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 | |
|---|---|---|---|---|---|---|
|
PRO
2301
DELISTED
PROS Holdings
PRO
| $856K | ﹤0.01% |
+27,169
| New | +$985K |
|
2302
ProShares UltraPro Short S&P 500
SPXU
$384M
| $856K | ﹤0.01% |
+38
| New | +$924K |
|
2303
Mativ Holdings
MATV
$672M
| $855K | ﹤0.01% |
20,066
+10,424
| +108% | +$476K |
|
2304
Graco
GGG
$12.9B
| $854K | ﹤0.01% |
34,272
-592,542
| -95% | -$14.8M |
|
|
SIGM
2305
DELISTED
Sigma Designs Inc
SIGM
| $854K | ﹤0.01% |
179,418
+110,037
| +159% | +$541K |
|
2306
CALL
Boston Properties
BXP
$11.2B
| $848K | ﹤0.01% |
7,400
+4,400
| +147% | +$480K |
|
|
2307
PUT
Boston Properties
BXP
$11.2B
| $848K | ﹤0.01% |
7,400
+4,100
| +124% | +$447K |
|
|
HAYN
2308
DELISTED
Haynes International, Inc.
HAYN
| $847K | ﹤0.01% |
+15,678
| New | +$807K |
|
|
BFS
2309
Saul Centers
BFS
$827M
| $846K | ﹤0.01% |
+17,856
| New | +$833K |
|
2310
PUT
Toronto Dominion Bank
TD
$200B
| $845K | ﹤0.01% |
18,000
-20,600
| -53% | -$929K |
|
|
ANV
2311
DELISTED
Allied Nevada Gold Corp
ANV
| $845K | ﹤0.01% |
+196,050
| New | +$983K |
|
|
WSTC
2312
DELISTED
West Corporation
WSTC
| $844K | ﹤0.01% |
+35,285
| New | +$865K |
|
|
ADYX
2313
DELISTED
Adynxx Inc
ADYX
| $843K | ﹤0.01% |
+1,667
| New | +$871K |
|
2314
State Street Financial Select Sector SPDR ETF
XLF
$56.4B
| $840K | ﹤0.01% |
42,852
-331,004
| -89% | -$6.32M |
|
2315
Quantum Corp
QMCO
$928M
| $839K | ﹤0.01% |
4,298
-3,293
| -43% | -$642K |
|
|
EEQ
2316
DELISTED
Enbridge Energy Management Llc
EEQ
| $839K | ﹤0.01% |
45,916
+31,392
| +216% | +$564K |
|
2317
PUT
Realty Income
O
$58.5B
| $838K | ﹤0.01% |
21,156
+13,210
| +166% | +$524K |
|
2318
ICU Medical
ICUI
$4.38B
| $836K | ﹤0.01% |
13,969
-13,269
| -49% | -$817K |
|
|
SONN
2319
DELISTED
Sonnet BioTherapeutics
SONN
| – | – |
0
| – | – |
|
|
WG
2320
DELISTED
Willbros Group
WG
| $834K | ﹤0.01% |
+66,123
| New | +$632K |
|
|
MTSC
2321
DELISTED
MTS Systems Corp
MTSC
| $833K | ﹤0.01% |
12,157
+9,336
| +331% | +$663K |
|
2322
Kadant
KAI
$3.61B
| $831K | ﹤0.01% |
22,777
-333
| -1% | -$12.6K |
|
2323
PUT
Occidental Petroleum
OXY
$59.1B
| $829K | ﹤0.01% |
9,081
-95,192
| -91% | -$8.51M |
|
2324
TriCo Bancshares
TCBK
$1.72B
| $829K | ﹤0.01% |
31,958
+22,909
| +253% | +$590K |
|
2325
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $829K | ﹤0.01% |
+20,078
| New | +$822K |
|
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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.