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 | |
|---|---|---|---|---|---|---|
1101
Cathay General Bancorp
CATY
$4.16B
| $6.08M | 0.02% |
241,193
+120,547
| +100% | +$3.01M |
|
|
KWK
1102
DELISTED
QUICKSILVER RESOURCES INC
KWK
| $6.05M | 0.02% |
2,301,053
+1,442,584
| +168% | +$4.4M |
|
1103
GSI Technology
GSIT
$220M
| $6.05M | 0.02% |
875,017
-12,454
| -1% | -$84.7K |
|
|
FPRX
1104
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $6.04M | 0.02% |
+307,482
| New | +$5.22M |
|
|
CBB
1105
DELISTED
Cincinnati Bell Inc.
CBB
| $6.01M | 0.02% |
347,350
+239,347
| +222% | +$4.22M |
|
|
ALR
1106
DELISTED
Alere Inc
ALR
| $6.01M | 0.02% |
174,851
-109,409
| -38% | -$4M |
|
|
1107
PUT
Devon Energy
DVN
$53.1B
| $6M | 0.02% |
89,700
+84,700
| +1,694% | +$5.26M |
|
1108
CALL
Enbridge
ENB
$109B
| $5.97M | 0.02% |
+131,100
| New | +$5.66M |
|
1109
CALL
Abbott
ABT
$202B
| $5.96M | 0.02% |
+154,700
| New | +$5.96M |
|
|
KKD
1110
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $5.95M | 0.02% |
335,697
-66,083
| -16% | -$1.22M |
|
|
MRO
1111
CALL
DELISTED
Marathon Oil Corporation
MRO
| $5.95M | 0.02% |
167,500
+72,500
| +76% | +$2.44M |
|
1112
Silicon Laboratories
SLAB
$7.28B
| $5.91M | 0.02% |
113,144
+104,354
| +1,187% | +$5.04M |
|
1113
CACI
CACI
$14.1B
| $5.9M | 0.02% |
79,959
-55,419
| -41% | -$4.2M |
|
1114
Edwards Lifesciences
EW
$52.2B
| $5.9M | 0.02% |
477,234
+271,674
| +132% | +$3.13M |
|
|
MITT
1115
TPG Mortgage Investment Trust
MITT
$214M
| $5.89M | 0.02% |
112,124
+60,572
| +117% | +$3.12M |
|
1116
Xerox
XRX
$374M
| $5.88M | 0.02% |
+197,306
| New | +$5.78M |
|
1117
Post Holdings
POST
$3.73B
| $5.87M | 0.02% |
162,839
-115,126
| -41% | -$4.13M |
|
1118
Teradyne
TER
$57B
| $5.87M | 0.02% |
295,165
-677,361
| -70% | -$13.1M |
|
1119
Teck Resources
TECK
$34.4B
| $5.86M | 0.02% |
270,205
+226,630
| +520% | +$5.26M |
|
1120
Procter & Gamble
PG
$341B
| $5.85M | 0.02% |
72,618
-737,600
| -91% | -$58.1M |
|
|
BKS
1121
PUT
DELISTED
Barnes & Noble
BKS
| $5.85M | 0.02% |
427,127
| – | – |
|
|
DST
1122
DELISTED
DST Systems Inc.
DST
| $5.84M | 0.02% |
123,254
+28,208
| +30% | +$1.31M |
|
1123
Molson Coors Class B
TAP
$8.02B
| $5.84M | 0.02% |
99,209
+54,209
| +120% | +$3.03M |
|
|
PLPM
1124
DELISTED
Planet Payment, Inc
PLPM
| $5.83M | 0.02% |
2,126,450
-1,462,049
| -41% | -$4.86M |
|
|
TMH
1125
DELISTED
Team Health Holdings Inc
TMH
| $5.81M | 0.02% |
129,808
-33,142
| -20% | -$1.49M |
|
Similar funds
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.