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 | |
|---|---|---|---|---|---|---|
2376
CALL
Cytokinetics
CYTK
$10.8B
| $764K | ﹤0.01% |
+80,400
| New | +$727K |
|
2377
Deckers Outdoor
DECK
$11.8B
| $764K | ﹤0.01% |
57,492
-532,926
| -90% | -$7.05M |
|
2378
Stoneridge
SRI
$203M
| $764K | ﹤0.01% |
68,024
+4,503
| +7% | +$50.6K |
|
2379
PUT
Williams Companies
WMB
$90.7B
| $763K | ﹤0.01% |
18,800
+12,100
| +181% | +$490K |
|
|
TAM
2380
DELISTED
TAMINCO CORP COM
TAM
| $763K | ﹤0.01% |
36,313
+14,567
| +67% | +$310K |
|
|
DISCK
2381
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $759K | ﹤0.01% |
19,686
+12,118
| +160% | +$463K |
|
2382
CRH
CRH
$63.6B
| $758K | ﹤0.01% |
+26,881
| New | +$737K |
|
2383
NVR
NVR
$17B
| $758K | ﹤0.01% |
661
-388
| -37% | -$437K |
|
2384
Evertec
EVTC
$1.76B
| $754K | ﹤0.01% |
30,519
-149,954
| -83% | -$3.71M |
|
|
CTRL
2385
DELISTED
Control4 Corporation
CTRL
| $751K | ﹤0.01% |
+35,400
| New | +$788K |
|
|
IXYS
2386
DELISTED
IXYS Corp
IXYS
| $750K | ﹤0.01% |
66,051
+54,181
| +456% | +$663K |
|
2387
Ethan Allen Interiors
ETD
$596M
| $749K | ﹤0.01% |
29,414
-7,006
| -19% | -$181K |
|
2388
Hilton Worldwide
HLT
$73.3B
| $745K | ﹤0.01% |
11,167
-8,499
| -43% | -$562K |
|
2389
Booz Allen Hamilton
BAH
$9.01B
| $743K | ﹤0.01% |
33,795
-248,021
| -88% | -$4.95M |
|
|
ATCO
2390
DELISTED
Atlas Corp.
ATCO
| $743K | ﹤0.01% |
33,674
+18,477
| +122% | +$413K |
|
2391
WaFd
WAFD
$2.68B
| $742K | ﹤0.01% |
31,846
+3,471
| +12% | +$78.8K |
|
|
ANN
2392
PUT
DELISTED
ANN INC
ANN
| $742K | ﹤0.01% |
+17,900
| New | +$639K |
|
2393
CALL
Realty Income
O
$58.5B
| $740K | ﹤0.01% |
18,679
+12,384
| +197% | +$491K |
|
2394
PUT
Nu Skin
NUS
$233M
| $737K | ﹤0.01% |
8,900
+6,600
| +287% | +$580K |
|
|
ATNY
2395
DELISTED
API TECHNOLOGIES CORP. COMMON STOCK
ATNY
| $737K | ﹤0.01% |
251,634
+3,099
| +1% | +$9.61K |
|
2396
FirstCash
FCFS
$9.72B
| $735K | ﹤0.01% |
+14,564
| New | +$782K |
|
2397
Enphase Energy
ENPH
$5.19B
| $734K | ﹤0.01% |
+99,668
| New | +$771K |
|
2398
CALL
Deutsche Bank
DB
$75.3B
| $731K | ﹤0.01% |
+19,132
| New | +$781K |
|
2399
Genuine Parts
GPC
$18.8B
| $730K | ﹤0.01% |
+8,400
| New | +$708K |
|
|
SRDX
2400
DELISTED
Surmodics
SRDX
| $730K | ﹤0.01% |
32,292
+13,592
| +73% | +$332K |
|
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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.