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 | Miscellaneous | 13.34% |
| 3 | Energy | 13.05% |
| 4 | Financials | 9.97% |
| 5 | Industrials | 8.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2201
Blue Bird Corp
BLBD
$1.93B
| $1.48M | ﹤0.01% |
150,000
| – | – |
|
|
IL
2202
DELISTED
IntraLinks Holdings Inc.
IL
| $1.48M | ﹤0.01% |
124,145
-90,757
| -42% | -$881K |
|
2203
PUT
Delta Air Lines
DAL
$54B
| $1.48M | ﹤0.01% |
30,000
+20,400
| +213% | +$859K |
|
2204
Henry Schein
HSIC
$10.1B
| $1.48M | ﹤0.01% |
+27,645
| New | +$1.38M |
|
2205
CALL
Cheniere Energy
CQP
$32.5B
| $1.48M | ﹤0.01% |
46,100
-125,800
| -73% | -$3.85M |
|
2206
Mercury Systems
MRCY
$5.36B
| $1.47M | ﹤0.01% |
105,853
+11,771
| +13% | +$151K |
|
|
CASC
2207
DELISTED
Cascadian Therapeutics, Inc.
CASC
| $1.47M | ﹤0.01% |
129,167
+12,500
| +11% | +$136K |
|
|
HDP
2208
DELISTED
Hortonworks, Inc.
HDP
| $1.47M | ﹤0.01% |
+54,523
| New | +$1.38M |
|
|
SHLD
2209
DELISTED
Sears Holding Corporation
SHLD
| $1.47M | ﹤0.01% |
44,584
-70,899
| -61% | -$2.32M |
|
2210
CALL
BP
BP
$108B
| $1.47M | ﹤0.01% |
46,401
+39,922
| +616% | +$1.34M |
|
|
RVNC
2211
DELISTED
Revance Therapeutics, Inc.
RVNC
| $1.47M | ﹤0.01% |
86,552
-67,432
| -44% | -$1.18M |
|
|
BWP
2212
DELISTED
Boardwalk Pipeline Partners
BWP
| $1.47M | ﹤0.01% |
82,500
-330,000
| -80% | -$5.58M |
|
2213
Cytokinetics
CYTK
$10.9B
| $1.46M | ﹤0.01% |
182,626
-17,374
| -9% | -$74.6K |
|
2214
PUT
iShares MSCI Brazil ETF
EWZ
$8.15B
| $1.46M | ﹤0.01% |
40,000
+10,000
| +33% | +$406K |
|
|
DCM
2215
DELISTED
NTT DOCOMO, Inc.
DCM
| $1.46M | ﹤0.01% |
+99,907
| New | +$1.57M |
|
|
PAY
2216
CALL
DELISTED
Verifone Systems Inc
PAY
| $1.46M | ﹤0.01% |
39,200
-3,000
| -7% | -$106K |
|
|
NOR
2217
DELISTED
NORANDA ALUM HLDG CORP COM NEW
NOR
| $1.46M | ﹤0.01% |
59,163
+284
| +0.5% | +$7.66K |
|
|
ORBK
2218
DELISTED
Orbotech Ltd
ORBK
| $1.46M | ﹤0.01% |
98,472
+33,455
| +51% | +$500K |
|
|
RGC
2219
DELISTED
Regal Entertainment Group
RGC
| $1.45M | ﹤0.01% |
68,064
+42,380
| +165% | +$893K |
|
|
DEST
2220
DELISTED
Destination Maternity Corporation
DEST
| $1.45M | ﹤0.01% |
91,121
+70,338
| +338% | +$1.07M |
|
|
PMCS
2221
DELISTED
P M C SIERRA INC
PMCS
| $1.45M | ﹤0.01% |
158,322
+72,943
| +85% | +$577K |
|
|
MRGE
2222
DELISTED
MERGE HEALTHCARE INC COM STK (WI)
MRGE
| $1.45M | ﹤0.01% |
406,201
+390,361
| +2,464% | +$1.15M |
|
2223
Nomura Holdings
NMR
$29.6B
| $1.44M | ﹤0.01% |
254,657
+199,473
| +361% | +$1.18M |
|
|
RBS.PRP
2224
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
| $1.44M | ﹤0.01% |
59,877
+38,523
| +180% | +$928K |
|
2225
Celestica
CLS
$40.1B
| $1.44M | ﹤0.01% |
122,580
-3,408
| -3% | -$36.6K |
|
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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 $7.42B 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 Miscellaneous and Energy.
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.