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 | |
|---|---|---|---|---|---|---|
3651
Insteel Industries
IIIN
$599M
| – | – |
-26,742
| Closed | -$608K |
|
3652
CALL
Illumina
ILMN
$33.1B
| – | – |
-6,990
| Closed | -$752K |
|
|
3653
PUT
Illumina
ILMN
$33.1B
| – | – |
-21,177
| Closed | -$2.28M |
|
3654
Immersion
IMMR
$249M
| – | – |
-80,223
| Closed | -$833K |
|
3655
PUT
Incyte
INCY
$25.9B
| – | – |
-40,200
| Closed | -$2.04M |
|
3656
Infosys
INFY
$48.4B
| – | – |
-1,224,216
| Closed | -$8.66M |
|
3657
CALL
Intuit
INTU
$100B
| – | – |
-6,700
| Closed | -$511K |
|
3658
Innoviva
INVA
$1.52B
| – | – |
-420,591
| Closed | -$12.1M |
|
|
3659
PUT
Innoviva
INVA
$1.52B
| – | – |
-173,988
| Closed | -$5M |
|
3660
CALL
Ionis Pharmaceuticals
IONS
$9.93B
| – | – |
-9,300
| Closed | -$371K |
|
|
3661
PUT
Ionis Pharmaceuticals
IONS
$9.93B
| – | – |
-8,200
| Closed | -$327K |
|
3662
IPG Photonics
IPGP
$3.12B
| – | – |
-3,597
| Closed | -$279K |
|
3663
CALL
Iron Mountain
IRM
$36.3B
| – | – |
-10,387
| Closed | -$291K |
|
3664
CALL
Invesco
IVZ
$14.1B
| – | – |
-75,000
| Closed | -$2.73M |
|
3665
PUT
JetBlue
JBLU
$1.85B
| – | – |
-150,000
| Closed | -$1.28M |
|
3666
St. Joe Company
JOE
$3.92B
| – | – |
-39,813
| Closed | -$737K |
|
|
JWN
3667
CALL
DELISTED
Nordstrom
JWN
| – | – |
-100,000
| Closed | -$6.18M |
|
|
JWN
3668
PUT
DELISTED
Nordstrom
JWN
| – | – |
-100,200
| Closed | -$6.19M |
|
3669
State Street SPDR S&P Bank ETF
KBE
$1.74B
| – | – |
-7,057
| Closed | -$234K |
|
3670
Korea Electric Power
KEP
$14.5B
| – | – |
-17,300
| Closed | -$287K |
|
3671
PUT
Kinross Gold
KGC
$38.9B
| – | – |
-750,000
| Closed | -$3.29M |
|
3672
Kimco Realty
KIM
$16.1B
| – | – |
-680,355
| Closed | -$13.4M |
|
3673
KLA
KLAC
$240B
| – | – |
-199,910
| Closed | -$1.29M |
|
3674
Kamada
KMDA
$475M
| – | – |
-82,307
| Closed | -$1.22M |
|
3675
Coca-Cola
KO
$392B
| – | – |
-7,400
| Closed | -$306K |
|
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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.