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 | |
|---|---|---|---|---|---|---|
1451
CALL
Lennar Class A
LEN
$21.1B
| $3.26M | 0.01% |
86,461
-209,692
| -71% | -$8.01M |
|
|
PGH
1452
DELISTED
Pengrowth Energy Corporation
PGH
| $3.26M | 0.01% |
536,271
+363,387
| +210% | +$2.31M |
|
1453
Columbia Sportswear
COLM
$3.02B
| $3.26M | 0.01% |
+78,872
| New | +$3.14M |
|
1454
Donaldson
DCI
$10.8B
| $3.26M | 0.01% |
76,795
+20,298
| +36% | +$854K |
|
1455
Vanda Pharmaceuticals
VNDA
$329M
| $3.25M | 0.01% |
200,000
-678,530
| -77% | -$9.65M |
|
|
MGAM
1456
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
| $3.25M | 0.01% |
111,908
+77,477
| +225% | +$2.44M |
|
|
ECOM
1457
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $3.24M | 0.01% |
85,951
+52,499
| +157% | +$2.26M |
|
1458
Sturm, Ruger & Co
RGR
$613M
| $3.22M | 0.01% |
53,917
+39,495
| +274% | +$2.78M |
|
|
TESO
1459
DELISTED
Tesco Corp
TESO
| $3.22M | 0.01% |
174,235
+148,712
| +583% | +$2.9M |
|
|
RESI
1460
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $3.21M | 0.01% |
101,814
+38,617
| +61% | +$1.17M |
|
|
VGR
1461
DELISTED
Vector Group Ltd.
VGR
| $3.21M | 0.01% |
281,134
-134,560
| -32% | -$1.35M |
|
1462
First Interstate BancSystem
FIBK
$3.53B
| $3.2M | 0.01% |
113,437
+47,742
| +73% | +$1.26M |
|
|
RC
1463
Ready Capital
RC
$329M
| $3.2M | 0.01% |
192,089
-3,931
| -2% | -$66.8K |
|
1464
PUT
Walt Disney
DIS
$192B
| $3.19M | 0.01% |
+39,900
| New | +$3.09M |
|
|
ALR
1465
PUT
DELISTED
Alere Inc
ALR
| $3.19M | 0.01% |
154,700
-172,900
| -53% | -$6.32M |
|
1466
CALL
American Tower
AMT
$83.2B
| $3.19M | 0.01% |
38,900
| – | – |
|
|
ZLTQ
1467
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $3.18M | 0.01% |
162,188
+137,297
| +552% | +$2.68M |
|
1468
PUT
Fluor
FLR
$6.86B
| $3.16M | 0.01% |
40,600
+600
| +2% | +$46.8K |
|
|
GNMK
1469
DELISTED
GenMark Diagnostics, Inc
GNMK
| $3.16M | 0.01% |
317,482
+292,482
| +1,170% | +$3.63M |
|
|
AGN
1470
CALL
DELISTED
Allergan Inc
AGN
| $3.15M | 0.01% |
25,400
-365,000
| -93% | -$44.4M |
|
1471
Movado Group
MOV
$777M
| $3.15M | 0.01% |
69,135
+17,750
| +35% | +$724K |
|
1472
Advanced Micro Devices
AMD
$782B
| $3.14M | 0.01% |
783,667
-1,746,943
| -69% | -$6.67M |
|
1473
W.W. Grainger
GWW
$61.3B
| $3.14M | 0.01% |
12,432
-63,693
| -84% | -$15.9M |
|
|
SCMP
1474
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $3.13M | 0.01% |
437,368
+328,699
| +302% | +$2.81M |
|
1475
CALL
Abercrombie & Fitch
ANF
$4.84B
| $3.13M | 0.01% |
81,200
-59,000
| -42% | -$2.16M |
|
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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.