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 | |
|---|---|---|---|---|---|---|
526
Revvity
RVTY
$13.9B
| $16.8M | 0.05% |
372,680
+177,102
| +91% | +$7.77M |
|
527
PUT
Intel
INTC
$476B
| $16.8M | 0.05% |
+649,900
| New | +$16.2M |
|
528
PUT
Pultegroup
PHM
$24.6B
| $16.8M | 0.05% |
873,400
-2,300
| -0.3% | -$45.4K |
|
|
TIVO
529
DELISTED
TIVO INC
TIVO
| $16.7M | 0.05% |
1,265,510
+363,477
| +40% | +$4.68M |
|
|
DBD
530
DELISTED
Diebold Nixdorf Incorporated
DBD
| $16.7M | 0.05% |
419,500
+372,054
| +784% | +$13.4M |
|
|
ULTI
531
DELISTED
Ultimate Software Group Inc
ULTI
| $16.7M | 0.05% |
121,688
+45,699
| +60% | +$7.17M |
|
532
Tractor Supply
TSCO
$18.2B
| $16.7M | 0.05% |
1,179,170
+1,047,465
| +795% | +$14.8M |
|
533
T-Mobile US
TMUS
$196B
| $16.7M | 0.05% |
504,241
+209,927
| +71% | +$6.65M |
|
534
Sprott Physical Gold and Silver Trust
CEF
$8.29B
| $16.7M | 0.05% |
1,210,161
+964,754
| +393% | +$13.7M |
|
|
EPL
535
DELISTED
EPL OIL & GAS, INC COMMON STK
EPL
| $16.6M | 0.05% |
430,796
+157,993
| +58% | +$4.83M |
|
536
UDR
UDR
$12.1B
| $16.6M | 0.05% |
643,194
+369,653
| +135% | +$9.25M |
|
|
EXL
537
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $16.6M | 0.05% |
1,307,618
+1,015,724
| +348% | +$12.1M |
|
538
Vertex Pharmaceuticals
VRTX
$139B
| $16.5M | 0.05% |
233,814
+123,763
| +112% | +$9.8M |
|
|
VALE.P
539
DELISTED
Vale S A
VALE.P
| $16.5M | 0.05% |
+1,327,109
| New | +$16.3M |
|
540
International Paper
IP
$22B
| $16.5M | 0.05% |
385,436
+156,765
| +69% | +$6.97M |
|
|
HLSS
541
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $16.5M | 0.05% |
764,455
-45,815
| -6% | -$977K |
|
542
Newmont
NEM
$139B
| $16.5M | 0.05% |
702,366
-529,070
| -43% | -$12.6M |
|
|
VAL
543
DELISTED
Valspar
VAL
| $16.4M | 0.05% |
227,837
+94,202
| +70% | +$6.82M |
|
544
CALL
Simon Property Group
SPG
$70.6B
| $16.4M | 0.05% |
106,300
-53,150
| -33% | -$7.92M |
|
545
CALL
Edwards Lifesciences
EW
$51.8B
| $16.4M | 0.05% |
1,324,800
+706,800
| +114% | +$8.16M |
|
546
NXP Semiconductors
NXPI
$56.9B
| $16.3M | 0.05% |
277,836
-147,380
| -35% | -$7.69M |
|
|
CTXS
547
PUT
DELISTED
Citrix Systems Inc
CTXS
| $16.3M | 0.05% |
+357,024
| New | +$16.8M |
|
548
Eagle Materials
EXP
$6.35B
| $16.3M | 0.05% |
183,872
-168,052
| -48% | -$13.9M |
|
|
RHT
549
DELISTED
Red Hat Inc
RHT
| $16.3M | 0.05% |
307,674
-194,006
| -39% | -$11.2M |
|
550
Oil States International
OIS
$522M
| $16.3M | 0.05% |
288,939
-178,131
| -38% | -$9.87M |
|
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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.