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 | Miscellaneous | 15.65% |
| 2 | Healthcare | 13.77% |
| 3 | Energy | 13.48% |
| 4 | Utilities | 8.99% |
| 5 | Financials | 8.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1926
ServiceNow
NOW
$143B
| $1.63M | ﹤0.01% |
135,575
-264,890
| -66% | -$3.37M |
|
|
BWP
1927
DELISTED
Boardwalk Pipeline Partners
BWP
| $1.62M | ﹤0.01% |
+121,000
| New | +$2.17M |
|
1928
Adtran
ADTN
$633M
| $1.62M | ﹤0.01% |
+66,321
| New | +$1.71M |
|
1929
iShares MSCI South Korea ETF
EWY
$28B
| $1.61M | ﹤0.01% |
26,219
+14,598
| +126% | +$875K |
|
1930
Nordic American Tanker
NAT
$1.45B
| $1.61M | ﹤0.01% |
167,478
+17,917
| +12% | +$181K |
|
|
CPE
1931
DELISTED
Callon Petroleum Company
CPE
| $1.61M | ﹤0.01% |
19,212
+1,995
| +12% | +$141K |
|
1932
Old Dominion Freight Line
ODFL
$41.4B
| $1.61M | ﹤0.01% |
84,945
-50,823
| -37% | -$922K |
|
|
SAEX
1933
DELISTED
SAExploration Holdings, Inc.
SAEX
| $1.6M | ﹤0.01% |
+63
| New | +$1.55M |
|
1934
CALL
CNX Resources
CNX
$5.34B
| $1.6M | ﹤0.01% |
48,000
-357,120
| -88% | -$11.5M |
|
1935
Rollins
ROL
$17.3B
| $1.59M | ﹤0.01% |
177,417
+140,953
| +387% | +$1.23M |
|
1936
Matthews International
MATW
$660M
| $1.59M | ﹤0.01% |
+38,915
| New | +$1.61M |
|
|
SPIL
1937
DELISTED
Siliconware Precision Industries Co Ltd
SPIL
| $1.58M | ﹤0.01% |
+237,946
| New | +$1.49M |
|
|
FOE
1938
DELISTED
Ferro Corporation
FOE
| $1.58M | ﹤0.01% |
115,396
-253,577
| -69% | -$3.36M |
|
|
IGTE
1939
DELISTED
IGATE CORPORATION
IGTE
| $1.58M | ﹤0.01% |
49,975
-32,922
| -40% | -$1.13M |
|
1940
CALL
Manitowoc
MTW
$685M
| $1.57M | ﹤0.01% |
+55,198
| New | +$1.41M |
|
1941
Kimberly-Clark
KMB
$36.4B
| $1.56M | ﹤0.01% |
14,806
-100,402
| -87% | -$10.4M |
|
1942
United Bankshares
UBSI
$6.47B
| $1.56M | ﹤0.01% |
51,103
+13,703
| +37% | +$411K |
|
|
CORE
1943
DELISTED
Core Mark Holding Co., Inc.
CORE
| $1.56M | ﹤0.01% |
85,868
-24,744
| -22% | -$468K |
|
|
AVX
1944
DELISTED
AVX Corporation
AVX
| $1.56M | ﹤0.01% |
118,249
+78,068
| +194% | +$1.02M |
|
1945
PUT
General Motors
GM
$76B
| $1.56M | ﹤0.01% |
45,200
+37,500
| +487% | +$1.38M |
|
|
MACK
1946
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $1.55M | ﹤0.01% |
39,132
+14,265
| +57% | +$610K |
|
|
WIBC
1947
DELISTED
WILSHIRE BANCORP INC
WIBC
| $1.55M | ﹤0.01% |
139,789
+48,488
| +53% | +$510K |
|
|
OCSI
1948
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $1.55M | ﹤0.01% |
107,709
-77,254
| -42% | -$1.07M |
|
|
RMAX
1949
DELISTED
RE/MAX Holdings
RMAX
| $1.54M | ﹤0.01% |
53,537
+45,976
| +608% | +$1.4M |
|
1950
Banco Bilbao Vizcaya Argentaria
BBVA
$158B
| $1.54M | ﹤0.01% |
+134,711
| New | +$1.57M |
|
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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 $4.18B 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 Miscellaneous at 16% of assets, down from 25% a quarter earlier, followed by Healthcare and Energy.
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.