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 | |
|---|---|---|---|---|---|---|
|
ARUN
1251
DELISTED
ARUBA NETWORKS, INC.
ARUN
| $4.55M | 0.01% |
242,542
-124,709
| -34% | -$2.5M |
|
1252
Digital Turbine
APPS
$1.29B
| $4.54M | 0.01% |
1,150,000
+600,000
| +109% | +$2.31M |
|
|
WUBA
1253
DELISTED
58.com Inc
WUBA
| $4.53M | 0.01% |
108,728
+87,304
| +408% | +$3.68M |
|
1254
Quanex
NX
$908M
| $4.51M | 0.01% |
218,101
-96,823
| -31% | -$1.91M |
|
|
MDVN
1255
PUT
DELISTED
MEDIVATION, INC.
MDVN
| $4.51M | 0.01% |
140,000
+66,800
| +91% | +$2.46M |
|
1256
Vince Holding Corp
VNCE
$81.3M
| $4.5M | 0.01% |
+17,079
| New | +$4.38M |
|
1257
OraSure Technologies
OSUR
$263M
| $4.5M | 0.01% |
564,157
-145,640
| -21% | -$1.02M |
|
1258
State Street SPDR S&P Metals & Mining ETF
XME
$4.71B
| $4.49M | 0.01% |
+107,507
| New | +$4.43M |
|
|
APOL
1259
DELISTED
Apollo Education Group Inc Class A
APOL
| $4.48M | 0.01% |
130,735
-190,465
| -59% | -$6.18M |
|
|
PQUE
1260
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $4.47M | 0.01% |
784,980
+753,960
| +2,431% | +$4.3M |
|
|
QEP
1261
DELISTED
QEP RESOURCES, INC.
QEP
| $4.45M | 0.01% |
151,191
-651,838
| -81% | -$19.6M |
|
1262
Ball Corp
BALL
$16.9B
| $4.44M | 0.01% |
+162,044
| New | +$4.3M |
|
1263
CME Group
CME
$99.9B
| $4.44M | 0.01% |
60,000
-847,666
| -93% | -$63.9M |
|
1264
Korn Ferry
KFY
$4.34B
| $4.43M | 0.01% |
148,915
-144,463
| -49% | -$3.71M |
|
|
DWA
1265
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $4.42M | 0.01% |
+166,389
| New | +$5.25M |
|
|
FISV
1266
Fiserv Inc
FISV
$27.9B
| $4.41M | 0.01% |
155,622
-155,862
| -50% | -$4.46M |
|
|
VISN
1267
Vistance Networks Inc
VISN
$2.52B
| $4.41M | 0.01% |
178,602
+160,802
| +903% | +$3.29M |
|
1268
Alkermes
ALKS
$8.28B
| $4.4M | 0.01% |
99,707
+24,590
| +33% | +$1.17M |
|
1269
Starwood Property Trust
STWD
$6B
| $4.39M | 0.01% |
185,967
+170,837
| +1,129% | +$4.06M |
|
|
PLKI
1270
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $4.39M | 0.01% |
107,923
-75,054
| -41% | -$3.03M |
|
1271
Eastman Chemical
EMN
$8.16B
| $4.37M | 0.01% |
50,700
-104,308
| -67% | -$8.55M |
|
1272
Shutterstock
SSTK
$195M
| $4.36M | 0.01% |
60,085
+56,385
| +1,524% | +$4.76M |
|
|
PRXL
1273
DELISTED
Parexel International Corp
PRXL
| $4.36M | 0.01% |
80,622
-205,876
| -72% | -$10.5M |
|
|
HTWR
1274
PUT
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $4.35M | 0.01% |
+46,400
| New | +$4.52M |
|
1275
Camden Property Trust
CPT
$10.9B
| $4.35M | 0.01% |
64,540
+4,611
| +8% | +$294K |
|
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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.