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 | |
|---|---|---|---|---|---|---|
3526
Amdocs
DOX
$6.49B
| – | – |
-111,218
| Closed | -$4.59M |
|
3527
Diana Shipping
DSX
$337M
| – | – |
-247,220
| Closed | -$2.3M |
|
|
EA
3528
DELISTED
Electronic Arts
EA
| – | – |
-320,728
| Closed | -$7.36M |
|
|
EA
3529
PUT
DELISTED
Electronic Arts
EA
| – | – |
-39,900
| Closed | -$915K |
|
3530
Ennis
EBF
$544M
| – | – |
-46,603
| Closed | -$825K |
|
3531
Ecopetrol
EC
$35.6B
| – | – |
-39,549
| Closed | -$1.52M |
|
3532
CALL
Consolidated Edison
ED
$39.8B
| – | – |
-100,000
| Closed | -$5.53M |
|
3533
CALL
New Oriental
EDU
$8.97B
| – | – |
-20,200
| Closed | -$636K |
|
|
3534
New Oriental
EDU
$8.97B
| – | – |
-33,900
| Closed | -$1.07M |
|
3535
Euronet Worldwide
EEFT
$2.63B
| – | – |
-59,026
| Closed | -$2.82M |
|
3536
Equifax
EFX
$22.9B
| – | – |
-147,806
| Closed | -$10.2M |
|
3537
Eagle Bancorp
EGBN
$857M
| – | – |
-17,098
| Closed | -$524K |
|
3538
8x8 Inc
EGHT
$285M
| – | – |
-24,091
| Closed | -$245K |
|
3539
EastGroup Properties
EGP
$10.9B
| – | – |
-71,579
| Closed | -$4.15M |
|
3540
eHealth
EHTH
$39.4M
| – | – |
-37,300
| Closed | -$1.73M |
|
3541
Elevance Health
ELV
$87.3B
| – | – |
-138,541
| Closed | -$12.8M |
|
3542
Enbridge
ENB
$109B
| – | – |
-78,116
| Closed | -$3.37M |
|
3543
Enanta Pharmaceuticals
ENTA
$410M
| – | – |
-107,519
| Closed | -$2.93M |
|
3544
CALL
Edgewell Personal Care
EPC
$1.31B
| – | – |
-4,317
| Closed | -$346K |
|
3545
CALL
Equinix
EQIX
$104B
| – | – |
-2,800
| Closed | -$497K |
|
|
3546
PUT
Equinix
EQIX
$104B
| – | – |
-43,900
| Closed | -$7.79M |
|
3547
Equinor
EQNR
$101B
| – | – |
-379,326
| Closed | -$9.15M |
|
|
VMRK
3548
CALL
Vivmark Residential
VMRK
$25.5B
| – | – |
-209,900
| Closed | -$10.9M |
|
3549
CALL
Ericsson
ERIC
$33.2B
| – | – |
-1,191,800
| Closed | -$14.6M |
|
|
EMBJ
3550
Embraer S.A. ADS
EMBJ
$13.6B
| – | – |
-21,383
| Closed | -$688K |
|
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.