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 | |
|---|---|---|---|---|---|---|
|
SAFM
2201
CALL
DELISTED
Sanderson Farms Inc
SAFM
| $1.15M | ﹤0.01% |
+13,100
| New | +$1.24M |
|
|
ARII
2202
DELISTED
American Railcar Industries, Inc.
ARII
| $1.15M | ﹤0.01% |
+15,586
| New | +$1.15M |
|
2203
CALL
Palo Alto Networks
PANW
$312B
| $1.15M | ﹤0.01% |
+70,200
| New | +$1.01M |
|
2204
Angi Inc
ANGI
$189M
| $1.14M | ﹤0.01% |
17,874
-27,051
| -60% | -$2.3M |
|
2205
Grupo Aeroportuario del Sureste
ASR
$7.8B
| $1.14M | ﹤0.01% |
8,867
-4,132
| -32% | -$529K |
|
|
SCLN
2206
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $1.14M | ﹤0.01% |
165,206
+102,159
| +162% | +$612K |
|
|
STR
2207
DELISTED
QUESTAR CORP
STR
| $1.13M | ﹤0.01% |
50,697
-523,369
| -91% | -$12.1M |
|
2208
DTE Energy
DTE
$28.3B
| $1.13M | ﹤0.01% |
17,391
-222,246
| -93% | -$14.4M |
|
2209
Navios Maritime Partners
NMM
$2.51B
| $1.13M | ﹤0.01% |
+4,211
| New | +$1.22M |
|
2210
Pultegroup
PHM
$24.1B
| $1.13M | ﹤0.01% |
63,709
-637,915
| -91% | -$12M |
|
2211
Pricesmart
PSMT
$5.34B
| $1.12M | ﹤0.01% |
13,127
-7,375
| -36% | -$641K |
|
2212
uniQure
QURE
$3.44B
| $1.12M | ﹤0.01% |
121,305
+16,063
| +15% | +$176K |
|
|
ZIXI
2213
DELISTED
Zix Corporation
ZIXI
| $1.12M | ﹤0.01% |
327,078
+128,673
| +65% | +$460K |
|
|
GK
2214
DELISTED
G&K Services Inc
GK
| $1.12M | ﹤0.01% |
20,163
-36,880
| -65% | -$1.96M |
|
|
RAI
2215
CALL
DELISTED
Reynolds American Inc
RAI
| $1.11M | ﹤0.01% |
37,800
-12,200
| -24% | -$355K |
|
2216
Akamai
AKAM
$16B
| $1.11M | ﹤0.01% |
18,602
-69,298
| -79% | -$4.17M |
|
|
LFC
2217
DELISTED
China Life Insurance Company Ltd.
LFC
| $1.11M | ﹤0.01% |
79,839
-70,794
| -47% | -$1.02M |
|
2218
CALL
Advance Auto Parts
AAP
$2.63B
| $1.11M | ﹤0.01% |
8,500
+600
| +8% | +$78.7K |
|
2219
BJ's Restaurants
BJRI
$1.36B
| $1.11M | ﹤0.01% |
+30,791
| New | +$1.09M |
|
|
MBLY
2220
DELISTED
Mobileye N.V.
MBLY
| $1.11M | ﹤0.01% |
+20,677
| New | +$903K |
|
2221
ResMed
RMD
$34B
| $1.11M | ﹤0.01% |
+22,468
| New | +$1.14M |
|
2222
New Mountain Finance
NMFC
$720M
| $1.11M | ﹤0.01% |
75,288
-23,045
| -23% | -$344K |
|
2223
Universal Electronics
UEIC
$55.4M
| $1.1M | ﹤0.01% |
+22,321
| New | +$1.15M |
|
|
CAMP
2224
DELISTED
CalAmp Corp.
CAMP
| $1.1M | ﹤0.01% |
2,717
-52
| -2% | -$22K |
|
2225
Koppers
KOP
$876M
| $1.1M | ﹤0.01% |
33,182
+3,640
| +12% | +$132K |
|
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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.