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 | |
|---|---|---|---|---|---|---|
551
Xylem
XYL
$26.5B
| $16.3M | 0.05% |
446,975
+83,393
| +23% | +$3.04M |
|
552
Travelers Companies
TRV
$75.8B
| $16.3M | 0.05% |
191,116
+77,864
| +69% | +$6.55M |
|
553
CALL
DaVita
DVA
$11.1B
| $16.2M | 0.05% |
235,700
+104,300
| +79% | +$6.93M |
|
|
ESC
554
DELISTED
EMERITUS CORP
ESC
| $16.2M | 0.05% |
515,662
-144,749
| -22% | -$3.75M |
|
555
FNB Corp
FNB
$6.6B
| $16.1M | 0.05% |
1,204,934
+900,568
| +296% | +$11.2M |
|
556
DexCom
DXCM
$34.8B
| $16.1M | 0.05% |
1,561,148
+726,356
| +87% | +$7.51M |
|
|
CIVI
557
DELISTED
Civitas Resources
CIVI
| $16.1M | 0.05% |
3,243
+1,822
| +128% | +$9.13M |
|
558
Textron
TXT
$14.3B
| $16.1M | 0.05% |
408,871
+54,790
| +15% | +$2.05M |
|
559
Heartland Express
HTLD
$993M
| $16M | 0.05% |
705,988
+565,325
| +402% | +$11.8M |
|
560
Magna International
MGA
$19.5B
| $15.9M | 0.05% |
330,330
+312,126
| +1,715% | +$13.9M |
|
|
RATE
561
DELISTED
Bankrate Inc
RATE
| $15.8M | 0.05% |
935,006
+508,665
| +119% | +$8.91M |
|
|
SALE
562
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $15.8M | 0.05% |
494,952
+426,200
| +620% | +$15.8M |
|
|
ICPT
563
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $15.8M | 0.05% |
+48,000
| New | +$16.2M |
|
|
WWAV
564
DELISTED
The WhiteWave Foods Company
WWAV
| $15.8M | 0.05% |
554,515
+352,071
| +174% | +$9.31M |
|
|
HAR
565
DELISTED
Harman International Industries
HAR
| $15.8M | 0.05% |
148,028
+3,760
| +3% | +$375K |
|
566
PG&E
PCG
$38.8B
| $15.7M | 0.05% |
362,532
-38,157
| -10% | -$1.62M |
|
|
INFA
567
DELISTED
INFORMATICA CORP
INFA
| $15.6M | 0.05% |
412,895
-403,510
| -49% | -$16.3M |
|
568
Microsoft
MSFT
$3.59T
| $15.5M | 0.05% |
379,319
+239,777
| +172% | +$9M |
|
|
GOLD
569
DELISTED
Randgold Resources Ltd
GOLD
| $15.5M | 0.05% |
210,375
-114,662
| -35% | -$8.37M |
|
570
EPR Properties
EPR
$4.62B
| $15.5M | 0.05% |
+290,791
| New | +$15M |
|
|
CHTP
571
DELISTED
CHELSEA THERAPEUTICS INT'L LTD
CHTP
| $15.4M | 0.04% |
2,793,628
+2,732,953
| +4,504% | +$13.7M |
|
|
QIHU
572
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $15.3M | 0.04% |
153,794
-121,822
| -44% | -$12.2M |
|
573
PUT
lululemon athletica
LULU
$13.7B
| $15.3M | 0.04% |
290,600
-62,000
| -18% | -$3.09M |
|
574
Madison Square Garden
MSGS
$9.78B
| $15.3M | 0.04% |
377,015
+136,557
| +57% | +$5.61M |
|
|
CQH
575
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $15.1M | 0.04% |
+701,541
| New | +$13.7M |
|
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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.