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 | |
|---|---|---|---|---|---|---|
2076
PUT
FMC
FMC
$1.33B
| $1.27M | ﹤0.01% |
+19,140
| New | +$1.25M |
|
|
CMA
2077
DELISTED
Comerica
CMA
| $1.26M | ﹤0.01% |
+24,412
| New | +$1.17M |
|
|
WIRE
2078
DELISTED
Encore Wire Corp
WIRE
| $1.26M | ﹤0.01% |
+26,018
| New | +$1.34M |
|
2079
Oshkosh
OSK
$9.68B
| $1.26M | ﹤0.01% |
21,400
-295,975
| -93% | -$16.2M |
|
2080
Ingredion
INGR
$6.53B
| $1.26M | ﹤0.01% |
18,485
-141,193
| -88% | -$9.26M |
|
2081
CALL
Adobe
ADBE
$115B
| $1.26M | ﹤0.01% |
19,100
-38,900
| -67% | -$2.49M |
|
|
BNY
2082
CALL
Bank of New York Mellon
BNY
$110B
| $1.26M | ﹤0.01% |
+35,600
| New | +$1.18M |
|
2083
PUT
HF Sinclair
DINO
$17.2B
| $1.26M | ﹤0.01% |
26,400
-194,000
| -88% | -$9.18M |
|
|
CCIH
2084
DELISTED
Chinacache International Holdings Ltd
CCIH
| $1.25M | ﹤0.01% |
61,074
-159,929
| -72% | -$2.97M |
|
2085
Kforce
KFRC
$1.04B
| $1.25M | ﹤0.01% |
58,748
-5,552
| -9% | -$113K |
|
|
AVTA
2086
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.25M | ﹤0.01% |
63,661
-34,229
| -35% | -$792K |
|
|
LOGM
2087
DELISTED
LogMein, Inc.
LOGM
| $1.25M | ﹤0.01% |
27,859
+10,741
| +63% | +$413K |
|
2088
PUT
Cameco
CCJ
$46.3B
| $1.25M | ﹤0.01% |
54,500
-300
| -0.5% | -$6.69K |
|
|
SPR
2089
PUT
DELISTED
Spirit AeroSystems
SPR
| $1.25M | ﹤0.01% |
+44,200
| New | +$1.35M |
|
|
QLGC
2090
DELISTED
QLOGIC CORP
QLGC
| $1.25M | ﹤0.01% |
97,700
-66,659
| -41% | -$779K |
|
|
MESG
2091
DELISTED
XURA INC COM (DE)
MESG
| $1.24M | ﹤0.01% |
+35,884
| New | +$1.29M |
|
2092
Customers Bancorp
CUBI
$2.67B
| $1.24M | ﹤0.01% |
65,379
+8,800
| +16% | +$160K |
|
|
COWN
2093
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.24M | ﹤0.01% |
70,277
+14,069
| +25% | +$232K |
|
2094
PUT
Jacobs Solutions
J
$17.6B
| $1.24M | ﹤0.01% |
+23,575
| New | +$1.21M |
|
2095
LivePerson
LPSN
$34.4M
| $1.24M | ﹤0.01% |
6,838
-337
| -5% | -$67.4K |
|
|
CAB
2096
DELISTED
Cabela's Inc
CAB
| $1.24M | ﹤0.01% |
18,896
-197,894
| -91% | -$13.3M |
|
2097
SouthState Bank Corp
SSB
$10.3B
| $1.24M | ﹤0.01% |
19,719
+2,060
| +12% | +$128K |
|
|
SEAC
2098
DELISTED
Seachange International Inc
SEAC
| $1.23M | ﹤0.01% |
5,909
+5,248
| +794% | +$1.19M |
|
|
ACSF
2099
DELISTED
American Capital Senior Floating, Ltd.
ACSF
| $1.23M | ﹤0.01% |
+87,883
| New | +$1.25M |
|
2100
CALL
Bank of Montreal
BMO
$120B
| $1.23M | ﹤0.01% |
18,400
+9,100
| +98% | +$591K |
|
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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.