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 | |
|---|---|---|---|---|---|---|
|
SIMG
1976
DELISTED
SILICON IMAGE INC
SIMG
| $1.48M | ﹤0.01% |
214,291
+137,616
| +179% | +$848K |
|
|
TGNA
1977
CALL
DELISTED
TEGNA Inc
TGNA
| $1.48M | ﹤0.01% |
102,268
+49,318
| +93% | +$733K |
|
1978
Materion
MTRN
$5.15B
| $1.47M | ﹤0.01% |
43,456
+17,064
| +65% | +$507K |
|
|
AMTG
1979
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
| $1.47M | ﹤0.01% |
90,845
+64,155
| +240% | +$1.05M |
|
1980
CALL
Vail Resorts
MTN
$5.16B
| $1.47M | ﹤0.01% |
21,100
+10,700
| +103% | +$759K |
|
1981
PUT
Designer Brands
DBI
$275M
| $1.47M | ﹤0.01% |
41,000
-1,100
| -3% | -$42.4K |
|
|
IBTX
1982
DELISTED
Independent Bank Group, Inc.
IBTX
| $1.47M | ﹤0.01% |
25,000
| – | – |
|
1983
Emcor
EME
$34.2B
| $1.47M | ﹤0.01% |
31,327
-102,891
| -77% | -$4.53M |
|
|
HA
1984
DELISTED
Hawaiian Holdings, Inc.
HA
| $1.47M | ﹤0.01% |
+104,992
| New | +$1.23M |
|
|
STRZA
1985
DELISTED
Starz - Series A
STRZA
| $1.47M | ﹤0.01% |
45,420
-6,367
| -12% | -$194K |
|
|
HMSY
1986
CALL
DELISTED
HMS Holdings Corp.
HMSY
| $1.47M | ﹤0.01% |
76,900
+60,900
| +381% | +$1.32M |
|
1987
Baytex Energy
BTE
$3.37B
| $1.46M | ﹤0.01% |
35,601
-64,299
| -64% | -$2.43M |
|
1988
Universal Display
OLED
$3.91B
| $1.46M | ﹤0.01% |
45,877
-51,458
| -53% | -$1.71M |
|
|
BRCM
1989
DELISTED
BROADCOM CORP CL-A
BRCM
| $1.46M | ﹤0.01% |
46,311
-742,757
| -94% | -$22.4M |
|
|
QTWW
1990
CALL
DELISTED
QUANTUM FUEL SYS TECHNOLOGIES WORLDWIDE INC COM STK (DE)
QTWW
| $1.45M | ﹤0.01% |
+150,000
| New | +$1.3M |
|
|
LMNX
1991
DELISTED
Luminex Corp
LMNX
| $1.45M | ﹤0.01% |
80,000
-67,608
| -46% | -$1.27M |
|
1992
CALL
Celldex Therapeutics
CLDX
$3.18B
| $1.45M | ﹤0.01% |
5,460
-953
| -15% | -$365K |
|
|
SHOR
1993
DELISTED
ShoreTel, Inc.
SHOR
| $1.45M | ﹤0.01% |
168,122
-279,547
| -62% | -$2.41M |
|
1994
Broadridge
BR
$20.9B
| $1.45M | ﹤0.01% |
+38,895
| New | +$1.46M |
|
|
CIR
1995
DELISTED
CIRCOR International, Inc
CIR
| $1.44M | ﹤0.01% |
19,669
-2,154
| -10% | -$161K |
|
|
CMCSK
1996
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $1.44M | ﹤0.01% |
29,556
+1,800
| +6% | +$87.8K |
|
1997
Hyster-Yale Materials Handling
HY
$617M
| $1.44M | ﹤0.01% |
14,746
-2,990
| -17% | -$281K |
|
1998
Standard BioTools
LAB
$255M
| $1.44M | ﹤0.01% |
32,641
-143,054
| -81% | -$6.29M |
|
1999
CALL
Monster Beverage
MNST
$91.5B
| $1.44M | ﹤0.01% |
248,400
-614,400
| -71% | -$3.59M |
|
2000
Snap-on
SNA
$20.5B
| $1.43M | ﹤0.01% |
12,630
-22,953
| -65% | -$2.48M |
|
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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 $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.