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 | |
|---|---|---|---|---|---|---|
|
AAV
2826
DELISTED
Advantage Oil & Gas Ltd
AAV
| $359K | ﹤0.01% |
72,900
+17,000
| +30% | +$70.7K |
|
|
SVM
2827
Silvercorp Metals
SVM
$2.89B
| $358K | ﹤0.01% |
183,640
-21,535
| -10% | -$53.6K |
|
|
GSIG
2828
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
| $358K | ﹤0.01% |
27,380
-13,669
| -33% | -$160K |
|
2829
PUT
BorgWarner
BWA
$13.2B
| $357K | ﹤0.01% |
+6,589
| New | +$336K |
|
2830
PUT
Carter's
CRI
$1.26B
| $357K | ﹤0.01% |
+4,600
| New | +$331K |
|
2831
PUT
IAMGOLD
IAG
$12.3B
| $352K | ﹤0.01% |
+100,000
| New | +$377K |
|
2832
CALL
Meritage Homes
MTH
$4.71B
| $352K | ﹤0.01% |
16,800
+4,600
| +38% | +$105K |
|
|
SNCR
2833
DELISTED
Synchronoss Technologies
SNCR
| $352K | ﹤0.01% |
1,139
-7,726
| -87% | -$2.22M |
|
|
CNR
2834
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $352K | ﹤0.01% |
20,139
-61,627
| -75% | -$1.1M |
|
|
EQM
2835
DELISTED
EQM Midstream Partners, LP
EQM
| $352K | ﹤0.01% |
5,000
-35,000
| -88% | -$2.25M |
|
|
MVNR
2836
DELISTED
MAVENIR SYS INC COM STK (DE)
MVNR
| $351K | ﹤0.01% |
+19,633
| New | +$283K |
|
2837
CALL
Corcept Therapeutics
CORT
$13B
| $350K | ﹤0.01% |
+80,300
| New | +$281K |
|
2838
PUT
Intuitive Surgical
ISRG
$131B
| $350K | ﹤0.01% |
7,200
-356,400
| -98% | -$16.8M |
|
2839
PUT
ACI Worldwide
ACIW
$5.35B
| $349K | ﹤0.01% |
+17,700
| New | +$358K |
|
2840
iShares US Energy ETF
IYE
$1.82B
| $349K | ﹤0.01% |
+6,853
| New | +$337K |
|
|
EXPR
2841
DELISTED
Express, Inc.
EXPR
| $349K | ﹤0.01% |
1,099
-1,326
| -55% | -$465K |
|
2842
Marchex
MCHX
$80.7M
| $347K | ﹤0.01% |
33,010
-14,957
| -31% | -$158K |
|
2843
Ubiquiti
UI
$36.1B
| $346K | ﹤0.01% |
+7,616
| New | +$357K |
|
2844
WEX
WEX
$6.77B
| $346K | ﹤0.01% |
3,638
-101,479
| -97% | -$9.29M |
|
|
PSMI
2845
DELISTED
PEREGRINE SEMICONDUCTOR CORP COM STK (DE)
PSMI
| $346K | ﹤0.01% |
57,128
+25,117
| +78% | +$164K |
|
|
PPL
2846
PUT
PPL Corp
PPL
$26.4B
| $345K | ﹤0.01% |
+11,166
| New | +$324K |
|
2847
ASE Group
ASX
$97B
| $344K | ﹤0.01% |
62,067
-242,458
| -80% | -$1.19M |
|
2848
CALL
Rayonier
RYN
$6.2B
| $344K | ﹤0.01% |
+11,069
| New | +$333K |
|
2849
Clorox
CLX
$12.6B
| $343K | ﹤0.01% |
3,892
+1,392
| +56% | +$122K |
|
2850
Community Trust Bancorp
CTBI
$1.38B
| $342K | ﹤0.01% |
+9,067
| New | +$338K |
|
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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.