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 | |
|---|---|---|---|---|---|---|
926
Aramark
ARMK
$15.6B
| $8.17M | 0.02% |
391,335
-82,142
| -17% | -$1.59M |
|
|
FMER
927
DELISTED
FIRSTMERIT CORP
FMER
| $8.17M | 0.02% |
392,260
+7,765
| +2% | +$164K |
|
|
UIL
928
DELISTED
UIL HOLDINGS
UIL
| $8.16M | 0.02% |
+221,691
| New | +$8.35M |
|
|
ZLC
929
DELISTED
ZALE CORPORATION
ZLC
| $8.12M | 0.02% |
388,248
+12,910
| +3% | +$234K |
|
930
Southwest Airlines
LUV
$19.9B
| $8.1M | 0.02% |
343,024
+292,692
| +582% | +$6.4M |
|
931
Invesco Solar ETF
TAN
$1.25B
| $8.07M | 0.02% |
+182,465
| New | +$7.83M |
|
|
932
LyondellBasell Industries
LYB
$21.1B
| $8.06M | 0.02% |
90,640
-1,247,839
| -93% | -$105M |
|
933
W.R. Berkley
WRB
$25.9B
| $8.03M | 0.02% |
651,439
+258,619
| +66% | +$3.12M |
|
|
SD
934
PUT
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $7.95M | 0.02% |
+1,295,400
| New | +$8.09M |
|
935
CALL
iShares MSCI Japan ETF
EWJ
$22.4B
| $7.94M | 0.02% |
+175,250
| New | +$8.08M |
|
|
STR
936
DELISTED
QUESTAR CORP
STR
| $7.92M | 0.02% |
+333,084
| New | +$7.76M |
|
|
TGNA
937
DELISTED
TEGNA Inc
TGNA
| $7.91M | 0.02% |
547,902
+158,168
| +41% | +$2.35M |
|
938
FerroAtlántica
GSM
$757M
| $7.91M | 0.02% |
379,734
-176,393
| -32% | -$3.35M |
|
939
Skyworks Solutions
SWKS
$10.1B
| $7.9M | 0.02% |
210,527
-50,356
| -19% | -$1.66M |
|
940
Blackrock
BLK
$182B
| $7.89M | 0.02% |
25,100
-8,049
| -24% | -$2.46M |
|
941
Brink's
BCO
$4.65B
| $7.86M | 0.02% |
+275,449
| New | +$8.65M |
|
|
ATRS
942
DELISTED
Antares Pharma, Inc.
ATRS
| $7.86M | 0.02% |
2,246,616
+103,217
| +5% | +$458K |
|
943
PBF Energy
PBF
$8.24B
| $7.86M | 0.02% |
304,743
+292,902
| +2,474% | +$7.78M |
|
944
Methanex
MEOH
$4.57B
| $7.84M | 0.02% |
122,587
-432,513
| -78% | -$27.3M |
|
945
FuelCell Energy
FCEL
$1.5B
| $7.81M | 0.02% |
729
+725
| +18,125% | +$6.29M |
|
946
Acuity Brands
AYI
$10.1B
| $7.81M | 0.02% |
+58,904
| New | +$7.78M |
|
|
WW
947
PUT
DELISTED
WW International
WW
| $7.81M | 0.02% |
380,100
+263,300
| +225% | +$6.66M |
|
|
VTSS
948
DELISTED
VITESSE SEMICONDUCTOR CORPORATION COMMON STOCK
VTSS
| $7.81M | 0.02% |
1,858,822
+98,222
| +6% | +$364K |
|
|
MWV
949
DELISTED
MEADWESTVACO CORP
MWV
| $7.8M | 0.02% |
207,351
+184,890
| +823% | +$6.72M |
|
|
OVTI
950
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $7.8M | 0.02% |
+440,868
| New | +$7.16M |
|
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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.