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 | |
|---|---|---|---|---|---|---|
3076
Simmons First National
SFNC
$3.28B
| $239K | ﹤0.01% |
+12,844
| New | +$231K |
|
|
PBCT
3077
PUT
DELISTED
People's United Financial Inc
PBCT
| $239K | ﹤0.01% |
+16,100
| New | +$234K |
|
|
STNR
3078
DELISTED
STEINER LEISURE LTD
STNR
| $239K | ﹤0.01% |
+5,160
| New | +$246K |
|
3079
Sunstone Hotel Investors
SHO
$2.11B
| $238K | ﹤0.01% |
17,319
-163,276
| -90% | -$2.18M |
|
|
ANDV
3080
PUT
DELISTED
Andeavor
ANDV
| $238K | ﹤0.01% |
4,700
-6,200
| -57% | -$322K |
|
|
REV
3081
DELISTED
Revlon, Inc.
REV
| $238K | ﹤0.01% |
+9,300
| New | +$229K |
|
3082
PUT
Methanex
MEOH
$4.42B
| $237K | ﹤0.01% |
+3,700
| New | +$234K |
|
3083
ePlus
PLUS
$2.25B
| $237K | ﹤0.01% |
17,036
-6,036
| -26% | -$85K |
|
3084
CALL
Toyota
TM
$228B
| $237K | ﹤0.01% |
2,100
-2,300
| -52% | -$265K |
|
3085
CALL
Jazz Pharmaceuticals
JAZZ
$16.9B
| $236K | ﹤0.01% |
+1,700
| New | +$256K |
|
3086
PUT
Kulicke & Soffa
KLIC
$4.42B
| $236K | ﹤0.01% |
+18,700
| New | +$222K |
|
3087
PUT
Nike
NKE
$58.6B
| $236K | ﹤0.01% |
6,400
-8,800
| -58% | -$333K |
|
3088
Tompkins Financial
TMP
$1.41B
| $236K | ﹤0.01% |
+4,828
| New | +$234K |
|
|
TOO
3089
DELISTED
Teekay Offshore Partners L.P.
TOO
| $236K | ﹤0.01% |
7,227
-23,207
| -76% | -$741K |
|
|
EPIQ
3090
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $236K | ﹤0.01% |
17,333
-15,618
| -47% | -$225K |
|
3091
PUT
SM Energy
SM
$8.49B
| $235K | ﹤0.01% |
3,300
-3,500
| -51% | -$274K |
|
3092
Grupo Cibest SA
CIB
$24.4B
| $234K | ﹤0.01% |
4,145
-30,787
| -88% | -$1.51M |
|
3093
CALL
Micron Technology
MU
$1.05T
| $234K | ﹤0.01% |
9,900
-91,100
| -90% | -$2.16M |
|
|
CACQ
3094
DELISTED
Caesars Acquisition Company
CACQ
| $234K | ﹤0.01% |
16,441
-53,759
| -77% | -$746K |
|
3095
CALL
Carter's
CRI
$1.24B
| $233K | ﹤0.01% |
+3,000
| New | +$216K |
|
3096
PUT
Intuit
INTU
$97.8B
| $233K | ﹤0.01% |
+3,000
| New | +$229K |
|
3097
PUT
United Airlines
UAL
$38.1B
| $232K | ﹤0.01% |
+5,200
| New | +$234K |
|
|
MDP
3098
PUT
DELISTED
Meredith Corporation
MDP
| $232K | ﹤0.01% |
+5,000
| New | +$229K |
|
|
CDI
3099
DELISTED
CDI Corp.
CDI
| $232K | ﹤0.01% |
+13,532
| New | +$240K |
|
3100
PUT
Dillards
DDS
$9.95B
| $231K | ﹤0.01% |
+2,500
| New | +$226K |
|
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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.