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 | |
|---|---|---|---|---|---|---|
376
PUT
CNX Resources
CNX
$5.38B
| $24M | 0.07% |
719,760
+122,880
| +21% | +$3.96M |
|
377
Ecolab
ECL
$78.9B
| $23.7M | 0.07% |
219,194
-18,979
| -8% | -$1.99M |
|
378
Bread Financial
BFH
$4.07B
| $23.6M | 0.07% |
108,671
-22,579
| -17% | -$4.85M |
|
|
MRSH
379
Marsh
MRSH
$91.6B
| $23.6M | 0.07% |
478,113
-65,208
| -12% | -$3.12M |
|
|
ITMN
380
CALL
DELISTED
INTERMUNE INC
ITMN
| $23.5M | 0.07% |
701,000
+538,600
| +332% | +$12M |
|
|
VR
381
DELISTED
Validus Hold Ltd
VR
| $23.4M | 0.07% |
619,481
+592,628
| +2,207% | +$22M |
|
382
Graphic Packaging
GPK
$3.54B
| $23.3M | 0.07% |
2,289,511
-729,261
| -24% | -$7.2M |
|
383
CALL
Perrigo
PRGO
$1.98B
| $23.2M | 0.07% |
150,000
-907,300
| -86% | -$143M |
|
|
384
PUT
Perrigo
PRGO
$1.98B
| $23.2M | 0.07% |
150,000
-625,000
| -81% | -$98.6M |
|
385
TripAdvisor
TRIP
$1.17B
| $23.2M | 0.07% |
255,861
-158,367
| -38% | -$14.4M |
|
386
MGIC Investment
MTG
$6.34B
| $23.2M | 0.07% |
2,718,143
-116,745
| -4% | -$1.02M |
|
387
PUT
Apple
AAPL
$4.51T
| $23M | 0.07% |
1,201,200
-1,747,200
| -59% | -$33.2M |
|
|
TRNX
388
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $23M | 0.07% |
1,081,880
-63,193
| -6% | -$1.23M |
|
389
Bristol-Myers Squibb
BMY
$137B
| $22.9M | 0.07% |
441,540
-1,614,176
| -79% | -$85.9M |
|
390
Accenture
ACN
$113B
| $22.9M | 0.07% |
287,349
-593,882
| -67% | -$48.8M |
|
391
TJX Companies
TJX
$155B
| $22.8M | 0.07% |
752,372
+699,572
| +1,325% | +$21.2M |
|
392
Interactive Brokers
IBKR
$42.5B
| $22.8M | 0.07% |
4,205,656
+3,242,464
| +337% | +$18M |
|
|
SBY
393
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $22.7M | 0.07% |
1,465,800
+1,452,376
| +10,819% | +$23.2M |
|
|
JOY
394
DELISTED
Joy Global Inc
JOY
| $22.7M | 0.07% |
391,873
+299,465
| +324% | +$16.6M |
|
395
Spectrum Brands
SPB
$2B
| $22.6M | 0.07% |
284,129
-42,974
| -13% | -$3.22M |
|
396
Televisa
TV
$1.47B
| $22.6M | 0.07% |
678,505
+411,412
| +154% | +$12.4M |
|
|
HPY
397
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $22.5M | 0.07% |
+543,918
| New | +$23.6M |
|
|
PES
398
DELISTED
Pioneer Energy Services Corp.
PES
| $22.5M | 0.07% |
1,738,932
+1,589,863
| +1,067% | +$15.9M |
|
|
PCYC
399
DELISTED
PHARMACYCLICS INC
PCYC
| $22.5M | 0.07% |
224,162
+166,647
| +290% | +$21.7M |
|
400
Pacira BioSciences
PCRX
$983M
| $22.4M | 0.07% |
320,334
+246,708
| +335% | +$16.8M |
|
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.