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 | |
|---|---|---|---|---|---|---|
|
WPRT
1876
Westport Fuel Systems
WPRT
$35.5M
| $1.74M | 0.01% |
+11,992
| New | +$2.07M |
|
1877
Casey's General Stores
CASY
$29.9B
| $1.73M | 0.01% |
25,562
-52,830
| -67% | -$3.58M |
|
|
WAIR
1878
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $1.73M | 0.01% |
78,500
+11,897
| +18% | +$259K |
|
|
EJ
1879
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $1.73M | 0.01% |
153,687
-115,076
| -43% | -$1.42M |
|
|
NUAN
1880
DELISTED
Nuance Communications, Inc.
NUAN
| $1.72M | 0.01% |
115,962
+23,677
| +26% | +$318K |
|
|
TWER
1881
DELISTED
Towerstream Corporation Common Stock
TWER
| $1.72M | 0.01% |
36,652
-3,343
| -8% | -$179K |
|
1882
Axos Financial
AX
$5.56B
| $1.72M | 0.01% |
+80,248
| New | +$1.72M |
|
1883
Criteo S.A.
CRTO
$831M
| $1.72M | 0.01% |
+42,366
| New | +$1.75M |
|
1884
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $1.72M | 0.01% |
39,837
+3,062
| +8% | +$129K |
|
|
CPL
1885
DELISTED
CPFL Energia S.A.
CPL
| $1.72M | 0.01% |
111,080
+99,044
| +823% | +$1.39M |
|
|
MBFI
1886
DELISTED
MB Financial Corp
MBFI
| $1.72M | 0.01% |
55,382
+6,283
| +13% | +$191K |
|
|
STSA
1887
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
| $1.71M | 0.01% |
51,416
| – | – |
|
1888
Arch Capital
ACGL
$34.4B
| $1.71M | 0.01% |
89,139
-36,771
| -29% | -$682K |
|
|
SAFE
1889
Safehold
SAFE
$1.09B
| $1.71M | 0.01% |
23,801
-44,996
| -65% | -$3.3M |
|
1890
Lumen
LUMN
$6.28B
| $1.71M | 0.01% |
52,000
+15,180
| +41% | +$464K |
|
|
RJET
1891
DELISTED
REPUBLIC AWYS HLDGS INC
RJET
| $1.71M | 0.01% |
+186,851
| New | +$1.81M |
|
|
DF
1892
DELISTED
Dean Foods Company
DF
| $1.71M | ﹤0.01% |
110,432
-1,590,110
| -94% | -$24.8M |
|
|
LF
1893
DELISTED
LEAPFROG ENTERPRISES INC.
LF
| $1.71M | ﹤0.01% |
227,269
-34,575
| -13% | -$253K |
|
|
MN
1894
DELISTED
MANNING & NAPIER, INC.
MN
| $1.7M | ﹤0.01% |
101,549
+74,016
| +269% | +$1.19M |
|
1895
InterDigital
IDCC
$8.89B
| $1.7M | ﹤0.01% |
51,345
-130,914
| -72% | -$3.9M |
|
1896
AMN Healthcare
AMN
$1.33B
| $1.7M | ﹤0.01% |
123,571
-89,583
| -42% | -$1.29M |
|
1897
CALL
International Paper
IP
$21.9B
| $1.69M | ﹤0.01% |
+39,512
| New | +$1.76M |
|
1898
Jazz Pharmaceuticals
JAZZ
$16.2B
| $1.69M | ﹤0.01% |
12,191
-87,100
| -88% | -$13.1M |
|
1899
FreightCar America
RAIL
$238M
| $1.69M | ﹤0.01% |
+72,764
| New | +$1.76M |
|
|
SYA
1900
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $1.69M | ﹤0.01% |
85,052
-76,577
| -47% | -$1.48M |
|
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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.