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 | |
|---|---|---|---|---|---|---|
2201
Alamo Group
ALG
$2B
| $1.01M | ﹤0.01% |
18,677
+8,837
| +90% | +$477K |
|
2202
Opko Health
OPK
$1.12B
| $1.01M | ﹤0.01% |
108,702
+9,264
| +9% | +$81.2K |
|
2203
Precigen
PGEN
$2.57B
| $1.01M | ﹤0.01% |
+40,256
| New | +$1.11M |
|
|
EOX
2204
DELISTED
EMERALD OIL INC (MT)
EOX
| $1.01M | ﹤0.01% |
+7,523
| New | +$1.11M |
|
2205
CALL
Bunge Global
BG
$21.4B
| $1.01M | ﹤0.01% |
12,700
-4,000
| -24% | -$315K |
|
|
KG
2206
Kestrel Group
KG
$59.3M
| $1.01M | ﹤0.01% |
4,038
-7,059
| -64% | -$1.63M |
|
2207
Adecoagro
AGRO
$1.54B
| $1.01M | ﹤0.01% |
123,356
+92,848
| +304% | +$724K |
|
2208
VanEck Junior Gold Miners ETF
GDXJ
$9.92B
| $1.01M | ﹤0.01% |
+27,815
| New | +$1.07M |
|
|
CALY
2209
Callaway Golf Company
CALY
$2.76B
| $1.01M | ﹤0.01% |
98,503
-400,177
| -80% | -$3.49M |
|
2210
Omeros
OMER
$1.39B
| $1M | ﹤0.01% |
83,165
-514,968
| -86% | -$6.33M |
|
2211
iShares Biotechnology ETF
IBB
$10.8B
| $1M | ﹤0.01% |
12,702
+3,813
| +43% | +$318K |
|
2212
CALL
The Mosaic Company
MOS
$7.55B
| $1M | ﹤0.01% |
20,000
-138,000
| -87% | -$6.57M |
|
2213
iShares Russell 1000 Growth ETF
IWF
$127B
| $998K | ﹤0.01% |
+46,152
| New | +$991K |
|
2214
Ambarella
AMBA
$3.12B
| $997K | ﹤0.01% |
37,320
+23,717
| +174% | +$726K |
|
|
VIVO
2215
DELISTED
Meridian Bioscience Inc
VIVO
| $997K | ﹤0.01% |
45,733
+35,073
| +329% | +$804K |
|
2216
PUT
America Movil
AMX
$70.4B
| $994K | ﹤0.01% |
+50,000
| New | +$1.04M |
|
2217
Waste Management
WM
$87B
| $992K | ﹤0.01% |
+23,574
| New | +$988K |
|
2218
Boyd Gaming
BYD
$5.78B
| $990K | ﹤0.01% |
75,000
-674,649
| -90% | -$7.81M |
|
|
NS
2219
DELISTED
NuStar Energy L.P.
NS
| $989K | ﹤0.01% |
18,000
-102,000
| -85% | -$5.22M |
|
|
FENG
2220
Phoenix New Media
FENG
$17.8M
| $987K | ﹤0.01% |
15,864
-20,114
| -56% | -$1.3M |
|
2221
PUT
Royal Bank of Canada
RY
$284B
| $983K | ﹤0.01% |
+14,900
| New | +$963K |
|
|
ONIT
2222
Onity Group
ONIT
$288M
| $983K | ﹤0.01% |
1,673
-7,831
| -82% | -$5.08M |
|
|
AVH
2223
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $981K | ﹤0.01% |
57,532
+24,132
| +72% | +$400K |
|
2224
National Bank Holdings
NBHC
$1.84B
| $978K | ﹤0.01% |
48,753
+7,353
| +18% | +$148K |
|
2225
Morningstar
MORN
$8.21B
| $977K | ﹤0.01% |
12,359
-43,458
| -78% | -$3.46M |
|
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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.