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 | |
|---|---|---|---|---|---|---|
2976
PC Connection
CNXN
$2B
| $273K | ﹤0.01% |
13,448
-629
| -4% | -$13.6K |
|
2977
CALL
Dick's Sporting Goods
DKS
$11.1B
| $273K | ﹤0.01% |
+5,000
| New | +$270K |
|
2978
CALL
Transocean
RIG
$6.42B
| $273K | ﹤0.01% |
6,600
-146,300
| -96% | -$6.36M |
|
2979
Teledyne Technologies
TDY
$29.1B
| $273K | ﹤0.01% |
2,804
-24,042
| -90% | -$2.28M |
|
2980
PUT
Archrock
AROC
$5.38B
| $272K | ﹤0.01% |
+6,200
| New | +$231K |
|
2981
Brown-Forman Class B
BF.B
$12.9B
| $272K | ﹤0.01% |
9,472
-144,544
| -94% | -$3.79M |
|
2982
CALL
GSK
GSK
$104B
| $272K | ﹤0.01% |
+4,080
| New | +$276K |
|
2983
PUT
Snap-on
SNA
$20.4B
| $272K | ﹤0.01% |
+2,400
| New | +$260K |
|
2984
PUT
ASML
ASML
$670B
| $271K | ﹤0.01% |
+2,900
| New | +$258K |
|
2985
CALL
Howard Hughes
HHH
$4B
| $271K | ﹤0.01% |
+1,993
| New | +$251K |
|
2986
Marriott Vacations Worldwide
VAC
$4.02B
| $271K | ﹤0.01% |
4,841
-182,300
| -97% | -$9.42M |
|
2987
Cerus
CERS
$548M
| $270K | ﹤0.01% |
56,150
+42,050
| +298% | +$270K |
|
2988
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.78B
| $270K | ﹤0.01% |
+2,528
| New | +$269K |
|
2989
National CineMedia
NCMI
$256M
| $270K | ﹤0.01% |
1,800
+450
| +33% | +$77.7K |
|
2990
CALL
AT&T
T
$177B
| $270K | ﹤0.01% |
+10,195
| New | +$256K |
|
2991
PUT
RTX Corp
RTX
$283B
| $269K | ﹤0.01% |
+3,655
| New | +$263K |
|
|
CTRX
2992
PUT
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $269K | ﹤0.01% |
6,000
| – | – |
|
2993
PUT
Las Vegas Sands
LVS
$30.6B
| $267K | ﹤0.01% |
3,300
-71,700
| -96% | -$5.76M |
|
2994
PUT
BioMarin Pharmaceuticals
BMRN
$12.8B
| $266K | ﹤0.01% |
+3,900
| New | +$287K |
|
2995
Upbound Group
UPBD
$1.13B
| $266K | ﹤0.01% |
10,002
-156,999
| -94% | -$4.25M |
|
|
IIP
2996
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $266K | ﹤0.01% |
37,587
-31,204
| -45% | -$221K |
|
|
KMI.WS
2997
DELISTED
Kinder Morgan Inc
KMI.WS
| $266K | ﹤0.01% |
150,085
| – | – |
|
2998
CALL
Stratasys
SSYS
$693M
| $265K | ﹤0.01% |
2,500
+500
| +25% | +$59.8K |
|
|
USCR
2999
DELISTED
U S Concrete, Inc.
USCR
| $265K | ﹤0.01% |
+11,279
| New | +$263K |
|
|
HITK
3000
DELISTED
HI-TECH PHARMACAL INC
HITK
| $265K | ﹤0.01% |
+6,116
| New | +$265K |
|
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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.