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 | |
|---|---|---|---|---|---|---|
|
BWLD
1201
CALL
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $5.06M | 0.01% |
34,000
+32,600
| +2,329% | +$4.62M |
|
1202
CALL
Seagate
STX
$180B
| $5.06M | 0.01% |
90,100
-51,900
| -37% | -$2.78M |
|
|
FLY
1203
DELISTED
Fly Leasing Limited
FLY
| $5.05M | 0.01% |
336,902
+167,421
| +99% | +$2.58M |
|
1204
CALL
Trinity Industries
TRN
$2.37B
| $5.05M | 0.01% |
+194,738
| New | +$4.49M |
|
1205
TFS Financial
TFSL
$4.95B
| $5.04M | 0.01% |
405,709
+367,709
| +968% | +$4.37M |
|
1206
PUT
Plains GP Holdings
PAGP
$5.4B
| $5.04M | 0.01% |
+67,593
| New | +$4.86M |
|
|
TMHC
1207
DELISTED
Taylor Morrison
TMHC
| $5.04M | 0.01% |
214,249
-17,729
| -8% | -$400K |
|
|
PF
1208
DELISTED
Pinnacle Foods, Inc.
PF
| $5.04M | 0.01% |
168,609
-83,621
| -33% | -$2.34M |
|
1209
Huntington Ingalls Industries
HII
$11.6B
| $5.01M | 0.01% |
49,007
+11,276
| +30% | +$1.09M |
|
1210
Scansource
SCSC
$1.1B
| $5M | 0.01% |
122,740
+82,823
| +207% | +$3.26M |
|
|
AREX
1211
DELISTED
Approach Resources Inc.
AREX
| $4.99M | 0.01% |
+238,856
| New | +$4.89M |
|
|
NVO
1212
Novo Nordisk
NVO
$207B
| $4.98M | 0.01% |
218,246
+108,616
| +99% | +$2.31M |
|
|
VOLC
1213
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $4.97M | 0.01% |
252,234
-167,787
| -40% | -$3.6M |
|
|
OPEN
1214
CALL
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $4.95M | 0.01% |
64,300
-1,300
| -2% | -$102K |
|
|
AXLL
1215
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $4.92M | 0.01% |
109,433
-159,617
| -59% | -$6.81M |
|
1216
Vitamin Cottage Natural Grocers
NGVC
$648M
| $4.92M | 0.01% |
112,570
+61,374
| +120% | +$2.5M |
|
1217
Wheaton Precious Metals
WPM
$72.8B
| $4.91M | 0.01% |
216,300
-495,715
| -70% | -$11.7M |
|
|
VXX
1218
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $4.91M | 0.01% |
7,272
+414
| +6% | +$291K |
|
|
GG
1219
CALL
DELISTED
Goldcorp Inc
GG
| $4.89M | 0.01% |
199,900
-301,600
| -60% | -$7.67M |
|
1220
PUT
IBM
IBM
$218B
| $4.89M | 0.01% |
26,568
-9,519
| -26% | -$1.68M |
|
|
CTCT
1221
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $4.89M | 0.01% |
199,774
+140,757
| +239% | +$3.96M |
|
|
SQNS
1222
Sequans Communications SA
SQNS
$45M
| $4.88M | 0.01% |
17,301
+351
| +2% | +$93.7K |
|
1223
Berkshire Hathaway Class A
BRK.A
$1.08T
| $4.87M | 0.01% |
26
-1
| -4% | -$176K |
|
1224
Wabash National
WNC
$491M
| $4.86M | 0.01% |
353,051
+39,047
| +12% | +$522K |
|
1225
CALL
PepsiCo
PEP
$197B
| $4.84M | 0.01% |
58,000
+53,700
| +1,249% | +$4.36M |
|
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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.