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 | |
|---|---|---|---|---|---|---|
2551
Merit Medical Systems
MMSI
$5.44B
| $521K | ﹤0.01% |
34,515
-467,430
| -93% | -$6.47M |
|
2552
Otter Tail
OTTR
$3.83B
| $520K | ﹤0.01% |
17,157
-6,047
| -26% | -$176K |
|
|
CEO
2553
PUT
DELISTED
CNOOC Limited
CEO
| $520K | ﹤0.01% |
+2,900
| New | +$491K |
|
|
IIP
2554
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $519K | ﹤0.01% |
73,562
+35,975
| +96% | +$254K |
|
2555
CALL
Home Depot
HD
$337B
| $518K | ﹤0.01% |
+6,400
| New | +$505K |
|
2556
First Trust Natural Gas ETF
FCG
$664M
| $513K | ﹤0.01% |
+4,349
| New | +$486K |
|
2557
Ardmore Shipping
ASC
$735M
| $511K | ﹤0.01% |
36,952
-13,648
| -27% | -$184K |
|
2558
Magnachip Semiconductor
MX
$119M
| $511K | ﹤0.01% |
+36,265
| New | +$489K |
|
2559
CALL
Pitney Bowes
PBI
$2.34B
| $511K | ﹤0.01% |
18,500
-407,300
| -96% | -$10.8M |
|
2560
RadNet
RDNT
$6.05B
| $511K | ﹤0.01% |
77,076
+59,886
| +348% | +$344K |
|
2561
PUT
Tidewater
TDW
$4.59B
| $511K | ﹤0.01% |
+282
| New | +$468K |
|
2562
CALL
Leidos
LDOS
$16.9B
| $510K | ﹤0.01% |
+13,300
| New | +$504K |
|
|
FLNA
2563
Filana Therapeutics
FLNA
$45.8M
| $510K | ﹤0.01% |
+12,664
| New | +$469K |
|
|
QUOT
2564
DELISTED
Quotient Technology Inc
QUOT
| $510K | ﹤0.01% |
+19,369
| New | +$431K |
|
|
TEAR
2565
DELISTED
TearLab Corporation
TEAR
| $510K | ﹤0.01% |
10,463
+4,663
| +80% | +$228K |
|
2566
PUT
W.W. Grainger
GWW
$61.3B
| $509K | ﹤0.01% |
+2,000
| New | +$511K |
|
2567
Korea Electric Power
KEP
$15.2B
| $509K | ﹤0.01% |
+27,642
| New | +$531K |
|
2568
Aaon
AAON
$6.28B
| $508K | ﹤0.01% |
+34,119
| New | +$456K |
|
2569
Automatic Data Processing
ADP
$112B
| $507K | ﹤0.01% |
7,290
-23,349
| -76% | -$1.59M |
|
2570
Plug Power
PLUG
$3.17B
| $507K | ﹤0.01% |
+108,300
| New | +$551K |
|
|
SRGA
2571
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $507K | ﹤0.01% |
3,882
-42,808
| -92% | -$5.44M |
|
|
ARC
2572
DELISTED
ARC Document Solutions, Inc.
ARC
| $506K | ﹤0.01% |
86,414
+72,214
| +509% | +$457K |
|
2573
Embotelladora Andina Series B
AKO.B
$4.8B
| $505K | ﹤0.01% |
+22,312
| New | +$531K |
|
2574
CALL
Ciena
CIEN
$54.9B
| $505K | ﹤0.01% |
23,300
-87,500
| -79% | -$1.8M |
|
|
TGP
2575
DELISTED
Teekay LNG Partners L.P.
TGP
| $505K | ﹤0.01% |
10,939
+1,058
| +11% | +$46.4K |
|
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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.