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 | |
|---|---|---|---|---|---|---|
501
CALL
NRG Energy
NRG
$23.8B
| $17.9M | 0.05% |
561,500
+553,300
| +6,748% | +$15.9M |
|
|
GWR
502
DELISTED
Genesee & Wyoming Inc.
GWR
| $17.8M | 0.05% |
183,248
-473,407
| -72% | -$44.8M |
|
|
SINA
503
PUT
DELISTED
Sina Corp
SINA
| $17.7M | 0.05% |
292,500
+287,700
| +5,994% | +$20.5M |
|
504
Constellium
CSTM
$3.66B
| $17.6M | 0.05% |
601,207
-12,890
| -2% | -$337K |
|
|
STI
505
DELISTED
SunTrust Banks, Inc.
STI
| $17.6M | 0.05% |
442,758
-843,470
| -66% | -$32.3M |
|
506
PUT
Cisco
CSCO
$438B
| $17.6M | 0.05% |
785,300
-100,200
| -11% | -$2.21M |
|
|
ECHO
507
EchoStar
ECHO
$25.2B
| $17.5M | 0.05% |
455,093
+194,750
| +75% | +$7.7M |
|
508
Morgan Stanley
MS
$336B
| $17.5M | 0.05% |
561,876
-507,721
| -47% | -$15.7M |
|
509
Texas Roadhouse
TXRH
$13.4B
| $17.5M | 0.05% |
669,301
+558,137
| +502% | +$14.4M |
|
|
CBL
510
DELISTED
CBL& Associates Properties, Inc.
CBL
| $17.4M | 0.05% |
982,652
+746,936
| +317% | +$13M |
|
|
SINA
511
DELISTED
Sina Corp
SINA
| $17.4M | 0.05% |
288,489
-527,869
| -65% | -$37.6M |
|
512
Aon
AON
$75.3B
| $17.4M | 0.05% |
206,545
+176,545
| +588% | +$14.7M |
|
|
ETFC
513
DELISTED
E*Trade Financial Corporation
ETFC
| $17.3M | 0.05% |
752,928
-1,233,129
| -62% | -$27M |
|
|
HNT
514
DELISTED
HEALTH NET INC
HNT
| $17.3M | 0.05% |
509,265
+302,444
| +146% | +$9.93M |
|
515
Canadian Solar
CSIQ
$988M
| $17.2M | 0.05% |
538,187
+308,016
| +134% | +$11.6M |
|
|
PXD
516
DELISTED
Pioneer Natural Resource Co.
PXD
| $17.2M | 0.05% |
91,744
-287,044
| -76% | -$52.4M |
|
|
EMC
517
DELISTED
EMC CORPORATION
EMC
| $17.2M | 0.05% |
625,867
-17,449
| -3% | -$454K |
|
518
Microchip Technology
MCHP
$41.3B
| $17.2M | 0.05% |
718,276
-224,304
| -24% | -$5.12M |
|
|
IOC
519
CALL
DELISTED
Interoil Corporation
IOC
| $17.1M | 0.05% |
+264,600
| New | +$14.6M |
|
|
CLVS
520
DELISTED
Clovis Oncology, Inc.
CLVS
| $17.1M | 0.05% |
247,008
+46,873
| +23% | +$3.44M |
|
|
CSG
521
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $17M | 0.05% |
2,183,196
+1,695,944
| +348% | +$13.3M |
|
|
OCR
522
DELISTED
OMNICARE INC
OCR
| $16.9M | 0.05% |
283,454
+273,330
| +2,700% | +$16.6M |
|
|
AVDL
523
DELISTED
Avadel Pharmaceuticals
AVDL
| $16.9M | 0.05% |
1,261,678
+1,080,910
| +598% | +$11.6M |
|
524
Dick's Sporting Goods
DKS
$16.4B
| $16.9M | 0.05% |
309,008
+263,878
| +585% | +$14.3M |
|
|
GNC
525
DELISTED
GNC Holdings, Inc.
GNC
| $16.8M | 0.05% |
382,103
+160,267
| +72% | +$7.93M |
|
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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.