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 | |
|---|---|---|---|---|---|---|
1826
iShares 7-10 Year Treasury Bond ETF
IEF
$43.2B
| $2.09M | 0.01% |
20,209
+603
| +3% | +$62.5K |
|
|
DRWI
1827
DELISTED
DragonWave Inc
DRWI
| $2.09M | 0.01% |
68,000
+8,800
| +15% | +$345K |
|
|
WGL
1828
DELISTED
Wgl Holdings
WGL
| $2.09M | 0.01% |
49,622
+35,439
| +250% | +$1.48M |
|
1829
Thor Industries
THO
$4.14B
| $2.09M | 0.01% |
40,570
-51,213
| -56% | -$2.74M |
|
|
ACH
1830
Accendra Health
ACH
$89.2M
| $2.09M | 0.01% |
63,721
-52,722
| -45% | -$1.79M |
|
|
DDC
1831
DELISTED
Dominion Diamond Corporation
DDC
| $2.08M | 0.01% |
146,117
+51,443
| +54% | +$717K |
|
|
DATA
1832
DELISTED
Tableau Software, Inc.
DATA
| $2.08M | 0.01% |
28,619
-128,593
| -82% | -$8.42M |
|
|
CALL
1833
DELISTED
magicJack VocalTec Ltd
CALL
| $2.07M | 0.01% |
210,277
+149,409
| +245% | +$1.89M |
|
1834
PUT
Teradata
TDC
$2.55B
| $2.07M | 0.01% |
49,300
-3,000
| -6% | -$129K |
|
1835
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $2.06M | 0.01% |
94,182
+10,503
| +13% | +$236K |
|
1836
Hanmi Financial
HAFC
$918M
| $2.05M | 0.01% |
101,478
+6,592
| +7% | +$138K |
|
1837
Forward Air
FWRD
$588M
| $2.04M | 0.01% |
+45,626
| New | +$2.13M |
|
1838
CALL
Trip.com Group
TCOM
$29B
| $2.04M | 0.01% |
72,000
-18,800
| -21% | -$597K |
|
1839
Alaska Air
ALK
$4.84B
| $2.04M | 0.01% |
46,887
+779
| +2% | +$36.1K |
|
1840
Citi Trends
CTRN
$581M
| $2.04M | 0.01% |
92,348
+56,893
| +160% | +$1.24M |
|
|
AJRD
1841
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $2.03M | 0.01% |
+127,218
| New | +$2.29M |
|
1842
Standex International
SXI
$3.69B
| $2.02M | 0.01% |
27,284
-33,478
| -55% | -$2.42M |
|
1843
Federal Realty Investment Trust
FRT
$10.2B
| $2.02M | 0.01% |
+17,070
| New | +$2.09M |
|
|
MAGN
1844
Magnera Corp
MAGN
$454M
| $2.02M | 0.01% |
7,087
-2,152
| -23% | -$686K |
|
|
CATM
1845
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $2.02M | 0.01% |
57,454
-40,893
| -42% | -$1.46M |
|
1846
Tennant Co
TNC
$1.19B
| $2.02M | 0.01% |
30,104
+26,060
| +644% | +$1.87M |
|
1847
SunCoke Energy
SXC
$828M
| $2.02M | 0.01% |
89,793
-740,342
| -89% | -$17.1M |
|
1848
Rogers Corp
ROG
$2.23B
| $2.01M | 0.01% |
36,784
-11,686
| -24% | -$706K |
|
|
TSNU
1849
DELISTED
Tyson Foods, Inc.
TSNU
| $2.01M | 0.01% |
+40,000
| New | +$1.97M |
|
1850
PUT
General Mills
GIS
$21.3B
| $2.01M | 0.01% |
+39,900
| New | +$2.09M |
|
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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.