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 |
PepsiCo
PEP
|
+$192M |
| 2 |
Exelon
EXC
|
+$175M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$152M |
| 4 |
Apple
AAPL
|
+$149M |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$108M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$193M |
| 2 |
AGN
Allergan plc
AGN
|
+$142M |
| 3 |
Estee Lauder
EL
|
+$135M |
| 4 |
PPL
PPL Corp
PPL
|
+$119M |
| 5 |
Ralph Lauren
RL
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.7% |
| 2 | Healthcare | 12.6% |
| 3 | Utilities | 8.91% |
| 4 | Financials | 8.66% |
| 5 | Technology | 8.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EA
226
DELISTED
Electronic Arts
EA
| $36.7M | 0.1% |
+1,023,796
| New | +$33.2M |
|
227
Salesforce
CRM
$171B
| $36.7M | 0.1% |
631,809
+307,005
| +95% | +$16.6M |
|
228
Dollar Tree
DLTR
$25.3B
| $36.6M | 0.1% |
671,547
-215,781
| -24% | -$11.3M |
|
|
PX
229
DELISTED
Praxair Inc
PX
| $36.3M | 0.1% |
+273,198
| New | +$35.8M |
|
|
RTN
230
DELISTED
Raytheon Company
RTN
| $35.9M | 0.1% |
388,899
+336,963
| +649% | +$32.7M |
|
231
Televisa
TV
$1.47B
| $35.6M | 0.1% |
1,038,878
+360,373
| +53% | +$12.1M |
|
|
CERN
232
DELISTED
Cerner Corp
CERN
| $35.6M | 0.1% |
691,024
+632,925
| +1,089% | +$33.3M |
|
|
JAH
233
DELISTED
JARDEN CORPORATION
JAH
| $35.5M | 0.1% |
896,235
-387,491
| -30% | -$14.8M |
|
|
WMGI
234
DELISTED
Wright Medical Group Inc
WMGI
| $35.4M | 0.1% |
1,127,164
-527,742
| -32% | -$15.8M |
|
235
Packaging Corp of America
PKG
$22.5B
| $35.3M | 0.1% |
494,052
+469,167
| +1,885% | +$32.2M |
|
236
Antero Resources
AR
$11.7B
| $35.3M | 0.1% |
538,077
+528,077
| +5,281% | +$33.5M |
|
|
PVA
237
DELISTED
PENN VIRGINIA CORP
PVA
| $35.1M | 0.1% |
2,073,183
-1,002,240
| -33% | -$15.9M |
|
238
Pitney Bowes
PBI
$2.26B
| $35.1M | 0.1% |
1,271,203
+720,781
| +131% | +$19.2M |
|
239
Nike
NKE
$60.5B
| $35.1M | 0.1% |
905,362
+546,644
| +152% | +$20.3M |
|
240
Agilent Technologies
A
$44.9B
| $35M | 0.1% |
852,939
-367,400
| -30% | -$14.8M |
|
241
Bread Financial
BFH
$4.07B
| $35M | 0.1% |
156,032
+47,361
| +44% | +$9.64M |
|
242
Arch Capital
ACGL
$33.9B
| $34.9M | 0.1% |
1,825,011
+1,735,872
| +1,947% | +$33.1M |
|
|
SIR
243
DELISTED
SELECT INCOME REIT
SIR
| $34.9M | 0.1% |
2,677,570
+1,926,852
| +257% | +$25.2M |
|
244
Host Hotels & Resorts
HST
$15.9B
| $34.7M | 0.1% |
1,574,659
+1,133,807
| +257% | +$24.4M |
|
245
Middleby
MIDD
$5.22B
| $34.7M | 0.1% |
418,907
+273,476
| +188% | +$22.5M |
|
246
Huntsman Corp
HUN
$1.75B
| $34.6M | 0.1% |
1,231,650
-2,950,685
| -71% | -$77.3M |
|
247
Omnicom Group
OMC
$24B
| $34.5M | 0.1% |
+484,356
| New | +$33.7M |
|
248
BHP
BHP
$246B
| $34.4M | 0.1% |
594,697
+256,143
| +76% | +$15M |
|
|
AVB
249
DELISTED
AvalonBay Communities
AVB
| $34.4M | 0.1% |
241,862
+28,102
| +13% | +$3.89M |
|
250
Portland General Electric
POR
$5.83B
| $34.2M | 0.09% |
985,929
-1,234,900
| -56% | -$40.7M |
|
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Israel Englander's Q2 2014 Portfolio in Review
As of Q2 2014, Israel Englander held 4,342 positions worth $36.1B, up 4.6% from $34.5B the previous quarter. Its ten largest holdings account for 9.6% of the portfolio.
Israel Englander's Q2 2014 filing shows 944 new, 1,153 increased, 1,195 reduced and 1,005 closed positions. Its largest new stake was PepsiCo: 2,223,276 shares worth $199M. The largest sale was Verizon, an estimated $193M.
By sector, the portfolio is most concentrated in Energy at 15% of assets, up from 13% a quarter earlier, followed by Healthcare and Utilities.
- Israel Englander's largest Q2 2014 buy was PepsiCo: 2,223,276 shares worth $199M.
- Israel Englander added most to Exelon in Q2 2014, an estimated $175M increase.
- Israel Englander's biggest Q2 2014 reduction was Verizon, cutting an estimated $193M.
- Israel Englander fully exited Home Depot in Q2 2014, selling an estimated $108M.
- Israel Englander's ten largest holdings make up 9.6% of its $36.1B portfolio in Q2 2014.
- Israel Englander opened 944 new positions and closed 1,005 in Q2 2014.
- Israel Englander's portfolio value rose 4.6% quarter-over-quarter to $36.1B.
Based on Millennium Management's 13F filing for Q2 2014, filed 14 Aug 2014.