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 | |
|---|---|---|---|---|---|---|
|
SAEX
2076
DELISTED
SAExploration Holdings, Inc.
SAEX
| $1.42M | ﹤0.01% |
63
| – | – |
|
2077
Ribbon Communications
RBBN
$358M
| $1.42M | ﹤0.01% |
82,904
-53,480
| -39% | -$1.02M |
|
2078
Walmart Inc
WMT
$817B
| $1.42M | ﹤0.01% |
55,572
-302,598
| -84% | -$7.64M |
|
2079
Associated Banc-Corp
ASB
$5.82B
| $1.41M | ﹤0.01% |
+81,162
| New | +$1.47M |
|
2080
Telus
TU
$15.4B
| $1.41M | ﹤0.01% |
+82,636
| New | +$1.47M |
|
2081
Tidewater
TDW
$4.63B
| $1.4M | ﹤0.01% |
+1,113
| New | +$1.74M |
|
2082
PUT
United Natural Foods
UNFI
$2.86B
| $1.4M | ﹤0.01% |
+22,800
| New | +$1.43M |
|
|
HOUS
2083
CALL
DELISTED
Anywhere Real Estate
HOUS
| $1.4M | ﹤0.01% |
37,500
| – | – |
|
2084
CALL
PVH
PVH
$3.51B
| $1.39M | ﹤0.01% |
11,500
-4,000
| -26% | -$469K |
|
2085
Wells Fargo
WFC
$257B
| $1.39M | ﹤0.01% |
26,854
-39,416
| -59% | -$2.03M |
|
2086
CorVel
CRVL
$3.51B
| $1.39M | ﹤0.01% |
122,442
+73,749
| +151% | +$994K |
|
2087
Manhattan Associates
MANH
$13B
| $1.39M | ﹤0.01% |
41,562
+17,338
| +72% | +$542K |
|
|
EV
2088
DELISTED
Eaton Vance Corp.
EV
| $1.39M | ﹤0.01% |
36,712
-211,073
| -85% | -$7.92M |
|
|
NAVG
2089
DELISTED
Navigators Group Inc
NAVG
| $1.38M | ﹤0.01% |
44,752
+37,274
| +498% | +$1.18M |
|
2090
iShares Core MSCI Emerging Markets ETF
IEMG
$162B
| $1.37M | ﹤0.01% |
+27,410
| New | +$1.45M |
|
2091
Daktronics
DAKT
$947M
| $1.37M | ﹤0.01% |
111,233
+71,112
| +177% | +$867K |
|
2092
Sabesp
SBS
$17B
| $1.36M | ﹤0.01% |
+868,111
| New | +$1.57M |
|
|
MCRL
2093
DELISTED
MICREL INC
MCRL
| $1.36M | ﹤0.01% |
113,155
+39,502
| +54% | +$462K |
|
|
ELOS
2094
DELISTED
Syneron Medical Ltd
ELOS
| $1.36M | ﹤0.01% |
135,778
-8,348
| -6% | -$84.9K |
|
2095
iShares MBS ETF
MBB
$39.2B
| $1.36M | ﹤0.01% |
+12,539
| New | +$1.35M |
|
|
XOMA
2096
DELISTED
Xoma
XOMA
| $1.36M | ﹤0.01% |
16,101
-7,508
| -32% | -$641K |
|
|
STBZ
2097
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $1.35M | ﹤0.01% |
83,329
+12,980
| +18% | +$216K |
|
2098
Ericsson
ERIC
$33B
| $1.35M | ﹤0.01% |
107,109
-556,409
| -84% | -$6.91M |
|
2099
PUT
IBM
IBM
$225B
| $1.35M | ﹤0.01% |
+7,427
| New | +$1.35M |
|
|
EGLT
2100
DELISTED
Egalet Corporation
EGLT
| $1.35M | ﹤0.01% |
236,074
-33,982
| -13% | -$357K |
|
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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.