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 | |
|---|---|---|---|---|---|---|
2726
PUT
National Fuel Gas
NFG
$7.91B
| $413K | ﹤0.01% |
5,900
-400
| -6% | -$29.3K |
|
2727
Toro Company
TTC
$9.5B
| $413K | ﹤0.01% |
13,074
-9,810
| -43% | -$315K |
|
2728
PUT
Dominion Energy
D
$58.5B
| $412K | ﹤0.01% |
5,800
-29,400
| -84% | -$2.01M |
|
|
LADR
2729
Ladder Capital
LADR
$1.25B
| $412K | ﹤0.01% |
+27,167
| New | +$388K |
|
2730
ProShares Ultra Russell2000
UWM
$255M
| $412K | ﹤0.01% |
+19,096
| New | +$405K |
|
2731
La-Z-Boy
LZB
$1.31B
| $410K | ﹤0.01% |
15,135
-42,345
| -74% | -$1.16M |
|
|
MBII
2732
DELISTED
Marrone Bio Innovations, Inc.
MBII
| $410K | ﹤0.01% |
29,326
+4,326
| +17% | +$67.9K |
|
2733
Star Bulk Carriers
SBLK
$3.4B
| $409K | ﹤0.01% |
5,727
-6,481
| -53% | -$418K |
|
|
CKH
2734
DELISTED
Seacor Holdings Inc.
CKH
| $409K | ﹤0.01% |
4,894
-22,965
| -82% | -$1.91M |
|
2735
PUT
Entergy
ETR
$49.7B
| $408K | ﹤0.01% |
+12,200
| New | +$386K |
|
2736
CALL
Universal Display
OLED
$3.87B
| $408K | ﹤0.01% |
+12,800
| New | +$425K |
|
|
TGP
2737
DELISTED
Teekay LNG Partners L.P.
TGP
| $408K | ﹤0.01% |
9,881
+4,572
| +86% | +$187K |
|
2738
iShares MSCI ACWI ETF
ACWI
$33.4B
| $407K | ﹤0.01% |
+6,997
| New | +$397K |
|
2739
Carriage Services
CSV
$543M
| $407K | ﹤0.01% |
+22,328
| New | +$448K |
|
|
GGP
2740
PUT
DELISTED
GGP Inc.
GGP
| $407K | ﹤0.01% |
18,500
-144,300
| -89% | -$3.06M |
|
|
RNET
2741
DELISTED
RigNet, Inc.
RNET
| $406K | ﹤0.01% |
+7,535
| New | +$364K |
|
2742
Astronics
ATRO
$3.35B
| $405K | ﹤0.01% |
+13,979
| New | +$393K |
|
2743
Brown & Brown
BRO
$24B
| $405K | ﹤0.01% |
26,362
-362,022
| -93% | -$5.56M |
|
|
CCXI
2744
DELISTED
ChemoCentryx, Inc.
CCXI
| $405K | ﹤0.01% |
61,111
+45,011
| +280% | +$313K |
|
|
CAS
2745
DELISTED
A M Castle & Co
CAS
| $404K | ﹤0.01% |
27,473
-27,984
| -50% | -$404K |
|
2746
PUT
Meritage Homes
MTH
$4.58B
| $402K | ﹤0.01% |
19,200
+5,600
| +41% | +$128K |
|
|
BCIC
2747
BCP Investment Corp
BCIC
$94.7M
| $402K | ﹤0.01% |
4,639
-2,293
| -33% | -$186K |
|
|
TUP
2748
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $402K | ﹤0.01% |
+4,800
| New | +$395K |
|
|
ROSE
2749
PUT
DELISTED
ROSETTA RESOURCES INC
ROSE
| $401K | ﹤0.01% |
+8,600
| New | +$390K |
|
|
ADAM
2750
Adamas Trust
ADAM
$888M
| $400K | ﹤0.01% |
+12,840
| New | +$379K |
|
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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.