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 |
Devon Energy
DVN
|
+$196M |
| 2 |
Verizon
VZ
|
+$166M |
| 3 |
Edison International
EIX
|
+$152M |
| 4 |
PPL
PPL Corp
PPL
|
+$122M |
| 5 |
Estee Lauder
EL
|
+$115M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameren
AEE
|
+$140M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$136M |
| 3 |
ANDV
Andeavor
ANDV
|
+$111M |
| 4 |
LyondellBasell Industries
LYB
|
+$105M |
| 5 |
ICPT
Intercept Pharmaceuticals, Inc.
ICPT
|
+$101M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.77% |
| 2 | Energy | 13.48% |
| 3 | Utilities | 8.99% |
| 4 | Financials | 8.47% |
| 5 | Consumer Discretionary | 8.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PMT
226
PennyMac Mortgage Investment
PMT
$815M
| $35.9M | 0.1% |
1,503,128
+481,206
| +47% | +$11.4M |
|
|
TIF
227
DELISTED
Tiffany & Co.
TIF
| $35.7M | 0.1% |
414,724
+245,817
| +146% | +$21.8M |
|
|
ATHL
228
DELISTED
ATHLON ENERGY INC COM
ATHL
| $35.7M | 0.1% |
1,006,904
+579,001
| +135% | +$19M |
|
|
CIT
229
DELISTED
CIT Group Inc.
CIT
| $35.6M | 0.1% |
726,520
+667,914
| +1,140% | +$32.5M |
|
230
Netflix
NFLX
$331B
| $35.5M | 0.1% |
7,067,690
+3,314,710
| +88% | +$19M |
|
231
Hershey
HSY
$37.5B
| $35.5M | 0.1% |
340,001
+208,441
| +158% | +$21.3M |
|
232
Allstate
ALL
$64.2B
| $35.4M | 0.1% |
626,043
-93,878
| -13% | -$5.04M |
|
|
SPNC
233
DELISTED
Spectranetics Corp
SPNC
| $35.4M | 0.1% |
1,168,357
+259,827
| +29% | +$7.12M |
|
|
TFCFA
234
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $35.4M | 0.1% |
1,106,801
+780,841
| +240% | +$25.5M |
|
235
Prudential Financial
PRU
$41.8B
| $35.4M | 0.1% |
417,869
+186,111
| +80% | +$16M |
|
236
Radian Group
RDN
$4.84B
| $35.3M | 0.1% |
2,348,822
+1,606,915
| +217% | +$24.5M |
|
237
Trip.com Group
TCOM
$29B
| $35M | 0.1% |
1,389,604
+874,572
| +170% | +$20.1M |
|
238
Vodafone
VOD
$36.9B
| $35M | 0.1% |
949,739
+764,035
| +411% | +$29.5M |
|
|
FBC
239
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $34.9M | 0.1% |
1,571,093
+545,721
| +53% | +$11.5M |
|
240
MGM Resorts International
MGM
$11B
| $34.8M | 0.1% |
1,346,719
+884,041
| +191% | +$22.8M |
|
241
Booking.com
BKNG
$158B
| $34.8M | 0.1% |
730,450
+424,450
| +139% | +$21M |
|
242
Ross Stores
ROST
$76.7B
| $34.7M | 0.1% |
969,188
-930,870
| -49% | -$33M |
|
243
Intuit
INTU
$100B
| $34.4M | 0.1% |
+442,757
| New | +$33.8M |
|
244
BP
BP
$115B
| $34.2M | 0.1% |
870,188
+857,637
| +6,833% | +$33.8M |
|
245
CALL
Bristol-Myers Squibb
BMY
$137B
| $34.1M | 0.1% |
655,700
-397,000
| -38% | -$21.1M |
|
246
Zoetis
ZTS
$32.1B
| $34M | 0.1% |
1,176,094
+570,412
| +94% | +$17.4M |
|
247
Crown Castle
CCI
$32.1B
| $34M | 0.1% |
460,562
-324,607
| -41% | -$23.8M |
|
|
MWE
248
CALL
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $33.8M | 0.1% |
518,000
+33,000
| +7% | +$2.23M |
|
249
Consolidated Edison
ED
$39.3B
| $33.6M | 0.1% |
626,843
+621,713
| +12,119% | +$33.7M |
|
250
Intercontinental Exchange
ICE
$90.5B
| $33.4M | 0.1% |
845,050
+636,455
| +305% | +$26.9M |
|
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Israel Englander's Q1 2014 Portfolio in Review
As of Q1 2014, Israel Englander held 4,356 positions worth $34.5B, up 8.9% from $31.7B the previous quarter. Its ten largest holdings account for 7.9% of the portfolio.
Israel Englander deployed $1.49B of net new capital in Q1 2014, opening 945 new positions and adding to 1,266 existing holdings. Its largest new stake was Bausch Health: 575,504 shares worth $75.9M.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 12% a quarter earlier, followed by Energy and Utilities.
On the sell side, the largest reduction was Ameren, an estimated $140M trimmed.
- Israel Englander's largest Q1 2014 buy was Bausch Health: 575,504 shares worth $75.9M.
- Israel Englander added most to Devon Energy in Q1 2014, an estimated $196M increase.
- Israel Englander's biggest Q1 2014 reduction was Ameren, cutting an estimated $140M.
- Israel Englander fully exited PepsiCo in Q1 2014, selling an estimated $89.1M.
- Israel Englander's ten largest holdings make up 7.9% of its $34.5B portfolio in Q1 2014.
- Israel Englander opened 945 new positions and closed 958 in Q1 2014.
- Israel Englander's portfolio value rose 8.9% quarter-over-quarter to $34.5B.
Based on Millennium Management's 13F filing for Q1 2014, filed 15 May 2014.