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 | |
|---|---|---|---|---|---|---|
|
XEC
26
DELISTED
CIMAREX ENERGY CO
XEC
| $125M | 0.36% |
1,052,356
+513,254
| +95% | +$55.1M |
|
|
FRX
27
DELISTED
FOREST LABORATORIES INC
FRX
| $122M | 0.35% |
1,324,355
+1,130,282
| +582% | +$91.2M |
|
28
DTE Energy
DTE
$28.1B
| $119M | 0.35% |
1,888,384
-364,018
| -16% | -$21.4M |
|
|
SGY
29
DELISTED
Stone Energy
SGY
| $119M | 0.35% |
49,999
+25,888
| +107% | +$50.7M |
|
30
Oneok
OKE
$58.8B
| $118M | 0.34% |
1,985,225
+120,691
| +6% | +$7.06M |
|
31
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $118M | 0.34% |
628,900
-13,876,600
| -96% | -$2.55B |
|
|
NFX
32
DELISTED
Newfield Exploration
NFX
| $117M | 0.34% |
3,740,930
+3,623,794
| +3,094% | +$95.8M |
|
33
Illumina
ILMN
$33.1B
| $117M | 0.34% |
808,022
+103,317
| +15% | +$15.2M |
|
34
Canadian Pacific Kansas City
CP
$85B
| $113M | 0.33% |
3,765,705
+1,847,270
| +96% | +$56.1M |
|
35
Viatris
VTRS
$18.7B
| $109M | 0.32% |
2,235,904
+963,691
| +76% | +$46.8M |
|
36
CALL
Pfizer
PFE
$160B
| $109M | 0.32% |
+3,575,379
| New | +$107M |
|
37
Home Depot
HD
$335B
| $108M | 0.31% |
1,366,906
+583,987
| +75% | +$46.5M |
|
38
OGE Energy
OGE
$9.42B
| $107M | 0.31% |
2,915,994
-1,041,251
| -26% | -$36.4M |
|
|
PARA
39
DELISTED
Paramount Global Class B
PARA
| $106M | 0.31% |
1,719,645
+427,872
| +33% | +$27M |
|
40
Micron Technology
MU
$1.09T
| $105M | 0.3% |
4,425,773
+2,335,625
| +112% | +$55.5M |
|
41
Dollar General
DG
$27.2B
| $103M | 0.3% |
1,864,732
+801,265
| +75% | +$46.6M |
|
42
Medtronic
MDT
$119B
| $103M | 0.3% |
1,673,091
-509,807
| -23% | -$29.7M |
|
43
Ameriprise Financial
AMP
$49.1B
| $102M | 0.3% |
928,049
+735,387
| +382% | +$80.5M |
|
44
Huntsman Corp
HUN
$1.75B
| $102M | 0.3% |
4,182,335
+1,414,717
| +51% | +$32.8M |
|
45
Las Vegas Sands
LVS
$30.5B
| $101M | 0.29% |
1,245,468
+273,822
| +28% | +$22M |
|
|
BEAM
46
DELISTED
BEAM INC COM STK (DE)
BEAM
| $97.8M | 0.28% |
1,174,563
+636,399
| +118% | +$51.8M |
|
47
Herc Holdings
HRI
$5.41B
| $97.7M | 0.28% |
1,222,703
+567,970
| +87% | +$45.8M |
|
48
Valero Energy
VLO
$100B
| $97.2M | 0.28% |
1,830,971
-800,181
| -30% | -$41M |
|
49
Marathon Petroleum
MPC
$101B
| $96.6M | 0.28% |
2,219,168
+508,794
| +30% | +$22.3M |
|
|
EGN
50
DELISTED
Energen
EGN
| $95.1M | 0.28% |
1,177,171
+363,137
| +45% | +$27.2M |
|
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.