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 | |
|---|---|---|---|---|---|---|
1851
Fidelity National Financial
FNF
$12.7B
| $1.79M | 0.01% |
99,758
+37,754
| +61% | +$682K |
|
1852
Diageo
DEO
$52.1B
| $1.79M | 0.01% |
14,371
+11,171
| +349% | +$1.39M |
|
1853
Sumitomo Mitsui Financial
SMFG
$162B
| $1.79M | 0.01% |
206,983
-40,096
| -16% | -$375K |
|
|
MSCC
1854
DELISTED
Microsemi Corp
MSCC
| $1.79M | 0.01% |
71,389
-153,372
| -68% | -$3.7M |
|
1855
AXIS Capital
AXS
$7.3B
| $1.78M | 0.01% |
38,743
-139,063
| -78% | -$6.24M |
|
1856
Arq
ARQ
$93.9M
| $1.77M | 0.01% |
72,272
+4,226
| +6% | +$109K |
|
1857
VEON
VEON
$4.16B
| $1.77M | 0.01% |
7,853
+5,277
| +205% | +$1.36M |
|
|
RSO
1858
DELISTED
Resource Capital Corp.
RSO
| $1.77M | 0.01% |
79,451
-15,031
| -16% | -$353K |
|
|
BRCD
1859
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $1.77M | 0.01% |
166,781
-1,010,361
| -86% | -$9.74M |
|
|
VIRX
1860
DELISTED
Viracta Therapeutics, Inc. Common Stock
VIRX
| $1.77M | 0.01% |
1,274
-1,768
| -58% | -$2.06M |
|
|
EXXI
1861
CALL
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $1.77M | 0.01% |
+75,000
| New | +$1.76M |
|
|
AXAS
1862
DELISTED
Abraxas Petroleum Corp
AXAS
| $1.76M | 0.01% |
22,236
+878
| +4% | +$59.1K |
|
|
STML
1863
DELISTED
Stemline Therapeutics, Inc.
STML
| $1.76M | 0.01% |
86,491
-6,133
| -7% | -$149K |
|
|
XOOM
1864
DELISTED
XOOM CORP COM
XOOM
| $1.76M | 0.01% |
90,081
-57,974
| -39% | -$1.49M |
|
1865
LCI Industries
LCII
$2.5B
| $1.75M | 0.01% |
32,370
+5,266
| +19% | +$265K |
|
1866
Oxford Square Capital
OXSQ
$145M
| $1.75M | 0.01% |
179,280
+77,324
| +76% | +$791K |
|
1867
Packaging Corp of America
PKG
$22B
| $1.75M | 0.01% |
24,885
-9,945
| -29% | -$679K |
|
1868
Boston Beer
SAM
$1.91B
| $1.75M | 0.01% |
7,145
+3,910
| +121% | +$891K |
|
|
EOCC
1869
DELISTED
Enel Generacion Chile S.A.
EOCC
| $1.75M | 0.01% |
+58,515
| New | +$1.66M |
|
|
SZMK
1870
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $1.75M | 0.01% |
+164,500
| New | +$1.81M |
|
1871
Compañía de Cervecerías Unidas
CCU
$2.29B
| $1.75M | 0.01% |
78,109
+20,523
| +36% | +$453K |
|
1872
CALL
Advance Auto Parts
AAP
$2.66B
| $1.75M | 0.01% |
13,800
-500
| -3% | -$60.7K |
|
|
NCI
1873
DELISTED
Navigant Consulting, Inc.
NCI
| $1.74M | 0.01% |
93,210
+78,710
| +543% | +$1.42M |
|
1874
CALL
JetBlue
JBLU
$1.88B
| $1.74M | 0.01% |
200,000
+50,000
| +33% | +$438K |
|
1875
Applied Industrial Technologies
AIT
$12.6B
| $1.74M | 0.01% |
36,011
+30,585
| +564% | +$1.5M |
|
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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.