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 | Energy | 15.14% |
| 2 | Healthcare | 12.64% |
| 3 | Financials | 8.59% |
| 4 | Utilities | 7.75% |
| 5 | Technology | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Coca-Cola Europacific Partners
CCEP
$47.7B
| $42.8M | 0.11% |
964,787
+599,629
| +164% | +$28.1M |
|
|
PVA
202
DELISTED
PENN VIRGINIA CORP
PVA
| $42.4M | 0.11% |
3,339,439
+1,266,256
| +61% | +$17.8M |
|
203
Trinity Industries
TRN
$2.37B
| $42.4M | 0.11% |
1,260,820
-282,003
| -18% | -$9.34M |
|
|
ACC
204
DELISTED
American Campus Communities, Inc.
ACC
| $42.4M | 0.11% |
1,163,204
+493,715
| +74% | +$19.1M |
|
205
Royal Bank of Canada
RY
$285B
| $42.3M | 0.11% |
+591,701
| New | +$43.6M |
|
|
DISH
206
DELISTED
DISH Network Corp.
DISH
| $42.2M | 0.11% |
653,623
-155,153
| -19% | -$10M |
|
207
LyondellBasell Industries
LYB
$21.8B
| $42.2M | 0.11% |
388,019
+191,954
| +98% | +$20.8M |
|
208
Darden Restaurants
DRI
$25.2B
| $42.1M | 0.11% |
914,141
-100
| -0% | -$4.22K |
|
|
STAY
209
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $42M | 0.11% |
1,768,703
+309,646
| +21% | +$7.19M |
|
210
Alibaba
BABA
$286B
| $41.9M | 0.11% |
+471,472
| New | +$42.3M |
|
|
VISN
211
Vistance Networks Inc
VISN
$2.59B
| $41.6M | 0.11% |
1,741,747
+1,093,484
| +169% | +$26.8M |
|
212
Tronox
TROX
$888M
| $41.5M | 0.11% |
1,594,737
+86,001
| +6% | +$2.38M |
|
213
Tanger
SKT
$4.39B
| $41.5M | 0.11% |
1,268,018
+396,322
| +45% | +$13.7M |
|
214
Delek US
DK
$4.38B
| $41.3M | 0.1% |
1,247,536
-1,234,731
| -50% | -$39.4M |
|
215
Agilent Technologies
A
$44.9B
| $41.2M | 0.1% |
1,011,074
+158,135
| +19% | +$6.46M |
|
|
VIAB
216
DELISTED
Viacom Inc. Class B
VIAB
| $41M | 0.1% |
533,449
-73,321
| -12% | -$6.03M |
|
|
CBL
217
DELISTED
CBL& Associates Properties, Inc.
CBL
| $40.9M | 0.1% |
2,283,558
+2,223,486
| +3,701% | +$42M |
|
218
Cognizant
CTSH
$27.9B
| $40.8M | 0.1% |
911,145
+500,651
| +122% | +$23.6M |
|
219
Masco
MAS
$14.5B
| $40.7M | 0.1% |
1,937,025
+1,500,830
| +344% | +$29.7M |
|
220
TJX Companies
TJX
$155B
| $40.6M | 0.1% |
1,372,516
-612,294
| -31% | -$17.3M |
|
221
Molson Coors Class B
TAP
$8.01B
| $40.5M | 0.1% |
543,959
+342,583
| +170% | +$25M |
|
|
TRW
222
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $40.4M | 0.1% |
399,385
+388,877
| +3,701% | +$38.9M |
|
|
NRF
223
DELISTED
NorthStar Realty Finance Corp.
NRF
| $40.1M | 0.1% |
+1,134,084
| New | +$39.7M |
|
224
Baidu
BIDU
$31.6B
| $40M | 0.1% |
+183,264
| New | +$38.7M |
|
|
RCAP
225
DELISTED
RCS CAPITAL CORPORATION CLASS A COM
RCAP
| $39.7M | 0.1% |
1,764,664
+1,149,173
| +187% | +$25.3M |
|
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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 $4.94B 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 Energy at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Financials.
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.