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 | |
|---|---|---|---|---|---|---|
1301
Equinix
EQIX
$107B
| $4.11M | 0.01% |
22,227
-72,674
| -77% | -$13.4M |
|
1302
Lowe's Companies
LOW
$120B
| $4.1M | 0.01% |
83,900
-405,205
| -83% | -$19.6M |
|
1303
Tidewater
TDW
$4.57B
| $4.1M | 0.01% |
2,614
-14,930
| -85% | -$24.4M |
|
1304
ICF International
ICFI
$1.59B
| $4.09M | 0.01% |
102,797
+69,794
| +211% | +$2.55M |
|
|
ENZ
1305
DELISTED
Enzo Biochem, Inc.
ENZ
| $4.09M | 0.01% |
983,635
-227,115
| -19% | -$778K |
|
1306
Sonida Senior Living
SNDA
$1.91B
| $4.08M | 0.01% |
10,475
-8,557
| -45% | -$3.11M |
|
1307
Fulton Financial
FULT
$4.5B
| $4.08M | 0.01% |
324,544
+133,394
| +70% | +$1.68M |
|
1308
PUT
Iron Mountain
IRM
$36.8B
| $4.08M | 0.01% |
160,136
+74,442
| +87% | +$1.9M |
|
1309
PVH
PVH
$3.47B
| $4.07M | 0.01% |
32,589
-17,262
| -35% | -$2.13M |
|
|
HPP
1310
Hudson Pacific Properties
HPP
$803M
| $4.07M | 0.01% |
25,173
+22,802
| +962% | +$3.56M |
|
1311
Allison Transmission
ALSN
$10.8B
| $4.06M | 0.01% |
135,621
+11,421
| +9% | +$331K |
|
1312
Itron
ITRI
$4.29B
| $4.06M | 0.01% |
114,242
+43,330
| +61% | +$1.64M |
|
1313
Black Hills Corp
BKH
$5.54B
| $4.06M | 0.01% |
70,411
+41,912
| +147% | +$2.31M |
|
1314
Labcorp
LH
$27.2B
| $4.06M | 0.01% |
48,108
-12,420
| -21% | -$990K |
|
|
SIAL
1315
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $4.06M | 0.01% |
43,451
+14,833
| +52% | +$1.39M |
|
|
KEG
1316
DELISTED
KEY ENERGY SERVICES INC
KEG
| $4.03M | 0.01% |
+436,433
| New | +$4.03M |
|
|
RENT
1317
DELISTED
RENTRAK CORP
RENT
| $4.03M | 0.01% |
66,791
+54,418
| +440% | +$3.12M |
|
|
AMAP
1318
DELISTED
AUTONAVI HLDGS LTD SPON ADR (CYM)
AMAP
| $4.02M | 0.01% |
200,600
-61,548
| -23% | -$1.12M |
|
1319
Enviri
NVRI
$601M
| $4.02M | 0.01% |
171,547
-174,948
| -50% | -$4.29M |
|
1320
PUT
Beazer Homes USA
BZH
$884M
| $4.02M | 0.01% |
+200,000
| New | +$4.36M |
|
|
FWLT
1321
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $4.01M | 0.01% |
123,813
+27,597
| +29% | +$863K |
|
1322
CALL
D.R. Horton
DHI
$41.5B
| $4.01M | 0.01% |
185,300
+8,200
| +5% | +$185K |
|
1323
Royal Bank of Canada
RY
$286B
| $4.01M | 0.01% |
60,738
+53,750
| +769% | +$3.47M |
|
|
SKX
1324
DELISTED
Skechers
SKX
| $4.01M | 0.01% |
328,914
-2,780,475
| -89% | -$30.1M |
|
|
EFOR
1325
Everforth Inc
EFOR
$1.31B
| $4M | 0.01% |
103,714
-60,891
| -37% | -$2.04M |
|
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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.