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 | |
|---|---|---|---|---|---|---|
|
HMSY
676
DELISTED
HMS Holdings Corp.
HMSY
| $12.5M | 0.04% |
654,434
+394,829
| +152% | +$8.57M |
|
677
CoreCivic
CXW
$3.35B
| $12.4M | 0.04% |
395,699
+299,944
| +313% | +$9.89M |
|
678
SM Energy
SM
$8.68B
| $12.4M | 0.04% |
173,695
+141,259
| +436% | +$11.1M |
|
|
TW
679
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $12.3M | 0.04% |
107,830
+22,830
| +27% | +$2.66M |
|
680
Diamondrock Hospitality Co
DRH
$2.6B
| $12.3M | 0.04% |
1,046,243
+391,638
| +60% | +$4.68M |
|
681
JPMorgan Chase
JPM
$947B
| $12.3M | 0.04% |
201,929
-135,072
| -40% | -$7.81M |
|
|
NBSE
682
DELISTED
NeuBase Therapeutics, Inc. Common Stock
NBSE
| $12.2M | 0.04% |
+2,250
| New | +$11.8M |
|
683
PUT
Newmont
NEM
$139B
| $12.2M | 0.04% |
522,500
+158,900
| +44% | +$3.78M |
|
684
A.O. Smith
AOS
$8.54B
| $12.2M | 0.04% |
531,838
+310,646
| +140% | +$7.57M |
|
685
Principal Financial Group
PFG
$23.9B
| $12.2M | 0.04% |
265,783
+124,721
| +88% | +$5.71M |
|
|
ELNK
686
DELISTED
EarthLink Holdings Corp.
ELNK
| $12.2M | 0.04% |
3,383,486
+157,505
| +5% | +$673K |
|
|
NTUS
687
DELISTED
Natus Medical Inc
NTUS
| $12.2M | 0.04% |
473,262
+345,344
| +270% | +$8.7M |
|
688
Abercrombie & Fitch
ANF
$4.97B
| $12.2M | 0.04% |
316,976
+101,439
| +47% | +$3.71M |
|
689
CALL
Agnico Eagle Mines
AEM
$110B
| $12.2M | 0.04% |
403,100
+388,600
| +2,680% | +$12.2M |
|
690
Toll Brothers
TOL
$13.8B
| $12.2M | 0.04% |
338,863
+213,185
| +170% | +$7.85M |
|
691
Thomson Reuters
TRI
$47.1B
| $12.1M | 0.04% |
305,618
+86,529
| +39% | +$3.55M |
|
|
VMW
692
CALL
DELISTED
VMware, Inc
VMW
| $12.1M | 0.04% |
112,200
-165,600
| -60% | -$16.2M |
|
693
Rockwell Automation
ROK
$47.6B
| $12.1M | 0.04% |
97,224
-1,857
| -2% | -$220K |
|
694
Lam Research
LRCX
$387B
| $12M | 0.03% |
2,188,240
-1,791,350
| -45% | -$9.52M |
|
|
OUTR
695
DELISTED
OUTERWALL INC
OUTR
| $12M | 0.03% |
165,959
-109,259
| -40% | -$7.45M |
|
|
CYNO
696
DELISTED
Cynosure, Inc. Class A
CYNO
| $12M | 0.03% |
410,278
-189,210
| -32% | -$5.37M |
|
697
American Express
AXP
$228B
| $12M | 0.03% |
+133,378
| New | +$11.9M |
|
698
PUT
D.R. Horton
DHI
$41.7B
| $12M | 0.03% |
552,500
+600
| +0.1% | +$13.6K |
|
|
CBI
699
DELISTED
Chicago Bridge & Iron Nv
CBI
| $12M | 0.03% |
137,261
+66,002
| +93% | +$5.36M |
|
|
TCF
700
DELISTED
TCF Financial Corporation Common Stock
TCF
| $11.9M | 0.03% |
367,788
+172,519
| +88% | +$5.26M |
|
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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.