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 | Miscellaneous | 13.34% |
| 3 | Energy | 13.05% |
| 4 | Financials | 9.97% |
| 5 | Industrials | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ANDX
1801
CALL
DELISTED
Andeavor Logistics LP
ANDX
| $2.6M | 0.01% |
+44,200
| New | +$2.57M |
|
1802
Agree Realty
ADC
$9.17B
| $2.6M | 0.01% |
83,640
-224,494
| -73% | -$6.76M |
|
1803
CALL
United Therapeutics
UTHR
$22.3B
| $2.59M | 0.01% |
+20,000
| New | +$2.58M |
|
|
SGI
1804
Somnigroup International
SGI
$13.2B
| $2.59M | 0.01% |
188,492
-809,800
| -81% | -$11.1M |
|
|
HUB.A
1805
DELISTED
HUBBELL INC CL-A
HUB.A
| $2.58M | 0.01% |
23,190
-2,755
| -11% | -$315K |
|
1806
Credit Acceptance
CACC
$6.26B
| $2.58M | 0.01% |
18,885
+16,728
| +776% | +$2.36M |
|
1807
FormFactor
FORM
$8.71B
| $2.58M | 0.01% |
299,510
+114,777
| +62% | +$901K |
|
1808
PUT
Chevron
CVX
$390B
| $2.57M | 0.01% |
+22,900
| New | +$2.6M |
|
1809
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.73B
| $2.57M | 0.01% |
13,418
+11,068
| +471% | +$2.46M |
|
1810
MGE Energy Inc
MGEE
$2.97B
| $2.57M | 0.01% |
56,305
+44,827
| +391% | +$1.94M |
|
1811
CALL
Plains All American Pipeline
PAA
$17.9B
| $2.57M | 0.01% |
+50,000
| New | +$2.66M |
|
1812
PUT
Ciena
CIEN
$56.7B
| $2.56M | 0.01% |
131,800
+73,300
| +125% | +$1.22M |
|
1813
Crown Holdings
CCK
$12.9B
| $2.56M | 0.01% |
50,194
-29,856
| -37% | -$1.44M |
|
|
DPLO
1814
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $2.55M | 0.01% |
+93,234
| New | +$2.26M |
|
1815
Motorola Solutions
MSI
$80.9B
| $2.55M | 0.01% |
38,000
-3,031
| -7% | -$193K |
|
|
HOUS
1816
DELISTED
Anywhere Real Estate
HOUS
| $2.55M | 0.01% |
+57,247
| New | +$2.38M |
|
1817
AXIS Capital
AXS
$7.24B
| $2.54M | 0.01% |
49,822
-309,791
| -86% | -$15.2M |
|
|
BGC
1818
DELISTED
General Cable Corporation
BGC
| $2.54M | 0.01% |
170,480
-222,229
| -57% | -$3.11M |
|
|
AVX
1819
DELISTED
AVX Corporation
AVX
| $2.54M | 0.01% |
181,226
+61,008
| +51% | +$841K |
|
|
WAIR
1820
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $2.54M | 0.01% |
181,436
+157,554
| +660% | +$2.5M |
|
1821
International Flavors & Fragrances
IFF
$22.2B
| $2.53M | 0.01% |
24,973
-123,891
| -83% | -$12.2M |
|
1822
W.W. Grainger
GWW
$62B
| $2.53M | 0.01% |
+9,926
| New | +$2.45M |
|
1823
Plexus
PLXS
$6.58B
| $2.53M | 0.01% |
61,365
+39,081
| +175% | +$1.52M |
|
1824
TriMas Corp
TRS
$1.42B
| $2.53M | 0.01% |
101,438
-113,576
| -53% | -$2.68M |
|
1825
Deluxe
DLX
$1.1B
| $2.53M | 0.01% |
+40,571
| New | +$2.38M |
|
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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 $7.42B 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 Miscellaneous and Energy.
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.