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 | Miscellaneous | 15.65% |
| 2 | Healthcare | 13.77% |
| 3 | Energy | 13.48% |
| 4 | Utilities | 8.99% |
| 5 | Financials | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MITL
2476
DELISTED
Mitel Networks Corporation
MITL
| $630K | ﹤0.01% |
59,461
-197,529
| -77% | -$1.87M |
|
|
TLMR
2477
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $628K | ﹤0.01% |
+42,921
| New | +$591K |
|
|
FDML
2478
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $627K | ﹤0.01% |
33,526
-129,372
| -79% | -$2.39M |
|
2479
Antero Resources
AR
$11.8B
| $626K | ﹤0.01% |
10,000
-257,061
| -96% | -$15.2M |
|
|
ASCMA
2480
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $625K | ﹤0.01% |
8,273
-3,501
| -30% | -$266K |
|
2481
CALL
Crocs
CROX
$5.83B
| $624K | ﹤0.01% |
+40,000
| New | +$612K |
|
2482
CarMax
KMX
$8.89B
| $624K | ﹤0.01% |
13,324
-77,134
| -85% | -$3.6M |
|
|
WIFI
2483
DELISTED
Boingo Wireless, Inc.
WIFI
| $621K | ﹤0.01% |
91,603
-65,540
| -42% | -$413K |
|
|
MNI
2484
DELISTED
The McClatchy Company Class A Common Stock
MNI
| $620K | ﹤0.01% |
+9,665
| New | +$493K |
|
2485
CALL
Harley-Davidson
HOG
$2.9B
| $619K | ﹤0.01% |
+9,300
| New | +$615K |
|
2486
Inogen
INGN
$146M
| $616K | ﹤0.01% |
+37,286
| New | +$663K |
|
2487
Monolithic Power Systems
MPWR
$64.4B
| $616K | ﹤0.01% |
15,889
+4,534
| +40% | +$160K |
|
2488
Clarus
CLAR
$144M
| $615K | ﹤0.01% |
50,524
+16,511
| +49% | +$193K |
|
2489
CALL
Designer Brands
DBI
$278M
| $613K | ﹤0.01% |
17,100
-36,300
| -68% | -$1.4M |
|
2490
Jacobs Solutions
J
$17.6B
| $613K | ﹤0.01% |
11,664
-16,945
| -59% | -$873K |
|
2491
CALL
MetLife
MET
$61.2B
| $612K | ﹤0.01% |
13,015
-85,721
| -87% | -$3.94M |
|
|
CORV
2492
DELISTED
Correvio Pharma Corp. Ordinary Shares (Canada)
CORV
| $612K | ﹤0.01% |
+77,422
| New | +$623K |
|
|
IPCC
2493
DELISTED
Infinity Property & Casualty C
IPCC
| $610K | ﹤0.01% |
9,013
-2,087
| -19% | -$151K |
|
2494
PUT
Voya Financial
VOYA
$9.16B
| $609K | ﹤0.01% |
+16,800
| New | +$596K |
|
|
SYNT
2495
DELISTED
Syntel Inc
SYNT
| $605K | ﹤0.01% |
13,450
-466
| -3% | -$21K |
|
2496
PUT
Factset
FDS
$10.8B
| $604K | ﹤0.01% |
5,600
+2,000
| +56% | +$211K |
|
2497
CALL
Thor Industries
THO
$3.97B
| $604K | ﹤0.01% |
9,900
-200
| -2% | -$11.1K |
|
|
ANW
2498
DELISTED
Aegean Marine Petroleum Network
ANW
| $604K | ﹤0.01% |
61,261
-73,440
| -55% | -$728K |
|
|
FNSR
2499
PUT
DELISTED
Finisar Corp
FNSR
| $602K | ﹤0.01% |
22,700
+14,200
| +167% | +$341K |
|
|
SCTY
2500
DELISTED
SolarCity Corporation
SCTY
| $601K | ﹤0.01% |
9,600
-19,347
| -67% | -$1.4M |
|
Similar funds
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 $4.18B 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 Miscellaneous at 16% of assets, down from 25% a quarter earlier, followed by Healthcare and Energy.
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.