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 | |
|---|---|---|---|---|---|---|
2126
CDW
CDW
$18.6B
| $1.3M | ﹤0.01% |
41,785
-12,938
| -24% | -$409K |
|
|
AIRM
2127
DELISTED
Air Methods Corp
AIRM
| $1.3M | ﹤0.01% |
23,341
-61,359
| -72% | -$3.37M |
|
|
EVOL
2128
DELISTED
Evolving Systems, Inc.
EVOL
| $1.3M | ﹤0.01% |
141,594
| – | – |
|
|
ARO
2129
DELISTED
Aeropostale Inc
ARO
| $1.3M | ﹤0.01% |
+393,907
| New | +$1.4M |
|
|
AUO
2130
DELISTED
AU Optronics Corp
AUO
| $1.29M | ﹤0.01% |
310,380
+39,593
| +15% | +$179K |
|
2131
MarineMax
HZO
$1.15B
| $1.29M | ﹤0.01% |
+76,327
| New | +$1.32M |
|
|
NPKI
2132
NPK International
NPKI
$1.15B
| $1.28M | ﹤0.01% |
103,301
-254,720
| -71% | -$3.14M |
|
2133
CALL
Cracker Barrel
CBRL
$1.23B
| $1.28M | ﹤0.01% |
12,400
+6,800
| +121% | +$680K |
|
2134
Celestica
CLS
$40B
| $1.28M | ﹤0.01% |
+125,988
| New | +$1.4M |
|
2135
Modine Manufacturing
MOD
$9.9B
| $1.28M | ﹤0.01% |
107,720
+43,708
| +68% | +$611K |
|
2136
ArcelorMittal
MT
$56.3B
| $1.28M | ﹤0.01% |
40,866
-7,573
| -16% | -$252K |
|
2137
Cavco Industries
CVCO
$4.39B
| $1.27M | ﹤0.01% |
18,736
+4,104
| +28% | +$304K |
|
2138
CALL
Herc Holdings
HRI
$5.2B
| $1.27M | ﹤0.01% |
16,667
-43,566
| -72% | -$3.72M |
|
|
2139
PUT
Cracker Barrel
CBRL
$1.23B
| $1.27M | ﹤0.01% |
12,300
+4,800
| +64% | +$480K |
|
2140
Hexcel
HXL
$7.16B
| $1.27M | ﹤0.01% |
31,968
-268,959
| -89% | -$10.6M |
|
2141
Marchex
MCHX
$80.3M
| $1.27M | ﹤0.01% |
305,403
+284,081
| +1,332% | +$2.64M |
|
2142
Brady Corp
BRC
$4.4B
| $1.27M | ﹤0.01% |
56,402
-38,376
| -40% | -$1.01M |
|
2143
West Pharmaceutical
WST
$24.4B
| $1.26M | ﹤0.01% |
28,247
-136,122
| -83% | -$5.78M |
|
|
WNRL
2144
DELISTED
Western Refining Logistics, LP
WNRL
| $1.26M | ﹤0.01% |
+36,210
| New | +$1.21M |
|
2145
Barclays
BCS
$90.3B
| $1.26M | ﹤0.01% |
91,432
-853,609
| -90% | -$11.8M |
|
|
INVN
2146
DELISTED
Invensense Inc
INVN
| $1.26M | ﹤0.01% |
63,740
+53,940
| +550% | +$1.27M |
|
2147
Arq
ARQ
$96.1M
| $1.26M | ﹤0.01% |
59,076
+23,096
| +64% | +$502K |
|
|
EBSB
2148
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.26M | ﹤0.01% |
+119,021
| New | +$1.27M |
|
2149
CACI
CACI
$14B
| $1.26M | ﹤0.01% |
17,630
+10,855
| +160% | +$766K |
|
2150
PUT
Target
TGT
$75.4B
| $1.25M | ﹤0.01% |
20,000
-2,500
| -11% | -$151K |
|
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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.