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 | |
|---|---|---|---|---|---|---|
2526
Cooper-Standard Automotive
CPS
$474M
| $545K | ﹤0.01% |
+8,243
| New | +$546K |
|
2527
Immersion
IMMR
$254M
| $545K | ﹤0.01% |
+42,827
| New | +$465K |
|
|
IPCM
2528
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $545K | ﹤0.01% |
12,333
-7,577
| -38% | -$330K |
|
2529
Barings BDC
BBDC
$989M
| $544K | ﹤0.01% |
19,159
-7,368
| -28% | -$193K |
|
2530
Dynagas LNG Partners
DLNG
$135M
| $542K | ﹤0.01% |
+22,331
| New | +$509K |
|
2531
Sabre
SABR
$912M
| $540K | ﹤0.01% |
+26,915
| New | +$479K |
|
|
EPIQ
2532
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $540K | ﹤0.01% |
38,429
+21,096
| +122% | +$276K |
|
|
RYL
2533
PUT
DELISTED
RYLAND GROUP INC
RYL
| $540K | ﹤0.01% |
+13,700
| New | +$526K |
|
|
CIE
2534
CALL
DELISTED
Cobalt International Energy, Inc
CIE
| $538K | ﹤0.01% |
+1,953
| New | +$533K |
|
2535
PUT
Boston Beer
SAM
$1.95B
| $536K | ﹤0.01% |
+2,400
| New | +$547K |
|
|
SJT
2536
San Juan Basin Royalty Trust
SJT
$137M
| $535K | ﹤0.01% |
+27,732
| New | +$521K |
|
|
PSV
2537
DELISTED
Hermitage Offshore Services Ltd.
PSV
| $535K | ﹤0.01% |
+2,795
| New | +$489K |
|
|
CVO
2538
DELISTED
Cenevo, Inc.
CVO
| $535K | ﹤0.01% |
18,018
-455
| -2% | -$11.5K |
|
|
CAS
2539
DELISTED
A M Castle & Co
CAS
| $534K | ﹤0.01% |
48,343
+20,870
| +76% | +$263K |
|
|
ZAGG
2540
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $530K | ﹤0.01% |
97,543
+82,243
| +538% | +$379K |
|
|
PGI
2541
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $529K | ﹤0.01% |
+39,653
| New | +$505K |
|
2542
A10 Networks
ATEN
$1.82B
| $525K | ﹤0.01% |
+39,482
| New | +$496K |
|
|
NFBK
2543
DELISTED
Northfield Bancorp
NFBK
| $525K | ﹤0.01% |
40,064
-112,552
| -74% | -$1.45M |
|
2544
Vanguard Morningstar Value ETF
VTV
$194B
| $525K | ﹤0.01% |
6,489
+950
| +17% | +$75.2K |
|
|
TLMR
2545
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $525K | ﹤0.01% |
38,102
-4,819
| -11% | -$66.4K |
|
2546
Greif
GEF
$4.81B
| $524K | ﹤0.01% |
9,609
+3,963
| +70% | +$213K |
|
|
CORR
2547
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
| $524K | ﹤0.01% |
14,148
+11,102
| +364% | +$392K |
|
2548
PUT
PG&E
PCG
$40.4B
| $523K | ﹤0.01% |
+10,900
| New | +$494K |
|
2549
PUT
Thor Industries
THO
$4.14B
| $523K | ﹤0.01% |
9,200
-2,400
| -21% | -$144K |
|
2550
PUT
Middleby
MIDD
$5.15B
| $521K | ﹤0.01% |
+6,300
| New | +$519K |
|
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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.