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 | |
|---|---|---|---|---|---|---|
2601
CALL
Martin Marietta Materials
MLM
$37.5B
| $501K | ﹤0.01% |
+3,900
| New | +$448K |
|
|
OB
2602
DELISTED
Onebeacon Insurance Group Ltd
OB
| $498K | ﹤0.01% |
32,200
+15,331
| +91% | +$234K |
|
2603
PUT
Murphy Oil
MUR
$5.15B
| $497K | ﹤0.01% |
+7,900
| New | +$475K |
|
2604
Sarepta Therapeutics
SRPT
$2.28B
| $496K | ﹤0.01% |
+20,660
| New | +$527K |
|
2605
PUT
Terex
TEX
$7.38B
| $496K | ﹤0.01% |
11,200
-270,000
| -96% | -$11.3M |
|
|
BIG
2606
PUT
DELISTED
Big Lots, Inc.
BIG
| $496K | ﹤0.01% |
+13,100
| New | +$404K |
|
|
BCPC
2607
Balchem Corp
BCPC
$5.67B
| $494K | ﹤0.01% |
9,478
-3,155
| -25% | -$169K |
|
|
RSX
2608
DELISTED
VanEck Russia ETF
RSX
| $494K | ﹤0.01% |
20,593
+8,748
| +74% | +$219K |
|
|
RDUS
2609
DELISTED
Radius Recycling
RDUS
| $493K | ﹤0.01% |
+17,088
| New | +$467K |
|
|
LDRH
2610
DELISTED
LDR HOLDINGS CORP COM STK
LDRH
| $493K | ﹤0.01% |
+14,353
| New | +$426K |
|
2611
Murphy USA
MUSA
$9.36B
| $491K | ﹤0.01% |
12,100
-19,038
| -61% | -$770K |
|
|
ROC
2612
PUT
DELISTED
ROCKWOOD HLDGS INC
ROC
| $491K | ﹤0.01% |
6,600
+100
| +2% | +$7.37K |
|
2613
Builders FirstSource
BLDR
$7.23B
| $489K | ﹤0.01% |
53,693
-254,256
| -83% | -$2.06M |
|
2614
Lakeland Financial Corp
LKFN
$1.47B
| $489K | ﹤0.01% |
18,245
+9,095
| +99% | +$231K |
|
2615
Allegiant Air
ALGT
$2.2B
| $487K | ﹤0.01% |
+4,348
| New | +$443K |
|
|
IPHS
2616
DELISTED
Innophos Holdings, Inc.
IPHS
| $486K | ﹤0.01% |
8,568
-2,929
| -25% | -$150K |
|
|
SC
2617
PUT
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $484K | ﹤0.01% |
+20,100
| New | +$497K |
|
|
PETM
2618
DELISTED
PETSMART INC
PETM
| $482K | ﹤0.01% |
6,999
-242,555
| -97% | -$16.1M |
|
|
TRST
2619
Trustco Bank Corp NY
TRST
$977M
| $481K | ﹤0.01% |
13,658
-2,136
| -14% | -$72.8K |
|
|
FRP
2620
DELISTED
Fairpoint Communications, Inc.
FRP
| $480K | ﹤0.01% |
+35,283
| New | +$462K |
|
2621
Alto Ingredients
ALTO
$317M
| $479K | ﹤0.01% |
30,762
+15,955
| +108% | +$161K |
|
2622
Steris
STE
$22.7B
| $478K | ﹤0.01% |
10,000
-104,429
| -91% | -$4.89M |
|
|
VVUS
2623
PUT
DELISTED
Vivus Inc
VVUS
| $478K | ﹤0.01% |
+8,040
| New | +$572K |
|
2624
CALL
Booking.com
BKNG
$152B
| $477K | ﹤0.01% |
+10,000
| New | +$494K |
|
|
2625
PUT
Booking.com
BKNG
$152B
| $477K | ﹤0.01% |
10,000
+2,500
| +33% | +$123K |
|
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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.