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 | |
|---|---|---|---|---|---|---|
|
HES
151
DELISTED
Hess
HES
| $49.4M | 0.14% |
596,574
+417,966
| +234% | +$33.2M |
|
152
Occidental Petroleum
OXY
$61.3B
| $48.9M | 0.14% |
535,922
-123,235
| -19% | -$11M |
|
153
Agilent Technologies
A
$44.9B
| $48.8M | 0.14% |
1,220,339
-901,633
| -42% | -$37.1M |
|
|
CIE
154
DELISTED
Cobalt International Energy, Inc
CIE
| $48.6M | 0.14% |
176,966
-61,872
| -26% | -$16.1M |
|
155
Dominion Energy
D
$58.6B
| $48.5M | 0.14% |
683,827
+609,174
| +816% | +$41.6M |
|
|
CLNY
156
DELISTED
Colony Capital, Inc.
CLNY
| $48.3M | 0.14% |
2,202,611
+1,642,219
| +293% | +$36.2M |
|
157
Caterpillar
CAT
$381B
| $48.3M | 0.14% |
486,181
+386,904
| +390% | +$36.5M |
|
158
Insulet
PODD
$10.3B
| $48.1M | 0.14% |
1,014,379
+18,241
| +2% | +$807K |
|
159
Ryman Hospitality Properties
RHP
$8.86B
| $47.9M | 0.14% |
1,126,224
+695,001
| +161% | +$29.5M |
|
|
ANDV
160
DELISTED
Andeavor
ANDV
| $47.6M | 0.14% |
941,851
-2,145,025
| -69% | -$111M |
|
161
Bankunited
BKU
$3.3B
| $47.5M | 0.14% |
1,367,542
+442,633
| +48% | +$14.5M |
|
162
Ulta Beauty
ULTA
$22.4B
| $47.3M | 0.14% |
485,129
+37,321
| +8% | +$3.36M |
|
163
Dollar Tree
DLTR
$25.3B
| $46.3M | 0.13% |
887,328
+401,451
| +83% | +$21.4M |
|
164
Armstrong World Industries
AWI
$7.55B
| $46.3M | 0.13% |
868,651
-115,582
| -12% | -$6.58M |
|
165
Amgen
AMGN
$238B
| $46.2M | 0.13% |
374,440
+153,039
| +69% | +$18.6M |
|
|
AXE
166
DELISTED
Anixter International Inc
AXE
| $46M | 0.13% |
+453,049
| New | +$44.2M |
|
167
Darden Restaurants
DRI
$25.2B
| $46M | 0.13% |
1,013,245
-479,392
| -32% | -$21.4M |
|
168
MetLife
MET
$60B
| $45.9M | 0.13% |
976,063
+918,230
| +1,588% | +$42.2M |
|
169
Visa
V
$693B
| $45.9M | 0.13% |
850,752
-329,200
| -28% | -$18.3M |
|
170
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $45.9M | 0.13% |
45,565
+38,555
| +550% | +$36.6M |
|
171
Icon
ICLR
$13.3B
| $45.5M | 0.13% |
956,465
+206,331
| +28% | +$9.2M |
|
|
ATVI
172
DELISTED
Activision Blizzard
ATVI
| $45.4M | 0.13% |
+2,222,608
| New | +$42.2M |
|
173
Sun Communities
SUI
$14.8B
| $45.3M | 0.13% |
+1,004,358
| New | +$45.3M |
|
|
PCP
174
DELISTED
PRECISION CASTPARTS CORP
PCP
| $45.2M | 0.13% |
178,633
+157,556
| +748% | +$40.8M |
|
175
HCA Healthcare
HCA
$92.9B
| $44.9M | 0.13% |
854,522
+217,338
| +34% | +$10.8M |
|
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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.