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 | |
|---|---|---|---|---|---|---|
2176
CALL
Signet Jewelers
SIG
$3.18B
| $1.2M | ﹤0.01% |
10,500
+5,200
| +98% | +$575K |
|
2177
Columbus McKinnon
CMCO
$531M
| $1.2M | ﹤0.01% |
54,358
+24,694
| +83% | +$623K |
|
2178
American Coastal Insurance
ACIC
$446M
| $1.19M | ﹤0.01% |
79,273
+19,850
| +33% | +$312K |
|
2179
Ducommun
DCO
$2.78B
| $1.19M | ﹤0.01% |
43,370
+33,433
| +336% | +$933K |
|
|
DCOM
2180
DELISTED
Dime Community Bancshares
DCOM
| $1.19M | ﹤0.01% |
82,589
-76,942
| -48% | -$1.17M |
|
2181
VEON
VEON
$4.16B
| $1.18M | ﹤0.01% |
6,560
-20,710
| -76% | -$4.35M |
|
2182
EastGroup Properties
EGP
$10.8B
| $1.18M | ﹤0.01% |
+19,517
| New | +$1.24M |
|
|
AEGN
2183
DELISTED
Aegion Corp
AEGN
| $1.18M | ﹤0.01% |
53,185
+44,412
| +506% | +$1.05M |
|
2184
Bristow Group
VTOL
$1.36B
| $1.18M | ﹤0.01% |
27,183
+20,105
| +284% | +$1.06M |
|
2185
WisdomTree Europe SmallCap Dividend Fund
DFE
$168M
| $1.18M | ﹤0.01% |
+22,456
| New | +$1.27M |
|
|
IHS
2186
CALL
DELISTED
IHS INC CL-A COM STK
IHS
| $1.18M | ﹤0.01% |
+9,400
| New | +$1.28M |
|
|
MR
2187
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $1.18M | ﹤0.01% |
+39,001
| New | +$1.21M |
|
|
ONE
2188
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $1.18M | ﹤0.01% |
476,162
+301,524
| +173% | +$1.14M |
|
|
RESI
2189
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.18M | ﹤0.01% |
48,997
-563,918
| -92% | -$14M |
|
|
AGEN
2190
Agenus
AGEN
$352M
| $1.17M | ﹤0.01% |
19,210
-8,852
| -32% | -$555K |
|
2191
Vaalco Energy
EGY
$607M
| $1.17M | ﹤0.01% |
+138,050
| New | +$1.12M |
|
2192
CALL
GameStop
GME
$8.19B
| $1.17M | ﹤0.01% |
113,600
+54,800
| +93% | +$583K |
|
2193
Adecoagro
AGRO
$1.54B
| $1.17M | ﹤0.01% |
132,693
+23,288
| +21% | +$222K |
|
2194
Tower Semiconductor
TSEM
$24.8B
| $1.17M | ﹤0.01% |
114,627
+11,165
| +11% | +$119K |
|
|
ALR
2195
DELISTED
Alere Inc
ALR
| $1.16M | ﹤0.01% |
30,003
-37,103
| -55% | -$1.39M |
|
|
HCR
2196
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $1.16M | ﹤0.01% |
22,500
-5,000
| -18% | -$312K |
|
2197
iShares S&P 100 ETF
OEF
$20.5B
| $1.16M | ﹤0.01% |
+13,115
| New | +$1.16M |
|
|
CELGZ
2198
DELISTED
Celgene Corporation Contingent Value Rights
CELGZ
| $1.16M | ﹤0.01% |
341,018
| – | – |
|
2199
Landstar System
LSTR
$6.17B
| $1.16M | ﹤0.01% |
16,004
-251,396
| -94% | -$17M |
|
|
CSGS
2200
DELISTED
CSG Systems International
CSGS
| $1.15M | ﹤0.01% |
43,855
-48,549
| -53% | -$1.31M |
|
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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.