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 | |
|---|---|---|---|---|---|---|
2051
CALL
Viatris
VTRS
$19.4B
| $1.8M | ﹤0.01% |
31,900
+26,000
| +441% | +$1.4M |
|
2052
Watts Water Technologies
WTS
$12.6B
| $1.79M | ﹤0.01% |
+28,302
| New | +$1.72M |
|
|
MASI
2053
DELISTED
Masimo
MASI
| $1.79M | ﹤0.01% |
68,095
-317,306
| -82% | -$7.83M |
|
|
FCRD
2054
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.79M | ﹤0.01% |
152,195
+37,130
| +32% | +$469K |
|
2055
PUT
Cameco
CCJ
$46.8B
| $1.79M | ﹤0.01% |
109,000
| – | – |
|
2056
PUT
Duke Energy
DUK
$95B
| $1.79M | ﹤0.01% |
+21,400
| New | +$1.73M |
|
|
VOLC
2057
CALL
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $1.79M | ﹤0.01% |
+100,000
| New | +$1.2M |
|
2058
PUT
Teekay
TK
$1.07B
| $1.79M | ﹤0.01% |
35,100
-13,600
| -28% | -$739K |
|
|
FMI
2059
CALL
DELISTED
Foundation Medicine, Inc.
FMI
| $1.78M | ﹤0.01% |
+80,000
| New | +$1.85M |
|
2060
POSCO
PKX
$17.7B
| $1.78M | ﹤0.01% |
+27,855
| New | +$1.92M |
|
2061
Lloyds Banking Group
LYG
$87.5B
| $1.77M | ﹤0.01% |
+382,556
| New | +$1.85M |
|
|
HES
2062
PUT
DELISTED
Hess
HES
| $1.77M | ﹤0.01% |
24,000
+21,000
| +700% | +$1.66M |
|
2063
PUT
Jabil
JBL
$32.6B
| $1.77M | ﹤0.01% |
81,100
-2,100
| -3% | -$42.7K |
|
|
P
2064
DELISTED
Pandora Media Inc
P
| $1.77M | ﹤0.01% |
+99,153
| New | +$1.96M |
|
|
NPSP
2065
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $1.76M | ﹤0.01% |
49,344
-647,794
| -93% | -$19.3M |
|
2066
Federal Realty Investment Trust
FRT
$10.2B
| $1.76M | ﹤0.01% |
13,200
-3,870
| -23% | -$502K |
|
2067
AngioDynamics
ANGO
$649M
| $1.76M | ﹤0.01% |
92,639
+49,724
| +116% | +$843K |
|
|
ESV
2068
CALL
DELISTED
Ensco Rowan plc
ESV
| $1.76M | ﹤0.01% |
+14,675
| New | +$2.1M |
|
2069
La-Z-Boy
LZB
$1.3B
| $1.76M | ﹤0.01% |
65,460
-98,908
| -60% | -$2.34M |
|
2070
OneSpan
OSPN
$566M
| $1.76M | ﹤0.01% |
62,279
+10,950
| +21% | +$271K |
|
|
POT
2071
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.75M | ﹤0.01% |
49,700
| – | – |
|
2072
Carpenter Technology
CRS
$24B
| $1.75M | ﹤0.01% |
35,596
-280,452
| -89% | -$13.5M |
|
|
RSTI
2073
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $1.75M | ﹤0.01% |
+60,947
| New | +$1.53M |
|
|
LL
2074
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.75M | ﹤0.01% |
26,395
+10,955
| +71% | +$634K |
|
2075
PUT
Honeywell
HON
$69.9B
| $1.75M | ﹤0.01% |
19,476
-3,004
| -13% | -$258K |
|
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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.