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 | |
|---|---|---|---|---|---|---|
2701
PUT
HSBC
HSBC
$357B
| $406K | ﹤0.01% |
+9,285
| New | +$414K |
|
2702
Bristow Group
VTOL
$1.35B
| $406K | ﹤0.01% |
7,078
+2,827
| +67% | +$165K |
|
2703
WSFS Financial
WSFS
$4.02B
| $405K | ﹤0.01% |
16,509
-6,606
| -29% | -$153K |
|
2704
WisdomTree Emerging Markets High Dividend Fund
DEM
$4.15B
| $404K | ﹤0.01% |
7,785
+1,325
| +21% | +$67.1K |
|
2705
Radware
RDWR
$1.16B
| $404K | ﹤0.01% |
23,964
-40,616
| -63% | -$685K |
|
2706
PUT
WEC Energy
WEC
$34.9B
| $404K | ﹤0.01% |
+8,600
| New | +$400K |
|
2707
StoneX
SNEX
$8.28B
| $403K | ﹤0.01% |
+102,323
| New | +$381K |
|
2708
WD-40
WDFC
$2.88B
| $403K | ﹤0.01% |
+5,356
| New | +$392K |
|
|
AXU
2709
DELISTED
Alexco Resource Corp
AXU
| $403K | ﹤0.01% |
+319,800
| New | +$407K |
|
|
IPCC
2710
DELISTED
Infinity Property & Casualty C
IPCC
| $402K | ﹤0.01% |
5,973
-3,040
| -34% | -$199K |
|
2711
PUT
PNC Financial Services
PNC
$97.4B
| $401K | ﹤0.01% |
+4,500
| New | +$384K |
|
|
QIWI
2712
PUT
DELISTED
QIWI PLC
QIWI
| $399K | ﹤0.01% |
+9,900
| New | +$362K |
|
2713
CALL
Carpenter Technology
CRS
$23.8B
| $398K | ﹤0.01% |
+6,300
| New | +$400K |
|
|
DX
2714
Dynex Capital
DX
$3.22B
| $398K | ﹤0.01% |
15,008
-5,517
| -27% | -$142K |
|
|
MHGC
2715
DELISTED
Morgans Hotel Group Co.
MHGC
| $397K | ﹤0.01% |
50,000
-275,000
| -85% | -$2.13M |
|
2716
Spok Holdings
SPOK
$220M
| $396K | ﹤0.01% |
+25,746
| New | +$410K |
|
|
VOXX
2717
DELISTED
VOXX International Corporation Class A
VOXX
| $396K | ﹤0.01% |
+42,100
| New | +$440K |
|
2718
FreightCar America
RAIL
$236M
| $395K | ﹤0.01% |
15,779
-56,985
| -78% | -$1.44M |
|
|
NVO
2719
Novo Nordisk
NVO
$213B
| $393K | ﹤0.01% |
17,000
-201,246
| -92% | -$4.44M |
|
|
2720
CALL
PNC Financial Services
PNC
$97.4B
| $392K | ﹤0.01% |
+4,400
| New | +$376K |
|
2721
Gaia
GAIA
$39.4M
| $391K | ﹤0.01% |
+50,895
| New | +$370K |
|
|
ANW
2722
DELISTED
Aegean Marine Petroleum Network
ANW
| $391K | ﹤0.01% |
38,747
-22,514
| -37% | -$221K |
|
2723
CALL
Novartis
NVS
$304B
| $389K | ﹤0.01% |
+4,799
| New | +$377K |
|
|
HTO
2724
H2O America
HTO
$2.67B
| $389K | ﹤0.01% |
+14,316
| New | +$391K |
|
2725
PUT
Thermo Fisher Scientific
TMO
$232B
| $389K | ﹤0.01% |
+3,300
| New | +$388K |
|
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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.