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 | |
|---|---|---|---|---|---|---|
1901
W&T Offshore
WTI
$540M
| $2.21M | ﹤0.01% |
301,667
-94,093
| -24% | -$804K |
|
1902
Theravance Biopharma
TBPH
$885M
| $2.21M | ﹤0.01% |
148,349
+138,060
| +1,342% | +$2.41M |
|
1903
Semtech
SMTC
$13.4B
| $2.21M | ﹤0.01% |
80,078
+43,040
| +116% | +$1.1M |
|
1904
Harmony Gold Mining
HMY
$13.2B
| $2.2M | ﹤0.01% |
1,164,264
-773,886
| -40% | -$1.42M |
|
1905
CALL
BlackBerry
BB
$4.88B
| $2.2M | ﹤0.01% |
200,000
| – | – |
|
|
CCG
1906
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $2.19M | ﹤0.01% |
300,210
-1,948,891
| -87% | -$13.8M |
|
|
UPL
1907
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $2.19M | ﹤0.01% |
+166,709
| New | +$3.36M |
|
1908
Metallus
MTUS
$819M
| $2.18M | ﹤0.01% |
58,902
-216,297
| -79% | -$7.99M |
|
|
TUP
1909
DELISTED
Tupperware Brands Corporation
TUP
| $2.18M | ﹤0.01% |
34,616
-116,723
| -77% | -$7.63M |
|
1910
Ecopetrol
EC
$34.2B
| $2.18M | ﹤0.01% |
127,156
+50,897
| +67% | +$1.21M |
|
|
ONIT
1911
Onity Group
ONIT
$291M
| $2.17M | ﹤0.01% |
9,601
+7,372
| +331% | +$2.4M |
|
|
SDLP
1912
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $2.17M | ﹤0.01% |
13,404
+11,466
| +592% | +$2.57M |
|
|
SINA
1913
PUT
DELISTED
Sina Corp
SINA
| $2.16M | ﹤0.01% |
57,700
-4,200
| -7% | -$163K |
|
|
CVT
1914
DELISTED
CVENT, INC.
CVT
| $2.15M | ﹤0.01% |
+77,376
| New | +$2.03M |
|
1915
CALL
Ciena
CIEN
$56.6B
| $2.15M | ﹤0.01% |
110,900
+46,200
| +71% | +$771K |
|
|
CALY
1916
Callaway Golf Company
CALY
$2.79B
| $2.15M | ﹤0.01% |
279,492
-250,223
| -47% | -$1.86M |
|
|
WW
1917
PUT
DELISTED
WW International
WW
| $2.15M | ﹤0.01% |
86,600
| – | – |
|
1918
PUT
Ulta Beauty
ULTA
$23B
| $2.15M | ﹤0.01% |
16,800
-5,700
| -25% | -$699K |
|
1919
CALL
Leidos
LDOS
$17.5B
| $2.15M | ﹤0.01% |
49,300
-36,000
| -42% | -$1.41M |
|
|
ELOS
1920
DELISTED
Syneron Medical Ltd
ELOS
| $2.15M | ﹤0.01% |
229,908
+94,130
| +69% | +$908K |
|
|
NBL
1921
CALL
DELISTED
Noble Energy, Inc.
NBL
| $2.14M | ﹤0.01% |
+45,200
| New | +$2.45M |
|
1922
Imperial Oil
IMO
$63.1B
| $2.14M | ﹤0.01% |
49,807
-79,186
| -61% | -$3.6M |
|
|
BIG
1923
PUT
DELISTED
Big Lots, Inc.
BIG
| $2.14M | ﹤0.01% |
53,400
+7,000
| +15% | +$311K |
|
1924
uniQure
QURE
$3.47B
| $2.13M | ﹤0.01% |
144,151
+22,846
| +19% | +$280K |
|
1925
Morningstar
MORN
$8.07B
| $2.13M | ﹤0.01% |
32,929
+812
| +3% | +$53.8K |
|
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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.