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 | |
|---|---|---|---|---|---|---|
326
Empire State Realty Trust
ESRT
$834M
| $27.2M | 0.08% |
1,799,229
+1,672,079
| +1,315% | +$24.9M |
|
327
The Mosaic Company
MOS
$7.76B
| $27.1M | 0.08% |
542,288
+243,255
| +81% | +$11.6M |
|
328
General Dynamics
GD
$104B
| $27.1M | 0.08% |
248,623
+240,243
| +2,867% | +$24.9M |
|
|
SUNE
329
DELISTED
SUNEDISON, INC COM
SUNE
| $27M | 0.08% |
1,435,363
+1,010,509
| +238% | +$16.8M |
|
330
LPL Financial
LPLA
$28.5B
| $27M | 0.08% |
514,216
+453,620
| +749% | +$23.9M |
|
331
American Financial Group
AFG
$11.9B
| $27M | 0.08% |
467,819
+284,270
| +155% | +$16M |
|
|
AUXL
332
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $27M | 0.08% |
993,223
+837,460
| +538% | +$22.2M |
|
333
Western Digital
WDC
$166B
| $26.9M | 0.08% |
387,815
-128,360
| -25% | -$8.38M |
|
334
CubeSmart
CUBE
$9.21B
| $26.9M | 0.08% |
+1,566,435
| New | +$26.2M |
|
335
Regeneron Pharmaceuticals
REGN
$85.9B
| $26.8M | 0.08% |
89,164
-53,466
| -37% | -$16.5M |
|
|
EQY
336
DELISTED
Equity One
EQY
| $26.7M | 0.08% |
+1,195,563
| New | +$27.1M |
|
|
PVTB
337
DELISTED
PrivateBancorp Inc
PVTB
| $26.7M | 0.08% |
873,540
+226,529
| +35% | +$6.57M |
|
338
Advance Auto Parts
AAP
$2.57B
| $26.6M | 0.08% |
210,161
+13,319
| +7% | +$1.62M |
|
|
VNET
339
VNET Group
VNET
$1.91B
| $26.6M | 0.08% |
925,124
+909,624
| +5,869% | +$22.7M |
|
340
Bank of Montreal
BMO
$122B
| $26.5M | 0.08% |
395,411
+347,641
| +728% | +$22.6M |
|
341
Albemarle
ALB
$16.9B
| $26.5M | 0.08% |
398,552
+368,496
| +1,226% | +$23.9M |
|
342
Ashland
ASH
$3.33B
| $26.2M | 0.08% |
539,228
+157,350
| +41% | +$7.39M |
|
343
Visteon
VC
$2.83B
| $26.2M | 0.08% |
296,152
-78,895
| -21% | -$6.57M |
|
344
Bunge Global
BG
$21.7B
| $26.1M | 0.08% |
328,327
+217,227
| +196% | +$17.1M |
|
345
Charter Communications
CHTR
$17.9B
| $26M | 0.08% |
211,275
+52,023
| +33% | +$6.81M |
|
346
NCR Voyix
VYX
$1.09B
| $25.8M | 0.07% |
1,152,048
+295,633
| +35% | +$6.28M |
|
|
PACD
347
DELISTED
Pacific Drilling S A
PACD
| $25.7M | 0.07% |
236,552
+76,011
| +47% | +$7.97M |
|
348
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $25.7M | 0.07% |
490,700
+140,200
| +40% | +$7.2M |
|
|
EVHC
349
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $25.6M | 0.07% |
252,889
+121,196
| +92% | +$12.1M |
|
350
Bruker
BRKR
$9.07B
| $25.6M | 0.07% |
1,122,051
-310,136
| -22% | -$6.76M |
|
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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.