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 | |
|---|---|---|---|---|---|---|
|
IPXL
276
DELISTED
Impax Laboratories, Inc.
IPXL
| $31.3M | 0.09% |
1,184,725
+471,171
| +66% | +$11.8M |
|
277
Baidu
BIDU
$31.6B
| $31.3M | 0.09% |
205,537
-75,501
| -27% | -$12.6M |
|
|
RPT
278
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $31.3M | 0.09% |
1,919,912
+770,195
| +67% | +$12.3M |
|
279
Cemex
CX
$16B
| $31.1M | 0.09% |
2,877,342
+2,010,416
| +232% | +$21.7M |
|
280
Popular Inc
BPOP
$10.8B
| $31M | 0.09% |
1,000,783
+379,154
| +61% | +$10.8M |
|
281
Mondelez International
MDLZ
$82.3B
| $31M | 0.09% |
+896,866
| New | +$30.7M |
|
282
HP
HPQ
$27.2B
| $30.8M | 0.09% |
2,095,106
+400,865
| +24% | +$5.39M |
|
|
MJN
283
DELISTED
Mead Johnson Nutrition Company
MJN
| $30.7M | 0.09% |
368,987
+129,509
| +54% | +$10.5M |
|
|
TWO
284
Two Harbors Investment
TWO
$1.27B
| $30.6M | 0.09% |
373,499
+150,003
| +67% | +$12.1M |
|
285
Tronox
TROX
$888M
| $30.6M | 0.09% |
1,285,924
+960,265
| +295% | +$22.1M |
|
286
Hancock Whitney
HWC
$6.05B
| $30.4M | 0.09% |
828,645
+390,589
| +89% | +$13.9M |
|
|
CTRA
287
CALL
DELISTED
Coterra Energy
CTRA
| $30.4M | 0.09% |
+895,800
| New | +$33.1M |
|
|
NE
288
DELISTED
Noble Corporation
NE
| $30.2M | 0.09% |
1,055,810
+765,848
| +264% | +$21.6M |
|
289
Williams Companies
WMB
$86.2B
| $30.1M | 0.09% |
+742,344
| New | +$30.1M |
|
|
PACW
290
DELISTED
PacWest Bancorp
PACW
| $30.1M | 0.09% |
699,806
-116,195
| -14% | -$4.9M |
|
291
Petrobras Class A
PBR.A
$111B
| $30M | 0.09% |
+2,166,431
| New | +$26.7M |
|
|
GRT
292
DELISTED
GLIMCHER REALTY TRUST
GRT
| $29.9M | 0.09% |
2,985,967
+1,141,110
| +62% | +$10.8M |
|
293
Nokia
NOK
$57B
| $29.7M | 0.09% |
4,046,682
+2,396,021
| +145% | +$18M |
|
|
WBS
294
DELISTED
Webster Financial
WBS
| $29.6M | 0.09% |
951,443
+267,614
| +39% | +$8.22M |
|
295
Oceaneering
OII
$5.28B
| $29.5M | 0.09% |
410,253
-4,502
| -1% | -$322K |
|
296
Ventas
VTR
$47.7B
| $29.5M | 0.09% |
425,950
+422,009
| +10,708% | +$29.3M |
|
297
Fossil Group
FOSL
$332M
| $29.4M | 0.09% |
252,358
+38,981
| +18% | +$4.54M |
|
|
BERY
298
DELISTED
Berry Global Group, Inc.
BERY
| $29.3M | 0.08% |
1,376,538
+1,221,326
| +787% | +$26.1M |
|
299
PNC Financial Services
PNC
$97B
| $29.2M | 0.08% |
335,828
-122,666
| -27% | -$10M |
|
|
HR
300
DELISTED
Healthcare Realty Trust Incorporated
HR
| $29.2M | 0.08% |
1,207,164
+882,238
| +272% | +$20.2M |
|
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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.