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 | |
|---|---|---|---|---|---|---|
1276
MasTec
MTZ
$20.5B
| $4.34M | 0.01% |
99,972
-96,885
| -49% | -$3.68M |
|
1277
Pilgrim's Pride
PPC
$7.55B
| $4.34M | 0.01% |
207,570
-228,149
| -52% | -$3.93M |
|
|
TOO
1278
PUT
DELISTED
Teekay Offshore Partners L.P.
TOO
| $4.33M | 0.01% |
+132,300
| New | +$4.22M |
|
|
ANR
1279
DELISTED
Alpha Natural Resources Inc
ANR
| $4.3M | 0.01% |
1,012,016
-280,302
| -22% | -$1.5M |
|
|
NPKI
1280
NPK International
NPKI
$1.11B
| $4.3M | 0.01% |
375,385
+69,321
| +23% | +$793K |
|
|
EDR
1281
DELISTED
Education Realty Trust Inc
EDR
| $4.29M | 0.01% |
144,832
-506,513
| -78% | -$14.2M |
|
1282
BancFirst
BANF
$3.76B
| $4.28M | 0.01% |
151,246
+73,526
| +95% | +$2.02M |
|
1283
Sony
SONY
$140B
| $4.28M | 0.01% |
1,119,925
-1,261,325
| -53% | -$4.35M |
|
1284
Sociedad Química y Minera de Chile
SQM
$22.8B
| $4.27M | 0.01% |
138,219
+42,413
| +44% | +$1.16M |
|
1285
TriplePoint Venture Growth BDC
TPVG
$217M
| $4.25M | 0.01% |
+261,596
| New | +$4.18M |
|
|
OCRX
1286
DELISTED
Ocera Therapeutics, Inc.
OCRX
| $4.25M | 0.01% |
+402,664
| New | +$5.76M |
|
|
IRF
1287
DELISTED
INTL RECTIFIER CORP
IRF
| $4.25M | 0.01% |
154,920
-9,446
| -6% | -$251K |
|
|
B
1288
CALL
Barrick Mining
B
$79.8B
| $4.23M | 0.01% |
237,300
-498,900
| -68% | -$9.65M |
|
1289
CALL
HF Sinclair
DINO
$16.9B
| $4.23M | 0.01% |
88,900
-21,400
| -19% | -$1.01M |
|
1290
Murphy Oil
MUR
$5.02B
| $4.22M | 0.01% |
67,135
-21,861
| -25% | -$1.31M |
|
1291
CALL
Las Vegas Sands
LVS
$30.6B
| $4.21M | 0.01% |
+52,100
| New | +$4.19M |
|
|
ORB
1292
DELISTED
ORBITAL SCIENCES CORP
ORB
| $4.21M | 0.01% |
150,826
-45,561
| -23% | -$1.2M |
|
1293
CALL
Celanese
CE
$4.89B
| $4.2M | 0.01% |
75,700
+700
| +0.9% | +$37.3K |
|
|
EQC
1294
DELISTED
Equity Commonwealth
EQC
| $4.19M | 0.01% |
159,486
+59,486
| +59% | +$1.52M |
|
1295
CALL
PVH
PVH
$3.47B
| $4.19M | 0.01% |
+33,600
| New | +$4.14M |
|
1296
Motorola Solutions
MSI
$80.1B
| $4.19M | 0.01% |
65,161
+50,161
| +334% | +$3.28M |
|
1297
CALL
IBM
IBM
$219B
| $4.14M | 0.01% |
+22,489
| New | +$3.96M |
|
|
WLT
1298
PUT
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $4.13M | 0.01% |
+909,900
| New | +$10M |
|
1299
Northrop Grumman
NOC
$76.9B
| $4.13M | 0.01% |
33,430
-266,235
| -89% | -$31.5M |
|
|
DNR
1300
DELISTED
Denbury Resources, Inc.
DNR
| $4.12M | 0.01% |
251,043
-96,993
| -28% | -$1.58M |
|
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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.