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 | |
|---|---|---|---|---|---|---|
|
YHOO
76
DELISTED
Yahoo Inc
YHOO
| $78.2M | 0.23% |
2,178,459
+336,716
| +18% | +$12.8M |
|
77
Zions Bancorporation
ZION
$9.95B
| $77.4M | 0.22% |
2,499,378
+1,459,048
| +140% | +$44.3M |
|
78
Bausch Health
BHC
$2.41B
| $75.9M | 0.22% |
+575,504
| New | +$78.7M |
|
79
Universal Health Services
UHS
$10.4B
| $74.9M | 0.22% |
912,097
+126,358
| +16% | +$10.2M |
|
80
eBay
EBAY
$46.3B
| $74.7M | 0.22% |
3,213,982
+2,824,031
| +724% | +$65.6M |
|
81
Nabors Industries
NBR
$1.37B
| $74.4M | 0.22% |
60,386
+10,443
| +21% | +$10.4M |
|
82
Merck
MRK
$376B
| $73M | 0.21% |
1,348,146
+1,308,150
| +3,271% | +$67.7M |
|
|
RICE
83
DELISTED
Rice Energy Inc.
RICE
| $72.5M | 0.21% |
+2,746,267
| New | +$66.8M |
|
84
Bloomin' Brands
BLMN
$996M
| $72.2M | 0.21% |
2,993,932
+1,726,234
| +136% | +$40.9M |
|
85
Portland General Electric
POR
$5.83B
| $71.8M | 0.21% |
2,220,829
-286,655
| -11% | -$8.82M |
|
|
WNR
86
DELISTED
Western Refining Inc
WNR
| $70.8M | 0.21% |
1,834,476
+565,960
| +45% | +$22.2M |
|
|
TWC
87
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $69.4M | 0.2% |
506,000
+321,200
| +174% | +$43.9M |
|
88
Eversource Energy
ES
$26.4B
| $69.2M | 0.2% |
1,521,104
-1,128,438
| -43% | -$49.3M |
|
89
Healthpeak Properties
DOC
$14.8B
| $68.8M | 0.2% |
1,948,758
+1,813,759
| +1,344% | +$62.6M |
|
90
PPG Industries
PPG
$25.3B
| $68.3M | 0.2% |
705,680
+526,814
| +295% | +$50M |
|
|
CXO
91
DELISTED
CONCHO RESOURCES INC.
CXO
| $67.9M | 0.2% |
554,291
+320,104
| +137% | +$35.2M |
|
|
JNPR
92
DELISTED
Juniper Networks
JNPR
| $67.8M | 0.2% |
2,633,530
+2,416,242
| +1,112% | +$63.1M |
|
93
Citigroup
C
$221B
| $66.4M | 0.19% |
1,394,631
+188,066
| +16% | +$9.37M |
|
|
ATW
94
DELISTED
Atwood Oceanics
ATW
| $65.9M | 0.19% |
1,308,697
+1,113,711
| +571% | +$53.9M |
|
95
NetApp
NTAP
$37.7B
| $65.9M | 0.19% |
1,786,396
+947,773
| +113% | +$38.3M |
|
96
SLB Ltd
SLB
$79.9B
| $65.8M | 0.19% |
674,628
+549,101
| +437% | +$49.7M |
|
97
Ironwood Pharmaceuticals
IRWD
$709M
| $65.4M | 0.19% |
6,338,237
+5,401,084
| +576% | +$60.7M |
|
98
Honeywell
HON
$68.4B
| $64.3M | 0.19% |
771,672
+614,961
| +392% | +$50.9M |
|
|
SWFT
99
DELISTED
Swift Transportation Company
SWFT
| $63.6M | 0.18% |
2,570,086
+815,607
| +46% | +$18.9M |
|
100
Trinity Industries
TRN
$2.37B
| $63.5M | 0.18% |
2,446,318
+1,929,018
| +373% | +$44.5M |
|
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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.