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 | |
|---|---|---|---|---|---|---|
|
SPLK
1601
DELISTED
Splunk Inc
SPLK
| $2.54M | 0.01% |
35,525
-177,458
| -83% | -$14.5M |
|
|
PAY
1602
CALL
DELISTED
Verifone Systems Inc
PAY
| $2.53M | 0.01% |
74,800
-23,100
| -24% | -$685K |
|
1603
CALL
Ciena
CIEN
$54.9B
| $2.52M | 0.01% |
110,800
+86,500
| +356% | +$2.03M |
|
1604
Ligand Pharmaceuticals
LGND
$5.62B
| $2.52M | 0.01% |
+60,031
| New | +$2.5M |
|
1605
United Parks & Resorts
PRKS
$1.98B
| $2.52M | 0.01% |
83,295
-525,081
| -86% | -$16.9M |
|
1606
KT
KT
$9.16B
| $2.52M | 0.01% |
181,034
+141,334
| +356% | +$1.97M |
|
|
MM
1607
DELISTED
MILLENNIAL MEDIA INC COM STK (DE)
MM
| $2.51M | 0.01% |
363,130
+270,469
| +292% | +$1.91M |
|
|
CWH.PRD
1608
DELISTED
COMMONWEALTH REIT 6.50% PFD CUMV CONV SHS SER D
CWH.PRD
| $2.51M | 0.01% |
+100,000
| New | +$2.26M |
|
1609
United Parcel Service
UPS
$89.5B
| $2.5M | 0.01% |
+25,720
| New | +$2.51M |
|
|
BRCM
1610
CALL
DELISTED
BROADCOM CORP CL-A
BRCM
| $2.5M | 0.01% |
79,600
-244,700
| -75% | -$7.37M |
|
1611
CALL
Caterpillar
CAT
$373B
| $2.5M | 0.01% |
+25,200
| New | +$2.38M |
|
1612
PUT
Phillips 66
PSX
$94.5B
| $2.5M | 0.01% |
32,500
+26,600
| +451% | +$2.03M |
|
1613
Banco de Chile
BCH
$21.5B
| $2.5M | 0.01% |
+111,973
| New | +$2.55M |
|
|
IRBT
1614
DELISTED
iRobot
IRBT
| $2.5M | 0.01% |
60,853
-95,166
| -61% | -$3.81M |
|
1615
TD Synnex
SNX
$20.1B
| $2.49M | 0.01% |
82,192
+58,248
| +243% | +$1.73M |
|
|
DRWI
1616
DELISTED
DragonWave Inc
DRWI
| $2.49M | 0.01% |
71,100
+700
| +1% | +$26.2K |
|
|
SPN
1617
CALL
DELISTED
Superior Energy Services, Inc.
SPN
| $2.48M | 0.01% |
+8,080
| New | +$2.17M |
|
1618
Gentherm
THRM
$1.23B
| $2.48M | 0.01% |
+71,521
| New | +$2.01M |
|
|
CRR
1619
DELISTED
Carbo Ceramics Inc.
CRR
| $2.48M | 0.01% |
17,970
-76,453
| -81% | -$9.05M |
|
1620
PUT
Prothena Corp
PRTA
$484M
| $2.47M | 0.01% |
+88,900
| New | +$2.87M |
|
|
ELOS
1621
DELISTED
Syneron Medical Ltd
ELOS
| $2.47M | 0.01% |
198,038
-43,134
| -18% | -$511K |
|
1622
CALL
Arrowhead Research
ARWR
$12.6B
| $2.46M | 0.01% |
+150,000
| New | +$2.63M |
|
|
MXIM
1623
DELISTED
Maxim Integrated Products
MXIM
| $2.46M | 0.01% |
74,373
-843,344
| -92% | -$25.9M |
|
1624
Nexstar Media Group
NXST
$5.83B
| $2.46M | 0.01% |
65,557
+55,457
| +549% | +$2.4M |
|
|
AEL
1625
DELISTED
American Equity Investment Life Holding Company
AEL
| $2.46M | 0.01% |
104,127
-411,900
| -80% | -$9.5M |
|
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.