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 | |
|---|---|---|---|---|---|---|
851
Brookdale Senior Living
BKD
$2.89B
| $9.21M | 0.03% |
274,846
-626,493
| -70% | -$19M |
|
|
GG
852
PUT
DELISTED
Goldcorp Inc
GG
| $9.21M | 0.03% |
376,200
-24,800
| -6% | -$631K |
|
|
TIVO
853
DELISTED
Tivo Inc
TIVO
| $9.21M | 0.03% |
+404,087
| New | +$9.25M |
|
|
MJN
854
PUT
DELISTED
Mead Johnson Nutrition Company
MJN
| $9.2M | 0.03% |
110,700
+107,700
| +3,590% | +$8.73M |
|
855
Carpenter Technology
CRS
$23.6B
| $9.18M | 0.03% |
139,056
-786
| -0.6% | -$47.4K |
|
|
NSR
856
DELISTED
Neustar Inc
NSR
| $9.18M | 0.03% |
282,433
+170,016
| +151% | +$6.56M |
|
857
WisdomTree
WT
$3.61B
| $9.17M | 0.03% |
699,158
+623,254
| +821% | +$9.52M |
|
|
BHI
858
PUT
DELISTED
Baker Hughes
BHI
| $9.16M | 0.03% |
+140,900
| New | +$8.34M |
|
|
AIV
859
Aimco
AIV
$378M
| $9.16M | 0.03% |
2,275,500
-1,081,971
| -32% | -$4.15M |
|
860
Tandem Diabetes Care
TNDM
$1.55B
| $9.15M | 0.03% |
41,438
+16,319
| +65% | +$4.16M |
|
861
CALL
Best Buy
BBY
$18.4B
| $9.12M | 0.03% |
345,400
+319,800
| +1,249% | +$8.76M |
|
|
HK
862
PUT
DELISTED
Halcon Resources Corporation
HK
| $9.11M | 0.03% |
12,207
-275
| -2% | -$175K |
|
|
X
863
PUT
DELISTED
US Steel
X
| $9.11M | 0.03% |
+330,000
| New | +$8.65M |
|
864
Honda
HMC
$42.3B
| $9.1M | 0.03% |
257,350
+236,950
| +1,162% | +$8.83M |
|
865
PUT
Yum! Brands
YUM
$42.9B
| $9.05M | 0.03% |
167,059
-271,662
| -62% | -$14.3M |
|
|
CTXS
866
DELISTED
Citrix Systems Inc
CTXS
| $9.04M | 0.03% |
197,613
+180,077
| +1,027% | +$8.49M |
|
|
VMW
867
PUT
DELISTED
VMware, Inc
VMW
| $9.01M | 0.03% |
83,400
+69,500
| +500% | +$6.81M |
|
|
ADT
868
PUT
DELISTED
ADT Corp
ADT
| $9.01M | 0.03% |
300,700
+199,300
| +197% | +$6.58M |
|
869
Ionis Pharmaceuticals
IONS
$10.3B
| $9M | 0.03% |
208,381
+168,381
| +421% | +$8.16M |
|
870
MidCap Financial Investment
MFIC
$801M
| $9M | 0.03% |
361,155
+124,912
| +53% | +$3.22M |
|
|
CVA
871
DELISTED
Covanta Holding Corporation
CVA
| $8.97M | 0.03% |
496,908
-87,268
| -15% | -$1.54M |
|
|
SBNY
872
DELISTED
Signature Bank
SBNY
| $8.94M | 0.03% |
71,217
+55,978
| +367% | +$6.84M |
|
|
FCS
873
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $8.94M | 0.03% |
647,914
+401,081
| +162% | +$5.36M |
|
874
Mastercard
MA
$525B
| $8.93M | 0.03% |
119,505
-134,545
| -53% | -$10.5M |
|
875
Host Hotels & Resorts
HST
$15.9B
| $8.92M | 0.03% |
440,852
+248,265
| +129% | +$4.81M |
|
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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.