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 | |
|---|---|---|---|---|---|---|
|
GAP
2451
PUT
The Gap Inc
GAP
$7.48B
| $669K | ﹤0.01% |
+16,700
| New | +$676K |
|
2452
Veeva Systems
VEEV
$45.8B
| $668K | ﹤0.01% |
25,009
-4,131
| -14% | -$134K |
|
|
NADL
2453
DELISTED
North Atlantic Drilling Ltd
NADL
| $663K | ﹤0.01% |
+7,500
| New | +$657K |
|
2454
Powell Industries
POWL
$7.02B
| $662K | ﹤0.01% |
30,654
+15,660
| +104% | +$338K |
|
2455
AMERISAFE
AMSF
$485M
| $661K | ﹤0.01% |
15,055
-15,875
| -51% | -$665K |
|
|
NAV
2456
DELISTED
Navistar International
NAV
| $660K | ﹤0.01% |
19,490
-44,871
| -70% | -$1.59M |
|
|
AF
2457
DELISTED
Astoria Financial Corporation
AF
| $658K | ﹤0.01% |
47,626
-220,369
| -82% | -$3.01M |
|
|
JASO
2458
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $657K | ﹤0.01% |
64,596
+46,709
| +261% | +$470K |
|
2459
PUT
Valmont Industries
VMI
$9.28B
| $655K | ﹤0.01% |
+4,400
| New | +$651K |
|
|
BFX
2460
DELISTED
BowFlex Inc.
BFX
| $655K | ﹤0.01% |
+67,973
| New | +$581K |
|
2461
Harte-Hanks
HHS
$32.3M
| $651K | ﹤0.01% |
7,364
-7,341
| -50% | -$571K |
|
2462
Calix
CALX
$2.37B
| $649K | ﹤0.01% |
76,945
-265,897
| -78% | -$2.23M |
|
|
SA
2463
Seabridge Gold
SA
$3.67B
| $649K | ﹤0.01% |
91,714
+16,747
| +22% | +$142K |
|
|
RBCN
2464
DELISTED
Rubicon Technology, Inc.
RBCN
| $647K | ﹤0.01% |
+5,735
| New | +$681K |
|
2465
CALL
Nu Skin
NUS
$233M
| $646K | ﹤0.01% |
+7,800
| New | +$685K |
|
2466
Clear Channel Outdoor Holdings
CCO
$1.22B
| $644K | ﹤0.01% |
70,694
+25,417
| +56% | +$243K |
|
2467
PUT
PepsiCo
PEP
$191B
| $643K | ﹤0.01% |
7,700
+3,100
| +67% | +$252K |
|
|
POLY
2468
DELISTED
Plantronics, Inc.
POLY
| $641K | ﹤0.01% |
14,421
+5,863
| +69% | +$259K |
|
|
SUPX
2469
DELISTED
SUPERTEX INC
SUPX
| $640K | ﹤0.01% |
+19,400
| New | +$581K |
|
|
EZCH
2470
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $638K | ﹤0.01% |
+25,164
| New | +$644K |
|
2471
Omega Healthcare
OHI
$14B
| $634K | ﹤0.01% |
18,907
-212,855
| -92% | -$6.78M |
|
2472
Standex International
SXI
$3.67B
| $634K | ﹤0.01% |
11,834
-245
| -2% | -$14K |
|
|
JOYY
2473
CALL
JOYY Inc
JOYY
$3.66B
| $634K | ﹤0.01% |
8,300
-5,900
| -42% | -$415K |
|
2474
CALL
Dollar Tree
DLTR
$24.4B
| $631K | ﹤0.01% |
12,100
-95,800
| -89% | -$5.1M |
|
|
GPT
2475
DELISTED
Gramercy Property Trust
GPT
| $631K | ﹤0.01% |
40,761
+36,276
| +809% | +$618K |
|
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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.