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 | |
|---|---|---|---|---|---|---|
|
BCR
2551
PUT
DELISTED
CR Bard Inc.
BCR
| $548K | ﹤0.01% |
+3,700
| New | +$512K |
|
2552
Applied Optoelectronics
AAOI
$9.62B
| $547K | ﹤0.01% |
+22,187
| New | +$413K |
|
|
AOL
2553
DELISTED
AOL INC COMMON STOCK
AOL
| $547K | ﹤0.01% |
12,498
-84,157
| -87% | -$3.8M |
|
|
MASI
2554
DELISTED
Masimo
MASI
| $546K | ﹤0.01% |
20,000
-142,451
| -88% | -$4.06M |
|
|
ARR
2555
Armour Residential REIT
ARR
$2.32B
| $545K | ﹤0.01% |
3,305
-4,032
| -55% | -$676K |
|
2556
Travere Therapeutics
TVTX
$6.36B
| $545K | ﹤0.01% |
+25,700
| New | +$395K |
|
2557
PUT
DaVita
DVA
$11.4B
| $544K | ﹤0.01% |
7,900
-9,200
| -54% | -$611K |
|
2558
PUT
Ball Corp
BALL
$16.8B
| $543K | ﹤0.01% |
+19,800
| New | +$525K |
|
2559
PUT
Gartner
IT
$12.4B
| $542K | ﹤0.01% |
+7,800
| New | +$540K |
|
2560
PUT
Universal Display
OLED
$3.9B
| $539K | ﹤0.01% |
+16,900
| New | +$561K |
|
|
CTT
2561
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $539K | ﹤0.01% |
38,350
-21,650
| -36% | -$294K |
|
2562
KRONOS Worldwide
KRO
$1.01B
| $537K | ﹤0.01% |
+32,222
| New | +$519K |
|
2563
Southside Bancshares
SBSI
$950M
| $536K | ﹤0.01% |
20,263
+7,214
| +55% | +$174K |
|
|
FWM
2564
PUT
DELISTED
FAIRWAY GROUP HLDGS CORP CL A COM STK (DE)
FWM
| $536K | ﹤0.01% |
+70,100
| New | +$721K |
|
2565
Genesco
GCO
$366M
| $535K | ﹤0.01% |
+7,178
| New | +$521K |
|
|
JOY
2566
CALL
DELISTED
Joy Global Inc
JOY
| $534K | ﹤0.01% |
9,200
-23,400
| -72% | -$1.3M |
|
2567
The Bancorp
TBBK
$2.71B
| $533K | ﹤0.01% |
+28,345
| New | +$535K |
|
|
XCO
2568
DELISTED
Exco Resources
XCO
| $532K | ﹤0.01% |
+6,333
| New | +$488K |
|
2569
PUT
JPMorgan Chase
JPM
$942B
| $528K | ﹤0.01% |
8,700
-5,500
| -39% | -$318K |
|
|
MCP
2570
DELISTED
MOLYCORP INC COM STK
MCP
| $528K | ﹤0.01% |
112,492
-542,754
| -83% | -$2.8M |
|
2571
PUT
AT&T
T
$174B
| $526K | ﹤0.01% |
+19,860
| New | +$499K |
|
|
TE
2572
PUT
DELISTED
TECO ENERGY INC
TE
| $525K | ﹤0.01% |
+30,600
| New | +$511K |
|
2573
PUT
Exelon
EXC
$45.3B
| $524K | ﹤0.01% |
+21,871
| New | +$460K |
|
2574
Zumiez
ZUMZ
$298M
| $524K | ﹤0.01% |
21,630
-67,270
| -76% | -$1.57M |
|
|
ANN
2575
CALL
DELISTED
ANN INC
ANN
| $523K | ﹤0.01% |
+12,600
| New | +$450K |
|
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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 $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.