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 | |
|---|---|---|---|---|---|---|
|
MCRL
2876
DELISTED
MICREL INC
MCRL
| $325K | ﹤0.01% |
29,355
+11,055
| +60% | +$113K |
|
2877
PUT
Ford
F
$55.3B
| $323K | ﹤0.01% |
20,700
-259,700
| -93% | -$4.02M |
|
2878
Knowles
KN
$2.92B
| $322K | ﹤0.01% |
+10,194
| New | +$316K |
|
2879
Matrix Service
MTRX
$302M
| $321K | ﹤0.01% |
9,515
-42,204
| -82% | -$1.26M |
|
|
IL
2880
DELISTED
IntraLinks Holdings Inc.
IL
| $321K | ﹤0.01% |
31,423
-11,503
| -27% | -$125K |
|
|
REGI
2881
DELISTED
Renewable Energy Group, Inc.
REGI
| $321K | ﹤0.01% |
26,761
-48,574
| -64% | -$537K |
|
2882
CALL
ACI Worldwide
ACIW
$5.28B
| $320K | ﹤0.01% |
+16,200
| New | +$328K |
|
2883
Diodes
DIOD
$4.22B
| $320K | ﹤0.01% |
+12,256
| New | +$294K |
|
2884
Healthcare Services Group
HCSG
$1.56B
| $320K | ﹤0.01% |
11,021
+1,521
| +16% | +$41.7K |
|
2885
Shenandoah Telecom
SHEN
$682M
| $320K | ﹤0.01% |
+19,796
| New | +$266K |
|
|
BIOA.WS
2886
DELISTED
BioAmber Inc.
BIOA.WS
| $320K | ﹤0.01% |
150,000
| – | – |
|
|
IRE
2887
DELISTED
GOVERNOR-BK OF IRELND ADS NEW
IRE
| $319K | ﹤0.01% |
16,500
-10,571
| -39% | -$194K |
|
2888
PUT
VeriSign
VRSN
$26.5B
| $318K | ﹤0.01% |
5,900
+1,900
| +48% | +$108K |
|
2889
WisdomTree Emerging Markets High Dividend Fund
DEM
$4.15B
| $317K | ﹤0.01% |
6,460
+1,955
| +43% | +$92.9K |
|
2890
PUT
NetApp
NTAP
$37.7B
| $317K | ﹤0.01% |
8,600
-1,500
| -15% | -$60.6K |
|
2891
PUT
Domino's
DPZ
$11.4B
| $316K | ﹤0.01% |
+4,100
| New | +$302K |
|
|
KATE
2892
PUT
DELISTED
Kate Spade & Company
KATE
| $315K | ﹤0.01% |
+8,500
| New | +$281K |
|
2893
Independent Bank Corp
IBCP
$817M
| $314K | ﹤0.01% |
24,198
-27,947
| -54% | -$362K |
|
|
RAS
2894
DELISTED
RAIT Financial Trust
RAS
| $314K | ﹤0.01% |
+36,929
| New | +$309K |
|
2895
PUT
Clean Harbors
CLH
$16.5B
| $312K | ﹤0.01% |
+5,700
| New | +$311K |
|
2896
PUT
NXP Semiconductors
NXPI
$56.4B
| $312K | ﹤0.01% |
+5,300
| New | +$276K |
|
2897
CALL
Buckle
BKE
$2.3B
| $311K | ﹤0.01% |
+6,800
| New | +$310K |
|
2898
CALL
Toronto Dominion Bank
TD
$198B
| $310K | ﹤0.01% |
6,600
-5,800
| -47% | -$261K |
|
2899
TransAlta
TAC
$3.96B
| $309K | ﹤0.01% |
26,523
-4,767
| -15% | -$58.9K |
|
|
DGI
2900
DELISTED
DigitalGlobe Inc.
DGI
| $308K | ﹤0.01% |
10,624
-28,362
| -73% | -$1.04M |
|
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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.