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 | |
|---|---|---|---|---|---|---|
|
SOHU
1001
Sohu.com
SOHU
$379M
| $7.27M | 0.02% |
+111,654
| New | +$8.25M |
|
1002
CBRE Group
CBRE
$44B
| $7.26M | 0.02% |
264,528
+222,355
| +527% | +$5.99M |
|
1003
Martin Marietta Materials
MLM
$32B
| $7.25M | 0.02% |
56,486
-21,620
| -28% | -$2.49M |
|
|
OKS
1004
DELISTED
Oneok Partners LP
OKS
| $7.23M | 0.02% |
+135,000
| New | +$7.17M |
|
|
TVTY
1005
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $7.22M | 0.02% |
421,118
-245,402
| -37% | -$3.78M |
|
1006
Credicorp
BAP
$30.2B
| $7.21M | 0.02% |
+54,332
| New | +$6.81M |
|
|
LO
1007
DELISTED
LORILLARD INC COM STK
LO
| $7.19M | 0.02% |
133,023
-469,663
| -78% | -$23.6M |
|
|
KW
1008
DELISTED
Kennedy-Wilson Holdings
KW
| $7.19M | 0.02% |
319,300
+214,717
| +205% | +$5.09M |
|
|
X
1009
CALL
DELISTED
US Steel
X
| $7.18M | 0.02% |
+260,000
| New | +$6.82M |
|
1010
Merit Medical Systems
MMSI
$5.39B
| $7.18M | 0.02% |
501,945
+419,450
| +508% | +$6.23M |
|
|
BBG
1011
CALL
DELISTED
Bill Barrett Corp
BBG
| $7.18M | 0.02% |
+280,400
| New | +$7.18M |
|
1012
PUT
MannKind Corp
MNKD
$1.31B
| $7.17M | 0.02% |
+356,480
| New | +$10.1M |
|
1013
Deutsche Bank
DB
$72.2B
| $7.14M | 0.02% |
187,067
+165,028
| +749% | +$6.73M |
|
|
VTLE
1014
DELISTED
Vital Energy
VTLE
| $7.13M | 0.02% |
13,791
-156,359
| -92% | -$79.9M |
|
1015
Synaptics
SYNA
$3.66B
| $7.13M | 0.02% |
+118,793
| New | +$7.05M |
|
|
WIN
1016
DELISTED
Windstream Holdings Inc
WIN
| $7.09M | 0.02% |
109,880
+103,247
| +1,557% | +$6.4M |
|
|
ABB
1017
DELISTED
ABB Ltd
ABB
| $7.09M | 0.02% |
274,833
+140,613
| +105% | +$3.58M |
|
1018
OFG Bancorp
OFG
$2.21B
| $7.08M | 0.02% |
411,606
-284,848
| -41% | -$4.55M |
|
1019
PUT
American Tower
AMT
$83.1B
| $7.07M | 0.02% |
86,400
+50,800
| +143% | +$4.14M |
|
1020
CALL
Capital One
COF
$133B
| $7.05M | 0.02% |
91,400
+88,100
| +2,670% | +$6.47M |
|
1021
Cheesecake Factory
CAKE
$5.7B
| $7.04M | 0.02% |
147,754
+42,329
| +40% | +$1.97M |
|
1022
Ciena
CIEN
$52.7B
| $7.04M | 0.02% |
309,411
+292,373
| +1,716% | +$6.88M |
|
|
IMOS
1023
ChipMOS TECHNOLOGIES
IMOS
$1.89B
| $7.03M | 0.02% |
289,275
+31,661
| +12% | +$724K |
|
|
SLH
1024
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $7.02M | 0.02% |
110,840
-727
| -0.7% | -$49K |
|
|
RAX
1025
CALL
DELISTED
Rackspace Hosting Inc
RAX
| $7.02M | 0.02% |
213,800
-4,800
| -2% | -$172K |
|
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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.