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 | |
|---|---|---|---|---|---|---|
1426
Sabesp
SBS
$16.9B
| $3.36M | 0.01% |
+1,872,947
| New | +$3.41M |
|
|
GTLS
1427
DELISTED
Chart Industries
GTLS
| $3.36M | 0.01% |
42,276
+3,591
| +9% | +$309K |
|
1428
PUT
FedEx
FDX
$79B
| $3.35M | 0.01% |
25,300
+16,600
| +191% | +$2.25M |
|
|
MFRM
1429
PUT
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $3.35M | 0.01% |
+70,100
| New | +$3.04M |
|
1430
iShares Russell 2000 Growth ETF
IWO
$15.1B
| $3.35M | 0.01% |
24,586
+6,893
| +39% | +$943K |
|
|
BKW
1431
DELISTED
BURGER KING WORLDWIDE
BKW
| $3.34M | 0.01% |
125,690
+85,690
| +214% | +$2.15M |
|
|
INFN
1432
DELISTED
Infinera Corporation Common Stock
INFN
| $3.33M | 0.01% |
367,209
-77,102
| -17% | -$675K |
|
|
HUB.A
1433
DELISTED
HUBBELL INC CL-A
HUB.A
| $3.33M | 0.01% |
+29,945
| New | +$3.19M |
|
1434
Federal Signal
FSS
$7.36B
| $3.33M | 0.01% |
223,410
+38,344
| +21% | +$521K |
|
1435
Harmony Gold Mining
HMY
$14.3B
| $3.33M | 0.01% |
1,090,302
+479,029
| +78% | +$1.46M |
|
|
TRLA
1436
DELISTED
TRULIA INC (DEL)
TRLA
| $3.32M | 0.01% |
100,000
+46,575
| +87% | +$1.57M |
|
|
CVD
1437
DELISTED
COVANCE INC.
CVD
| $3.3M | 0.01% |
31,803
+29,147
| +1,097% | +$2.89M |
|
1438
Pinnacle West Capital
PNW
$11.8B
| $3.3M | 0.01% |
60,402
-251,123
| -81% | -$13.5M |
|
1439
Manulife Financial
MFC
$71.6B
| $3.3M | 0.01% |
170,933
+81,916
| +92% | +$1.57M |
|
1440
Element Solutions
ESI
$8.65B
| $3.3M | 0.01% |
+173,136
| New | +$3.14M |
|
|
SN
1441
DELISTED
Sanchez Energy Corporation
SN
| $3.3M | 0.01% |
111,307
-484,278
| -81% | -$13.5M |
|
|
TSL
1442
DELISTED
Trina Solar Limited
TSL
| $3.3M | 0.01% |
245,149
-99,819
| -29% | -$1.53M |
|
1443
Avient
AVNT
$4.09B
| $3.29M | 0.01% |
89,882
+29,587
| +49% | +$1.06M |
|
|
SEM
1444
DELISTED
Select Medical
SEM
| $3.29M | 0.01% |
+490,994
| New | +$2.98M |
|
|
LPNT
1445
PUT
DELISTED
LifePoint Health, Inc.
LPNT
| $3.29M | 0.01% |
+60,300
| New | +$3.22M |
|
|
WFM
1446
DELISTED
Whole Foods Market Inc
WFM
| $3.28M | 0.01% |
64,700
+47,042
| +266% | +$2.51M |
|
1447
Rambus
RMBS
$9.75B
| $3.28M | 0.01% |
305,018
-633,824
| -68% | -$5.95M |
|
|
NE
1448
CALL
DELISTED
Noble Corporation
NE
| $3.27M | 0.01% |
114,400
-102,846
| -47% | -$2.91M |
|
|
CERN
1449
DELISTED
Cerner Corp
CERN
| $3.27M | 0.01% |
58,099
+10,732
| +23% | +$619K |
|
|
PRMW
1450
DELISTED
Primo Water Corporation
PRMW
| $3.26M | 0.01% |
385,220
+148,983
| +63% | +$1.2M |
|
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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.