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 | |
|---|---|---|---|---|---|---|
651
Kilroy Realty
KRC
$4.25B
| $13M | 0.04% |
221,303
-85,867
| -28% | -$4.74M |
|
|
BBBY
652
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $12.9M | 0.04% |
188,100
+180,200
| +2,281% | +$12.2M |
|
653
T. Rowe Price
TROW
$23.8B
| $12.9M | 0.04% |
156,906
-288,780
| -65% | -$23.4M |
|
|
PWE
654
DELISTED
Penn West Energy Petroleum Ltd
PWE
| $12.9M | 0.04% |
1,541,165
+1,403,365
| +1,018% | +$11.3M |
|
655
Dine Brands
DIN
$454M
| $12.9M | 0.04% |
165,014
+102,986
| +166% | +$8.33M |
|
656
Thermo Fisher Scientific
TMO
$233B
| $12.9M | 0.04% |
107,139
+103,311
| +2,699% | +$12.3M |
|
657
Chord Energy
CHRD
$8.09B
| $12.9M | 0.04% |
308,353
+31,116
| +11% | +$1.32M |
|
658
Kohl's
KSS
$2B
| $12.9M | 0.04% |
226,556
+84,321
| +59% | +$4.52M |
|
659
Oracle
ORCL
$422B
| $12.8M | 0.04% |
314,037
-58,968
| -16% | -$2.24M |
|
660
O-I Glass
OI
$1.1B
| $12.8M | 0.04% |
+379,319
| New | +$12.6M |
|
661
Middleby
MIDD
$5.22B
| $12.8M | 0.04% |
+145,431
| New | +$12.7M |
|
|
CSOD
662
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $12.8M | 0.04% |
267,323
+186,591
| +231% | +$10.4M |
|
663
CALL
Netflix
NFLX
$331B
| $12.7M | 0.04% |
2,534,000
+1,995,000
| +370% | +$11.4M |
|
|
MMP
664
CALL
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $12.7M | 0.04% |
+182,200
| New | +$12.1M |
|
|
RAX
665
DELISTED
Rackspace Hosting Inc
RAX
| $12.7M | 0.04% |
+386,950
| New | +$13.9M |
|
666
Compass Minerals
CMP
$1.09B
| $12.7M | 0.04% |
+153,848
| New | +$12.7M |
|
|
XLS
667
DELISTED
EXELIS INC COM STK
XLS
| $12.7M | 0.04% |
713,711
-45,749
| -6% | -$844K |
|
|
DCH
668
Dauch Corp
DCH
$1.63B
| $12.7M | 0.04% |
683,672
+573,060
| +518% | +$11M |
|
669
Workday
WDAY
$49.4B
| $12.7M | 0.04% |
138,492
+64,785
| +88% | +$6.17M |
|
670
Broadcom
AVGO
$1.75T
| $12.7M | 0.04% |
1,963,930
+18,670
| +1% | +$109K |
|
671
PUT
SLB Ltd
SLB
$79.9B
| $12.6M | 0.04% |
+129,500
| New | +$11.7M |
|
672
Evercore
EVR
$11.2B
| $12.6M | 0.04% |
228,026
-65,941
| -22% | -$3.77M |
|
|
FSL
673
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $12.5M | 0.04% |
514,070
-368,638
| -42% | -$7.32M |
|
674
PUT
Starbucks
SBUX
$122B
| $12.5M | 0.04% |
340,600
+146,000
| +75% | +$5.4M |
|
675
Domino's
DPZ
$11.3B
| $12.5M | 0.04% |
162,057
+120,800
| +293% | +$8.9M |
|
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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.