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 | |
|---|---|---|---|---|---|---|
|
MW
1576
CALL
DELISTED
THE MENS WAREHOUSE INC
MW
| $2.67M | 0.01% |
+54,500
| New | +$2.71M |
|
|
JOY
1577
PUT
DELISTED
Joy Global Inc
JOY
| $2.67M | 0.01% |
46,000
+7,900
| +21% | +$439K |
|
1578
Central Pacific Financial
CPF
$969M
| $2.67M | 0.01% |
131,990
+72,909
| +123% | +$1.43M |
|
1579
Republic Services
RSG
$67.7B
| $2.67M | 0.01% |
78,057
-766,943
| -91% | -$25.4M |
|
1580
Edgewell Personal Care
EPC
$1.33B
| $2.67M | 0.01% |
35,688
-34,320
| -49% | -$2.51M |
|
|
NATI
1581
DELISTED
National Instruments Corp
NATI
| $2.67M | 0.01% |
92,877
+29,454
| +46% | +$878K |
|
1582
ABM Industries
ABM
$2.73B
| $2.65M | 0.01% |
92,336
-5,466
| -6% | -$152K |
|
1583
Caleres
CAL
$438M
| $2.65M | 0.01% |
99,787
-154,307
| -61% | -$3.87M |
|
1584
PUT
Under Armour
UAA
$2.2B
| $2.65M | 0.01% |
+92,400
| New | +$2.42M |
|
1585
Barrett Business Services
BBSI
$819M
| $2.64M | 0.01% |
177,492
+107,644
| +154% | +$2M |
|
1586
Tenet Healthcare
THC
$21.9B
| $2.64M | 0.01% |
61,709
-27,562
| -31% | -$1.22M |
|
|
SRCI
1587
DELISTED
SRC Energy Inc
SRCI
| $2.64M | 0.01% |
245,295
-10,770
| -4% | -$103K |
|
1588
DXP Enterprises
DXPE
$2.92B
| $2.63M | 0.01% |
27,736
+25,049
| +932% | +$2.52M |
|
|
MHGC
1589
DELISTED
Morgans Hotel Group Co.
MHGC
| $2.61M | 0.01% |
325,000
-326,375
| -50% | -$2.58M |
|
1590
Tetra Tech
TTEK
$9.42B
| $2.61M | 0.01% |
440,860
-148,175
| -25% | -$863K |
|
|
QPAC
1591
DELISTED
QUINPARIO ACQUISITION CORP COM STK
QPAC
| $2.61M | 0.01% |
253,500
| – | – |
|
|
CALL
1592
DELISTED
magicJack VocalTec Ltd
CALL
| $2.6M | 0.01% |
122,391
+64,770
| +112% | +$1.11M |
|
|
DHC
1593
Diversified Healthcare Trust
DHC
$1.96B
| $2.59M | 0.01% |
+116,448
| New | +$2.55M |
|
|
SQNM
1594
DELISTED
SEQUENOM INC NEW
SQNM
| $2.58M | 0.01% |
1,054,315
-593,113
| -36% | -$1.41M |
|
|
PGTI
1595
DELISTED
PGT, Inc.
PGTI
| $2.58M | 0.01% |
224,228
+64,076
| +40% | +$717K |
|
1596
State Street SPDR S&P Biotech ETF
XBI
$11.8B
| $2.58M | 0.01% |
+54,333
| New | +$2.78M |
|
1597
The GEO Group
GEO
$4.23B
| $2.58M | 0.01% |
119,862
-103,899
| -46% | -$2.25M |
|
1598
Entegris
ENTG
$21.2B
| $2.56M | 0.01% |
211,571
+159,871
| +309% | +$1.86M |
|
1599
AMC Global Media
AMCX
$530M
| $2.56M | 0.01% |
35,000
-218,783
| -86% | -$15.3M |
|
|
CHTP
1600
CALL
DELISTED
CHELSEA THERAPEUTICS INT'L LTD
CHTP
| $2.56M | 0.01% |
+463,200
| New | +$2.32M |
|
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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.