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 | |
|---|---|---|---|---|---|---|
101
Gilead Sciences
GILD
$181B
| $63.3M | 0.18% |
893,861
-1,189,223
| -57% | -$93.3M |
|
|
HSH
102
DELISTED
HILLSHIRE BRANDS CO
HSH
| $63.1M | 0.18% |
1,693,732
+353,880
| +26% | +$12.7M |
|
103
American International
AIG
$39.8B
| $62.5M | 0.18% |
1,250,315
+887,705
| +245% | +$44.1M |
|
|
GAP
104
The Gap Inc
GAP
$7.13B
| $61.6M | 0.18% |
1,538,921
+657,393
| +75% | +$26.6M |
|
105
W.P. Carey
WPC
$16.2B
| $61.4M | 0.18% |
1,043,536
+913,190
| +701% | +$55.2M |
|
106
Reliance Steel & Aluminium
RS
$19.8B
| $60.8M | 0.18% |
860,773
+798,779
| +1,288% | +$57M |
|
107
SPDR Gold Trust
GLD
$152B
| $60.1M | 0.17% |
486,159
+478,989
| +6,680% | +$59.7M |
|
|
RAI
108
DELISTED
Reynolds American Inc
RAI
| $60M | 0.17% |
2,247,554
+370,034
| +20% | +$9.32M |
|
109
J.M. Smucker
SJM
$13.3B
| $59.8M | 0.17% |
614,904
+471,245
| +328% | +$45.8M |
|
|
FITB
110
Fifth Third Bancorp
FITB
$49.7B
| $59.7M | 0.17% |
2,599,240
-601,397
| -19% | -$13.1M |
|
111
Sally Beauty Holdings
SBH
$1.55B
| $59.5M | 0.17% |
2,170,147
+2,066,161
| +1,987% | +$58.9M |
|
112
ManpowerGroup
MAN
$2.86B
| $58.6M | 0.17% |
743,816
+480,608
| +183% | +$38M |
|
113
Meta Platforms (Facebook)
META
$1.4T
| $58M | 0.17% |
962,320
-1,503,618
| -61% | -$95.3M |
|
114
KBR
KBR
$4.86B
| $57.9M | 0.17% |
2,170,830
+1,520,218
| +234% | +$45.9M |
|
115
Walt Disney
DIS
$186B
| $57.8M | 0.17% |
722,387
+575,021
| +390% | +$44.6M |
|
116
Zimmer Biomet
ZBH
$19.3B
| $57.7M | 0.17% |
628,634
+20,356
| +3% | +$1.88M |
|
|
WFT
117
DELISTED
Weatherford International plc
WFT
| $57.6M | 0.17% |
3,315,673
+1,585,807
| +92% | +$24.3M |
|
|
RPAI
118
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $57.3M | 0.17% |
4,232,786
+1,787,203
| +73% | +$23.7M |
|
119
Biogen
BIIB
$32B
| $57.2M | 0.17% |
187,081
-50,638
| -21% | -$16.1M |
|
|
VSI
120
DELISTED
Vitamin Shoppe Inc.
VSI
| $56.8M | 0.16% |
1,194,696
+646,325
| +118% | +$29.6M |
|
|
ROC
121
DELISTED
ROCKWOOD HLDGS INC
ROC
| $56.7M | 0.16% |
762,424
+135,040
| +22% | +$9.95M |
|
122
Perrigo
PRGO
$1.98B
| $56.2M | 0.16% |
363,660
-454,206
| -56% | -$71.7M |
|
123
Colgate-Palmolive
CL
$72.6B
| $56M | 0.16% |
863,662
+664,222
| +333% | +$41.9M |
|
124
Quanta Services
PWR
$96.1B
| $56M | 0.16% |
1,517,895
+1,224,877
| +418% | +$40.9M |
|
|
SRC
125
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $55.1M | 0.16% |
1,119,448
+694,029
| +163% | +$33.2M |
|
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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.