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 | |
|---|---|---|---|---|---|---|
|
CTRA
251
DELISTED
Coterra Energy
CTRA
| $33.4M | 0.1% |
986,663
-1,140,190
| -54% | -$42.1M |
|
|
TYC
252
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $33.4M | 0.1% |
752,054
+709,366
| +1,662% | +$31M |
|
|
CMA.WS
253
DELISTED
Comerica Incorporated Ws
CMA.WS
| $33.3M | 0.1% |
1,486,148
-33,635
| -2% | -$645K |
|
254
NVIDIA
NVDA
$5.2T
| $33.3M | 0.1% |
74,311,880
+58,455,440
| +369% | +$25M |
|
255
Monster Beverage
MNST
$93.6B
| $33.2M | 0.1% |
5,733,072
+2,394,120
| +72% | +$14M |
|
256
Assured Guaranty
AGO
$3.27B
| $33.1M | 0.1% |
1,308,578
+1,168,910
| +837% | +$27.6M |
|
|
ASRT
257
DELISTED
Assertio
ASRT
| $33M | 0.1% |
37,985
+9,452
| +33% | +$7.21M |
|
|
BMR
258
DELISTED
BIOMED REALTY TRUST INC
BMR
| $33M | 0.1% |
1,611,582
+447,677
| +38% | +$8.83M |
|
|
ICPT
259
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $32.8M | 0.1% |
99,441
-299,086
| -75% | -$101M |
|
|
FURX
260
DELISTED
FURIEX PHARMACEUTICALS INC COM STK (DE)
FURX
| $32.7M | 0.09% |
376,365
+318,549
| +551% | +$24.6M |
|
261
Jack in the Box
JACK
$331M
| $32.7M | 0.09% |
555,492
+391,166
| +238% | +$21.3M |
|
262
Equity Lifestyle Properties
ELS
$12.7B
| $32.7M | 0.09% |
1,607,550
+403,294
| +33% | +$7.91M |
|
|
WBA
263
DELISTED
Walgreens Boots Alliance
WBA
| $32.7M | 0.09% |
494,769
+112,049
| +29% | +$7.04M |
|
264
Southern Copper
SCCO
$182B
| $32.5M | 0.09% |
1,218,596
+1,071,360
| +728% | +$28.5M |
|
265
Illinois Tool Works
ITW
$80.4B
| $32.4M | 0.09% |
398,790
+390,768
| +4,871% | +$31.6M |
|
266
D.R. Horton
DHI
$41.5B
| $32.3M | 0.09% |
1,490,493
+1,250,982
| +522% | +$28.3M |
|
267
KeyCorp
KEY
$23.3B
| $32.2M | 0.09% |
2,264,670
+1,534,147
| +210% | +$20.6M |
|
|
DRE
268
DELISTED
Duke Realty Corp.
DRE
| $32.1M | 0.09% |
1,902,930
+1,810,030
| +1,948% | +$28.9M |
|
269
Intuitive Surgical
ISRG
$134B
| $32.1M | 0.09% |
659,331
-359,091
| -35% | -$16.9M |
|
270
Fidelity National Information Services
FIS
$21.3B
| $31.9M | 0.09% |
596,998
+348,583
| +140% | +$18.6M |
|
|
SC
271
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $31.9M | 0.09% |
+1,325,059
| New | +$32.8M |
|
|
DTV
272
PUT
DELISTED
DIRECTV COM STK (DE)
DTV
| $31.9M | 0.09% |
+417,200
| New | +$30.6M |
|
273
Western Alliance Bancorporation
WAL
$8.69B
| $31.5M | 0.09% |
1,279,692
+1,080,619
| +543% | +$25M |
|
274
CNX Resources
CNX
$5.38B
| $31.4M | 0.09% |
943,950
+340,170
| +56% | +$11M |
|
275
Insmed
INSM
$27.5B
| $31.3M | 0.09% |
1,644,674
+11,806
| +0.7% | +$224K |
|
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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.