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 | |
|---|---|---|---|---|---|---|
2651
Artivion
AORT
$1.3B
| $464K | ﹤0.01% |
+46,608
| New | +$478K |
|
2652
Willis Towers Watson
WTW
$31.5B
| $463K | ﹤0.01% |
3,958
-37,287
| -90% | -$4.24M |
|
|
ICA
2653
DELISTED
EMPRESAS ICA, S.A. DE C.V. ADS (EA REPTG 4 ORD PART CERT)
ICA
| $463K | ﹤0.01% |
70,236
+20,120
| +40% | +$148K |
|
2654
Energy Recovery
ERII
$403M
| $461K | ﹤0.01% |
+86,741
| New | +$427K |
|
2655
CALL
Teekay
TK
$1.12B
| $461K | ﹤0.01% |
8,200
-12,700
| -61% | -$690K |
|
|
CLR
2656
PUT
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $460K | ﹤0.01% |
+7,400
| New | +$422K |
|
|
MEG
2657
CALL
DELISTED
Media General, Inc
MEG
| $459K | ﹤0.01% |
+25,000
| New | +$460K |
|
|
AFOP
2658
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
| $458K | ﹤0.01% |
31,619
-74,469
| -70% | -$1.04M |
|
2659
PUT
Qualcomm
QCOM
$176B
| $457K | ﹤0.01% |
+5,800
| New | +$437K |
|
|
EQU
2660
DELISTED
EQUAL ENERGY LTD COM
EQU
| $457K | ﹤0.01% |
+99,700
| New | +$518K |
|
2661
Tootsie Roll Industries
TR
$3.08B
| $456K | ﹤0.01% |
+21,721
| New | +$450K |
|
2662
CALL
JPMorgan Chase
JPM
$941B
| $455K | ﹤0.01% |
+7,500
| New | +$433K |
|
|
ALR
2663
DELISTED
AlerisLife Inc
ALR
| $455K | ﹤0.01% |
9,362
-127
| -1% | -$7.19K |
|
2664
ProShares UltraPro Short QQQ
SQQQ
$1.79B
| $454K | ﹤0.01% |
+1
| New | +$555K |
|
|
SLAI
2665
DELISTED
SOLAI Ltd ADS
SLAI
| $453K | ﹤0.01% |
+175
| New | +$504K |
|
2666
PUT
Cooper Companies
COO
$13.8B
| $453K | ﹤0.01% |
13,200
-24,400
| -65% | -$783K |
|
|
FARM
2667
DELISTED
Farmer Brothers
FARM
| $453K | ﹤0.01% |
+23,002
| New | +$494K |
|
2668
Stride
LRN
$3.55B
| $453K | ﹤0.01% |
20,017
-34,676
| -63% | -$755K |
|
|
CLUB
2669
DELISTED
Town Sports International Holdings, Inc.
CLUB
| $452K | ﹤0.01% |
+53,225
| New | +$552K |
|
2670
Unitil
UTL
$974M
| $451K | ﹤0.01% |
13,739
+88
| +0.6% | +$2.73K |
|
2671
CALL
Clorox
CLX
$12.5B
| $449K | ﹤0.01% |
+5,100
| New | +$448K |
|
|
CVO
2672
DELISTED
Cenevo, Inc.
CVO
| $449K | ﹤0.01% |
18,473
+3,393
| +23% | +$90.9K |
|
2673
PUT
Avis
CAR
$4.93B
| $448K | ﹤0.01% |
9,200
-132,200
| -93% | -$5.68M |
|
2674
PUT
CoStar Group
CSGP
$12.7B
| $448K | ﹤0.01% |
+24,000
| New | +$453K |
|
2675
Teradata
TDC
$2.66B
| $448K | ﹤0.01% |
9,098
-9,002
| -50% | -$406K |
|
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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.