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 | |
|---|---|---|---|---|---|---|
901
RPM International
RPM
$13.6B
| $8.43M | 0.02% |
+201,473
| New | +$8.3M |
|
902
CALL
State Street SPDR S&P Retail ETF
XRT
$329M
| $8.43M | 0.02% |
+200,000
| New | +$8.37M |
|
|
GLUU
903
DELISTED
Glu Mobile Inc.
GLUU
| $8.39M | 0.02% |
1,771,114
+1,267,938
| +252% | +$5.85M |
|
904
Sprouts Farmers Market
SFM
$8.03B
| $8.38M | 0.02% |
232,649
+69,936
| +43% | +$2.57M |
|
905
Capital One
COF
$133B
| $8.38M | 0.02% |
108,596
-174,371
| -62% | -$12.8M |
|
906
Celanese
CE
$4.97B
| $8.35M | 0.02% |
150,402
-257,080
| -63% | -$13.7M |
|
907
Tyler Technologies
TYL
$14.6B
| $8.34M | 0.02% |
99,706
+84,299
| +547% | +$8.14M |
|
|
AL
908
DELISTED
Air Lease Corp
AL
| $8.34M | 0.02% |
223,663
-150,864
| -40% | -$5.12M |
|
909
West Pharmaceutical
WST
$24.9B
| $8.3M | 0.02% |
188,428
+183,366
| +3,622% | +$8.63M |
|
910
CALL
Comcast
CMCSA
$95.9B
| $8.3M | 0.02% |
331,600
+131,600
| +66% | +$3.43M |
|
|
BRFS
911
DELISTED
BRF SA
BRFS
| $8.29M | 0.02% |
415,146
-101,788
| -20% | -$1.86M |
|
912
CONMED
CNMD
$1.54B
| $8.29M | 0.02% |
190,842
+158,982
| +499% | +$7.08M |
|
913
Walmart Inc
WMT
$847B
| $8.29M | 0.02% |
325,290
-343,221
| -51% | -$8.62M |
|
914
LXP Industrial Trust
LXP
$3.6B
| $8.27M | 0.02% |
151,664
-231,198
| -60% | -$12.5M |
|
915
Trex
TREX
$4.82B
| $8.26M | 0.02% |
903,320
+869,648
| +2,583% | +$7.78M |
|
916
Moody's
MCO
$88.6B
| $8.24M | 0.02% |
103,897
-577,935
| -85% | -$45.3M |
|
|
BEE
917
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
| $8.23M | 0.02% |
807,308
+296,326
| +58% | +$2.89M |
|
918
Stanley Black & Decker
SWK
$14.9B
| $8.22M | 0.02% |
101,231
-76,563
| -43% | -$6.14M |
|
|
VMW
919
DELISTED
VMware, Inc
VMW
| $8.22M | 0.02% |
76,060
-152,337
| -67% | -$14.9M |
|
|
RKUS
920
DELISTED
RUCKUS WIRELESS INC COM STK (DE)
RKUS
| $8.21M | 0.02% |
675,342
+605,697
| +870% | +$8.35M |
|
921
Hormel Foods
HRL
$13.3B
| $8.21M | 0.02% |
333,184
+123,722
| +59% | +$2.85M |
|
922
CALL
Tapestry
TPR
$26.4B
| $8.19M | 0.02% |
165,000
+118,900
| +258% | +$5.92M |
|
|
ENZY
923
DELISTED
Enzymotec Ltd
ENZY
| $8.19M | 0.02% |
+372,058
| New | +$9.86M |
|
|
TWTC
924
DELISTED
TW TELECOM INC CL A COM
TWTC
| $8.19M | 0.02% |
261,954
+243,516
| +1,321% | +$7.37M |
|
|
DRC
925
DELISTED
DRESSER-RAND GROUP INC
DRC
| $8.18M | 0.02% |
140,025
-135,090
| -49% | -$7.69M |
|
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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.