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 | |
|---|---|---|---|---|---|---|
726
Tesla
TSLA
$1.38T
| $11.4M | 0.03% |
+820,335
| New | +$11M |
|
|
CMRX
727
DELISTED
Chimerix, Inc.
CMRX
| $11.4M | 0.03% |
497,523
-711
| -0.1% | -$14.3K |
|
|
CA
728
DELISTED
CA, Inc.
CA
| $11.4M | 0.03% |
366,395
+109,241
| +42% | +$3.56M |
|
729
Maximus
MMS
$3.05B
| $11.3M | 0.03% |
252,928
+84,051
| +50% | +$3.8M |
|
730
Chipotle Mexican Grill
CMG
$48.1B
| $11.3M | 0.03% |
997,100
+86,950
| +10% | +$959K |
|
|
ARRS
731
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $11.3M | 0.03% |
401,966
+346,975
| +631% | +$9.47M |
|
|
POT
732
DELISTED
Potash Corp Of Saskatchewan
POT
| $11.3M | 0.03% |
312,683
+89,468
| +40% | +$3.01M |
|
733
Toronto Dominion Bank
TD
$193B
| $11.3M | 0.03% |
241,194
+225,994
| +1,487% | +$10.2M |
|
|
INXN
734
DELISTED
Interxion Holding N.V.
INXN
| $11.3M | 0.03% |
+472,105
| New | +$11.5M |
|
735
Rayonier
RYN
$6.31B
| $11.3M | 0.03% |
363,585
-283,457
| -44% | -$8.53M |
|
736
PUT
Netflix
NFLX
$333B
| $11.3M | 0.03% |
2,247,000
+735,000
| +49% | +$4.21M |
|
|
RCPT
737
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $11.3M | 0.03% |
+269,348
| New | +$11.6M |
|
|
NXTM
738
DELISTED
NxStage Medical Inc.
NXTM
| $11.3M | 0.03% |
884,191
-42,660
| -5% | -$556K |
|
|
INN
739
Summit Hotel Properties
INN
$662M
| $11.3M | 0.03% |
1,212,463
+213,210
| +21% | +$1.93M |
|
|
IM
740
DELISTED
Ingram Micro
IM
| $11.2M | 0.03% |
379,455
+114,396
| +43% | +$3.07M |
|
|
ITG
741
DELISTED
Investment Technology Group Inc
ITG
| $11.2M | 0.03% |
553,902
+506,505
| +1,069% | +$9.14M |
|
742
Cousins Properties
CUZ
$4.94B
| $11.2M | 0.03% |
345,416
-111,568
| -24% | -$3.46M |
|
|
PCL
743
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $11.2M | 0.03% |
+265,977
| New | +$11.4M |
|
|
TWX
744
DELISTED
Time Warner Inc
TWX
| $11.2M | 0.03% |
+178,490
| New | +$11.2M |
|
745
MSCI
MSCI
$41.5B
| $11.1M | 0.03% |
258,951
+139,676
| +117% | +$6.09M |
|
746
Aptiv
APTV
$9.83B
| $11.1M | 0.03% |
164,137
+154,437
| +1,592% | +$9.86M |
|
|
FLIR
747
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $11.1M | 0.03% |
309,006
-42,400
| -12% | -$1.4M |
|
|
IHS
748
DELISTED
IHS INC CL-A COM STK
IHS
| $11.1M | 0.03% |
+91,418
| New | +$10.8M |
|
749
Cinemark Holdings
CNK
$4.45B
| $11.1M | 0.03% |
382,602
+258,293
| +208% | +$7.75M |
|
750
CALL
Ulta Beauty
ULTA
$23.2B
| $11.1M | 0.03% |
113,800
-17,400
| -13% | -$1.57M |
|
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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.