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 | |
|---|---|---|---|---|---|---|
2301
Photronics
PLAB
$1.78B
| $995K | ﹤0.01% |
123,568
+71,515
| +137% | +$605K |
|
|
JASN
2302
DELISTED
Jason Industries, Inc.
JASN
| $995K | ﹤0.01% |
+96,165
| New | +$1.01M |
|
|
SYT
2303
CALL
DELISTED
Syngenta Ag
SYT
| $995K | ﹤0.01% |
+15,700
| New | +$1.11M |
|
2304
Foster
FSTR
$398M
| $994K | ﹤0.01% |
+21,634
| New | +$1.1M |
|
|
WG
2305
DELISTED
Willbros Group
WG
| $994K | ﹤0.01% |
119,306
+31,612
| +36% | +$346K |
|
2306
IDT Corp
IDT
$1.71B
| $993K | ﹤0.01% |
87,586
+20,629
| +31% | +$235K |
|
|
NSM
2307
DELISTED
Nationstar Mortgage Holdings
NSM
| $993K | ﹤0.01% |
+29,000
| New | +$962K |
|
2308
Universal Insurance Holdings
UVE
$1.21B
| $991K | ﹤0.01% |
76,620
+18,188
| +31% | +$237K |
|
2309
Churchill Downs
CHDN
$6.03B
| $990K | ﹤0.01% |
60,948
-18,864
| -24% | -$290K |
|
|
UGAZ
2310
DELISTED
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2
UGAZ
| $989K | ﹤0.01% |
+5
| New | +$975K |
|
2311
CALL
Blackrock
BLK
$181B
| $985K | ﹤0.01% |
3,000
+1,900
| +173% | +$611K |
|
2312
Expeditors International
EXPD
$24.8B
| $981K | ﹤0.01% |
24,177
-702,167
| -97% | -$29.9M |
|
2313
Acco Brands
ACCO
$396M
| $979K | ﹤0.01% |
+141,917
| New | +$993K |
|
2314
PUT
Ciena
CIEN
$56.6B
| $978K | ﹤0.01% |
58,500
+21,600
| +59% | +$423K |
|
|
LHO
2315
DELISTED
LaSalle Hotel Properties
LHO
| $978K | ﹤0.01% |
+28,555
| New | +$1.02M |
|
2316
PUT
Iron Mountain
IRM
$36.5B
| $976K | ﹤0.01% |
29,900
-13,272
| -31% | -$430K |
|
2317
CALL
Nasdaq
NDAQ
$55.5B
| $976K | ﹤0.01% |
69,000
-11,700
| -14% | -$164K |
|
|
GES
2318
DELISTED
Guess Inc
GES
| $974K | ﹤0.01% |
44,345
-27,229
| -38% | -$686K |
|
|
TACO
2319
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $968K | ﹤0.01% |
100,000
| – | – |
|
2320
PUT
Martin Marietta Materials
MLM
$37.5B
| $967K | ﹤0.01% |
+7,500
| New | +$967K |
|
|
NE
2321
DELISTED
Noble Corporation
NE
| $967K | ﹤0.01% |
+43,507
| New | +$1.17M |
|
|
RHT
2322
PUT
DELISTED
Red Hat Inc
RHT
| $966K | ﹤0.01% |
17,200
+9,400
| +121% | +$548K |
|
|
SWS
2323
DELISTED
SWS GROUP INC
SWS
| $965K | ﹤0.01% |
140,035
-21,200
| -13% | -$153K |
|
2324
OneSpan
OSPN
$607M
| $964K | ﹤0.01% |
51,329
-45,145
| -47% | -$660K |
|
|
LHCG
2325
DELISTED
LHC Group LLC
LHCG
| $964K | ﹤0.01% |
+41,568
| New | +$983K |
|
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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.