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 | |
|---|---|---|---|---|---|---|
1501
CALL
MGIC Investment
MTG
$6.41B
| $2.99M | 0.01% |
+350,500
| New | +$3.05M |
|
|
ILG
1502
DELISTED
ILG, Inc Common Stock
ILG
| $2.98M | 0.01% |
114,127
+75,910
| +199% | +$2.09M |
|
|
KRA
1503
DELISTED
Kraton Corporation
KRA
| $2.98M | 0.01% |
114,023
+53,929
| +90% | +$1.36M |
|
1504
The Greenbrier Companies
GBX
$1.43B
| $2.98M | 0.01% |
65,264
-461,449
| -88% | -$18.2M |
|
1505
Blackstone Mortgage Trust
BXMT
$2.36B
| $2.96M | 0.01% |
+102,989
| New | +$2.92M |
|
|
RVBD
1506
CALL
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $2.96M | 0.01% |
+150,000
| New | +$3M |
|
|
CYBX
1507
DELISTED
CYBERONICS INC
CYBX
| $2.96M | 0.01% |
45,298
+8,645
| +24% | +$582K |
|
1508
Toyota
TM
$228B
| $2.95M | 0.01% |
26,152
-73,099
| -74% | -$8.44M |
|
1509
Advanced Energy
AEIS
$11B
| $2.95M | 0.01% |
120,298
+44,879
| +60% | +$1.17M |
|
1510
U-Haul Holding Co
UHAL
$13.5B
| $2.93M | 0.01% |
126,220
+32,340
| +34% | +$748K |
|
|
TFM
1511
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $2.92M | 0.01% |
87,057
-390,785
| -82% | -$13.8M |
|
1512
Emergent Biosolutions
EBS
$289M
| $2.92M | 0.01% |
115,601
+3,418
| +3% | +$86.3K |
|
1513
Open Text
OTEX
$5.9B
| $2.92M | 0.01% |
+122,178
| New | +$2.97M |
|
|
THI
1514
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $2.91M | 0.01% |
52,638
+2,308
| +5% | +$125K |
|
|
ALU
1515
DELISTED
Alcatel-Lucent
ALU
| $2.91M | 0.01% |
745,218
+143,180
| +24% | +$594K |
|
|
ACI
1516
DELISTED
ARCH COAL, INC.
ACI
| $2.89M | 0.01% |
60,000
-45,318
| -43% | -$1.94M |
|
1517
PUT
Royal Gold
RGLD
$22.7B
| $2.89M | 0.01% |
46,100
+19,900
| +76% | +$1.22M |
|
1518
Strategic Education
STRA
$1.91B
| $2.88M | 0.01% |
62,141
+12,892
| +26% | +$530K |
|
|
PDM
1519
Piedmont Realty Trust
PDM
$1.24B
| $2.88M | 0.01% |
168,004
-167,160
| -50% | -$2.8M |
|
|
CMLS
1520
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $2.88M | 0.01% |
52,019
+13,539
| +35% | +$741K |
|
1521
Jabil
JBL
$32.3B
| $2.87M | 0.01% |
159,245
-81,969
| -34% | -$1.48M |
|
1522
Cal-Maine
CALM
$3.93B
| $2.86M | 0.01% |
91,044
+70,640
| +346% | +$1.93M |
|
|
CYT
1523
DELISTED
CYTEC INDS INC
CYT
| $2.86M | 0.01% |
58,558
-104,588
| -64% | -$4.85M |
|
1524
PUT
United Rentals
URI
$65.6B
| $2.85M | 0.01% |
30,000
-400
| -1% | -$33.9K |
|
1525
Rio Tinto
RIO
$174B
| $2.85M | 0.01% |
51,000
+31,000
| +155% | +$1.69M |
|
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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.