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 | |
|---|---|---|---|---|---|---|
701
Transocean
RIG
$6.42B
| $11.9M | 0.03% |
287,946
+156,235
| +119% | +$6.79M |
|
702
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $11.9M | 0.03% |
148,566
+1,726
| +1% | +$138K |
|
703
Carnival Corporation Ltd
CCL
$35.4B
| $11.9M | 0.03% |
313,939
+295,331
| +1,587% | +$11.7M |
|
|
CHK
704
CALL
DELISTED
Chesapeake Energy Corporation
CHK
| $11.8M | 0.03% |
2,443
-1,299
| -35% | -$6.33M |
|
|
VRNG
705
DELISTED
VRINGO, INC COM STK NEW (DE)
VRNG
| $11.8M | 0.03% |
340,893
+2,918
| +0.9% | +$110K |
|
|
RFMD
706
DELISTED
RF MICRO DEVICES INC
RFMD
| $11.8M | 0.03% |
1,492,721
+259,677
| +21% | +$1.6M |
|
707
Steven Madden
SHOO
$3.35B
| $11.8M | 0.03% |
490,359
+295,747
| +152% | +$6.85M |
|
|
X
708
DELISTED
US Steel
X
| $11.8M | 0.03% |
425,888
-326,239
| -43% | -$8.55M |
|
|
HTWR
709
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $11.7M | 0.03% |
125,119
-26,616
| -18% | -$2.59M |
|
710
Barclays
BCS
$90.7B
| $11.7M | 0.03% |
+806,458
| New | +$12.9M |
|
711
Sensata Technologies
ST
$6.09B
| $11.7M | 0.03% |
274,393
+104,332
| +61% | +$4.16M |
|
712
CALL
FTI Consulting
FCN
$4.31B
| $11.7M | 0.03% |
+350,500
| New | +$12.3M |
|
|
FRX
713
CALL
DELISTED
FOREST LABORATORIES INC
FRX
| $11.7M | 0.03% |
126,500
-82,600
| -40% | -$6.66M |
|
714
Ericsson
ERIC
$33.2B
| $11.6M | 0.03% |
872,020
-218,641
| -20% | -$2.73M |
|
|
WDR
715
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $11.6M | 0.03% |
157,877
-58,184
| -27% | -$4M |
|
716
PUT
Southern Copper
SCCO
$180B
| $11.6M | 0.03% |
+435,353
| New | +$11.6M |
|
717
BWX Technologies
BWXT
$13.8B
| $11.6M | 0.03% |
488,105
+254,740
| +109% | +$6.15M |
|
718
PUT
Walmart Inc
WMT
$847B
| $11.5M | 0.03% |
+451,500
| New | +$11.3M |
|
|
JWN
719
DELISTED
Nordstrom
JWN
| $11.5M | 0.03% |
184,126
+111,892
| +155% | +$6.74M |
|
720
Akamai
AKAM
$15.2B
| $11.5M | 0.03% |
197,125
+171,542
| +671% | +$9.47M |
|
|
BEAV
721
DELISTED
B/E Aerospace Inc
BEAV
| $11.5M | 0.03% |
182,523
-96,146
| -35% | -$5.82M |
|
|
722
CALL
Walmart Inc
WMT
$847B
| $11.5M | 0.03% |
+450,000
| New | +$11.3M |
|
723
Amazon
AMZN
$2.83T
| $11.5M | 0.03% |
681,220
-3,398,360
| -83% | -$63.1M |
|
724
Hanover Insurance
THG
$7.91B
| $11.4M | 0.03% |
186,336
+92,363
| +98% | +$5.41M |
|
|
SNV
725
DELISTED
Synovus
SNV
| $11.4M | 0.03% |
480,919
+234,566
| +95% | +$5.7M |
|
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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.