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 | |
|---|---|---|---|---|---|---|
1701
WisdomTree Japan Hedged Equity Fund
DXJ
$7.27B
| $2.19M | 0.01% |
46,298
+1,799
| +4% | +$85.7K |
|
1702
Rockwell Medical
RMTI
$32M
| $2.19M | 0.01% |
1,573
-1,812
| -54% | -$2.36M |
|
|
RPXC
1703
DELISTED
RPX Corporation
RPXC
| $2.19M | 0.01% |
134,448
+52,958
| +65% | +$864K |
|
|
LMNS
1704
DELISTED
LUMENIS LTD CL B ORD SHS (ISR)
LMNS
| $2.19M | 0.01% |
+194,073
| New | +$2.31M |
|
|
DRII
1705
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $2.17M | 0.01% |
128,180
+93,260
| +267% | +$1.68M |
|
|
PPO
1706
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $2.17M | 0.01% |
+63,459
| New | +$2.22M |
|
1707
EnerSys
ENS
$7.01B
| $2.17M | 0.01% |
31,250
+7,127
| +30% | +$500K |
|
|
CSGS
1708
DELISTED
CSG Systems International
CSGS
| $2.16M | 0.01% |
83,107
+32,396
| +64% | +$914K |
|
1709
PUT
Carnival Corporation Ltd
CCL
$35.8B
| $2.16M | 0.01% |
+95,000
| New | +$3.77M |
|
|
SD
1710
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $2.15M | 0.01% |
350,922
+305,822
| +678% | +$1.91M |
|
1711
Old National Bancorp
ONB
$9.82B
| $2.15M | 0.01% |
144,407
+14,118
| +11% | +$201K |
|
1712
CALL
Incyte
INCY
$26.3B
| $2.15M | 0.01% |
40,200
+20,500
| +104% | +$1.27M |
|
|
BLT
1713
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $2.15M | 0.01% |
180,811
-15,174
| -8% | -$192K |
|
1714
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $2.15M | 0.01% |
+66,073
| New | +$2.15M |
|
1715
Crane NXT
CXT
$2.89B
| $2.15M | 0.01% |
86,917
-333,857
| -79% | -$7.88M |
|
1716
CALL
KB Home
KBH
$3.5B
| $2.15M | 0.01% |
126,300
+114,400
| +961% | +$2.1M |
|
|
PPS
1717
DELISTED
Post Properties
PPS
| $2.14M | 0.01% |
43,663
-32,648
| -43% | -$1.56M |
|
1718
Orthofix Medical
OFIX
$393M
| $2.14M | 0.01% |
71,016
-483,483
| -87% | -$11.1M |
|
1719
First Financial Bankshares
FFIN
$4.83B
| $2.14M | 0.01% |
138,512
+95,896
| +225% | +$1.49M |
|
|
FARO
1720
DELISTED
Faro Technologies
FARO
| $2.14M | 0.01% |
40,310
+30,964
| +331% | +$1.67M |
|
1721
Check Point Software Technologies
CHKP
$13.2B
| $2.13M | 0.01% |
+31,500
| New | +$2.08M |
|
|
SAVE
1722
DELISTED
Spirit Airlines, Inc.
SAVE
| $2.13M | 0.01% |
+35,813
| New | +$1.88M |
|
|
DFS
1723
DELISTED
Discover Financial Services
DFS
| $2.12M | 0.01% |
36,425
-464,119
| -93% | -$26M |
|
1724
PDF Solutions
PDFS
$1.87B
| $2.12M | 0.01% |
+116,440
| New | +$2.57M |
|
|
AWH
1725
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $2.12M | 0.01% |
61,524
-25,614
| -29% | -$879K |
|
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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.