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 | |
|---|---|---|---|---|---|---|
1926
Expro Ltd
XPRO
$1.96B
| $1.83M | ﹤0.01% |
16,316
-12,735
| -44% | -$1.63M |
|
|
SPLS
1927
PUT
DELISTED
Staples Inc
SPLS
| $1.82M | ﹤0.01% |
+150,100
| New | +$1.76M |
|
1928
Moelis & Co
MC
$5.02B
| $1.81M | ﹤0.01% |
+53,111
| New | +$1.8M |
|
1929
Safety Insurance
SAFT
$1.52B
| $1.81M | ﹤0.01% |
33,628
-11,870
| -26% | -$629K |
|
1930
Marten Transport
MRTN
$1.18B
| $1.81M | ﹤0.01% |
254,300
+180,760
| +246% | +$1.47M |
|
|
VVC
1931
DELISTED
Vectren Corporation
VVC
| $1.81M | ﹤0.01% |
45,419
-20,786
| -31% | -$834K |
|
|
TROVW
1932
DELISTED
TrovaGene, Inc. Warrant
TROVW
| $1.81M | ﹤0.01% |
535,686
-200
| -0% | -$583 |
|
1933
CALL
Berkshire Hathaway Class B
BRK.B
$1.08T
| $1.81M | ﹤0.01% |
13,100
-7,200
| -35% | -$959K |
|
1934
CGI
GIB
$15.2B
| $1.81M | ﹤0.01% |
+53,580
| New | +$1.88M |
|
1935
Banner Corp
BANR
$2.39B
| $1.8M | ﹤0.01% |
+46,909
| New | +$1.84M |
|
1936
Mistras Group
MG
$593M
| $1.8M | ﹤0.01% |
88,381
+74,841
| +553% | +$1.63M |
|
|
BKMU
1937
DELISTED
Bank Mutual Corp
BKMU
| $1.8M | ﹤0.01% |
281,353
-83,396
| -23% | -$522K |
|
1938
HEICO Corp
HEI
$48.2B
| $1.8M | ﹤0.01% |
94,148
-56,665
| -38% | -$1.18M |
|
1939
Fomento Económico Mexicano
FMX
$42B
| $1.8M | ﹤0.01% |
19,539
-107,947
| -85% | -$10.3M |
|
1940
Eagle Materials
EXP
$6.13B
| $1.8M | ﹤0.01% |
17,655
-272,036
| -94% | -$26.4M |
|
1941
PUT
Tesla
TSLA
$1.37T
| $1.8M | ﹤0.01% |
+111,000
| New | +$1.83M |
|
|
RATE
1942
DELISTED
Bankrate Inc
RATE
| $1.79M | ﹤0.01% |
157,973
-98,903
| -39% | -$1.5M |
|
1943
Cemex
CX
$15.9B
| $1.79M | ﹤0.01% |
154,686
-1,378,901
| -90% | -$16M |
|
|
SALE
1944
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $1.79M | ﹤0.01% |
110,962
-222,669
| -67% | -$4.51M |
|
1945
Renasant Corp
RNST
$3.76B
| $1.79M | ﹤0.01% |
66,263
+41,648
| +169% | +$1.19M |
|
1946
PUT
Capri Holdings
CPRI
$1.54B
| $1.78M | ﹤0.01% |
25,000
-7,900
| -24% | -$635K |
|
1947
PUT
Williams Companies
WMB
$90.7B
| $1.78M | ﹤0.01% |
32,100
+12,200
| +61% | +$701K |
|
|
ESGR
1948
DELISTED
Enstar Group
ESGR
| $1.77M | ﹤0.01% |
+13,008
| New | +$1.85M |
|
1949
PUT
Toll Brothers
TOL
$13.8B
| $1.77M | ﹤0.01% |
56,800
+1,100
| +2% | +$37.7K |
|
|
GNC
1950
CALL
DELISTED
GNC Holdings, Inc.
GNC
| $1.77M | ﹤0.01% |
+45,700
| New | +$1.66M |
|
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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.