston Properties
BXP
$11.5B
| $2.15M | 0.01% |
18,600
+16,500
| +786% | +$1.97M |
|
1812
Regeneron Pharmaceuticals
REGN
$85.8B
| $2.15M | 0.01% |
5,964
-83,028
| -93% | -$27.8M |
|
1813
National Grid
NGG
$81.6B
| $2.15M | 0.01% |
30,982
-54,098
| -64% | -$3.85M |
|
1814
Barrett Business Services
BBSI
$819M
| $2.15M | 0.01% |
217,472
+88,452
| +69% | +$1.2M |
|
|
TIF
1815
CALL
DELISTED
Tiffany & Co.
TIF
| $2.14M | 0.01% |
22,200
+20,100
| +957% | +$2M |
|
1816
Franklin Templeton
BEN
$17.8B
| $2.14M | 0.01% |
39,125
-87,210
| -69% | -$4.88M |
|
|
NCI
1817
DELISTED
Navigant Consulting, Inc.
NCI
| $2.13M | 0.01% |
+153,406
| New | +$2.48M |
|
1818
Korea Electric Power
KEP
$15.2B
| $2.13M | 0.01% |
95,067
+67,425
| +244% | +$1.37M |
|
1819
Regis Corp
RGS
$66.8M
| $2.13M | 0.01% |
6,668
+3,945
| +145% | +$1.18M |
|
|
IPCM
1820
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $2.11M | 0.01% |
47,120
+34,787
| +282% | +$1.64M |
|
|
PGEM
1821
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $2.11M | 0.01% |
194,679
+176,092
| +947% | +$1.84M |
|
1822
Littelfuse
LFUS
$10.3B
| $2.11M | 0.01% |
+24,736
| New | +$2.26M |
|
1823
Silgan Holdings
SLGN
$4.51B
| $2.11M | 0.01% |
89,680
+72,844
| +433% | +$1.82M |
|
1824
PUT
Welltower
WELL
$174B
| $2.1M | 0.01% |
33,700
+30,400
| +921% | +$1.96M |
|
1825
Tenaris
TS
$27.6B
| $2.1M | 0.01% |
46,076
-137,973
| -75% | -$6.2M |
|
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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.