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 | Energy | 13.05% |
| 3 | Financials | 9.97% |
| 4 | Industrials | 8.17% |
| 5 | Consumer Discretionary | 7.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XCO
1951
PUT
DELISTED
Exco Resources
XCO
| $2.04M | ﹤0.01% |
62,673
-10,940
| -15% | -$457K |
|
|
LABL
1952
DELISTED
Multi-Color Corp
LABL
| $2.04M | ﹤0.01% |
36,800
+30,156
| +454% | +$1.55M |
|
|
KNL
1953
DELISTED
Knoll, Inc.
KNL
| $2.03M | ﹤0.01% |
95,862
+48,653
| +103% | +$929K |
|
1954
Helen of Troy
HELE
$679M
| $2.02M | ﹤0.01% |
+31,104
| New | +$1.91M |
|
1955
Exelixis
EXEL
$13.9B
| $2.02M | ﹤0.01% |
1,401,248
+592,708
| +73% | +$924K |
|
1956
Manulife Financial
MFC
$71.7B
| $2.02M | ﹤0.01% |
105,679
-530,775
| -83% | -$10M |
|
|
CBB
1957
DELISTED
Cincinnati Bell Inc.
CBB
| $2.02M | ﹤0.01% |
126,441
+36,140
| +40% | +$612K |
|
1958
Extreme Networks
EXTR
$2.98B
| $2.02M | ﹤0.01% |
570,853
-81,081
| -12% | -$296K |
|
|
TSNU
1959
DELISTED
Tyson Foods, Inc.
TSNU
| $2.01M | ﹤0.01% |
40,000
| – | – |
|
1960
CALL
Autodesk
ADSK
$53.8B
| $2.01M | ﹤0.01% |
+33,500
| New | +$1.94M |
|
|
SRDX
1961
DELISTED
Surmodics
SRDX
| $2.01M | ﹤0.01% |
90,892
+58,798
| +183% | +$1.25M |
|
|
CPLA
1962
DELISTED
Capella Education Company
CPLA
| $2.01M | ﹤0.01% |
+26,101
| New | +$1.8M |
|
1963
PUT
Adobe
ADBE
$109B
| $2.01M | ﹤0.01% |
27,600
-7,500
| -21% | -$526K |
|
1964
Ball Corp
BALL
$17B
| $2M | ﹤0.01% |
+58,776
| New | +$1.94M |
|
|
VIRX
1965
DELISTED
Viracta Therapeutics, Inc. Common Stock
VIRX
| $2M | ﹤0.01% |
3,738
+3,381
| +947% | +$1.52M |
|
|
NBL
1966
PUT
DELISTED
Noble Energy, Inc.
NBL
| $2M | ﹤0.01% |
+42,100
| New | +$2.28M |
|
|
AAIC
1967
DELISTED
Arlington Asset Investment Corp.
AAIC
| $2M | ﹤0.01% |
74,991
-64,412
| -46% | -$1.74M |
|
1968
Xylem
XYL
$26.5B
| $1.99M | ﹤0.01% |
52,368
-133,245
| -72% | -$4.87M |
|
1969
Royal Gold
RGLD
$22.5B
| $1.99M | ﹤0.01% |
31,777
+23,677
| +292% | +$1.55M |
|
1970
Ring Energy
REI
$365M
| $1.99M | ﹤0.01% |
189,593
+176,427
| +1,340% | +$2.21M |
|
1971
CALL
SLB Ltd
SLB
$79.5B
| $1.99M | ﹤0.01% |
23,300
-176,700
| -88% | -$16.3M |
|
1972
Tempest Therapeutics
TPST
$17.9M
| $1.99M | ﹤0.01% |
+15
| New | +$1.1M |
|
|
CJES
1973
CALL
DELISTED
C&J ENERGY SVCS LTD
CJES
| $1.98M | ﹤0.01% |
+150,000
| New | +$2.68M |
|
1974
Hercules Capital
HTGC
$3.3B
| $1.98M | ﹤0.01% |
132,936
+942
| +0.7% | +$14.2K |
|
|
PGRE
1975
DELISTED
Paramount Group
PGRE
| $1.97M | ﹤0.01% |
+106,121
| New | +$1.95M |
|
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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 $7.43B 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 Energy and Financials.
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.