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 | |
|---|---|---|---|---|---|---|
|
AKS
1326
DELISTED
AK Steel Holding Corp
AKS
| $4M | 0.01% |
553,514
-124,937
| -18% | -$846K |
|
|
PEI
1327
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $4M | 0.01% |
14,759
-3,147
| -18% | -$876K |
|
1328
Anika Therapeutics
ANIK
$286M
| $3.99M | 0.01% |
97,152
+72,452
| +293% | +$2.69M |
|
1329
CALL
Prothena Corp
PRTA
$484M
| $3.98M | 0.01% |
+143,200
| New | +$4.62M |
|
|
REXX
1330
DELISTED
Rex Energy Corporation
REXX
| $3.97M | 0.01% |
+21,215
| New | +$3.86M |
|
|
SCHW
1331
CALL
Charles Schwab
SCHW
$194B
| $3.96M | 0.01% |
145,000
-55,000
| -28% | -$1.44M |
|
|
MY
1332
DELISTED
CHINA MING YANG WIND PWR GRP LTD ADS RSPTG 1 ORD SHS (CHINA)
MY
| $3.96M | 0.01% |
+1,388,981
| New | +$4.16M |
|
1333
CALL
Trip.com Group
TCOM
$29B
| $3.94M | 0.01% |
156,400
-693,200
| -82% | -$15.9M |
|
1334
PUT
KB Home
KBH
$3.5B
| $3.91M | 0.01% |
230,300
-286,300
| -55% | -$5.25M |
|
1335
International Bancshares
IBOC
$4.4B
| $3.91M | 0.01% |
155,854
+140,601
| +922% | +$3.4M |
|
|
CZZ
1336
DELISTED
Cosan Limited
CZZ
| $3.91M | 0.01% |
342,761
-4,101
| -1% | -$48.9K |
|
|
CAA
1337
CALL
DELISTED
CalAtlantic Group, Inc.
CAA
| $3.91M | 0.01% |
94,000
-239,840
| -72% | -$10.4M |
|
|
ACO
1338
DELISTED
AMCOL International Corp
ACO
| $3.9M | 0.01% |
85,308
+62,816
| +279% | +$2.53M |
|
1339
Terex
TEX
$7.45B
| $3.89M | 0.01% |
87,808
-350,304
| -80% | -$14.7M |
|
1340
Altria Group
MO
$114B
| $3.89M | 0.01% |
+103,809
| New | +$3.77M |
|
1341
Eldorado Gold
EGO
$12.6B
| $3.88M | 0.01% |
139,098
-22,245
| -14% | -$726K |
|
|
ESL
1342
DELISTED
Esterline Technologies
ESL
| $3.88M | 0.01% |
36,381
+15,310
| +73% | +$1.61M |
|
1343
AngloGold Ashanti
AU
$62.4B
| $3.87M | 0.01% |
226,710
+113,397
| +100% | +$1.8M |
|
1344
Freeport-McMoran
FCX
$115B
| $3.86M | 0.01% |
116,734
+12,623
| +12% | +$420K |
|
1345
CALL
Waters Corp
WAT
$40.7B
| $3.86M | 0.01% |
35,600
| – | – |
|
1346
CALL
Intel
INTC
$462B
| $3.85M | 0.01% |
+149,300
| New | +$3.73M |
|
1347
CALL
Acadia Pharmaceuticals
ACAD
$5.27B
| $3.85M | 0.01% |
158,100
-116,900
| -43% | -$2.96M |
|
1348
Chubb
CB
$132B
| $3.84M | 0.01% |
38,793
-15,236
| -28% | -$1.48M |
|
1349
CALL
Paychex
PAYX
$44.5B
| $3.84M | 0.01% |
+90,100
| New | +$3.82M |
|
|
ADT
1350
DELISTED
ADT Corp
ADT
| $3.83M | 0.01% |
127,988
+81,638
| +176% | +$2.69M |
|
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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.