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 | |
|---|---|---|---|---|---|---|
1651
Expeditors International
EXPD
$24.6B
| $2.37M | 0.01% |
59,742
-6,682
| -10% | -$274K |
|
|
GHL
1652
DELISTED
Greenhill & Co., Inc.
GHL
| $2.35M | 0.01% |
45,275
-32,199
| -42% | -$1.74M |
|
|
LTC
1653
LTC Properties
LTC
$2.19B
| $2.35M | 0.01% |
+62,475
| New | +$2.32M |
|
1654
Primerica
PRI
$9.16B
| $2.34M | 0.01% |
49,664
-58,130
| -54% | -$2.58M |
|
1655
News Corp Class B
NWS
$19B
| $2.34M | 0.01% |
140,041
+116,128
| +486% | +$1.97M |
|
|
CATM
1656
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $2.34M | 0.01% |
60,196
+6,414
| +12% | +$260K |
|
|
SKUL
1657
DELISTED
SKULLCANDY INC
SKUL
| $2.33M | 0.01% |
254,236
+186,436
| +275% | +$1.51M |
|
|
TUMI
1658
DELISTED
TUMI HLDGS INC COM
TUMI
| $2.33M | 0.01% |
102,971
+18,259
| +22% | +$392K |
|
1659
CALL
WEC Energy
WEC
$34.8B
| $2.33M | 0.01% |
50,000
-54,500
| -52% | -$2.35M |
|
|
ABCO
1660
DELISTED
Advisory Board Co
ABCO
| $2.33M | 0.01% |
36,240
-34,227
| -49% | -$2.17M |
|
|
HW
1661
DELISTED
Headwaters Inc
HW
| $2.32M | 0.01% |
175,719
-284,087
| -62% | -$3.39M |
|
1662
CALL
Phillips 66
PSX
$94.5B
| $2.31M | 0.01% |
30,000
+25,500
| +567% | +$1.94M |
|
1663
CALL
Televisa
TV
$1.45B
| $2.31M | 0.01% |
+69,300
| New | +$2.09M |
|
1664
Teleflex
TFX
$5.94B
| $2.3M | 0.01% |
21,482
-55,067
| -72% | -$5.42M |
|
1665
Service Corp International
SCI
$11.5B
| $2.3M | 0.01% |
115,851
-311,691
| -73% | -$5.72M |
|
|
NNA
1666
DELISTED
Navios Maritime Acquisition Corporation
NNA
| $2.3M | 0.01% |
41,864
+24,635
| +143% | +$1.51M |
|
|
ZLC
1667
CALL
DELISTED
ZALE CORPORATION
ZLC
| $2.29M | 0.01% |
+109,500
| New | +$1.98M |
|
|
AHT
1668
Ashford Hospitality Trust
AHT
$21.7M
| $2.29M | 0.01% |
218
-250
| -53% | -$2.3M |
|
1669
Kaiser Aluminum
KALU
$2.51B
| $2.29M | 0.01% |
+32,020
| New | +$2.24M |
|
|
IRD
1670
Opus Genetics
IRD
$342M
| $2.29M | 0.01% |
+4,412
| New | +$2.39M |
|
|
CAMP
1671
DELISTED
CalAmp Corp.
CAMP
| $2.29M | 0.01% |
3,568
-1,928
| -35% | -$1.35M |
|
1672
PUT
Insmed
INSM
$27.1B
| $2.29M | 0.01% |
+120,000
| New | +$2.28M |
|
1673
Williams-Sonoma
WSM
$27.6B
| $2.27M | 0.01% |
68,122
-357,136
| -84% | -$10.4M |
|
|
PMC
1674
DELISTED
PharMerica Corporation
PMC
| $2.26M | 0.01% |
80,703
-135,464
| -63% | -$3.33M |
|
|
RUTH
1675
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.26M | 0.01% |
186,589
+134,120
| +256% | +$1.7M |
|
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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.