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 | |
|---|---|---|---|---|---|---|
51
AB InBev
BUD
$155B
| $95M | 0.28% |
901,743
+468,513
| +108% | +$47.5M |
|
|
SEMG
52
DELISTED
SEMGROUP CORPORATION
SEMG
| $94.8M | 0.27% |
1,443,400
+285,568
| +25% | +$18.2M |
|
|
GRFS
53
Grifois
GRFS
$5.44B
| $93.1M | 0.27% |
4,506,396
+854,122
| +23% | +$17M |
|
54
Pfizer
PFE
$160B
| $93M | 0.27% |
3,051,080
+1,041,831
| +52% | +$31.1M |
|
55
McDonald's
MCD
$192B
| $91.8M | 0.27% |
936,831
+210,420
| +29% | +$20.1M |
|
|
INVX
56
Innovex International
INVX
$2.05B
| $90.8M | 0.26% |
809,666
+322,896
| +66% | +$33.4M |
|
57
State Street
STT
$51.4B
| $90M | 0.26% |
1,293,755
+745,899
| +136% | +$51.6M |
|
|
TWC
58
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $89.8M | 0.26% |
654,256
-26,737
| -4% | -$3.66M |
|
59
AbbVie
ABBV
$468B
| $88.8M | 0.26% |
1,728,145
+1,284,689
| +290% | +$64.9M |
|
60
Exelon
EXC
$45.1B
| $88.4M | 0.26% |
3,692,303
+2,996,925
| +431% | +$63.1M |
|
|
RDC
61
DELISTED
Rowan Companies Plc
RDC
| $88.2M | 0.26% |
2,618,682
+962,079
| +58% | +$31.4M |
|
62
PUT
Invesco QQQ Trust
QQQ
$486B
| $87.7M | 0.25% |
1,000,000
+939,700
| +1,558% | +$83M |
|
63
Newell Brands
NWL
$2.59B
| $87.4M | 0.25% |
2,921,467
+2,851,410
| +4,070% | +$88.5M |
|
64
Ovintiv
OVV
$18.5B
| $86.6M | 0.25% |
810,486
+731,759
| +929% | +$69.3M |
|
|
STJ
65
DELISTED
St Jude Medical
STJ
| $86.6M | 0.25% |
1,324,281
+853,417
| +181% | +$55.6M |
|
66
CenterPoint Energy
CNP
$25.5B
| $86.3M | 0.25% |
3,644,128
+681,180
| +23% | +$16M |
|
67
Cheniere Energy
LNG
$57.3B
| $85.1M | 0.25% |
1,537,815
+325,124
| +27% | +$15.6M |
|
68
Danaher
DHR
$154B
| $85M | 0.25% |
1,686,425
-127,061
| -7% | -$6.47M |
|
69
Patterson-UTI
PTEN
$4.71B
| $82.1M | 0.24% |
2,590,173
+972,174
| +60% | +$27M |
|
|
ENDP
70
DELISTED
Endo International plc
ENDP
| $81.6M | 0.24% |
1,188,249
+270,459
| +29% | +$19.2M |
|
71
Archrock
AROC
$5.58B
| $81M | 0.23% |
1,844,869
+1,668,624
| +947% | +$62.2M |
|
|
SWN
72
DELISTED
Southwestern Energy Company
SWN
| $80.5M | 0.23% |
1,748,643
+1,619,985
| +1,259% | +$68M |
|
73
Crown Holdings
CCK
$13B
| $79.9M | 0.23% |
1,785,191
+343,596
| +24% | +$14.9M |
|
|
APC
74
DELISTED
Anadarko Petroleum
APC
| $79.6M | 0.23% |
939,565
+162,735
| +21% | +$13.3M |
|
75
EQT Corp
EQT
$33.6B
| $79.5M | 0.23% |
1,506,206
-657,155
| -30% | -$34.2M |
|
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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.