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 | |
|---|---|---|---|---|---|---|
|
LBMH
351
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $25.6M | 0.07% |
6,505,000
-1,223,202
| -16% | -$5.36M |
|
352
AstraZeneca
AZN
$257B
| $25.5M | 0.07% |
393,281
+347,681
| +762% | +$22.5M |
|
353
Vulcan Materials
VMC
$35.8B
| $25.5M | 0.07% |
383,529
+356,215
| +1,304% | +$22.7M |
|
|
ORIG
354
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $25.4M | 0.07% |
155
+27
| +21% | +$4.38M |
|
355
Mettler-Toledo International
MTD
$28B
| $25.4M | 0.07% |
107,882
+68,081
| +171% | +$16.7M |
|
|
UNT
356
DELISTED
UNIT Corporation
UNT
| $25.4M | 0.07% |
388,822
+170,003
| +78% | +$9.46M |
|
357
Hyatt Hotels
H
$17B
| $25.3M | 0.07% |
470,688
+64,779
| +16% | +$3.3M |
|
358
Mohawk Industries
MHK
$9.23B
| $25.3M | 0.07% |
186,174
-150,249
| -45% | -$21.5M |
|
359
Invesco
IVZ
$14.1B
| $25.3M | 0.07% |
682,620
+560,636
| +460% | +$19.4M |
|
|
CNL
360
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $25.2M | 0.07% |
499,040
+337,090
| +208% | +$16.3M |
|
361
MBIA
MBI
$250M
| $25.2M | 0.07% |
1,803,981
+1,792,481
| +15,587% | +$22.8M |
|
362
Itaú Unibanco
ITUB
$82.4B
| $25.2M | 0.07% |
+4,651,036
| New | +$22.2M |
|
363
Iron Mountain
IRM
$36.3B
| $25.2M | 0.07% |
+988,447
| New | +$25.3M |
|
|
NFX
364
CALL
DELISTED
Newfield Exploration
NFX
| $25.2M | 0.07% |
803,100
+766,400
| +2,088% | +$20.3M |
|
365
Lockheed Martin
LMT
$130B
| $25.2M | 0.07% |
154,104
+150,336
| +3,990% | +$23.6M |
|
|
QCOR
366
DELISTED
QUESTCOR PHARMA INC
QCOR
| $25.1M | 0.07% |
386,940
+337,811
| +688% | +$21.6M |
|
367
Incyte
INCY
$25.9B
| $25M | 0.07% |
466,309
-1,081,627
| -70% | -$67.1M |
|
|
CPWR
368
DELISTED
COMPUWARE CORP
CPWR
| $24.9M | 0.07% |
2,468,678
-25,784
| -1% | -$261K |
|
|
MRO
369
DELISTED
Marathon Oil Corporation
MRO
| $24.9M | 0.07% |
700,180
-125,915
| -15% | -$4.24M |
|
|
ALE
370
DELISTED
Allete
ALE
| $24.7M | 0.07% |
471,962
+231,965
| +97% | +$11.6M |
|
|
SWY
371
DELISTED
SAFEWAY INC
SWY
| $24.5M | 0.07% |
739,566
-622,352
| -46% | -$19.3M |
|
372
Duke Energy
DUK
$93.4B
| $24.4M | 0.07% |
343,003
-177,190
| -34% | -$12.4M |
|
|
NVDQ
373
DELISTED
Novadaq Technologies Inc.
NVDQ
| $24.2M | 0.07% |
1,087,436
+372,699
| +52% | +$7.4M |
|
374
Simon Property Group
SPG
$70.6B
| $24.2M | 0.07% |
156,724
+46,185
| +42% | +$6.88M |
|
375
Timken Company
TKR
$8.67B
| $24.2M | 0.07% |
574,342
+506,803
| +750% | +$20.8M |
|
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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.