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 | |
|---|---|---|---|---|---|---|
|
VCRA
1051
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $6.67M | 0.02% |
408,436
+219,827
| +117% | +$3.71M |
|
1052
Xcel Energy
XEL
$48.3B
| $6.64M | 0.02% |
218,874
-629,453
| -74% | -$18.4M |
|
|
BLUE
1053
DELISTED
bluebird bio
BLUE
| $6.64M | 0.02% |
22,541
+17,657
| +362% | +$5.35M |
|
1054
PUT
HP
HPQ
$26.1B
| $6.64M | 0.02% |
451,630
-14,533
| -3% | -$195K |
|
|
THS
1055
DELISTED
Treehouse Foods
THS
| $6.59M | 0.02% |
91,613
+15,507
| +20% | +$1.07M |
|
|
IPG
1056
DELISTED
Interpublic Group of Companies
IPG
| $6.57M | 0.02% |
383,045
+101,292
| +36% | +$1.73M |
|
1057
International Flavors & Fragrances
IFF
$21.9B
| $6.56M | 0.02% |
68,602
-100,438
| -59% | -$9.03M |
|
|
1058
CALL
HP
HPQ
$26.1B
| $6.55M | 0.02% |
445,465
-12,991
| -3% | -$175K |
|
1059
Valmont Industries
VMI
$9.29B
| $6.54M | 0.02% |
+43,958
| New | +$6.5M |
|
|
PNRA
1060
CALL
DELISTED
Panera Bread Co
PNRA
| $6.51M | 0.02% |
+36,900
| New | +$6.54M |
|
|
USG
1061
DELISTED
Usg
USG
| $6.5M | 0.02% |
198,654
-73,328
| -27% | -$2.38M |
|
1062
Alexandria Real Estate Equities
ARE
$9.3B
| $6.5M | 0.02% |
89,569
+67,051
| +298% | +$4.71M |
|
|
DCH
1063
PUT
Dauch Corp
DCH
$1.53B
| $6.49M | 0.02% |
+350,500
| New | +$6.74M |
|
|
LORL
1064
DELISTED
Loral Space and Communications, Inc.
LORL
| $6.47M | 0.02% |
91,532
+4,867
| +6% | +$370K |
|
|
DNB
1065
DELISTED
Dun & Bradstreet
DNB
| $6.47M | 0.02% |
65,107
+54,322
| +504% | +$5.72M |
|
|
CLDT
1066
Chatham Lodging
CLDT
$642M
| $6.47M | 0.02% |
319,822
+35,793
| +13% | +$736K |
|
1067
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $6.45M | 0.02% |
68,372
+41,752
| +157% | +$3.92M |
|
1068
OneMain Financial
OMF
$7.23B
| $6.45M | 0.02% |
256,448
-37,781
| -13% | -$975K |
|
1069
Goldman Sachs
GS
$302B
| $6.45M | 0.02% |
+39,348
| New | +$6.62M |
|
|
ZGNX
1070
DELISTED
Zogenix, Inc.
ZGNX
| $6.43M | 0.02% |
282,363
-97,021
| -26% | -$3.16M |
|
1071
PUT
Lennar Class A
LEN
$21.2B
| $6.41M | 0.02% |
169,876
-369,062
| -68% | -$14.1M |
|
1072
Target
TGT
$77.2B
| $6.34M | 0.02% |
104,853
-34,562
| -25% | -$2.05M |
|
1073
DHT Holdings
DHT
$3.18B
| $6.33M | 0.02% |
813,223
+698,921
| +611% | +$5.44M |
|
|
GRA
1074
DELISTED
W.R. Grace & Co.
GRA
| $6.31M | 0.02% |
63,659
-2,712
| -4% | -$267K |
|
|
MDCO
1075
DELISTED
Medicines Co
MDCO
| $6.3M | 0.02% |
221,636
-303,430
| -58% | -$10M |
|
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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.