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 | |
|---|---|---|---|---|---|---|
451
Goodyear
GT
$1.72B
| $20M | 0.06% |
764,037
+335,455
| +78% | +$8.54M |
|
452
Petrobras
PBR
$123B
| $19.9M | 0.06% |
1,510,435
+40,787
| +3% | +$476K |
|
453
CALL
Bath & Body Works
BBWI
$3.92B
| $19.8M | 0.06% |
432,084
+410,436
| +1,896% | +$18.5M |
|
|
BPL
454
CALL
DELISTED
Buckeye Partners, L.P.
BPL
| $19.8M | 0.06% |
+263,900
| New | +$19.2M |
|
|
BIG
455
DELISTED
Big Lots, Inc.
BIG
| $19.6M | 0.06% |
518,187
+307,394
| +146% | +$9.48M |
|
456
CALL
Constellation Brands
STZ
$23.2B
| $19.6M | 0.06% |
230,600
+81,500
| +55% | +$6.48M |
|
|
WOOF
457
DELISTED
VCA Inc.
WOOF
| $19.6M | 0.06% |
607,642
-455,733
| -43% | -$14.7M |
|
|
THOR
458
DELISTED
THORATEC CORPORATION
THOR
| $19.5M | 0.06% |
544,281
+224,353
| +70% | +$8.04M |
|
459
Hasbro
HAS
$13.2B
| $19.5M | 0.06% |
350,308
-13,564
| -4% | -$722K |
|
460
AutoNation
AN
$6.6B
| $19.4M | 0.06% |
365,213
+48,269
| +15% | +$2.46M |
|
461
BHP
BHP
$246B
| $19.4M | 0.06% |
338,554
+176,646
| +109% | +$9.9M |
|
|
LPT
462
DELISTED
Liberty Property Trust
LPT
| $19.3M | 0.06% |
523,347
-203,048
| -28% | -$7.35M |
|
463
CNO Financial Group
CNO
$4.95B
| $19.2M | 0.06% |
1,062,904
+746,072
| +235% | +$13.4M |
|
|
ARRS
464
CALL
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $19.2M | 0.06% |
+682,200
| New | +$18.6M |
|
465
Air Products & Chemicals
APD
$67.9B
| $19.2M | 0.06% |
174,434
-79,122
| -31% | -$8.4M |
|
466
Voya Financial
VOYA
$8.86B
| $19.2M | 0.06% |
528,208
+180,018
| +52% | +$6.39M |
|
467
Kemper
KMPR
$1.59B
| $19.2M | 0.06% |
489,051
+393,974
| +414% | +$15.1M |
|
|
CLGX
468
DELISTED
Corelogic, Inc.
CLGX
| $19.2M | 0.06% |
637,502
+35,717
| +6% | +$1.18M |
|
469
JB Hunt Transport Services
JBHT
$25.9B
| $19.1M | 0.06% |
266,110
+201,718
| +313% | +$14.9M |
|
|
CNQR
470
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $19.1M | 0.06% |
193,123
+132,344
| +218% | +$14.9M |
|
471
CALL
iShares Silver Trust
SLV
$33.8B
| $19M | 0.06% |
+1,000,000
| New | +$19.7M |
|
|
AMRI
472
DELISTED
Albany Molecular Research Inc
AMRI
| $19M | 0.06% |
1,022,181
+967,629
| +1,774% | +$13.3M |
|
|
CFN
473
DELISTED
CAREFUSION CORPORATION
CFN
| $19M | 0.06% |
471,712
-20,538
| -4% | -$831K |
|
474
LKQ Corp
LKQ
$6.52B
| $18.9M | 0.05% |
715,795
+417,425
| +140% | +$11.7M |
|
|
AVP
475
DELISTED
Avon Products, Inc.
AVP
| $18.8M | 0.05% |
1,286,109
+902,428
| +235% | +$13.9M |
|
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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.