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 | |
|---|---|---|---|---|---|---|
1376
Live Nation Entertainment
LYV
$43.5B
| $3.7M | 0.01% |
169,945
+7,477
| +5% | +$162K |
|
1377
PUT
Constellation Brands
STZ
$23.1B
| $3.7M | 0.01% |
43,500
-232,900
| -84% | -$18.5M |
|
|
GPOR
1378
PUT
DELISTED
Gulfport Energy Corp.
GPOR
| $3.69M | 0.01% |
51,900
-28,800
| -36% | -$1.77M |
|
|
ECYT
1379
PUT
DELISTED
Endocyte, Inc. Common Stock
ECYT
| $3.68M | 0.01% |
+154,700
| New | +$2.24M |
|
|
DOC
1380
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $3.68M | 0.01% |
264,067
+56,562
| +27% | +$735K |
|
1381
BCE
BCE
$22B
| $3.67M | 0.01% |
85,189
+5,852
| +7% | +$249K |
|
1382
Encore Capital Group
ECPG
$2.17B
| $3.67M | 0.01% |
80,421
+71,517
| +803% | +$3.45M |
|
|
BMS
1383
CALL
DELISTED
Bemis
BMS
| $3.67M | 0.01% |
+93,400
| New | +$3.64M |
|
1384
Acadia Realty Trust
AKR
$2.92B
| $3.65M | 0.01% |
138,527
+84,114
| +155% | +$2.17M |
|
|
KND
1385
DELISTED
Kindred Healthcare
KND
| $3.64M | 0.01% |
155,387
+119,403
| +332% | +$2.47M |
|
1386
Essent Group
ESNT
$6.2B
| $3.64M | 0.01% |
161,993
-252,661
| -61% | -$6.05M |
|
1387
Exelixis
EXEL
$14.1B
| $3.64M | 0.01% |
1,027,537
+610,241
| +146% | +$4.15M |
|
1388
MKS Inc
MKSI
$18.3B
| $3.64M | 0.01% |
121,653
+25,122
| +26% | +$754K |
|
1389
Eli Lilly
LLY
$1.1T
| $3.63M | 0.01% |
61,628
-451,372
| -88% | -$25.2M |
|
|
MRO
1390
PUT
DELISTED
Marathon Oil Corporation
MRO
| $3.62M | 0.01% |
+102,000
| New | +$3.44M |
|
1391
Burlington
BURL
$19.8B
| $3.62M | 0.01% |
122,612
+120,300
| +5,203% | +$3.31M |
|
1392
RPC Inc
RES
$1.36B
| $3.62M | 0.01% |
177,284
+137,660
| +347% | +$2.54M |
|
|
1393
CALL
Exelixis
EXEL
$14.1B
| $3.61M | 0.01% |
1,020,800
+390,400
| +62% | +$2.66M |
|
|
AVB
1394
PUT
DELISTED
AvalonBay Communities
AVB
| $3.61M | 0.01% |
+27,500
| New | +$3.47M |
|
1395
PUT
FirstEnergy
FE
$27B
| $3.61M | 0.01% |
106,100
-600
| -0.6% | -$19K |
|
|
BRCM
1396
PUT
DELISTED
BROADCOM CORP CL-A
BRCM
| $3.61M | 0.01% |
114,700
-441,600
| -79% | -$13.3M |
|
1397
KB Home
KBH
$3.5B
| $3.61M | 0.01% |
212,363
-425,354
| -67% | -$7.8M |
|
1398
CALL
Thermo Fisher Scientific
TMO
$232B
| $3.61M | 0.01% |
+30,000
| New | +$3.57M |
|
1399
PennantPark Floating Rate Capital
PFLT
$736M
| $3.6M | 0.01% |
260,815
-98,680
| -27% | -$1.37M |
|
|
NLSN
1400
DELISTED
Nielsen Holdings plc
NLSN
| $3.58M | 0.01% |
80,322
+42,855
| +114% | +$1.92M |
|
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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.