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 | |
|---|---|---|---|---|---|---|
2801
CNA Financial
CNA
$13.4B
| $370K | ﹤0.01% |
+8,670
| New | +$360K |
|
2802
CALL
Domino's
DPZ
$11.4B
| $369K | ﹤0.01% |
+4,800
| New | +$354K |
|
2803
CALL
Gold Fields
GFI
$42.6B
| $369K | ﹤0.01% |
100,000
-425,000
| -81% | -$1.57M |
|
|
TIS
2804
DELISTED
Orchids Paper Products, Inc.
TIS
| $369K | ﹤0.01% |
+12,074
| New | +$388K |
|
2805
CALL
Factset
FDS
$10.5B
| $367K | ﹤0.01% |
3,400
-2,100
| -38% | -$222K |
|
2806
Arbor Realty Trust
ABR
$944M
| $366K | ﹤0.01% |
52,935
+8,435
| +19% | +$57.8K |
|
|
NXH
2807
Neighborhood Intelligence Inc
NXH
$383M
| $366K | ﹤0.01% |
24,761
+9,341
| +61% | +$160K |
|
|
AMED
2808
DELISTED
Amedisys
AMED
| $365K | ﹤0.01% |
24,508
-23,499
| -49% | -$362K |
|
|
TE
2809
CALL
DELISTED
TECO ENERGY INC
TE
| $365K | ﹤0.01% |
+21,300
| New | +$356K |
|
2810
Casella Waste Systems
CWST
$5.97B
| $364K | ﹤0.01% |
71,197
+12,127
| +21% | +$64.8K |
|
2811
CALL
Guidewire Software
GWRE
$15.9B
| $363K | ﹤0.01% |
+7,400
| New | +$371K |
|
|
SGMO
2812
CALL
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $363K | ﹤0.01% |
+20,100
| New | +$387K |
|
2813
Tower Semiconductor
TSEM
$25B
| $363K | ﹤0.01% |
+39,731
| New | +$285K |
|
2814
CALL
Ball Corp
BALL
$17B
| $362K | ﹤0.01% |
+13,200
| New | +$350K |
|
2815
B&G Foods
BGS
$287M
| $362K | ﹤0.01% |
+12,016
| New | +$376K |
|
2816
PUT
Buckle
BKE
$2.28B
| $362K | ﹤0.01% |
+7,900
| New | +$360K |
|
2817
GameStop
GME
$8.06B
| $362K | ﹤0.01% |
35,204
-1,155,152
| -97% | -$11.1M |
|
2818
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $362K | ﹤0.01% |
+13,160
| New | +$354K |
|
2819
PUT
Jazz Pharmaceuticals
JAZZ
$16.2B
| $361K | ﹤0.01% |
+2,600
| New | +$391K |
|
2820
PUT
Stratasys
SSYS
$694M
| $361K | ﹤0.01% |
3,400
+200
| +6% | +$23.9K |
|
2821
Autohome
ATHM
$2.55B
| $360K | ﹤0.01% |
+9,377
| New | +$346K |
|
2822
PUT
TC Energy
TRP
$65.5B
| $360K | ﹤0.01% |
+7,900
| New | +$351K |
|
|
DSPG
2823
DELISTED
DSP Group Inc
DSPG
| $360K | ﹤0.01% |
+41,645
| New | +$378K |
|
2824
Ameris Bancorp
ABCB
$5.76B
| $359K | ﹤0.01% |
+15,410
| New | +$328K |
|
2825
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$281M
| – | – |
0
| – | – |
|
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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.