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 | |
|---|---|---|---|---|---|---|
1551
iShares TIPS Bond ETF
TIP
$15.1B
| $2.76M | 0.01% |
24,598
+18,539
| +306% | +$2.07M |
|
1552
Comstock Resources
CRK
$4.16B
| $2.75M | 0.01% |
24,041
+5,140
| +27% | +$483K |
|
1553
TAL Education Group
TAL
$6.43B
| $2.74M | 0.01% |
730,926
+207,198
| +40% | +$819K |
|
|
EEP
1554
CALL
DELISTED
Enbridge Energy Partners
EEP
| $2.74M | 0.01% |
+100,000
| New | +$2.8M |
|
|
HEES
1555
DELISTED
H&E Equipment Services
HEES
| $2.74M | 0.01% |
67,723
-39,811
| -37% | -$1.32M |
|
1556
Companhia Siderúrgica Nacional
SID
$1.35B
| $2.74M | 0.01% |
628,106
-89,042
| -12% | -$425K |
|
|
GLBR
1557
DELISTED
Global Brokerage, Inc. Class A Common Stock
GLBR
| $2.73M | 0.01% |
18,519
-4,108
| -18% | -$683K |
|
|
VG
1558
DELISTED
Vonage Holdings Corporation
VG
| $2.73M | 0.01% |
640,489
+204,621
| +47% | +$872K |
|
1559
Invesco Mortgage Capital
IVR
$801M
| $2.73M | 0.01% |
16,598
+7,959
| +92% | +$1.29M |
|
|
AEC
1560
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $2.73M | 0.01% |
161,417
+141,951
| +729% | +$2.36M |
|
1561
PUT
Eagle Materials
EXP
$6.1B
| $2.73M | 0.01% |
+30,800
| New | +$2.54M |
|
1562
PUT
UnitedHealth
UNH
$356B
| $2.73M | 0.01% |
+33,300
| New | +$2.51M |
|
|
WY.PRA
1563
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
| $2.73M | 0.01% |
50,000
| – | – |
|
1564
CALL
Valero Energy
VLO
$98B
| $2.72M | 0.01% |
51,200
+7,900
| +18% | +$404K |
|
|
1565
PUT
Valero Energy
VLO
$98B
| $2.72M | 0.01% |
51,200
-41,800
| -45% | -$2.14M |
|
1566
uniQure
QURE
$3.54B
| $2.71M | 0.01% |
+174,243
| New | +$2.78M |
|
|
ICON
1567
DELISTED
Iconix Brand Group, Inc.
ICON
| $2.71M | 0.01% |
+6,903
| New | +$2.69M |
|
|
MEP
1568
DELISTED
Midcoast Energy Partners, L.P.
MEP
| $2.71M | 0.01% |
+131,187
| New | +$2.68M |
|
1569
Rogers Corp
ROG
$2.23B
| $2.71M | 0.01% |
43,372
-22,607
| -34% | -$1.37M |
|
1570
CALL
Alcoa
AA
$13.5B
| $2.7M | 0.01% |
+87,432
| New | +$2.43M |
|
1571
Strategy Inc
MSTR
$50.4B
| $2.69M | 0.01% |
233,270
-232,840
| -50% | -$2.91M |
|
1572
Lear
LEA
$8.23B
| $2.69M | 0.01% |
32,098
-90,579
| -74% | -$7.21M |
|
1573
CALL
AutoZone
AZO
$49.4B
| $2.69M | 0.01% |
5,000
-26,000
| -84% | -$13.5M |
|
|
MW
1574
PUT
DELISTED
THE MENS WAREHOUSE INC
MW
| $2.67M | 0.01% |
+54,600
| New | +$2.71M |
|
1575
Gildan
GIL
$10.1B
| $2.67M | 0.01% |
+106,070
| New | +$2.73M |
|
Similar funds
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.