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 | |
|---|---|---|---|---|---|---|
401
CALL
EQT Corp
EQT
$33.6B
| $22.4M | 0.07% |
+424,714
| New | +$22.1M |
|
402
Weyerhaeuser
WY
$17.6B
| $22.3M | 0.06% |
760,898
+430,589
| +130% | +$13M |
|
403
CALL
Moody's
MCO
$87.2B
| $22.3M | 0.06% |
+281,000
| New | +$22M |
|
|
SCG
404
DELISTED
Scana
SCG
| $22.1M | 0.06% |
431,317
+213,091
| +98% | +$10.3M |
|
405
Range Resources
RRC
$9.59B
| $22M | 0.06% |
265,604
-65,927
| -20% | -$5.61M |
|
|
EPB
406
CALL
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
| $22M | 0.06% |
+724,400
| New | +$23M |
|
407
CALL
DuPont de Nemours
DD
$18.7B
| $22M | 0.06% |
178,684
+176,117
| +6,861% | +$20.8M |
|
408
Wynn Resorts
WYNN
$10.3B
| $21.9M | 0.06% |
+98,638
| New | +$21.7M |
|
|
ABMD
409
DELISTED
Abiomed Inc
ABMD
| $21.9M | 0.06% |
841,173
+196,345
| +30% | +$5.43M |
|
410
Corpay
CPAY
$27.4B
| $21.9M | 0.06% |
190,201
-137,282
| -42% | -$16M |
|
411
PUT
Gilead Sciences
GILD
$181B
| $21.8M | 0.06% |
308,100
+193,100
| +168% | +$15.1M |
|
412
Apple
AAPL
$4.51T
| $21.7M | 0.06% |
1,133,692
-4,477,256
| -80% | -$85.2M |
|
413
Forum Energy Technologies
FET
$871M
| $21.7M | 0.06% |
+34,970
| New | +$19M |
|
414
Liberty Global Class A
LBTYA
$3.63B
| $21.7M | 0.06% |
631,210
+102,829
| +19% | +$3.62M |
|
415
Roper Technologies
ROP
$40.7B
| $21.5M | 0.06% |
160,920
+114,344
| +245% | +$15.6M |
|
416
TE Connectivity
TEL
$58.9B
| $21.4M | 0.06% |
356,062
-190,709
| -35% | -$10.9M |
|
|
CHK
417
DELISTED
Chesapeake Energy Corporation
CHK
| $21.4M | 0.06% |
4,414
+1,260
| +40% | +$6.14M |
|
418
Conagra Brands
CAG
$7.89B
| $21.4M | 0.06% |
884,266
-1,569,544
| -64% | -$37.7M |
|
|
ATMI
419
DELISTED
A T M I INC
ATMI
| $21.3M | 0.06% |
+627,258
| New | +$20.2M |
|
|
VIAB
420
DELISTED
Viacom Inc. Class B
VIAB
| $21.3M | 0.06% |
250,481
+127,710
| +104% | +$10.9M |
|
|
TWC
421
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $21.3M | 0.06% |
155,000
-16,300
| -10% | -$2.23M |
|
422
Trane Technologies
TT
$99.8B
| $21.2M | 0.06% |
370,789
+54,719
| +17% | +$3.26M |
|
423
Agnico Eagle Mines
AEM
$109B
| $21.1M | 0.06% |
698,401
+672,601
| +2,607% | +$21.1M |
|
424
CoStar Group
CSGP
$13.1B
| $20.9M | 0.06% |
1,121,410
+862,090
| +332% | +$16.3M |
|
425
CALL
Energy Transfer Partners
ET
$73B
| $20.9M | 0.06% |
895,000
+135,000
| +18% | +$2.92M |
|
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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.