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 | |
|---|---|---|---|---|---|---|
|
DD
2851
PUT
DELISTED
Du Pont De Nemours E I
DD
| $342K | ﹤0.01% |
+5,370
| New | +$328K |
|
2852
S&T Bancorp
STBA
$1.76B
| $341K | ﹤0.01% |
+14,385
| New | +$339K |
|
2853
CALL
MBIA
MBI
$253M
| $337K | ﹤0.01% |
+24,100
| New | +$307K |
|
2854
Supernus Pharmaceuticals
SUPN
$2.6B
| $337K | ﹤0.01% |
37,659
-53,049
| -58% | -$489K |
|
|
WEB
2855
PUT
DELISTED
Web.com Group, Inc.
WEB
| $337K | ﹤0.01% |
+9,900
| New | +$338K |
|
2856
PUT
Amazon
AMZN
$2.79T
| $336K | ﹤0.01% |
20,000
-570,000
| -97% | -$10.6M |
|
|
PKY
2857
DELISTED
Parkway, Inc.
PKY
| $336K | ﹤0.01% |
+18,392
| New | +$332K |
|
|
VRS
2858
DELISTED
VERSO CORP COM STK (DE)
VRS
| $336K | ﹤0.01% |
+116,358
| New | +$315K |
|
2859
PUT
ATI
ATI
$29B
| $335K | ﹤0.01% |
+8,900
| New | +$299K |
|
|
TUP
2860
CALL
DELISTED
Tupperware Brands Corporation
TUP
| $335K | ﹤0.01% |
+4,000
| New | +$329K |
|
|
WRES
2861
DELISTED
WARREN RESOURCES INC
WRES
| $335K | ﹤0.01% |
+69,786
| New | +$269K |
|
|
GTIV
2862
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
| $334K | ﹤0.01% |
36,615
-47,369
| -56% | -$501K |
|
|
FNSR
2863
CALL
DELISTED
Finisar Corp
FNSR
| $334K | ﹤0.01% |
+12,600
| New | +$302K |
|
2864
PUT
Constellium
CSTM
$3.71B
| $332K | ﹤0.01% |
+11,300
| New | +$296K |
|
|
CCMP
2865
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $332K | ﹤0.01% |
7,548
-39,482
| -84% | -$1.73M |
|
2866
The Ensign Group
ENSG
$10.5B
| $331K | ﹤0.01% |
29,702
-91,868
| -76% | -$983K |
|
2867
IAMGOLD
IAG
$12.3B
| $331K | ﹤0.01% |
94,000
+19,200
| +26% | +$72.4K |
|
2868
PUT
Xcel Energy
XEL
$48.4B
| $331K | ﹤0.01% |
+10,900
| New | +$318K |
|
2869
Quad
QUAD
$518M
| $329K | ﹤0.01% |
+14,036
| New | +$335K |
|
|
ANDV
2870
CALL
DELISTED
Andeavor
ANDV
| $329K | ﹤0.01% |
6,500
-7,500
| -54% | -$390K |
|
2871
1-800-Flowers.com
FLWS
$240M
| $328K | ﹤0.01% |
58,251
+43,557
| +296% | +$231K |
|
2872
Sensient Technologies
SXT
$5.81B
| $327K | ﹤0.01% |
5,796
-92,711
| -94% | -$4.77M |
|
|
KSU
2873
PUT
DELISTED
Kansas City Southern
KSU
| $327K | ﹤0.01% |
+3,200
| New | +$330K |
|
2874
CALL
Reinsurance Group of America
RGA
$16.1B
| $326K | ﹤0.01% |
+4,100
| New | +$311K |
|
|
KERX
2875
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $325K | ﹤0.01% |
19,056
-208,614
| -92% | -$3.15M |
|
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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.