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 | |
|---|---|---|---|---|---|---|
|
XIV
1526
DELISTED
VelocityShares Daily Inverse VIX Short Term ETN
XIV
| $2.85M | 0.01% |
+90,005
| New | +$2.86M |
|
|
PHH
1527
CALL
DELISTED
PHH Corporation
PHH
| $2.84M | 0.01% |
+110,000
| New | +$2.76M |
|
1528
PUT
The Mosaic Company
MOS
$7.72B
| $2.84M | 0.01% |
56,800
-4,000
| -7% | -$191K |
|
1529
PUT
Teradata
TDC
$2.55B
| $2.82M | 0.01% |
57,400
+52,000
| +963% | +$2.34M |
|
|
SE
1530
CALL
DELISTED
Spectra Energy Corp Wi
SE
| $2.82M | 0.01% |
76,300
+1,300
| +2% | +$47.2K |
|
|
DFT
1531
DELISTED
DuPont Fabros Technology Inc.
DFT
| $2.81M | 0.01% |
116,900
+60,578
| +108% | +$1.52M |
|
|
ADT
1532
CALL
DELISTED
ADT Corp
ADT
| $2.81M | 0.01% |
93,700
+84,500
| +918% | +$2.79M |
|
|
SFUN
1533
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $2.8M | 0.01% |
4,092
+3,454
| +541% | +$2.82M |
|
|
DVAX
1534
DELISTED
Dynavax Technologies
DVAX
| $2.79M | 0.01% |
154,659
-471
| -0.3% | -$8.73K |
|
1535
Waters Corp
WAT
$40.7B
| $2.79M | 0.01% |
25,775
-178,633
| -87% | -$19.4M |
|
1536
Acacia Research
ACTG
$439M
| $2.79M | 0.01% |
182,812
-182,403
| -50% | -$2.65M |
|
|
TOWR
1537
DELISTED
Tower International, Inc.
TOWR
| $2.79M | 0.01% |
102,551
+60,338
| +143% | +$1.48M |
|
|
ESND
1538
DELISTED
Essendant Inc.
ESND
| $2.79M | 0.01% |
67,866
+44,053
| +185% | +$1.87M |
|
|
PETM
1539
PUT
DELISTED
PETSMART INC
PETM
| $2.78M | 0.01% |
40,400
+35,400
| +708% | +$2.35M |
|
|
RAI
1540
CALL
DELISTED
Reynolds American Inc
RAI
| $2.78M | 0.01% |
+104,200
| New | +$2.62M |
|
1541
Johnson & Johnson
JNJ
$658B
| $2.78M | 0.01% |
28,281
-438,978
| -94% | -$40.7M |
|
1542
EPAM Systems
EPAM
$5.77B
| $2.77M | 0.01% |
84,221
-46,548
| -36% | -$1.77M |
|
1543
Novavax
NVAX
$1.56B
| $2.77M | 0.01% |
30,570
+8,257
| +37% | +$922K |
|
1544
Blackbaud
BLKB
$2.15B
| $2.77M | 0.01% |
88,481
+46,777
| +112% | +$1.57M |
|
1545
PUT
Alcoa
AA
$13.5B
| $2.77M | 0.01% |
+89,513
| New | +$2.49M |
|
1546
Urban Outfitters
URBN
$6.49B
| $2.77M | 0.01% |
75,900
-463,117
| -86% | -$16.9M |
|
1547
iShares MSCI Taiwan ETF
EWT
$11.4B
| $2.77M | 0.01% |
+96,123
| New | +$2.68M |
|
|
RBS.PRP
1548
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
| $2.76M | 0.01% |
124,502
-161,712
| -57% | -$3.55M |
|
|
DRC
1549
CALL
DELISTED
DRESSER-RAND GROUP INC
DRC
| $2.76M | 0.01% |
+47,300
| New | +$2.69M |
|
|
MRC
1550
DELISTED
MRC Global
MRC
| $2.76M | 0.01% |
102,304
+73,586
| +256% | +$2.06M |
|
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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.