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 | |
|---|---|---|---|---|---|---|
|
LHO
1676
DELISTED
LaSalle Hotel Properties
LHO
| $2.25M | 0.01% |
71,927
+5,567
| +8% | +$173K |
|
|
SYKE
1677
DELISTED
SYKES Enterprises Inc
SYKE
| $2.25M | 0.01% |
113,145
+52,643
| +87% | +$1.08M |
|
|
CQB
1678
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
| $2.25M | 0.01% |
+180,600
| New | +$2.03M |
|
1679
Green Plains
GPRE
$1.03B
| $2.25M | 0.01% |
75,000
-180,430
| -71% | -$4.42M |
|
|
AVB
1680
CALL
DELISTED
AvalonBay Communities
AVB
| $2.25M | 0.01% |
+17,100
| New | +$2.16M |
|
1681
American Tower
AMT
$83.2B
| $2.24M | 0.01% |
27,407
-25,113
| -48% | -$2.05M |
|
1682
PUT
Ulta Beauty
ULTA
$23.1B
| $2.24M | 0.01% |
23,000
-48,400
| -68% | -$4.36M |
|
1683
New Jersey Resources
NJR
$5.46B
| $2.24M | 0.01% |
89,870
+63,644
| +243% | +$1.46M |
|
|
WW
1684
CALL
DELISTED
WW International
WW
| $2.23M | 0.01% |
108,600
-57,500
| -35% | -$1.45M |
|
1685
Helen of Troy
HELE
$673M
| $2.23M | 0.01% |
+32,167
| New | +$1.96M |
|
|
K
1686
DELISTED
Kellanova
K
| $2.23M | 0.01% |
37,799
-638,324
| -94% | -$36.2M |
|
1687
ProShares UltraShort S&P500
SDS
$396M
| $2.22M | 0.01% |
+784
| New | +$2.34M |
|
1688
PUT
Marathon Petroleum
MPC
$99.7B
| $2.22M | 0.01% |
51,000
-64,600
| -56% | -$2.83M |
|
1689
HSBC
HSBC
$358B
| $2.22M | 0.01% |
50,646
-15,079
| -23% | -$684K |
|
|
PINC
1690
DELISTED
Premier
PINC
| $2.22M | 0.01% |
+67,326
| New | +$2.36M |
|
|
URS
1691
DELISTED
URS CORP
URS
| $2.21M | 0.01% |
47,075
-164,689
| -78% | -$7.98M |
|
|
TRNX
1692
CALL
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $2.21M | 0.01% |
104,300
| – | – |
|
1693
Papa John's
PZZA
$794M
| $2.21M | 0.01% |
+42,332
| New | +$2.09M |
|
1694
BioMarin Pharmaceuticals
BMRN
$12.8B
| $2.2M | 0.01% |
32,307
-916,023
| -97% | -$67.5M |
|
|
HI
1695
DELISTED
Hillenbrand
HI
| $2.2M | 0.01% |
68,180
-29,311
| -30% | -$867K |
|
|
AUY
1696
CALL
DELISTED
Yamana Gold, Inc.
AUY
| $2.2M | 0.01% |
250,500
-299,500
| -54% | -$2.9M |
|
|
HBI
1697
DELISTED
Hanesbrands
HBI
| $2.2M | 0.01% |
114,828
-1,526,164
| -93% | -$27.4M |
|
|
NEWP
1698
DELISTED
NEWPORT CORP
NEWP
| $2.2M | 0.01% |
106,187
+41,848
| +65% | +$813K |
|
1699
Winnebago Industries
WGO
$901M
| $2.19M | 0.01% |
+80,105
| New | +$2.1M |
|
1700
Asbury Automotive
ABG
$3.87B
| $2.19M | 0.01% |
39,647
-66,687
| -63% | -$3.4M |
|
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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.