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 | |
|---|---|---|---|---|---|---|
126
Charles River Laboratories
CRL
$14.1B
| $54.5M | 0.16% |
902,588
+668,977
| +286% | +$39M |
|
|
MON
127
DELISTED
Monsanto Co
MON
| $53.9M | 0.16% |
474,144
+429,948
| +973% | +$47.9M |
|
|
PVA
128
DELISTED
PENN VIRGINIA CORP
PVA
| $53.8M | 0.16% |
3,075,423
+2,058,861
| +203% | +$27.5M |
|
129
Artisan Partners
APAM
$3.05B
| $53.6M | 0.16% |
833,940
+437,361
| +110% | +$28.1M |
|
130
F5
FFIV
$21.7B
| $53.3M | 0.15% |
499,924
+103,011
| +26% | +$10.9M |
|
131
Flowers Foods
FLO
$1.52B
| $52.7M | 0.15% |
2,455,798
-111,710
| -4% | -$2.33M |
|
|
DISH
132
DELISTED
DISH Network Corp.
DISH
| $52.2M | 0.15% |
839,361
+303,211
| +57% | +$17.7M |
|
133
DuPont de Nemours
DD
$18.4B
| $52.2M | 0.15% |
424,282
+329,652
| +348% | +$38.8M |
|
134
Regions Financial
RF
$26.1B
| $52M | 0.15% |
4,683,690
-2,585,894
| -36% | -$27.2M |
|
135
Affiliated Managers Group
AMG
$9.42B
| $52M | 0.15% |
260,046
+223,183
| +605% | +$43.8M |
|
136
Phillips 66
PSX
$96.1B
| $51.9M | 0.15% |
673,724
+662,937
| +6,146% | +$50.5M |
|
|
137
Alphabet (Google) Class C
GOOG
$4.25T
| $51.5M | 0.15% |
1,853,923
-4,673,331
| -72% | -$136M |
|
|
WMGI
138
DELISTED
Wright Medical Group Inc
WMGI
| $51.4M | 0.15% |
1,654,906
+821,268
| +99% | +$25.9M |
|
|
MHR
139
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $51.3M | 0.15% |
6,039,942
-387,728
| -6% | -$3.12M |
|
|
JAH
140
DELISTED
JARDEN CORPORATION
JAH
| $51.2M | 0.15% |
1,283,726
+377,109
| +42% | +$15.3M |
|
141
Yum! Brands
YUM
$43B
| $51M | 0.15% |
941,692
+779,813
| +482% | +$41.1M |
|
|
FDO
142
DELISTED
FAMILY DOLLAR STORES
FDO
| $50.7M | 0.15% |
874,740
+79,580
| +10% | +$5.02M |
|
143
First Horizon
FHN
$11.7B
| $50.7M | 0.15% |
4,105,103
+1,666,234
| +68% | +$19.9M |
|
|
CELG
144
DELISTED
Celgene Corp
CELG
| $50.5M | 0.15% |
723,544
+454,644
| +169% | +$36M |
|
145
Arthur J. Gallagher & Co
AJG
$69.3B
| $50.5M | 0.15% |
1,060,702
+714,874
| +207% | +$33.4M |
|
146
CALL
Teva Pharmaceuticals
TEVA
$42.9B
| $50.5M | 0.15% |
954,800
+874,400
| +1,088% | +$40.4M |
|
|
TEG
147
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $50.2M | 0.15% |
842,269
-48,082
| -5% | -$2.67M |
|
148
Starbucks
SBUX
$123B
| $50.2M | 0.15% |
1,368,386
+876,840
| +178% | +$32.4M |
|
|
CTRX
149
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $49.7M | 0.14% |
1,110,978
+861,894
| +346% | +$41.4M |
|
|
UPL
150
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $49.6M | 0.14% |
1,845,163
+1,831,034
| +12,959% | +$43.7M |
|
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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.