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 | |
|---|---|---|---|---|---|---|
|
PEGI
176
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $45.5M | 0.12% |
1,470,336
+129,383
| +10% | +$4.11M |
|
177
FMC
FMC
$1.38B
| $45.3M | 0.11% |
913,510
+578,331
| +173% | +$32.9M |
|
|
AL
178
DELISTED
Air Lease Corp
AL
| $45.2M | 0.11% |
1,391,044
+1,228,923
| +758% | +$44.8M |
|
179
LXP Industrial Trust
LXP
$3.59B
| $45M | 0.11% |
919,839
+635,330
| +223% | +$34.5M |
|
|
BRS
180
DELISTED
Bristow Group, Inc.
BRS
| $45M | 0.11% |
669,831
+633,375
| +1,737% | +$45.8M |
|
181
Microsoft
MSFT
$3.59T
| $44.8M | 0.11% |
966,185
-39,726
| -4% | -$1.77M |
|
182
Liberty Global Class A
LBTYA
$3.63B
| $44.7M | 0.11% |
1,273,974
-232,019
| -15% | -$8.27M |
|
|
EA
183
DELISTED
Electronic Arts
EA
| $44.6M | 0.11% |
1,251,163
+227,367
| +22% | +$8.29M |
|
184
BHP
BHP
$246B
| $44.4M | 0.11% |
892,780
+298,083
| +50% | +$17.3M |
|
185
Hancock Whitney
HWC
$6.05B
| $44.3M | 0.11% |
1,382,263
+605,727
| +78% | +$20.2M |
|
186
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $44.1M | 0.11% |
521,732
+52,908
| +11% | +$4.47M |
|
187
RTX Corp
RTX
$283B
| $44M | 0.11% |
+662,815
| New | +$45.5M |
|
188
NVIDIA
NVDA
$5.2T
| $44M | 0.11% |
95,470,680
+91,018,440
| +2,044% | +$42.9M |
|
189
Illinois Tool Works
ITW
$80.4B
| $44M | 0.11% |
521,462
-64,243
| -11% | -$5.56M |
|
190
Agnico Eagle Mines
AEM
$109B
| $43.8M | 0.11% |
1,509,733
+1,347,366
| +830% | +$50.1M |
|
191
Aramark
ARMK
$15.8B
| $43.8M | 0.11% |
2,305,816
+525,299
| +30% | +$10.1M |
|
192
Adobe
ADBE
$109B
| $43.8M | 0.11% |
632,544
-250,608
| -28% | -$17.8M |
|
|
EQY
193
DELISTED
Equity One
EQY
| $43.6M | 0.11% |
2,014,309
+1,527,735
| +314% | +$35.6M |
|
|
BBG
194
DELISTED
Bill Barrett Corp
BBG
| $43.6M | 0.11% |
1,976,065
+1,466,372
| +288% | +$34.2M |
|
195
Chevron
CVX
$403B
| $43.3M | 0.11% |
363,190
+336,616
| +1,267% | +$43M |
|
|
AVNR
196
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
| $43.2M | 0.11% |
3,622,397
-1,246,160
| -26% | -$8.51M |
|
197
Clearway Energy Class C
CWEN
$6.68B
| $43.2M | 0.11% |
1,835,194
+663,718
| +57% | +$17.3M |
|
|
GRFS
198
Grifois
GRFS
$5.44B
| $43M | 0.11% |
2,447,380
-547,886
| -18% | -$10.6M |
|
199
Merck
MRK
$376B
| $42.9M | 0.11% |
758,880
+582,261
| +330% | +$32.7M |
|
200
Air Products & Chemicals
APD
$67.9B
| $42.8M | 0.11% |
355,605
+241,948
| +213% | +$29.6M |
|
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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.