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 | |
|---|---|---|---|---|---|---|
1476
Integer Holdings
ITGR
$4.26B
| $3.12M | 0.01% |
74,614
+25,527
| +52% | +$1.02M |
|
1477
Emerson Electric
EMR
$86.4B
| $3.12M | 0.01% |
46,665
-233,344
| -83% | -$15.4M |
|
|
PKD
1478
DELISTED
Parker Drilling Company
PKD
| $3.11M | 0.01% |
29,263
+9,885
| +51% | +$1.12M |
|
1479
State Street SPDR S&P Regional Banking ETF
KRE
$4.04B
| $3.11M | 0.01% |
75,151
+5,018
| +7% | +$200K |
|
1480
AngioDynamics
ANGO
$659M
| $3.11M | 0.01% |
197,404
+9,269
| +5% | +$151K |
|
1481
Benchmark Electronics
BHE
$2.58B
| $3.1M | 0.01% |
137,048
+122,948
| +872% | +$2.87M |
|
1482
Entergy
ETR
$49.6B
| $3.1M | 0.01% |
92,592
+39,152
| +73% | +$1.24M |
|
1483
Hercules Capital
HTGC
$3.29B
| $3.09M | 0.01% |
219,543
+99,196
| +82% | +$1.55M |
|
|
WINT
1484
DELISTED
Windtree Therapeutics Inc
WINT
| $3.09M | 0.01% |
102,600
-43,267
| -30% | -$1.46M |
|
1485
Ribbon Communications
RBBN
$368M
| $3.08M | 0.01% |
182,995
+99,365
| +119% | +$1.65M |
|
|
NSTG
1486
DELISTED
NanoString Technologies, Inc.
NSTG
| $3.08M | 0.01% |
149,302
-42,295
| -22% | -$806K |
|
1487
CALL
Intuitive Surgical
ISRG
$131B
| $3.07M | 0.01% |
63,000
-272,700
| -81% | -$12.8M |
|
|
VIAB
1488
CALL
DELISTED
Viacom Inc. Class B
VIAB
| $3.06M | 0.01% |
+36,000
| New | +$3.06M |
|
|
TCF
1489
DELISTED
TCF Financial Corporation
TCF
| $3.06M | 0.01% |
183,627
-152,078
| -45% | -$2.48M |
|
1490
Canadian Natural Resources
CNQ
$102B
| $3.06M | 0.01% |
164,776
+149,676
| +991% | +$2.53M |
|
1491
Vanguard Real Estate ETF
VNQ
$39.4B
| $3.05M | 0.01% |
+43,233
| New | +$2.96M |
|
|
DNKN
1492
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $3.05M | 0.01% |
60,811
+18,568
| +44% | +$916K |
|
|
HDS
1493
DELISTED
HD Supply Holdings, Inc.
HDS
| $3.03M | 0.01% |
115,924
+39,508
| +52% | +$911K |
|
1494
CALL
Eli Lilly
LLY
$1.1T
| $3.02M | 0.01% |
+51,300
| New | +$2.86M |
|
1495
Flex
FLEX
$40.4B
| $3.01M | 0.01% |
432,360
+175,819
| +69% | +$1.14M |
|
1496
Scorpio Tankers
STNG
$3.87B
| $3.01M | 0.01% |
30,202
-306,970
| -91% | -$31.5M |
|
|
EGLT
1497
DELISTED
Egalet Corporation
EGLT
| $3.01M | 0.01% |
+215,000
| New | +$3.11M |
|
|
CBM
1498
DELISTED
Cambrex Corporation
CBM
| $3M | 0.01% |
159,266
-104,547
| -40% | -$2.02M |
|
|
LITS
1499
Lite Strategy Inc
LITS
$35.7M
| $3M | 0.01% |
13,457
-5,268
| -28% | -$950K |
|
1500
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $2.99M | 0.01% |
61,637
-37
| -0.1% | -$1.8K |
|
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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.