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 | |
|---|---|---|---|---|---|---|
|
VISN
1076
PUT
Vistance Networks Inc
VISN
$2.5B
| $6.29M | 0.02% |
+254,900
| New | +$5.22M |
|
|
ZU
1077
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $6.28M | 0.02% |
+125,043
| New | +$6.04M |
|
|
TQNT
1078
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $6.26M | 0.02% |
467,490
+395,038
| +545% | +$4.1M |
|
1079
Cracker Barrel
CBRL
$1.3B
| $6.25M | 0.02% |
64,233
+59,441
| +1,240% | +$5.99M |
|
1080
CALL
Southern Company
SO
$104B
| $6.24M | 0.02% |
142,100
+42,100
| +42% | +$1.76M |
|
1081
Banco Bradesco
BBD
$34.3B
| $6.24M | 0.02% |
1,164,408
+367,183
| +46% | +$1.66M |
|
1082
BioCryst Pharmaceuticals
BCRX
$2.47B
| $6.24M | 0.02% |
589,752
-54,003
| -8% | -$576K |
|
1083
CALL
Ford
F
$55.5B
| $6.24M | 0.02% |
+400,000
| New | +$6.19M |
|
|
CPN
1084
DELISTED
Calpine Corporation
CPN
| $6.24M | 0.02% |
298,320
-280,778
| -48% | -$5.51M |
|
1085
Allegion
ALLE
$13.8B
| $6.21M | 0.02% |
119,085
+48,354
| +68% | +$2.43M |
|
|
TE
1086
DELISTED
TECO ENERGY INC
TE
| $6.2M | 0.02% |
361,494
+340,175
| +1,596% | +$5.69M |
|
|
WFM
1087
CALL
DELISTED
Whole Foods Market Inc
WFM
| $6.2M | 0.02% |
122,200
+37,200
| +44% | +$1.98M |
|
1088
Community Health Systems
CYH
$424M
| $6.2M | 0.02% |
191,391
-103,510
| -35% | -$3.42M |
|
1089
National Fuel Gas
NFG
$7.84B
| $6.18M | 0.02% |
+88,220
| New | +$6.46M |
|
1090
CALL
Cisco
CSCO
$434B
| $6.17M | 0.02% |
275,500
-200
| -0.1% | -$4.42K |
|
1091
Gentex
GNTX
$4.97B
| $6.17M | 0.02% |
391,498
+274,032
| +233% | +$4.37M |
|
|
ELX
1092
DELISTED
EMULEX CORP
ELX
| $6.17M | 0.02% |
834,874
+492,852
| +144% | +$3.62M |
|
|
YHOO
1093
CALL
DELISTED
Yahoo Inc
YHOO
| $6.16M | 0.02% |
171,600
+164,700
| +2,387% | +$6.28M |
|
|
TCO
1094
DELISTED
Taubman Centers Inc.
TCO
| $6.14M | 0.02% |
+86,784
| New | +$5.89M |
|
1095
PUT
Comcast
CMCSA
$95.9B
| $6.14M | 0.02% |
+245,400
| New | +$6.39M |
|
|
SWY
1096
CALL
DELISTED
SAFEWAY INC
SWY
| $6.13M | 0.02% |
185,310
+159,619
| +621% | +$4.95M |
|
|
MYCC
1097
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $6.11M | 0.02% |
323,461
+274,661
| +563% | +$4.93M |
|
|
NFX
1098
PUT
DELISTED
Newfield Exploration
NFX
| $6.11M | 0.02% |
194,800
+165,200
| +558% | +$4.37M |
|
|
AFFX
1099
DELISTED
Affymetrix Inc
AFFX
| $6.1M | 0.02% |
855,860
+416,867
| +95% | +$3.36M |
|
|
NPBC
1100
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $6.08M | 0.02% |
581,905
+299,212
| +106% | +$3.19M |
|
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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.