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 | |
|---|---|---|---|---|---|---|
951
Jack Henry & Associates
JKHY
$12.1B
| $7.8M | 0.02% |
139,870
+65,528
| +88% | +$3.76M |
|
|
XOMA
952
DELISTED
Xoma
XOMA
| $7.79M | 0.02% |
74,794
-16,198
| -18% | -$2.35M |
|
953
United Natural Foods
UNFI
$2.94B
| $7.75M | 0.02% |
+109,343
| New | +$7.79M |
|
954
COPT Defense Properties
CDP
$4.25B
| $7.72M | 0.02% |
289,702
-162,609
| -36% | -$4.16M |
|
955
CALL
Franco-Nevada
FNV
$52.1B
| $7.7M | 0.02% |
167,900
+62,900
| +60% | +$3.02M |
|
956
PUT
Target
TGT
$77.2B
| $7.68M | 0.02% |
127,000
+58,000
| +84% | +$3.44M |
|
957
CALL
Philip Morris
PM
$298B
| $7.66M | 0.02% |
93,600
-8,400
| -8% | -$679K |
|
|
TXNM
958
TXNM Energy Inc
TXNM
$5.88B
| $7.66M | 0.02% |
283,440
+191,244
| +207% | +$4.84M |
|
959
iShares MSCI Japan ETF
EWJ
$22.4B
| $7.66M | 0.02% |
+168,956
| New | +$7.79M |
|
960
Viavi Solutions
VIAV
$9.12B
| $7.66M | 0.02% |
961,199
+383,056
| +66% | +$2.89M |
|
961
NNN REIT
NNN
$8.89B
| $7.65M | 0.02% |
222,935
-458,184
| -67% | -$15.3M |
|
|
GLOG
962
DELISTED
GASLOG LTD
GLOG
| $7.65M | 0.02% |
328,432
-259,691
| -44% | -$5.45M |
|
|
SUSQ
963
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $7.64M | 0.02% |
671,929
+636,929
| +1,820% | +$7.24M |
|
|
SNDK
964
DELISTED
SANDISK CORP
SNDK
| $7.63M | 0.02% |
94,000
+75,371
| +405% | +$5.56M |
|
|
HSNI
965
DELISTED
HSN, Inc.
HSNI
| $7.63M | 0.02% |
127,655
+96,215
| +306% | +$5.59M |
|
|
SGY
966
CALL
DELISTED
Stone Energy
SGY
| $7.62M | 0.02% |
+3,196
| New | +$6.26M |
|
|
HIG.WS
967
DELISTED
Hartford Financial Services Grp
HIG.WS
| $7.6M | 0.02% |
285,000
| – | – |
|
|
BID
968
DELISTED
Sotheby's
BID
| $7.59M | 0.02% |
174,385
+91,134
| +109% | +$4.37M |
|
|
JOYY
969
JOYY Inc
JOYY
$3.7B
| $7.59M | 0.02% |
+99,340
| New | +$6.99M |
|
|
TEN
970
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $7.58M | 0.02% |
130,566
-117,256
| -47% | -$6.78M |
|
|
NBL
971
PUT
DELISTED
Noble Energy, Inc.
NBL
| $7.58M | 0.02% |
+106,700
| New | +$7.06M |
|
972
Signet Jewelers
SIG
$3.24B
| $7.58M | 0.02% |
71,565
+59,046
| +472% | +$5.16M |
|
|
POT
973
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $7.52M | 0.02% |
207,700
-8,500
| -4% | -$286K |
|
974
Gold Fields
GFI
$42.3B
| $7.52M | 0.02% |
2,036,752
+1,651,895
| +429% | +$6.09M |
|
|
PAY
975
DELISTED
Verifone Systems Inc
PAY
| $7.51M | 0.02% |
+222,023
| New | +$6.58M |
|
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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.