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 | |
|---|---|---|---|---|---|---|
2101
Sabra Healthcare REIT
SBRA
$5.29B
| $1.23M | ﹤0.01% |
44,030
-9,758
| -18% | -$268K |
|
2102
SLM Corp
SLM
$5.03B
| $1.23M | ﹤0.01% |
140,180
-1,971,012
| -93% | -$17.2M |
|
|
TEN
2103
Tsakos Energy Navigation Ltd
TEN
$1.27B
| $1.22M | ﹤0.01% |
31,485
-2,839
| -8% | -$99.2K |
|
|
ENT
2104
DELISTED
Global Eagle Entertainment Inc.
ENT
| $1.22M | ﹤0.01% |
3,099
-1,185
| -28% | -$487K |
|
|
SCAI
2105
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $1.22M | ﹤0.01% |
39,740
+11,691
| +42% | +$378K |
|
2106
iShares MSCI Hong Kong ETF
EWH
$1.26B
| $1.22M | ﹤0.01% |
+61,561
| New | +$1.22M |
|
2107
Virtus Investment Partners
VRTS
$1.12B
| $1.22M | ﹤0.01% |
7,029
-1,427
| -17% | -$263K |
|
|
WW
2108
DELISTED
WW International
WW
| $1.22M | ﹤0.01% |
59,230
-34,202
| -37% | -$865K |
|
2109
Clearwater Paper
CLW
$340M
| $1.22M | ﹤0.01% |
19,406
-37,111
| -66% | -$2.21M |
|
2110
MGE Energy Inc
MGEE
$2.96B
| $1.21M | ﹤0.01% |
+30,818
| New | +$1.18M |
|
2111
Insight Enterprises
NSIT
$4.59B
| $1.21M | ﹤0.01% |
48,005
-9,321
| -16% | -$215K |
|
|
SWN
2112
PUT
DELISTED
Southwestern Energy Company
SWN
| $1.21M | ﹤0.01% |
26,200
-162,600
| -86% | -$6.82M |
|
2113
PUT
EOG Resources
EOG
$75.8B
| $1.2M | ﹤0.01% |
+12,200
| New | +$1.09M |
|
2114
Public Service Enterprise Group
PEG
$36.5B
| $1.19M | ﹤0.01% |
31,307
-291,540
| -90% | -$10.1M |
|
|
CAJ
2115
DELISTED
Canon, Inc.
CAJ
| $1.19M | ﹤0.01% |
38,298
-47,965
| -56% | -$1.46M |
|
|
CKEC
2116
DELISTED
Carmike Cinemas Inc
CKEC
| $1.19M | ﹤0.01% |
39,780
-803
| -2% | -$23.2K |
|
|
WGL
2117
DELISTED
Wgl Holdings
WGL
| $1.19M | ﹤0.01% |
+29,630
| New | +$1.14M |
|
2118
Watts Water Technologies
WTS
$12.4B
| $1.19M | ﹤0.01% |
+20,197
| New | +$1.18M |
|
2119
Canadian Imperial Bank of Commerce
CM
$105B
| $1.18M | ﹤0.01% |
28,010
-15,883
| -36% | -$640K |
|
|
ESPR
2120
DELISTED
Esperion Therapeutics
ESPR
| $1.18M | ﹤0.01% |
78,181
+18,181
| +30% | +$282K |
|
|
EXAR
2121
DELISTED
Exar Corporation
EXAR
| $1.18M | ﹤0.01% |
98,705
+52,614
| +114% | +$617K |
|
2122
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.31B
| $1.17M | ﹤0.01% |
30,000
| – | – |
|
2123
iShares Russell 3000 ETF
IWV
$20.4B
| $1.17M | ﹤0.01% |
+10,418
| New | +$1.15M |
|
|
COR
2124
DELISTED
Coresite Realty Corporation
COR
| $1.17M | ﹤0.01% |
+37,646
| New | +$1.18M |
|
|
PRFT
2125
DELISTED
Perficient Inc
PRFT
| $1.17M | ﹤0.01% |
64,296
+45,627
| +244% | +$933K |
|
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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.