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 | |
|---|---|---|---|---|---|---|
3101
PUT
Strategy Inc
MSTR
$50.4B
| $231K | ﹤0.01% |
20,000
| – | – |
|
3102
PUT
PRA Group
PRAA
$741M
| $231K | ﹤0.01% |
4,000
-400
| -9% | -$21.5K |
|
|
CGI
3103
DELISTED
Celadon Group Inc
CGI
| $231K | ﹤0.01% |
9,590
-21,675
| -69% | -$472K |
|
3104
CALL
Everest Group
EG
$14.4B
| $230K | ﹤0.01% |
1,500
-1,300
| -46% | -$192K |
|
3105
PUT
Dentsply Sirona
XRAY
$2.19B
| $230K | ﹤0.01% |
+5,000
| New | +$231K |
|
|
AGU
3106
DELISTED
Agrium
AGU
| $230K | ﹤0.01% |
+2,354
| New | +$216K |
|
|
OKSB
3107
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $230K | ﹤0.01% |
13,010
-13,744
| -51% | -$239K |
|
3108
PUT
Agilent Technologies
A
$43.7B
| $229K | ﹤0.01% |
5,732
-14,958
| -72% | -$616K |
|
3109
PUT
H&R Block
HRB
$6.56B
| $229K | ﹤0.01% |
+7,600
| New | +$228K |
|
3110
CALL
Nike
NKE
$58.6B
| $229K | ﹤0.01% |
6,200
-6,400
| -51% | -$242K |
|
3111
CALL
Mercado Libre
MELI
$101B
| $228K | ﹤0.01% |
+2,400
| New | +$234K |
|
3112
PUT
ResMed
RMD
$34.1B
| $228K | ﹤0.01% |
5,100
-121,000
| -96% | -$5.43M |
|
3113
Seacoast Banking Corp of Florida
SBCF
$3.29B
| $228K | ﹤0.01% |
20,752
+10,532
| +103% | +$120K |
|
3114
Vanguard S&P 500 ETF
VOO
$1.02T
| $228K | ﹤0.01% |
+1,329
| New | +$223K |
|
|
PBCT
3115
CALL
DELISTED
People's United Financial Inc
PBCT
| $228K | ﹤0.01% |
+15,300
| New | +$223K |
|
|
ZIXI
3116
DELISTED
Zix Corporation
ZIXI
| $228K | ﹤0.01% |
55,162
+28,149
| +104% | +$127K |
|
3117
ORIX
IX
$42.9B
| $227K | ﹤0.01% |
+16,110
| New | +$246K |
|
|
FL
3118
PUT
DELISTED
Foot Locker
FL
| $226K | ﹤0.01% |
4,800
-52,900
| -92% | -$2.2M |
|
3119
IMAX
IMAX
$2.96B
| $226K | ﹤0.01% |
+8,255
| New | +$225K |
|
3120
NWPX Infrastructure Inc
NWPX
$1.07B
| $226K | ﹤0.01% |
+6,260
| New | +$223K |
|
3121
PUT
United Parcel Service
UPS
$89.5B
| $224K | ﹤0.01% |
+2,300
| New | +$224K |
|
3122
Banco Macro
BMA
$4.97B
| $223K | ﹤0.01% |
7,933
-12,864
| -62% | -$288K |
|
3123
PUT
Warner Bros
WBD
$72.5B
| $223K | ﹤0.01% |
+5,284
| New | +$223K |
|
|
LVNTA
3124
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $223K | ﹤0.01% |
6,976
-158,319
| -96% | -$5.03M |
|
3125
CALL
Duke Energy
DUK
$94.8B
| $221K | ﹤0.01% |
+3,100
| New | +$216K |
|
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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.