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 | |
|---|---|---|---|---|---|---|
1901
CALL
BlackBerry
BB
$4.57B
| $1.68M | ﹤0.01% |
+208,200
| New | +$1.95M |
|
1902
Hanmi Financial
HAFC
$921M
| $1.67M | ﹤0.01% |
71,845
-45,386
| -39% | -$1.03M |
|
1903
Trustmark
TRMK
$2.69B
| $1.67M | ﹤0.01% |
66,011
-77,223
| -54% | -$1.92M |
|
1904
Unifirst Corp
UNF
$5.21B
| $1.67M | ﹤0.01% |
15,210
-36,656
| -71% | -$3.98M |
|
1905
CALL
Goldman Sachs
GS
$303B
| $1.67M | ﹤0.01% |
+10,200
| New | +$1.72M |
|
|
AGEN
1906
Agenus
AGEN
$371M
| $1.67M | ﹤0.01% |
+26,767
| New | +$1.86M |
|
1907
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$295M
| $1.66M | ﹤0.01% |
24,630
+9,426
| +62% | +$674K |
|
1908
Blackstone
BX
$107B
| $1.66M | ﹤0.01% |
+50,950
| New | +$1.63M |
|
|
MXWL
1909
DELISTED
Maxwell Technologies Inc
MXWL
| $1.66M | ﹤0.01% |
128,694
+47,185
| +58% | +$481K |
|
|
FCRD
1910
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.66M | ﹤0.01% |
120,471
+77,384
| +180% | +$1.19M |
|
1911
Green Dot
GDOT
$761M
| $1.66M | ﹤0.01% |
85,008
-29,090
| -25% | -$644K |
|
|
BT
1912
DELISTED
BT Group plc (ADR)
BT
| $1.66M | ﹤0.01% |
51,990
+36,790
| +242% | +$1.19M |
|
|
LNCE
1913
DELISTED
Snyders-Lance, Inc.
LNCE
| $1.66M | ﹤0.01% |
58,883
+42,883
| +268% | +$1.17M |
|
1914
Idexx Laboratories
IDXX
$43.6B
| $1.66M | ﹤0.01% |
27,278
-108,742
| -80% | -$6.48M |
|
|
TUES
1915
DELISTED
Tuesday Morning Corp
TUES
| $1.65M | ﹤0.01% |
116,892
+56,292
| +93% | +$812K |
|
1916
Amkor Technology
AMKR
$12B
| $1.64M | ﹤0.01% |
239,146
+114,617
| +92% | +$670K |
|
1917
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.1B
| $1.64M | ﹤0.01% |
50,528
+2,722
| +6% | +$88.8K |
|
|
EDE
1918
DELISTED
Empire District Electric
EDE
| $1.63M | ﹤0.01% |
67,152
+36,254
| +117% | +$843K |
|
|
ONE
1919
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $1.63M | ﹤0.01% |
225,706
+39,090
| +21% | +$315K |
|
1920
Innospec
IOSP
$2.36B
| $1.63M | ﹤0.01% |
36,071
+28,771
| +394% | +$1.27M |
|
1921
PUT
Vail Resorts
MTN
$5.3B
| $1.63M | ﹤0.01% |
23,400
+11,500
| +97% | +$816K |
|
|
TECD
1922
DELISTED
Tech Data Corp
TECD
| $1.63M | ﹤0.01% |
26,761
+3,939
| +17% | +$218K |
|
1923
PUT
Gold Fields
GFI
$42.6B
| $1.63M | ﹤0.01% |
441,600
+6,200
| +1% | +$22.8K |
|
1924
CALL
RH
RH
$2.81B
| $1.63M | ﹤0.01% |
22,100
+16,900
| +325% | +$1.05M |
|
1925
iShares Russell 2000 Value ETF
IWN
$14.6B
| $1.63M | ﹤0.01% |
16,116
+2,563
| +19% | +$253K |
|
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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.