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 | |
|---|---|---|---|---|---|---|
2351
Sumitomo Mitsui Financial
SMFG
$162B
| $919K | ﹤0.01% |
112,095
-309,939
| -73% | -$2.54M |
|
2352
PUT
Workday
WDAY
$47.8B
| $916K | ﹤0.01% |
+11,100
| New | +$948K |
|
2353
Veracyte
VCYT
$3.64B
| $914K | ﹤0.01% |
93,700
-13,348
| -12% | -$175K |
|
2354
CALL
Ventas
VTR
$47.6B
| $911K | ﹤0.01% |
+12,873
| New | +$940K |
|
|
PRE
2355
DELISTED
PARTNERRE LTD
PRE
| $909K | ﹤0.01% |
+8,274
| New | +$908K |
|
|
BFX
2356
DELISTED
BowFlex Inc.
BFX
| $905K | ﹤0.01% |
75,622
-48,185
| -39% | -$558K |
|
2357
Navigator Holdings
NVGS
$1.35B
| $904K | ﹤0.01% |
+32,494
| New | +$943K |
|
2358
O'Reilly Automotive
ORLY
$71.1B
| $904K | ﹤0.01% |
90,195
-2,057,715
| -96% | -$21M |
|
2359
Celanese
CE
$4.92B
| $901K | ﹤0.01% |
15,389
-360,838
| -96% | -$22.2M |
|
|
TC
2360
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
| $899K | ﹤0.01% |
408,525
+298,454
| +271% | +$826K |
|
2361
ICICI Bank
IBN
$107B
| $896K | ﹤0.01% |
100,331
-257,543
| -72% | -$2.41M |
|
2362
CALL
Emerson Electric
EMR
$88B
| $895K | ﹤0.01% |
14,300
+4,300
| +43% | +$279K |
|
2363
CALL
McKesson
MCK
$104B
| $895K | ﹤0.01% |
+4,600
| New | +$885K |
|
2364
Transocean
RIG
$6.41B
| $895K | ﹤0.01% |
+27,989
| New | +$1.09M |
|
|
WAC
2365
DELISTED
Walter Investment Mgt Corp
WAC
| $894K | ﹤0.01% |
+40,735
| New | +$1.07M |
|
|
CHMT
2366
CALL
DELISTED
Chemtura Corporation
CHMT
| $894K | ﹤0.01% |
+38,300
| New | +$949K |
|
2367
VanEck Junior Gold Miners ETF
GDXJ
$9.92B
| $893K | ﹤0.01% |
26,566
+16,830
| +173% | +$684K |
|
|
TMH
2368
PUT
DELISTED
Team Health Holdings Inc
TMH
| $893K | ﹤0.01% |
+15,400
| New | +$860K |
|
|
VLP
2369
CALL
DELISTED
Valero Energy Partners LP
VLP
| $893K | ﹤0.01% |
+20,000
| New | +$972K |
|
2370
Brown-Forman Class A
BF.A
$12.7B
| $892K | ﹤0.01% |
25,000
| – | – |
|
2371
Tredegar Corp
TG
$267M
| $891K | ﹤0.01% |
48,390
+3,463
| +8% | +$71.9K |
|
|
VMW
2372
CALL
DELISTED
VMware, Inc
VMW
| $891K | ﹤0.01% |
9,500
-2,300
| -19% | -$224K |
|
2373
PUT
Vornado Realty Trust
VNO
$7.23B
| $890K | ﹤0.01% |
+12,165
| New | +$938K |
|
|
FRED
2374
DELISTED
Fred's Inc
FRED
| $890K | ﹤0.01% |
63,581
+40,726
| +178% | +$624K |
|
|
CHA
2375
DELISTED
China Telecom Corporation, LTD
CHA
| $890K | ﹤0.01% |
14,485
+4,243
| +41% | +$242K |
|
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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.