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 | |
|---|---|---|---|---|---|---|
|
BRSL
1976
CALL
Brightstar Lottery PLC
BRSL
$2.09B
| $1.69M | ﹤0.01% |
100,000
-900
| -0.9% | -$15K |
|
|
SONC
1977
DELISTED
Sonic Corp
SONC
| $1.68M | ﹤0.01% |
+75,201
| New | +$1.63M |
|
1978
Argan
AGX
$6.39B
| $1.68M | ﹤0.01% |
50,321
-9,062
| -15% | -$332K |
|
1979
PUT
Jabil
JBL
$32.7B
| $1.68M | ﹤0.01% |
83,200
-4,500
| -5% | -$94K |
|
1980
Heron Therapeutics
HRTX
$60M
| $1.67M | ﹤0.01% |
200,469
-12,537
| -6% | -$117K |
|
1981
World Acceptance Corp
WRLD
$897M
| $1.67M | ﹤0.01% |
24,730
-4,910
| -17% | -$381K |
|
1982
CALL
Kroger
KR
$35.2B
| $1.66M | ﹤0.01% |
64,000
+54,600
| +581% | +$1.38M |
|
|
URS
1983
DELISTED
URS CORP
URS
| $1.66M | ﹤0.01% |
28,882
+14,324
| +98% | +$832K |
|
|
BLUE
1984
CALL
DELISTED
bluebird bio
BLUE
| $1.66M | ﹤0.01% |
+3,574
| New | +$1.65M |
|
|
TPC
1985
Tutor Perini Cor
TPC
$4.8B
| $1.66M | ﹤0.01% |
62,867
+7,733
| +14% | +$226K |
|
|
SNP
1986
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $1.66M | ﹤0.01% |
+19,000
| New | +$1.84M |
|
1987
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $1.66M | ﹤0.01% |
36,770
-122,104
| -77% | -$5.48M |
|
|
SCAI
1988
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $1.66M | ﹤0.01% |
61,976
+11,069
| +22% | +$322K |
|
1989
UFP Industries
UFPI
$4.74B
| $1.65M | ﹤0.01% |
+116,151
| New | +$1.79M |
|
1990
COPT Defense Properties
CDP
$4.22B
| $1.65M | ﹤0.01% |
+64,057
| New | +$1.79M |
|
1991
Vanguard S&P 500 ETF
VOO
$1.03T
| $1.64M | ﹤0.01% |
9,091
+2,585
| +40% | +$469K |
|
|
AERI
1992
DELISTED
Aerie Pharmaceuticals
AERI
| $1.64M | ﹤0.01% |
79,368
+43,165
| +119% | +$851K |
|
1993
Arista Networks
ANET
$254B
| $1.64M | ﹤0.01% |
296,560
-87,440
| -23% | -$415K |
|
|
TESO
1994
DELISTED
Tesco Corp
TESO
| $1.63M | ﹤0.01% |
82,320
-401,530
| -83% | -$8.25M |
|
1995
CALL
International Paper
IP
$21.6B
| $1.63M | ﹤0.01% |
52,800
-22,155
| -30% | -$1.02M |
|
|
ENOC
1996
DELISTED
EnerNOC, Inc.
ENOC
| $1.63M | ﹤0.01% |
96,188
+76,552
| +390% | +$1.43M |
|
1997
CALL
Factset
FDS
$10.8B
| $1.63M | ﹤0.01% |
13,400
+6,300
| +89% | +$778K |
|
1998
National Fuel Gas
NFG
$7.83B
| $1.63M | ﹤0.01% |
23,270
-11,734
| -34% | -$860K |
|
|
JMBA
1999
DELISTED
Jamba, Inc.
JMBA
| $1.63M | ﹤0.01% |
114,522
+88,585
| +342% | +$1.2M |
|
|
AYR
2000
DELISTED
Aircastle Ltd
AYR
| $1.63M | ﹤0.01% |
99,537
-880,166
| -90% | -$16M |
|
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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.