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 | |
|---|---|---|---|---|---|---|
|
CNW
1726
DELISTED
CON-WAY INC.
CNW
| $2.11M | 0.01% |
51,405
-250,211
| -83% | -$9.84M |
|
|
AUY
1727
DELISTED
Yamana Gold, Inc.
AUY
| $2.11M | 0.01% |
240,400
-745,840
| -76% | -$7.21M |
|
1728
Energy Transfer Partners
ET
$72.4B
| $2.1M | 0.01% |
90,000
-14,000
| -13% | -$302K |
|
1729
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.68B
| $2.1M | 0.01% |
16,969
-11,497
| -40% | -$1.41M |
|
1730
Sanofi
SNY
$110B
| $2.1M | 0.01% |
+40,200
| New | +$2.03M |
|
|
VVC
1731
DELISTED
Vectren Corporation
VVC
| $2.1M | 0.01% |
53,366
-20,854
| -28% | -$771K |
|
1732
Marvell Technology
MRVL
$216B
| $2.1M | 0.01% |
133,401
-1,174,064
| -90% | -$17.9M |
|
|
BRS
1733
DELISTED
Bristow Group, Inc.
BRS
| $2.1M | 0.01% |
27,745
-117,511
| -81% | -$8.71M |
|
1734
CALL
Apple
AAPL
$4.52T
| $2.09M | 0.01% |
109,200
+16,800
| +18% | +$320K |
|
|
ACH
1735
Accendra Health
ACH
$89.2M
| $2.09M | 0.01% |
59,724
+15,400
| +35% | +$543K |
|
1736
Lincoln Electric
LECO
$15.3B
| $2.08M | 0.01% |
28,955
-118,899
| -80% | -$8.52M |
|
1737
PUT
Boeing
BA
$167B
| $2.08M | 0.01% |
16,600
-26,500
| -61% | -$3.45M |
|
1738
Automatic Data Processing
ADP
$112B
| $2.08M | 0.01% |
30,639
+22,894
| +296% | +$1.56M |
|
|
THR
1739
DELISTED
Thermon Group Holdings
THR
| $2.08M | 0.01% |
89,561
-9,810
| -10% | -$252K |
|
|
SAPE
1740
DELISTED
SAPIENT CORP
SAPE
| $2.08M | 0.01% |
121,705
-174,956
| -59% | -$2.93M |
|
1741
NorthWestern Energy
NWE
$4.36B
| $2.08M | 0.01% |
43,742
+9,233
| +27% | +$417K |
|
1742
REX American Resources
REX
$1.37B
| $2.08M | 0.01% |
218,250
+151,410
| +227% | +$1.16M |
|
1743
CALL
Kinross Gold
KGC
$39.7B
| $2.07M | 0.01% |
500,000
-1,500,000
| -75% | -$7.19M |
|
|
STKL
1744
DELISTED
SunOpta
STKL
| $2.07M | 0.01% |
+175,000
| New | +$1.76M |
|
|
DWRE
1745
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $2.07M | 0.01% |
32,274
-29,851
| -48% | -$2.08M |
|
|
POT
1746
PUT
DELISTED
Potash Corp Of Saskatchewan
POT
| $2.06M | 0.01% |
57,000
-3,000
| -5% | -$101K |
|
|
HUB.B
1747
DELISTED
HUBBELL INC CL-B
HUB.B
| $2.05M | 0.01% |
17,135
-222,214
| -93% | -$26.1M |
|
|
OWW
1748
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $2.05M | 0.01% |
261,808
-2,437
| -0.9% | -$19.5K |
|
|
FCH
1749
DELISTED
Felcor Lodging Trust
FCH
| $2.05M | 0.01% |
227,076
+60,530
| +36% | +$515K |
|
|
CTCM
1750
DELISTED
CTC MEDIA INC COM STK
CTCM
| $2.05M | 0.01% |
222,753
+164,985
| +286% | +$1.82M |
|
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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.