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 | |
|---|---|---|---|---|---|---|
626
Yelp
YELP
$1.27B
| $13.8M | 0.04% |
179,228
+164,065
| +1,082% | +$13.9M |
|
627
AutoZone
AZO
$48.3B
| $13.8M | 0.04% |
25,638
+23,838
| +1,324% | +$12.4M |
|
628
Fortune Brands Innovations
FBIN
$5.32B
| $13.8M | 0.04% |
382,348
-131,367
| -26% | -$5.05M |
|
|
WCG
629
DELISTED
Wellcare Health Plans, Inc.
WCG
| $13.7M | 0.04% |
215,752
+198,727
| +1,167% | +$12.9M |
|
|
FMBI
630
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $13.7M | 0.04% |
801,879
+622,211
| +346% | +$10.5M |
|
631
Jones Lang LaSalle
JLL
$17.8B
| $13.7M | 0.04% |
115,367
+112,331
| +3,700% | +$12.9M |
|
632
AtriCure
ATRC
$2.49B
| $13.6M | 0.04% |
724,498
+507,647
| +234% | +$10.4M |
|
633
PACCAR
PCAR
$69B
| $13.6M | 0.04% |
+301,853
| New | +$12.4M |
|
634
Humana
HUM
$45.5B
| $13.5M | 0.04% |
120,023
+71,997
| +150% | +$7.5M |
|
|
MDVN
635
DELISTED
MEDIVATION, INC.
MDVN
| $13.5M | 0.04% |
419,274
+394,474
| +1,591% | +$14.6M |
|
|
MNK
636
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $13.5M | 0.04% |
212,665
+182,324
| +601% | +$11.5M |
|
637
Cisco
CSCO
$438B
| $13.5M | 0.04% |
600,205
+403,505
| +205% | +$8.92M |
|
|
K
638
CALL
DELISTED
Kellanova
K
| $13.4M | 0.04% |
+227,591
| New | +$12.9M |
|
|
MDSO
639
DELISTED
Medidata Solutions, Inc.
MDSO
| $13.3M | 0.04% |
245,232
+244,132
| +22,194% | +$14.9M |
|
|
OREX
640
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $13.3M | 0.04% |
204,957
-44,944
| -18% | -$3.04M |
|
|
DNY
641
DELISTED
DONNELLEY R R & SONS CO
DNY
| $13.3M | 0.04% |
742,328
+339,791
| +84% | +$6.08M |
|
642
Telefônica Brasil
VIV
$18.3B
| $13.3M | 0.04% |
625,145
+562,445
| +897% | +$10.8M |
|
|
BDN
643
Brandywine Realty Trust
BDN
$522M
| $13.3M | 0.04% |
916,775
+760,471
| +487% | +$10.8M |
|
644
Gerdau
GGB
$8.5B
| $13.3M | 0.04% |
2,604,724
+1,269,939
| +95% | +$6.74M |
|
645
Nike
NKE
$60.5B
| $13.2M | 0.04% |
358,718
+125,902
| +54% | +$4.76M |
|
646
Texas Instruments
TXN
$241B
| $13.2M | 0.04% |
+279,321
| New | +$12.3M |
|
647
Agree Realty
ADC
$9.19B
| $13.1M | 0.04% |
432,226
+243,714
| +129% | +$7.26M |
|
|
XNPT
648
DELISTED
XENOPORT, INC.
XNPT
| $13.1M | 0.04% |
2,532,477
+1,361,710
| +116% | +$8.21M |
|
649
CALL
AstraZeneca
AZN
$257B
| $13.1M | 0.04% |
+201,200
| New | +$13M |
|
|
650
CALL
Devon Energy
DVN
$54B
| $13M | 0.04% |
194,700
+191,400
| +5,800% | +$11.9M |
|
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.