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 | Healthcare | 13.77% |
| 2 | Energy | 13.48% |
| 3 | Utilities | 8.99% |
| 4 | Financials | 8.47% |
| 5 | Consumer Discretionary | 8.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NETI
201
DELISTED
Eneti Inc.
NETI
| $39.7M | 0.12% |
35,243
+17,283
| +96% | +$18.8M |
|
|
MHFI
202
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $39.2M | 0.11% |
514,252
-204,036
| -28% | -$16M |
|
203
DaVita
DVA
$11.1B
| $38.9M | 0.11% |
565,291
+171,952
| +44% | +$11.4M |
|
|
ZNGA
204
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $38.9M | 0.11% |
9,034,854
-6,296,503
| -41% | -$29M |
|
205
Steel Dynamics
STLD
$32.8B
| $38.7M | 0.11% |
2,173,186
+2,091,162
| +2,549% | +$36.6M |
|
206
Alliant Energy
LNT
$17.6B
| $38.6M | 0.11% |
1,358,594
+947,484
| +230% | +$25M |
|
|
SLCA
207
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $38.6M | 0.11% |
1,010,759
-598,506
| -37% | -$19.3M |
|
|
BTU
208
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $38.6M | 0.11% |
157,313
+143,233
| +1,017% | +$36.3M |
|
|
DYN
209
DELISTED
Dynegy, Inc.
DYN
| $38.3M | 0.11% |
+1,536,637
| New | +$33.9M |
|
|
XL
210
DELISTED
XL Group Ltd.
XL
| $38.2M | 0.11% |
1,223,063
+951,040
| +350% | +$28.4M |
|
211
Adobe
ADBE
$109B
| $38M | 0.11% |
578,174
+224,216
| +63% | +$14.4M |
|
212
Autodesk
ADSK
$53.6B
| $37.7M | 0.11% |
766,646
+263,400
| +52% | +$13.6M |
|
|
RAD
213
DELISTED
Rite Aid Corporation
RAD
| $37.6M | 0.11% |
299,698
-919
| -0.3% | -$112K |
|
214
United Airlines
UAL
$36.7B
| $37.5M | 0.11% |
839,751
+798,551
| +1,938% | +$35.9M |
|
215
Suncor Energy
SU
$80B
| $37M | 0.11% |
1,059,421
-158,357
| -13% | -$5.27M |
|
|
ATHN
216
DELISTED
Athenahealth, Inc.
ATHN
| $37M | 0.11% |
230,952
+121,671
| +111% | +$20M |
|
217
SEI Investments
SEIC
$13.1B
| $37M | 0.11% |
1,099,891
+680,901
| +163% | +$23.1M |
|
|
SPPI
218
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $36.9M | 0.11% |
4,703,190
+967,332
| +26% | +$8.19M |
|
|
AET
219
DELISTED
Aetna Inc
AET
| $36.8M | 0.11% |
491,053
+459,513
| +1,457% | +$32.5M |
|
|
FCE.A
220
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $36.7M | 0.11% |
1,922,100
+1,021,526
| +113% | +$19.3M |
|
221
Flowserve
FLS
$10.1B
| $36.6M | 0.11% |
466,617
+425,299
| +1,029% | +$32.6M |
|
222
Arrowhead Research
ARWR
$12.3B
| $36.5M | 0.11% |
2,225,175
+1,362,316
| +158% | +$23.9M |
|
223
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $36.4M | 0.11% |
431,545
-40,729
| -9% | -$3.44M |
|
224
Expedia Group
EXPE
$38.6B
| $36.4M | 0.11% |
502,306
+178,221
| +55% | +$12.9M |
|
225
Comcast
CMCSA
$95.3B
| $36.4M | 0.11% |
1,455,444
-483,282
| -25% | -$12.6M |
|
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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 $1.49B 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 Healthcare at 14% of assets, up from 12% a quarter earlier, followed by Energy and Utilities.
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.