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 | |
|---|---|---|---|---|---|---|
1751
Berkshire Hathaway Class B
BRK.B
$1.08T
| $2.05M | 0.01% |
16,394
-60,512
| -79% | -$7.07M |
|
1752
Comtech Telecommunications
CMTL
$52.7M
| $2.05M | 0.01% |
64,290
-5,363
| -8% | -$169K |
|
1753
PUT
Costco
COST
$424B
| $2.04M | 0.01% |
18,300
+2,300
| +14% | +$263K |
|
|
P
1754
DELISTED
Pandora Media Inc
P
| $2.04M | 0.01% |
67,381
-1,140,838
| -94% | -$39.5M |
|
1755
Travel + Leisure Co
TNL
$4.51B
| $2.04M | 0.01% |
61,765
-110,427
| -64% | -$3.6M |
|
1756
NMI Holdings
NMIH
$3.4B
| $2.04M | 0.01% |
173,700
-65,300
| -27% | -$775K |
|
|
UAM
1757
DELISTED
Universal American Corp
UAM
| $2.03M | 0.01% |
287,230
-50,452
| -15% | -$358K |
|
|
CTLP
1758
DELISTED
Cantaloupe
CTLP
| $2.03M | 0.01% |
980,500
+45,500
| +5% | +$95.3K |
|
|
AVIV
1759
DELISTED
AVIV REIT INC COM STK (MD)
AVIV
| $2.02M | 0.01% |
+82,840
| New | +$2.02M |
|
1760
CALL
Royal Gold
RGLD
$22.5B
| $2.02M | 0.01% |
32,300
+6,000
| +23% | +$369K |
|
|
ARIA
1761
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $2.02M | 0.01% |
250,600
-1,216,184
| -83% | -$9.47M |
|
1762
Cytokinetics
CYTK
$11B
| $2.02M | 0.01% |
212,507
-342,152
| -62% | -$3.09M |
|
1763
APA Corp
APA
$14.4B
| $2.02M | 0.01% |
24,312
-320,837
| -93% | -$26.3M |
|
1764
Everest Group
EG
$14.6B
| $2.01M | 0.01% |
+13,132
| New | +$1.94M |
|
|
EXAM
1765
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $2.01M | 0.01% |
+57,414
| New | +$1.86M |
|
1766
Haverty Furniture Companies
HVT
$425M
| $2.01M | 0.01% |
67,609
+25,700
| +61% | +$738K |
|
|
SSI
1767
DELISTED
Stage Stores Inc
SSI
| $2.01M | 0.01% |
+82,093
| New | +$1.74M |
|
|
OREX
1768
CALL
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $2M | 0.01% |
30,830
+14,540
| +89% | +$983K |
|
1769
Hain Celestial
HAIN
$69.9M
| $2M | 0.01% |
43,772
-208,440
| -83% | -$9.5M |
|
1770
Kelly Services Class A
KELYA
$590M
| $2M | 0.01% |
84,217
+34,423
| +69% | +$839K |
|
|
ENH
1771
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $2M | 0.01% |
37,114
+33,071
| +818% | +$1.76M |
|
|
DO
1772
DELISTED
Diamond Offshore Drilling
DO
| $1.99M | 0.01% |
40,885
-83,255
| -67% | -$4.1M |
|
1773
CALL
Accenture
ACN
$111B
| $1.99M | 0.01% |
+25,000
| New | +$2.05M |
|
|
1774
PUT
Accenture
ACN
$111B
| $1.99M | 0.01% |
25,000
+21,600
| +635% | +$1.77M |
|
1775
STAAR Surgical
STAA
$1.15B
| $1.99M | 0.01% |
+105,948
| New | +$1.71M |
|
Similar funds
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.