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 | |
|---|---|---|---|---|---|---|
|
OKS
2426
CALL
DELISTED
Oneok Partners LP
OKS
| $1.09M | ﹤0.01% |
+27,400
| New | +$1.3M |
|
2427
Reinsurance Group of America
RGA
$16.1B
| $1.08M | ﹤0.01% |
12,370
-12,552
| -50% | -$1.05M |
|
2428
iShares MSCI Taiwan ETF
EWT
$11.8B
| $1.08M | ﹤0.01% |
35,852
-286,726
| -89% | -$8.81M |
|
2429
Mercury Insurance
MCY
$5.69B
| $1.08M | ﹤0.01% |
+19,105
| New | +$1.02M |
|
|
SKUL
2430
DELISTED
SKULLCANDY INC
SKUL
| $1.08M | ﹤0.01% |
117,556
+33,884
| +40% | +$288K |
|
2431
PUT
Newmont
NEM
$139B
| $1.08M | ﹤0.01% |
57,000
-294,200
| -84% | -$5.92M |
|
|
ZEN
2432
DELISTED
ZENDESK INC
ZEN
| $1.08M | ﹤0.01% |
+44,200
| New | +$1.04M |
|
|
DMC
2433
Del Monte Corp
DMC
$1.48B
| $1.08M | ﹤0.01% |
+32,069
| New | +$1.04M |
|
2434
Universal Insurance Holdings
UVE
$1.21B
| $1.08M | ﹤0.01% |
52,603
-24,017
| -31% | -$420K |
|
2435
Banco Santander
SAN
$212B
| $1.07M | ﹤0.01% |
+139,119
| New | +$1.12M |
|
2436
Advanced Energy
AEIS
$11.5B
| $1.07M | ﹤0.01% |
45,331
-143,217
| -76% | -$2.92M |
|
|
ANSS
2437
DELISTED
Ansys
ANSS
| $1.07M | ﹤0.01% |
13,100
-89,641
| -87% | -$7.1M |
|
2438
CALL
Tenet Healthcare
THC
$21.6B
| $1.07M | ﹤0.01% |
+21,200
| New | +$1.11M |
|
2439
First Merchants
FRME
$2.62B
| $1.07M | ﹤0.01% |
46,927
-19,245
| -29% | -$418K |
|
2440
Modine Manufacturing
MOD
$9.9B
| $1.07M | ﹤0.01% |
78,470
-29,250
| -27% | -$365K |
|
|
LDR
2441
DELISTED
Landauer Inc
LDR
| $1.06M | ﹤0.01% |
31,187
-16,809
| -35% | -$573K |
|
2442
iShares Expanded Tech-Software Sector ETF
IGV
$15.2B
| $1.06M | ﹤0.01% |
57,330
+42,705
| +292% | +$764K |
|
2443
CALL
United Natural Foods
UNFI
$2.86B
| $1.06M | ﹤0.01% |
13,700
-5,900
| -30% | -$417K |
|
|
LBY
2444
DELISTED
Libbey, Inc.
LBY
| $1.06M | ﹤0.01% |
+33,638
| New | +$965K |
|
|
TBRG
2445
DELISTED
TruBridge
TBRG
| $1.06M | ﹤0.01% |
17,375
-7,625
| -31% | -$463K |
|
|
VAL
2446
PUT
DELISTED
Valspar
VAL
| $1.05M | ﹤0.01% |
+12,200
| New | +$1M |
|
|
RST
2447
DELISTED
ROSETTA STONE INC
RST
| $1.05M | ﹤0.01% |
+107,893
| New | +$1.01M |
|
|
DX
2448
Dynex Capital
DX
$3.2B
| $1.05M | ﹤0.01% |
42,426
-56,049
| -57% | -$1.41M |
|
2449
Travelers Companies
TRV
$77B
| $1.05M | ﹤0.01% |
9,900
+678
| +7% | +$68.4K |
|
|
SD
2450
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $1.05M | ﹤0.01% |
575,859
-1,380,302
| -71% | -$4.51M |
|
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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.