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 | |
|---|---|---|---|---|---|---|
|
CNH
1776
CNH Industrial
CNH
$18.8B
| $1.99M | 0.01% |
198,763
+97,099
| +96% | +$933K |
|
1777
Hawaiian Electric Industries
HE
$1.96B
| $1.98M | 0.01% |
78,041
+50,169
| +180% | +$1.28M |
|
|
NXTM
1778
CALL
DELISTED
NxStage Medical Inc.
NXTM
| $1.98M | 0.01% |
+155,700
| New | +$2.03M |
|
1779
InterContinental Hotels
IHG
$24.4B
| $1.98M | 0.01% |
42,791
+36,114
| +541% | +$1.68M |
|
|
AYR
1780
DELISTED
Aircastle Ltd
AYR
| $1.98M | 0.01% |
101,986
-87,086
| -46% | -$1.66M |
|
|
ININ
1781
DELISTED
Interactive Intelligence Group, inc.
ININ
| $1.97M | 0.01% |
27,213
-15,875
| -37% | -$1.17M |
|
1782
Enerpac Tool Group
EPAC
$1.91B
| $1.97M | 0.01% |
57,701
-5,583
| -9% | -$193K |
|
1783
CorMedix
CRMD
$661M
| $1.97M | 0.01% |
156,889
+68,284
| +77% | +$803K |
|
|
BEAT
1784
DELISTED
BioTelemetry, Inc.
BEAT
| $1.97M | 0.01% |
195,167
+113,601
| +139% | +$1.05M |
|
|
PSB
1785
DELISTED
PS Business Parks, Inc.
PSB
| $1.96M | 0.01% |
23,487
-30,991
| -57% | -$2.5M |
|
|
NFBK
1786
DELISTED
Northfield Bancorp
NFBK
| $1.96M | 0.01% |
152,616
+111,708
| +273% | +$1.43M |
|
1787
RingCentral
RNG
$5.48B
| $1.96M | 0.01% |
+108,380
| New | +$2.18M |
|
1788
Onto Innovation
ONTO
$17.6B
| $1.96M | 0.01% |
109,126
+81,072
| +289% | +$1.47M |
|
|
MAGN
1789
Magnera Corp
MAGN
$446M
| $1.96M | 0.01% |
5,542
+2,487
| +81% | +$941K |
|
|
MGI
1790
DELISTED
MoneyGram International, Inc. New
MGI
| $1.96M | 0.01% |
111,077
+54,173
| +95% | +$1.02M |
|
|
WLH
1791
DELISTED
WILLIAM LYON HOMES
WLH
| $1.96M | 0.01% |
71,032
-7,921
| -10% | -$209K |
|
1792
Prologis
PLD
$136B
| $1.96M | 0.01% |
47,991
-549,028
| -92% | -$21.6M |
|
1793
Cadence Design Systems
CDNS
$92.1B
| $1.96M | 0.01% |
126,004
-193,018
| -61% | -$2.86M |
|
1794
Royal Gold
RGLD
$22.4B
| $1.96M | 0.01% |
31,265
+22,365
| +251% | +$1.38M |
|
|
SAFM
1795
DELISTED
Sanderson Farms Inc
SAFM
| $1.96M | 0.01% |
24,935
-2,708
| -10% | -$202K |
|
|
BKS
1796
CALL
DELISTED
Barnes & Noble
BKS
| $1.96M | 0.01% |
142,834
+916
| +0.6% | +$10.5K |
|
|
GGP
1797
CALL
DELISTED
GGP Inc.
GGP
| $1.96M | 0.01% |
88,900
| – | – |
|
1798
Nektar Therapeutics
NKTR
$2.53B
| $1.95M | 0.01% |
10,745
-1,027
| -9% | -$203K |
|
1799
CALL
RTX Corp
RTX
$286B
| $1.95M | 0.01% |
+26,536
| New | +$1.91M |
|
|
WAC
1800
DELISTED
Walter Investment Mgt Corp
WAC
| $1.95M | 0.01% |
65,306
+45,639
| +232% | +$1.37M |
|
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.