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 | Miscellaneous | 15.52% |
| 2 | Energy | 15.14% |
| 3 | Healthcare | 12.64% |
| 4 | Financials | 8.59% |
| 5 | Utilities | 7.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
PUT
Berkshire Hathaway Class B
BRK.B
$1.08T
| $1.77M | ﹤0.01% |
12,800
-8,500
| -40% | -$1.13M |
|
|
BBBY
1952
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.76M | ﹤0.01% |
26,800
-60,000
| -69% | -$3.77M |
|
1953
OraSure Technologies
OSUR
$257M
| $1.76M | ﹤0.01% |
244,133
+21,771
| +10% | +$174K |
|
1954
Kemper
KMPR
$1.63B
| $1.76M | ﹤0.01% |
+51,563
| New | +$1.84M |
|
|
FIG
1955
CALL
DELISTED
Fortress Investment Group Llc
FIG
| $1.76M | ﹤0.01% |
+255,900
| New | +$1.89M |
|
1956
Radware
RDWR
$1.24B
| $1.75M | ﹤0.01% |
99,289
+75,325
| +314% | +$1.27M |
|
|
CTRL
1957
DELISTED
Control4 Corporation
CTRL
| $1.75M | ﹤0.01% |
135,529
+118,883
| +714% | +$1.87M |
|
|
NOAH
1958
Noah Holdings
NOAH
$592M
| $1.75M | ﹤0.01% |
130,494
+48,010
| +58% | +$727K |
|
|
MFRM
1959
PUT
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $1.75M | ﹤0.01% |
+29,100
| New | +$1.58M |
|
1960
SiriusXM
SIRI
$9.65B
| $1.75M | ﹤0.01% |
50,000
-50,832
| -50% | -$1.78M |
|
|
IL
1961
DELISTED
IntraLinks Holdings Inc.
IL
| $1.74M | ﹤0.01% |
214,902
+185,619
| +634% | +$1.56M |
|
|
HAYN
1962
DELISTED
Haynes International, Inc.
HAYN
| $1.74M | ﹤0.01% |
+37,774
| New | +$1.93M |
|
1963
PUT
Designer Brands
DBI
$282M
| $1.73M | ﹤0.01% |
57,600
+46,600
| +424% | +$1.34M |
|
1964
PUT
Kroger
KR
$35.2B
| $1.73M | ﹤0.01% |
66,600
+57,600
| +640% | +$1.46M |
|
1965
UMB Financial
UMBF
$11B
| $1.73M | ﹤0.01% |
+31,726
| New | +$1.83M |
|
1966
Omnicom Group
OMC
$24.3B
| $1.73M | ﹤0.01% |
25,069
-459,287
| -95% | -$32.8M |
|
1967
National CineMedia
NCMI
$240M
| $1.72M | ﹤0.01% |
11,848
+8,317
| +236% | +$1.27M |
|
|
POT
1968
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.72M | ﹤0.01% |
49,700
-186,700
| -79% | -$6.61M |
|
1969
Acadia Healthcare
ACHC
$2.78B
| $1.7M | ﹤0.01% |
35,144
-27,233
| -44% | -$1.33M |
|
1970
TechnipFMC
FTI
$29.7B
| $1.7M | ﹤0.01% |
42,134
-1,690,703
| -98% | -$74.7M |
|
1971
PUT
Factset
FDS
$10.8B
| $1.7M | ﹤0.01% |
14,000
+3,400
| +32% | +$420K |
|
1972
CALL
Tesla
TSLA
$1.39T
| $1.7M | ﹤0.01% |
+105,000
| New | +$1.73M |
|
|
VRN
1973
DELISTED
Veren
VRN
| $1.7M | ﹤0.01% |
50,813
+44,617
| +720% | +$1.65M |
|
|
RCPT
1974
CALL
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $1.7M | ﹤0.01% |
+27,300
| New | +$1.3M |
|
1975
Caesarstone
CSTE
$115M
| $1.69M | ﹤0.01% |
32,720
-16,300
| -33% | -$812K |
|
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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 $4.26B 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 Miscellaneous at 16% of assets, up from 14% a quarter earlier, followed by Energy and Healthcare.
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.