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 | |
|---|---|---|---|---|---|---|
|
VMRK
426
Vivmark Residential
VMRK
$25B
| $20.9M | 0.06% |
359,762
+335,773
| +1,400% | +$18.9M |
|
427
PUT
Microsoft
MSFT
$3.59T
| $20.8M | 0.06% |
508,200
+387,300
| +320% | +$14.5M |
|
428
First Solar
FSLR
$23B
| $20.8M | 0.06% |
298,350
-47,325
| -14% | -$2.64M |
|
|
GTU
429
DELISTED
CENTRAL GOLD TR (CANADA)
GTU
| $20.8M | 0.06% |
459,252
+358,969
| +358% | +$16.4M |
|
430
Bio-Rad Laboratories Class A
BIO
$10.2B
| $20.8M | 0.06% |
162,042
+56,355
| +53% | +$7.22M |
|
431
ON Semiconductor
ON
$28.9B
| $20.8M | 0.06% |
2,207,836
+2,084,785
| +1,694% | +$18.7M |
|
432
Costco
COST
$420B
| $20.7M | 0.06% |
185,776
+141,029
| +315% | +$16.1M |
|
|
KS
433
DELISTED
KapStone Paper and Pack Corp.
KS
| $20.7M | 0.06% |
+716,371
| New | +$20.9M |
|
|
AWAY
434
DELISTED
HOMEAWAY INC COM
AWAY
| $20.6M | 0.06% |
+547,134
| New | +$23.1M |
|
|
MTGE
435
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $20.6M | 0.06% |
1,095,431
+824,962
| +305% | +$16M |
|
|
PDS
436
Precision Drilling
PDS
$1.18B
| $20.2M | 0.06% |
84,575
+48,166
| +132% | +$9.69M |
|
437
Vipshop
VIPS
$6.98B
| $20.2M | 0.06% |
+1,356,130
| New | +$16.1M |
|
438
PUT
Cadence Design Systems
CDNS
$87.9B
| $20.2M | 0.06% |
1,300,100
+497,800
| +62% | +$7.38M |
|
|
PHH
439
DELISTED
PHH Corporation
PHH
| $20.2M | 0.06% |
781,751
+384,013
| +97% | +$9.64M |
|
|
BTU
440
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $20.2M | 0.06% |
82,214
+53,202
| +183% | +$13.5M |
|
441
SPX Corp
SPXC
$10.4B
| $20.1M | 0.06% |
813,817
+216,511
| +36% | +$5.55M |
|
442
CALL
Golar LNG
GLNG
$5.31B
| $20.1M | 0.06% |
+483,200
| New | +$17.9M |
|
443
Ryder
R
$9.58B
| $20.1M | 0.06% |
252,054
-349,207
| -58% | -$25.9M |
|
444
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $20.1M | 0.06% |
107,626
-480,116
| -82% | -$88.1M |
|
|
OPLN
445
Openlane
OPLN
$4.08B
| $20.1M | 0.06% |
1,749,450
+292,778
| +20% | +$3.28M |
|
|
PL
446
DELISTED
PROTECTIVE LIFE CORP
PL
| $20.1M | 0.06% |
+381,910
| New | +$19.6M |
|
|
CRZO
447
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $20M | 0.06% |
375,023
-80,330
| -18% | -$3.68M |
|
448
PUT
Herbalife
HLF
$1.33B
| $20M | 0.06% |
+700,000
| New | +$23.1M |
|
|
SNI
449
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $20M | 0.06% |
+263,869
| New | +$20.6M |
|
|
SWC
450
DELISTED
Stillwater Mining Co
SWC
| $20M | 0.06% |
1,351,539
+29,106
| +2% | +$396K |
|
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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.