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 | |
|---|---|---|---|---|---|---|
1901
VanEck Semiconductor ETF
SMH
$65.9B
| $1.88M | ﹤0.01% |
+73,662
| New | +$1.86M |
|
1902
PUT
Honeywell
HON
$68.4B
| $1.88M | ﹤0.01% |
22,480
+3,004
| +15% | +$255K |
|
1903
BancFirst
BANF
$3.73B
| $1.88M | ﹤0.01% |
60,110
+3,126
| +5% | +$97.7K |
|
|
ARGO
1904
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $1.88M | ﹤0.01% |
51,979
-122,700
| -70% | -$4.58M |
|
|
SAFE
1905
Safehold
SAFE
$1.1B
| $1.88M | ﹤0.01% |
28,530
+4,656
| +20% | +$329K |
|
1906
Avnet
AVT
$7.19B
| $1.87M | ﹤0.01% |
45,163
-248,368
| -85% | -$10.8M |
|
1907
Groupon
GRPN
$797M
| $1.87M | ﹤0.01% |
14,012
-73,747
| -84% | -$9.6M |
|
|
AIMC
1908
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.87M | ﹤0.01% |
+64,189
| New | +$2.15M |
|
|
CTLP
1909
DELISTED
Cantaloupe
CTLP
| $1.87M | ﹤0.01% |
1,039,500
+25,000
| +2% | +$49.6K |
|
|
TIF
1910
PUT
DELISTED
Tiffany & Co.
TIF
| $1.87M | ﹤0.01% |
+19,400
| New | +$1.93M |
|
1911
Cincinnati Financial
CINF
$26.3B
| $1.87M | ﹤0.01% |
39,680
+33,717
| +565% | +$1.61M |
|
|
IOC
1912
DELISTED
Interoil Corporation
IOC
| $1.87M | ﹤0.01% |
34,385
+24,949
| +264% | +$1.46M |
|
|
NOR
1913
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $1.86M | ﹤0.01% |
58,879
+7,743
| +15% | +$239K |
|
1914
CALL
Healthpeak Properties
DOC
$14.9B
| $1.85M | ﹤0.01% |
+51,277
| New | +$1.94M |
|
1915
First Bancorp
FBP
$4.27B
| $1.85M | ﹤0.01% |
390,251
+14,130
| +4% | +$72.9K |
|
1916
LSB Industries
LXU
$740M
| $1.85M | ﹤0.01% |
+67,272
| New | +$2M |
|
1917
Sarepta Therapeutics
SRPT
$2B
| $1.85M | ﹤0.01% |
87,604
-129,413
| -60% | -$2.92M |
|
1918
CALL
Zoetis
ZTS
$31.9B
| $1.85M | ﹤0.01% |
+50,000
| New | +$1.71M |
|
1919
Matador Resources
MTDR
$6.87B
| $1.85M | ﹤0.01% |
+71,451
| New | +$1.88M |
|
1920
Omeros
OMER
$1.4B
| $1.85M | ﹤0.01% |
145,120
+108,261
| +294% | +$1.52M |
|
|
AFFX
1921
DELISTED
Affymetrix Inc
AFFX
| $1.85M | ﹤0.01% |
231,271
-26,005
| -10% | -$223K |
|
|
IMPR
1922
DELISTED
IMPRIVATA, INC COM
IMPR
| $1.84M | ﹤0.01% |
+118,457
| New | +$1.74M |
|
|
SEMI
1923
DELISTED
SunEdison Semiconductor Limited
SEMI
| $1.84M | ﹤0.01% |
94,907
-24,683
| -21% | -$421K |
|
|
ESPR
1924
DELISTED
Esperion Therapeutics
ESPR
| $1.83M | ﹤0.01% |
75,036
-3,145
| -4% | -$50K |
|
1925
Seagate
STX
$186B
| $1.83M | ﹤0.01% |
+32,041
| New | +$1.9M |
|
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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.