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 | |
|---|---|---|---|---|---|---|
1801
CALL
Mattel
MAT
$4.35B
| $1.95M | 0.01% |
+48,500
| New | +$1.93M |
|
|
VDTH
1802
DELISTED
Videocon d2h Limited
VDTH
| $1.94M | 0.01% |
200,000
| – | – |
|
|
FBR
1803
DELISTED
Fibria Celulose Sa
FBR
| $1.94M | 0.01% |
175,469
-254,541
| -59% | -$2.77M |
|
|
ARRY
1804
DELISTED
Array Biopharma Inc
ARRY
| $1.94M | 0.01% |
412,031
-550,484
| -57% | -$2.77M |
|
|
NXGN
1805
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.94M | 0.01% |
114,703
-70,743
| -38% | -$1.28M |
|
|
MTEM
1806
DELISTED
Molecular Templates, Inc.
MTEM
| $1.94M | 0.01% |
2,465
-1,761
| -42% | -$1.43M |
|
|
ALOG
1807
DELISTED
Analogic Corp
ALOG
| $1.93M | 0.01% |
23,547
+19,664
| +506% | +$1.76M |
|
|
LNKD
1808
DELISTED
LinkedIn Corporation
LNKD
| $1.93M | 0.01% |
10,450
-144,469
| -93% | -$29.6M |
|
1809
CALL
Herc Holdings
HRI
$5.22B
| $1.93M | 0.01% |
24,133
+1,766
| +8% | +$142K |
|
1810
Employers Holdings
EIG
$883M
| $1.93M | 0.01% |
95,328
-25,459
| -21% | -$591K |
|
1811
Sonoco
SON
$5.69B
| $1.93M | 0.01% |
46,998
-27,514
| -37% | -$1.14M |
|
|
NPKI
1812
CALL
NPK International
NPKI
$1.12B
| $1.93M | 0.01% |
+168,200
| New | +$1.92M |
|
1813
PUT
Stanley Black & Decker
SWK
$15.1B
| $1.93M | 0.01% |
23,700
-39,300
| -62% | -$3.15M |
|
|
SGEN
1814
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.93M | 0.01% |
42,248
-145,160
| -77% | -$6.94M |
|
1815
Oaktree Specialty Lending
OCSL
$1.15B
| $1.92M | 0.01% |
67,720
-129,773
| -66% | -$3.7M |
|
|
MR
1816
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $1.92M | 0.01% |
59,397
-140,415
| -70% | -$4.92M |
|
1817
Future Fuel
FF
$233M
| $1.92M | 0.01% |
94,639
-110,182
| -54% | -$1.9M |
|
|
BBG
1818
DELISTED
Bill Barrett Corp
BBG
| $1.91M | 0.01% |
74,716
-815,824
| -92% | -$20.9M |
|
1819
CALL
APA Corp
APA
$14.4B
| $1.91M | 0.01% |
23,000
-240,100
| -91% | -$19.7M |
|
|
BIN
1820
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $1.9M | 0.01% |
75,230
+58,093
| +339% | +$1.4M |
|
1821
Lennox International
LII
$13.6B
| $1.89M | 0.01% |
20,817
-200,266
| -91% | -$17.8M |
|
|
MDCO
1822
PUT
DELISTED
Medicines Co
MDCO
| $1.89M | 0.01% |
66,500
+44,500
| +202% | +$1.47M |
|
1823
Vera Bradley
VRA
$95.3M
| $1.89M | 0.01% |
+69,919
| New | +$1.79M |
|
1824
Jefferies Financial Group
JEF
$12.2B
| $1.89M | 0.01% |
75,233
+8,238
| +12% | +$203K |
|
|
MDP
1825
DELISTED
Meredith Corporation
MDP
| $1.89M | 0.01% |
40,627
-85,177
| -68% | -$3.91M |
|
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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.