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 | |
|---|---|---|---|---|---|---|
|
SPR
1626
DELISTED
Spirit AeroSystems
SPR
| $2.46M | 0.01% |
87,202
-367,623
| -81% | -$11.2M |
|
1627
Regency Centers
REG
$14B
| $2.46M | 0.01% |
48,121
+39,195
| +439% | +$1.93M |
|
|
EE
1628
DELISTED
El Paso Electric Company
EE
| $2.46M | 0.01% |
68,742
+45,543
| +196% | +$1.61M |
|
1629
LeMaitre Vascular
LMAT
$1.81B
| $2.45M | 0.01% |
303,283
+201,790
| +199% | +$1.61M |
|
1630
PUT
NRG Energy
NRG
$23.9B
| $2.44M | 0.01% |
76,700
+68,000
| +782% | +$1.95M |
|
1631
CALL
Texas Instruments
TXN
$237B
| $2.43M | 0.01% |
+51,600
| New | +$2.28M |
|
1632
CALL
UnitedHealth
UNH
$356B
| $2.43M | 0.01% |
+29,600
| New | +$2.23M |
|
|
WLB
1633
DELISTED
Westmoreland Coal Company
WLB
| $2.43M | 0.01% |
+81,460
| New | +$1.84M |
|
|
1634
Ameren
AEE
$29.6B
| $2.42M | 0.01% |
58,788
-3,636,478
| -98% | -$140M |
|
|
PIR
1635
CALL
DELISTED
Pier 1 Imports, Inc.
PIR
| $2.42M | 0.01% |
+6,410
| New | +$2.52M |
|
1636
LiveRamp
RAMP
$2.29B
| $2.42M | 0.01% |
70,324
-240
| -0.3% | -$8.64K |
|
1637
GATX Corp
GATX
$6.33B
| $2.41M | 0.01% |
35,513
+13,884
| +64% | +$834K |
|
1638
Heron Therapeutics
HRTX
$61.3M
| $2.4M | 0.01% |
+172,697
| New | +$2.31M |
|
1639
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $2.4M | 0.01% |
126,504
+87,232
| +222% | +$1.49M |
|
|
POM
1640
DELISTED
PEPCO HOLDINGS, INC.
POM
| $2.4M | 0.01% |
+117,067
| New | +$2.3M |
|
|
LMOS
1641
DELISTED
Lumos Networks Corp
LMOS
| $2.39M | 0.01% |
178,968
-6,426
| -3% | -$110K |
|
1642
ExxonMobil
XOM
$661B
| $2.39M | 0.01% |
24,473
+23
| +0.1% | +$2.19K |
|
1643
Mid-America Apartment Communities
MAA
$15.3B
| $2.39M | 0.01% |
34,961
+16,232
| +87% | +$1.06M |
|
|
ECYT
1644
DELISTED
Endocyte, Inc. Common Stock
ECYT
| $2.39M | 0.01% |
+100,229
| New | +$1.45M |
|
|
TROVW
1645
DELISTED
TrovaGene, Inc. Warrant
TROVW
| $2.39M | 0.01% |
537,386
-505
| -0.1% | -$2.15K |
|
|
ANH
1646
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $2.38M | 0.01% |
480,358
-399,413
| -45% | -$1.94M |
|
|
TCS
1647
PUT
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $2.38M | 0.01% |
+4,673
| New | +$2.57M |
|
1648
CALL
Patterson-UTI
PTEN
$4.39B
| $2.38M | 0.01% |
+75,000
| New | +$2.09M |
|
1649
Kinder Morgan
KMI
$68.9B
| $2.37M | 0.01% |
73,031
+41,531
| +132% | +$1.39M |
|
|
JNPR
1650
PUT
DELISTED
Juniper Networks
JNPR
| $2.37M | 0.01% |
+92,000
| New | +$2.4M |
|
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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.