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 | |
|---|---|---|---|---|---|---|
|
KCG
1126
DELISTED
KCG Holdings, Inc.
KCG
| $5.8M | 0.02% |
486,327
-256,623
| -35% | -$3.03M |
|
|
NGD
1127
DELISTED
New Gold Inc
NGD
| $5.8M | 0.02% |
+1,188,523
| New | +$6.86M |
|
|
NTRI
1128
DELISTED
NutriSystem, Inc.
NTRI
| $5.8M | 0.02% |
384,785
+71,252
| +23% | +$1.09M |
|
|
WBMD
1129
DELISTED
WebMD Health Corp.
WBMD
| $5.79M | 0.02% |
139,754
+55,706
| +66% | +$2.51M |
|
1130
Huron Consulting
HURN
$2.59B
| $5.78M | 0.02% |
91,201
+82,863
| +994% | +$5.39M |
|
|
SCS
1131
DELISTED
Steelcase
SCS
| $5.76M | 0.02% |
346,819
-62,635
| -15% | -$932K |
|
1132
Trimble
TRMB
$14.1B
| $5.75M | 0.02% |
147,978
-80,541
| -35% | -$2.9M |
|
|
INFI
1133
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $5.73M | 0.02% |
482,030
+120,649
| +33% | +$1.62M |
|
1134
Semtech
SMTC
$11.3B
| $5.73M | 0.02% |
226,063
+215,381
| +2,016% | +$5.25M |
|
1135
Landstar System
LSTR
$6.11B
| $5.73M | 0.02% |
96,689
+91,621
| +1,808% | +$5.35M |
|
|
SRGA
1136
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $5.71M | 0.02% |
46,690
+21,496
| +85% | +$2.33M |
|
1137
Commercial Metals
CMC
$7.18B
| $5.71M | 0.02% |
302,330
+46,680
| +18% | +$908K |
|
|
CIM
1138
Chimera Investment
CIM
$973M
| $5.7M | 0.02% |
124,201
+70,519
| +131% | +$3.28M |
|
1139
Essex Property Trust
ESS
$18.9B
| $5.7M | 0.02% |
33,500
-37,896
| -53% | -$6.11M |
|
|
IDTI
1140
DELISTED
Integrated Device Technology I
IDTI
| $5.69M | 0.02% |
465,173
+61,514
| +15% | +$697K |
|
|
NSM
1141
PUT
DELISTED
Nationstar Mortgage Holdings
NSM
| $5.69M | 0.02% |
175,200
| – | – |
|
|
AMCC
1142
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $5.68M | 0.02% |
573,911
+563,318
| +5,318% | +$6.07M |
|
1143
Extreme Networks
EXTR
$2.92B
| $5.66M | 0.02% |
975,535
-1,061,800
| -52% | -$6.74M |
|
1144
PUT
eBay
EBAY
$47.7B
| $5.66M | 0.02% |
243,302
+146,361
| +151% | +$3.4M |
|
|
ACC
1145
DELISTED
American Campus Communities, Inc.
ACC
| $5.64M | 0.02% |
151,042
-231,343
| -61% | -$8.19M |
|
|
DFRG
1146
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $5.64M | 0.02% |
202,132
-283,002
| -58% | -$6.97M |
|
|
MDCO
1147
CALL
DELISTED
Medicines Co
MDCO
| $5.6M | 0.02% |
+197,000
| New | +$6.52M |
|
1148
RTX Corp
RTX
$282B
| $5.6M | 0.02% |
76,127
-149,878
| -66% | -$10.8M |
|
|
CVC
1149
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $5.58M | 0.02% |
330,487
-239,834
| -42% | -$4.02M |
|
1150
Cogent Communications
CCOI
$486M
| $5.57M | 0.02% |
156,676
-24,137
| -13% | -$943K |
|
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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.