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 | |
|---|---|---|---|---|---|---|
|
PPL
1
PPL Corp
PPL
$25.9B
| $432M | 1.25% |
14,003,259
+4,212,107
| +43% | +$122M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $366M | 1.06% |
1,959,700
+1,430,700
| +270% | +$263M |
|
3
Teva Pharmaceuticals
TEVA
$43.5B
| $274M | 0.8% |
5,193,193
+2,326,853
| +81% | +$108M |
|
4
American Electric Power
AEP
$65.8B
| $274M | 0.79% |
5,413,123
+108,591
| +2% | +$5.28M |
|
|
5
Devon Energy
DVN
$54B
| $268M | 0.78% |
4,000,420
+3,162,599
| +377% | +$196M |
|
6
NextEra Energy
NEE
$174B
| $262M | 0.76% |
10,966,944
-1,827,564
| -14% | -$41.4M |
|
|
BHI
7
DELISTED
Baker Hughes
BHI
| $231M | 0.67% |
3,554,857
+849,739
| +31% | +$50.3M |
|
8
CMS Energy
CMS
$21.4B
| $207M | 0.6% |
7,085,303
-824,173
| -10% | -$22.8M |
|
9
NiSource
NI
$19.5B
| $200M | 0.58% |
14,334,768
+5,591,225
| +64% | +$75.6M |
|
|
10
Edison International
EIX
$27.5B
| $200M | 0.58% |
3,528,970
+3,048,256
| +634% | +$152M |
|
|
AGN
11
DELISTED
Allergan plc
AGN
| $199M | 0.58% |
965,382
+92,313
| +11% | +$18.3M |
|
|
12
Verizon
VZ
$205B
| $197M | 0.57% |
4,146,576
+3,506,824
| +548% | +$166M |
|
13
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $181M | 0.52% |
1,551,500
+850,500
| +121% | +$98.1M |
|
14
Sempra
SRE
$54.2B
| $164M | 0.47% |
3,382,846
+565,482
| +20% | +$26.3M |
|
|
GPOR
15
DELISTED
Gulfport Energy Corp.
GPOR
| $153M | 0.44% |
2,149,126
+625,024
| +41% | +$38.4M |
|
|
HOT
16
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $152M | 0.44% |
1,914,508
+1,352,860
| +241% | +$106M |
|
17
NRG Energy
NRG
$23.8B
| $150M | 0.44% |
4,722,364
-970,470
| -17% | -$27.8M |
|
|
ALXN
18
DELISTED
Alexion Pharmaceuticals
ALXN
| $149M | 0.43% |
977,538
+115,748
| +13% | +$18.4M |
|
19
EOG Resources
EOG
$80.3B
| $134M | 0.39% |
1,362,152
-489,424
| -26% | -$43.6M |
|
|
20
Estee Lauder
EL
$36.9B
| $130M | 0.38% |
1,950,831
+1,659,748
| +570% | +$115M |
|
21
Halliburton
HAL
$29.4B
| $130M | 0.38% |
2,205,457
+450,830
| +26% | +$24.1M |
|
|
AGN
22
DELISTED
Allergan Inc
AGN
| $129M | 0.38% |
1,042,469
+165,606
| +19% | +$20.2M |
|
23
AES
AES
$10.5B
| $129M | 0.37% |
9,033,244
+1,957,367
| +28% | +$27.6M |
|
|
WLL
24
DELISTED
Whiting Petroleum Corporation
WLL
| $129M | 0.37% |
6,191
+1,571
| +34% | +$29.8M |
|
25
Ralph Lauren
RL
$22.2B
| $126M | 0.36% |
780,599
+661,788
| +557% | +$107M |
|
Similar funds
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.