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 | |
|---|---|---|---|---|---|---|
776
Cameco
CCJ
$44.5B
| $10.6M | 0.03% |
462,580
+225,897
| +95% | +$5.03M |
|
777
CALL
Petrobras
PBR
$120B
| $10.6M | 0.03% |
804,600
+461,800
| +135% | +$5.39M |
|
|
HOLX
778
DELISTED
Hologic
HOLX
| $10.5M | 0.03% |
486,755
+363,597
| +295% | +$7.84M |
|
779
Bank of America
BAC
$436B
| $10.5M | 0.03% |
608,001
-1,458,815
| -71% | -$24.5M |
|
|
WAC
780
PUT
DELISTED
Walter Investment Mgt Corp
WAC
| $10.5M | 0.03% |
350,500
+310,300
| +772% | +$9.32M |
|
781
M/I Homes
MHO
$3.84B
| $10.4M | 0.03% |
466,077
+227,503
| +95% | +$5.44M |
|
782
Scotiabank
BNS
$106B
| $10.4M | 0.03% |
+193,157
| New | +$10.3M |
|
|
ROSE
783
DELISTED
ROSETTA RESOURCES INC
ROSE
| $10.4M | 0.03% |
222,873
-34,385
| -13% | -$1.56M |
|
|
BWLD
784
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $10.3M | 0.03% |
69,493
+11,980
| +21% | +$1.7M |
|
785
Centene
CNC
$32.4B
| $10.3M | 0.03% |
664,456
-331,324
| -33% | -$5.13M |
|
|
MNTA
786
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $10.3M | 0.03% |
884,848
+233,493
| +36% | +$3.95M |
|
|
HT
787
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $10.3M | 0.03% |
441,820
+243,545
| +123% | +$5.43M |
|
|
VER
788
DELISTED
VEREIT, Inc.
VER
| $10.3M | 0.03% |
146,860
+15,605
| +12% | +$1.09M |
|
|
AVNR
789
CALL
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
| $10.3M | 0.03% |
2,804,000
+1,962,800
| +233% | +$7.48M |
|
790
IDEX
IEX
$17.2B
| $10.3M | 0.03% |
141,133
+58,289
| +70% | +$4.24M |
|
|
TRW
791
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $10.3M | 0.03% |
126,033
-122,306
| -49% | -$9.5M |
|
792
Macy's
M
$6.1B
| $10.3M | 0.03% |
173,089
-75,593
| -30% | -$4.2M |
|
793
Sysco
SYY
$40.1B
| $10.3M | 0.03% |
283,843
-1,714,478
| -86% | -$61.6M |
|
|
BLOX
794
DELISTED
Infoblox Inc
BLOX
| $10.2M | 0.03% |
510,343
+499,743
| +4,715% | +$13.8M |
|
795
AMC Entertainment Holdings
AMC
$2.38B
| $10.2M | 0.03% |
+42,153
| New | +$9.36M |
|
796
Glacier Bancorp
GBCI
$6.09B
| $10.2M | 0.03% |
351,553
+30,763
| +10% | +$866K |
|
797
Cencora
COR
$61.8B
| $10.2M | 0.03% |
155,644
+54,082
| +53% | +$3.68M |
|
798
Atmos Energy
ATO
$28.4B
| $10.2M | 0.03% |
216,160
+141,087
| +188% | +$6.5M |
|
|
ALJ
799
DELISTED
Alon USA Energy Inc
ALJ
| $10.2M | 0.03% |
679,451
+427,391
| +170% | +$6.45M |
|
|
RVNC
800
DELISTED
Revance Therapeutics, Inc.
RVNC
| $10.1M | 0.03% |
+321,082
| New | +$10M |
|
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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.