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 | |
|---|---|---|---|---|---|---|
|
NILE
2126
DELISTED
Blue Nile, Inc.
NILE
| $1.17M | ﹤0.01% |
33,490
+29,039
| +652% | +$1.11M |
|
2127
TriMas Corp
TRS
$1.42B
| $1.16M | ﹤0.01% |
43,925
+29,988
| +215% | +$847K |
|
|
SHLM
2128
DELISTED
Schulman (A.) Inc
SHLM
| $1.16M | ﹤0.01% |
32,003
-33,264
| -51% | -$1.14M |
|
2129
VeriSign
VRSN
$26.6B
| $1.16M | ﹤0.01% |
21,500
-151,300
| -88% | -$8.56M |
|
|
MENT
2130
DELISTED
Mentor Graphics Corp
MENT
| $1.16M | ﹤0.01% |
52,441
-122,769
| -70% | -$2.67M |
|
2131
Logitech
LOGI
$14B
| $1.15M | ﹤0.01% |
77,437
+59,734
| +337% | +$916K |
|
2132
Universal Electronics
UEIC
$55.4M
| $1.15M | ﹤0.01% |
+30,041
| New | +$1.16M |
|
|
ANAD
2133
DELISTED
ANADIGICS INC
ANAD
| $1.15M | ﹤0.01% |
677,797
-437,203
| -39% | -$834K |
|
|
TRW
2134
PUT
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $1.15M | ﹤0.01% |
+14,100
| New | +$1.1M |
|
|
YOKU
2135
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $1.15M | ﹤0.01% |
41,009
-1,265,077
| -97% | -$39.3M |
|
2136
Plains GP Holdings
PAGP
$5.55B
| $1.15M | ﹤0.01% |
15,420
-33,877
| -69% | -$2.44M |
|
|
STBZ
2137
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $1.15M | ﹤0.01% |
64,949
+13,933
| +27% | +$242K |
|
2138
Mitsubishi UFJ Financial
MUFG
$253B
| $1.14M | ﹤0.01% |
206,404
+93,979
| +84% | +$561K |
|
2139
Qualcomm
QCOM
$176B
| $1.14M | ﹤0.01% |
14,500
-53,000
| -79% | -$3.99M |
|
2140
CF Industries
CF
$19B
| $1.14M | ﹤0.01% |
21,915
-94,680
| -81% | -$4.61M |
|
2141
Radware
RDWR
$1.24B
| $1.14M | ﹤0.01% |
64,580
+42,698
| +195% | +$748K |
|
2142
Cincinnati Financial
CINF
$26.5B
| $1.14M | ﹤0.01% |
23,423
-12,363
| -35% | -$596K |
|
|
PAY
2143
PUT
DELISTED
Verifone Systems Inc
PAY
| $1.14M | ﹤0.01% |
33,600
+6,000
| +22% | +$178K |
|
2144
PUT
Amgen
AMGN
$236B
| $1.14M | ﹤0.01% |
9,200
-100,500
| -92% | -$12.2M |
|
|
CSR
2145
Centerspace
CSR
$883M
| $1.14M | ﹤0.01% |
12,645
+8,876
| +236% | +$763K |
|
|
CHK
2146
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $1.14M | ﹤0.01% |
234
-1,512
| -87% | -$7.37M |
|
|
PBPB
2147
DELISTED
Potbelly
PBPB
| $1.13M | ﹤0.01% |
+63,198
| New | +$1.36M |
|
|
GULF
2148
DELISTED
WisdomTree Middle East Dividend Fund
GULF
| $1.13M | ﹤0.01% |
+50,000
| New | +$1.09M |
|
2149
MSC Industrial Direct
MSM
$6.81B
| $1.13M | ﹤0.01% |
13,030
-46,031
| -78% | -$3.92M |
|
|
BALT
2150
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
| $1.13M | ﹤0.01% |
178,460
+23,354
| +15% | +$148K |
|
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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.