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 | |
|---|---|---|---|---|---|---|
2051
PUT
W.P. Carey
WPC
$16.1B
| $1.48M | ﹤0.01% |
+23,687
| New | +$1.55M |
|
2052
Steris
STE
$22.7B
| $1.47M | ﹤0.01% |
27,266
-104,180
| -79% | -$5.66M |
|
2053
Blue Bird Corp
BLBD
$1.9B
| $1.47M | ﹤0.01% |
+150,000
| New | +$1.46M |
|
2054
Applied Industrial Technologies
AIT
$12.4B
| $1.47M | ﹤0.01% |
32,187
+6,788
| +27% | +$332K |
|
2055
NMI Holdings
NMIH
$3.37B
| $1.47M | ﹤0.01% |
169,800
-79,775
| -32% | -$779K |
|
2056
The Greenbrier Companies
GBX
$1.43B
| $1.47M | ﹤0.01% |
19,998
-87,817
| -81% | -$6.02M |
|
|
VNET
2057
VNET Group
VNET
$1.89B
| $1.46M | ﹤0.01% |
+81,190
| New | +$2.14M |
|
2058
TG Therapeutics
TGTX
$8.53B
| $1.46M | ﹤0.01% |
136,877
-133,845
| -49% | -$1.24M |
|
|
MN
2059
DELISTED
MANNING & NAPIER, INC.
MN
| $1.46M | ﹤0.01% |
86,985
-21,166
| -20% | -$370K |
|
|
USG
2060
DELISTED
Usg
USG
| $1.46M | ﹤0.01% |
53,092
-13,326
| -20% | -$379K |
|
2061
CALL
Monster Beverage
MNST
$91.5B
| $1.46M | ﹤0.01% |
190,800
+9,600
| +5% | +$63K |
|
2062
iShares Silver Trust
SLV
$33.8B
| $1.46M | ﹤0.01% |
89,074
+40,674
| +84% | +$769K |
|
|
JNS
2063
PUT
DELISTED
Janus Capital Group Inc
JNS
| $1.45M | ﹤0.01% |
+100,000
| New | +$1.21M |
|
|
AAWW
2064
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $1.45M | ﹤0.01% |
+44,028
| New | +$1.52M |
|
2065
FirstCash
FCFS
$9.69B
| $1.45M | ﹤0.01% |
25,932
+6,979
| +37% | +$397K |
|
2066
Apogee Enterprises
APOG
$850M
| $1.45M | ﹤0.01% |
36,457
+3,569
| +11% | +$127K |
|
|
PAY
2067
CALL
DELISTED
Verifone Systems Inc
PAY
| $1.45M | ﹤0.01% |
42,200
-25,400
| -38% | -$894K |
|
|
MSCC
2068
DELISTED
Microsemi Corp
MSCC
| $1.45M | ﹤0.01% |
57,087
+40,514
| +244% | +$1.04M |
|
|
IHS
2069
PUT
DELISTED
IHS INC CL-A COM STK
IHS
| $1.44M | ﹤0.01% |
+11,500
| New | +$1.56M |
|
|
PTRY
2070
DELISTED
PANTRY INC (THE)
PTRY
| $1.44M | ﹤0.01% |
71,167
+24,880
| +54% | +$476K |
|
|
TBRG
2071
DELISTED
TruBridge
TBRG
| $1.44M | ﹤0.01% |
+25,000
| New | +$1.56M |
|
|
BLT
2072
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $1.43M | ﹤0.01% |
94,578
+23,015
| +32% | +$343K |
|
|
ASCMA
2073
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $1.43M | ﹤0.01% |
23,764
-36,516
| -61% | -$2.3M |
|
|
IXYS
2074
DELISTED
IXYS Corp
IXYS
| $1.43M | ﹤0.01% |
136,217
+90,702
| +199% | +$1.06M |
|
|
PER
2075
DELISTED
SANDRIDGE PERMIAN TRUST
PER
| $1.43M | ﹤0.01% |
147,119
+132,010
| +874% | +$1.55M |
|
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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.