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 | |
|---|---|---|---|---|---|---|
2351
Hyster-Yale Materials Handling
HY
$619M
| $1.2M | ﹤0.01% |
+16,418
| New | +$1.22M |
|
2352
IMAX
IMAX
$2.86B
| $1.2M | ﹤0.01% |
+38,829
| New | +$1.14M |
|
2353
Rockwell Medical
RMTI
$31.5M
| $1.2M | ﹤0.01% |
+1,058
| New | +$1.09M |
|
|
HMHC
2354
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.2M | ﹤0.01% |
+57,770
| New | +$1.15M |
|
|
FGL
2355
DELISTED
Fidelity & Guaranty Life
FGL
| $1.2M | ﹤0.01% |
49,287
+31,027
| +170% | +$730K |
|
2356
Sarepta Therapeutics
SRPT
$2.35B
| $1.19M | ﹤0.01% |
82,305
-5,299
| -6% | -$89.7K |
|
2357
SK Telecom
SKM
$15.1B
| $1.19M | ﹤0.01% |
+26,744
| New | +$1.24M |
|
2358
PUT
Affiliated Managers Group
AMG
$9.53B
| $1.19M | ﹤0.01% |
5,600
+1,200
| +27% | +$238K |
|
2359
DHT Holdings
DHT
$3.14B
| $1.19M | ﹤0.01% |
162,584
-1,369,406
| -89% | -$8.68M |
|
2360
Korea Electric Power
KEP
$15.3B
| $1.19M | ﹤0.01% |
61,234
-33,833
| -36% | -$715K |
|
|
ACAS
2361
DELISTED
American Capital Ltd
ACAS
| $1.19M | ﹤0.01% |
81,096
-56,850
| -41% | -$830K |
|
|
PEI
2362
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.18M | ﹤0.01% |
3,364
-18,721
| -85% | -$6.14M |
|
2363
Ericsson
ERIC
$33B
| $1.18M | ﹤0.01% |
97,471
-9,638
| -9% | -$116K |
|
2364
Cavco Industries
CVCO
$4.38B
| $1.18M | ﹤0.01% |
14,846
-3,890
| -21% | -$286K |
|
2365
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $1.17M | ﹤0.01% |
29,200
-33,295
| -53% | -$1.37M |
|
2366
CALL
Factset
FDS
$10.9B
| $1.17M | ﹤0.01% |
8,300
-5,100
| -38% | -$677K |
|
|
DRWI
2367
DELISTED
DragonWave Inc
DRWI
| $1.17M | ﹤0.01% |
48,500
-19,500
| -29% | -$517K |
|
2368
PUT
Simon Property Group
SPG
$69.5B
| $1.17M | ﹤0.01% |
6,400
+3,900
| +156% | +$692K |
|
|
TROVW
2369
DELISTED
TrovaGene, Inc. Warrant
TROVW
| $1.16M | ﹤0.01% |
535,786
+100
| +0% | +$296 |
|
2370
PUT
Whirlpool
WHR
$2.59B
| $1.16M | ﹤0.01% |
+6,000
| New | +$1.03M |
|
2371
Scorpio Tankers
STNG
$3.88B
| $1.16M | ﹤0.01% |
13,354
-32,139
| -71% | -$2.66M |
|
2372
ReWalk Robotics
LFWD
$21.5M
| $1.16M | ﹤0.01% |
29
-6
| -17% | -$330K |
|
|
EHIC
2373
DELISTED
eHi Car Services Limited
EHIC
| $1.16M | ﹤0.01% |
+141,542
| New | +$1.48M |
|
|
ATTO
2374
DELISTED
Atento S.A.
ATTO
| $1.15M | ﹤0.01% |
+21,941
| New | +$1.21M |
|
2375
Capitol Federal Financial
CFFN
$1.07B
| $1.15M | ﹤0.01% |
90,173
-14,310
| -14% | -$179K |
|
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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.