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 | |
|---|---|---|---|---|---|---|
3051
CALL
Annaly Capital Management
NLY
$17.4B
| $247K | ﹤0.01% |
5,625
+2,650
| +89% | +$115K |
|
3052
SK Telecom
SKM
$15.2B
| $247K | ﹤0.01% |
+6,633
| New | +$242K |
|
|
STCN
3053
DELISTED
Steel Connect, Inc. Common Stock
STCN
| $247K | ﹤0.01% |
+6,253
| New | +$290K |
|
|
SMRT
3054
DELISTED
Stein Mart Inc
SMRT
| $247K | ﹤0.01% |
17,653
-17,099
| -49% | -$231K |
|
|
BBOX
3055
DELISTED
Black Box Corp
BBOX
| $247K | ﹤0.01% |
+10,167
| New | +$272K |
|
3056
Terreno Realty
TRNO
$7.45B
| $246K | ﹤0.01% |
+12,998
| New | +$234K |
|
|
NTRI
3057
CALL
DELISTED
NutriSystem, Inc.
NTRI
| $246K | ﹤0.01% |
16,300
-500
| -3% | -$7.62K |
|
|
AOI
3058
DELISTED
Alliance One International
AOI
| $246K | ﹤0.01% |
8,419
+7,299
| +652% | +$202K |
|
3059
CALL
Dolby
DLB
$6.19B
| $245K | ﹤0.01% |
+5,500
| New | +$231K |
|
3060
PUT
Everest Group
EG
$14.4B
| $245K | ﹤0.01% |
1,600
-1,400
| -47% | -$207K |
|
|
CXO
3061
PUT
DELISTED
CONCHO RESOURCES INC.
CXO
| $245K | ﹤0.01% |
2,000
-800
| -29% | -$88.1K |
|
|
ARII
3062
DELISTED
American Railcar Industries, Inc.
ARII
| $245K | ﹤0.01% |
+3,505
| New | +$202K |
|
3063
PUT
Union Pacific
UNP
$184B
| $244K | ﹤0.01% |
+2,600
| New | +$231K |
|
|
3064
PUT
Edison International
EIX
$28.8B
| $243K | ﹤0.01% |
+4,300
| New | +$214K |
|
3065
Gartner
IT
$12.4B
| $243K | ﹤0.01% |
3,500
-200
| -5% | -$13.8K |
|
3066
CALL
Zoetis
ZTS
$31.9B
| $243K | ﹤0.01% |
+8,400
| New | +$257K |
|
|
DD
3067
CALL
DELISTED
Du Pont De Nemours E I
DD
| $242K | ﹤0.01% |
3,791
-12,004
| -76% | -$734K |
|
|
TYC
3068
PUT
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $242K | ﹤0.01% |
+5,443
| New | +$238K |
|
3069
CALL
Salesforce
CRM
$168B
| $240K | ﹤0.01% |
4,200
-303,800
| -99% | -$18.2M |
|
3070
PUT
Gen Digital
GEN
$17.5B
| $240K | ﹤0.01% |
+12,000
| New | +$257K |
|
3071
VanEck Oil Services ETF
OIH
$1.93B
| $240K | ﹤0.01% |
238
-8,341
| -97% | -$7.92M |
|
|
ORC
3072
Orchid Island Capital
ORC
$1.34B
| $240K | ﹤0.01% |
+4,046
| New | +$256K |
|
3073
PhenixFIN
PFX
$102M
| $240K | ﹤0.01% |
883
+274
| +45% | +$76.5K |
|
3074
CALL
Williams-Sonoma
WSM
$27.6B
| $240K | ﹤0.01% |
7,200
-366,400
| -98% | -$10.7M |
|
|
SPA
3075
DELISTED
Sparton
SPA
| $240K | ﹤0.01% |
+8,207
| New | +$249K |
|
Similar funds
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.