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 | |
|---|---|---|---|---|---|---|
|
CB
2951
PUT
DELISTED
CHUBB CORPORATION
CB
| $286K | ﹤0.01% |
+3,200
| New | +$280K |
|
|
BHR
2952
Braemar Hotels & Resorts
BHR
$141M
| $285K | ﹤0.01% |
+19,026
| New | +$315K |
|
2953
CALL
Danaher
DHR
$151B
| $285K | ﹤0.01% |
+5,654
| New | +$288K |
|
2954
Stryker
SYK
$127B
| $285K | ﹤0.01% |
3,500
-155,700
| -98% | -$12.4M |
|
2955
CALL
Xcel Energy
XEL
$48.3B
| $285K | ﹤0.01% |
+9,400
| New | +$274K |
|
2956
Hecla Mining
HL
$13.9B
| $283K | ﹤0.01% |
+92,148
| New | +$303K |
|
|
WEB
2957
CALL
DELISTED
Web.com Group, Inc.
WEB
| $282K | ﹤0.01% |
+8,300
| New | +$284K |
|
2958
PUT
American Water Works
AWK
$27.5B
| $281K | ﹤0.01% |
+6,200
| New | +$268K |
|
2959
PUT
Visa
V
$718B
| $281K | ﹤0.01% |
5,200
| – | – |
|
|
WPP
2960
DELISTED
WAUSAU PAPER CORP.
WPP
| $281K | ﹤0.01% |
+22,104
| New | +$290K |
|
2961
PUT
Salesforce
CRM
$167B
| $280K | ﹤0.01% |
4,900
-254,600
| -98% | -$15.2M |
|
2962
CALL
VeriSign
VRSN
$26.4B
| $280K | ﹤0.01% |
5,200
-96,800
| -95% | -$5.48M |
|
2963
PUT
American Express
AXP
$226B
| $279K | ﹤0.01% |
+3,100
| New | +$277K |
|
2964
iShares S&P 500 Value ETF
IVE
$50.2B
| $279K | ﹤0.01% |
+3,211
| New | +$271K |
|
|
HELI
2965
DELISTED
CHC GROUP LTD SHS NEW (CYM)
HELI
| $278K | ﹤0.01% |
+1,255
| New | +$335K |
|
2966
CALL
Strategy Inc
MSTR
$49.1B
| $277K | ﹤0.01% |
24,000
| – | – |
|
|
BRLI
2967
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $277K | ﹤0.01% |
+10,000
| New | +$262K |
|
2968
PUT
Analog Devices
ADI
$182B
| $276K | ﹤0.01% |
+5,200
| New | +$262K |
|
2969
AudioCodes
AUDC
$237M
| $276K | ﹤0.01% |
+38,053
| New | +$298K |
|
|
KAMN
2970
DELISTED
Kaman Corp
KAMN
| $276K | ﹤0.01% |
6,781
-23,245
| -77% | -$922K |
|
|
DRRX
2971
DELISTED
DURECT Corp
DRRX
| $275K | ﹤0.01% |
20,695
+16,282
| +369% | +$284K |
|
|
ACH
2972
DELISTED
Alum Corp of China Ltd
ACH
| $275K | ﹤0.01% |
31,843
-19,109
| -38% | -$169K |
|
|
AWAY
2973
CALL
DELISTED
HOMEAWAY INC COM
AWAY
| $275K | ﹤0.01% |
7,300
-4,600
| -39% | -$194K |
|
|
RENX
2974
DELISTED
RELX N.V.
RENX
| $275K | ﹤0.01% |
19,526
-38,527
| -66% | -$536K |
|
2975
PUT
Prologis
PLD
$136B
| $274K | ﹤0.01% |
+6,700
| New | +$264K |
|
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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.