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 | |
|---|---|---|---|---|---|---|
751
Werner Enterprises
WERN
$2.26B
| $11.1M | 0.03% |
434,489
+387,516
| +825% | +$9.92M |
|
752
PUT
Teekay
TK
$1.17B
| $11.1M | 0.03% |
196,900
+176,100
| +847% | +$9.57M |
|
753
CALL
Pitney Bowes
PBI
$2.27B
| $11.1M | 0.03% |
425,800
-241,700
| -36% | -$5.96M |
|
754
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.5B
| $11M | 0.03% |
+232,200
| New | +$11.9M |
|
|
IRC
755
DELISTED
INLAND REAL ESTATE CORP
IRC
| $11M | 0.03% |
1,044,869
+1,031,251
| +7,573% | +$10.8M |
|
756
Abbott
ABT
$202B
| $11M | 0.03% |
285,881
-1,449,244
| -84% | -$55.9M |
|
757
PUT
US Bancorp
USB
$97.3B
| $11M | 0.03% |
+256,300
| New | +$10.5M |
|
|
PPLI
758
People Inc
PPLI
$2.89B
| $11M | 0.03% |
858,302
+24,659
| +3% | +$317K |
|
|
759
CALL
US Bancorp
USB
$97.3B
| $11M | 0.03% |
+255,500
| New | +$10.5M |
|
760
TechnipFMC
FTI
$29.7B
| $10.9M | 0.03% |
280,955
-1,861,777
| -87% | -$70.5M |
|
761
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
| $10.9M | 0.03% |
100,000
-8,200
| -8% | -$875K |
|
762
Nucor
NUE
$55.5B
| $10.9M | 0.03% |
215,188
+186,588
| +652% | +$9.36M |
|
|
RYL
763
DELISTED
RYLAND GROUP INC
RYL
| $10.9M | 0.03% |
+272,232
| New | +$11.6M |
|
|
CST
764
DELISTED
CST Brands, Inc.
CST
| $10.9M | 0.03% |
+347,595
| New | +$11M |
|
765
Church & Dwight Co
CHD
$24.3B
| $10.8M | 0.03% |
313,950
-1,280,612
| -80% | -$42.5M |
|
766
JetBlue
JBLU
$1.87B
| $10.8M | 0.03% |
1,243,964
+359,687
| +41% | +$3.15M |
|
|
TAL
767
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $10.8M | 0.03% |
+251,810
| New | +$11.2M |
|
768
Accuray
ARAY
$32.4M
| $10.8M | 0.03% |
1,122,664
-771,095
| -41% | -$7.29M |
|
|
KRFT
769
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $10.7M | 0.03% |
191,578
-89,152
| -32% | -$4.84M |
|
|
ACGN
770
DELISTED
Aceragen Inc
ACGN
| $10.7M | 0.03% |
19,368
-5,572
| -22% | -$3.81M |
|
|
FL
771
DELISTED
Foot Locker
FL
| $10.7M | 0.03% |
228,216
-150,581
| -40% | -$6.25M |
|
772
Synopsys
SNPS
$75.5B
| $10.7M | 0.03% |
278,773
+250,272
| +878% | +$10M |
|
773
CALL
Microsoft
MSFT
$3.62T
| $10.7M | 0.03% |
261,100
-478,100
| -65% | -$17.9M |
|
774
IQVIA
IQV
$42.8B
| $10.7M | 0.03% |
209,859
+182,190
| +658% | +$9.18M |
|
775
Dycom Industries
DY
$11.4B
| $10.6M | 0.03% |
335,519
+237,957
| +244% | +$6.83M |
|
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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.