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 | |
|---|---|---|---|---|---|---|
|
GRA
251
DELISTED
W.R. Grace & Co.
GRA
| $34.1M | 0.09% |
360,830
+297,171
| +467% | +$28M |
|
|
CVA
252
DELISTED
Covanta Holding Corporation
CVA
| $34.1M | 0.09% |
1,652,977
+1,156,069
| +233% | +$21.9M |
|
|
ESC
253
DELISTED
EMERITUS CORP
ESC
| $34.1M | 0.09% |
1,076,050
+560,388
| +109% | +$17.2M |
|
|
STAY
254
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $33.8M | 0.09% |
1,459,057
-312,516
| -18% | -$7.03M |
|
|
SNDK
255
DELISTED
SANDISK CORP
SNDK
| $33.8M | 0.09% |
323,267
+229,267
| +244% | +$20.8M |
|
256
Dorian LPG
LPG
$2.19B
| $33.7M | 0.09% |
+1,467,333
| New | +$30.4M |
|
|
SF
257
Stifel
SF
$12.2B
| $33.6M | 0.09% |
+1,598,636
| New | +$32.9M |
|
258
Wabtec
WAB
$50.3B
| $33.5M | 0.09% |
405,752
+335,450
| +477% | +$25.9M |
|
|
VSI
259
DELISTED
Vitamin Shoppe Inc.
VSI
| $33.4M | 0.09% |
775,337
-419,359
| -35% | -$18.9M |
|
260
Aramark
ARMK
$15.8B
| $33.3M | 0.09% |
1,780,517
+1,389,182
| +355% | +$27.1M |
|
|
WFM
261
DELISTED
Whole Foods Market Inc
WFM
| $33.1M | 0.09% |
856,056
+791,356
| +1,223% | +$34.5M |
|
|
PACD
262
DELISTED
Pacific Drilling S A
PACD
| $33M | 0.09% |
329,683
+93,131
| +39% | +$9.33M |
|
|
EMC
263
DELISTED
EMC CORPORATION
EMC
| $32.9M | 0.09% |
1,249,865
+623,998
| +100% | +$16.5M |
|
264
Palo Alto Networks
PANW
$292B
| $32.7M | 0.09% |
2,336,424
-202,548
| -8% | -$2.36M |
|
|
TWO
265
Two Harbors Investment
TWO
$1.27B
| $32.5M | 0.09% |
387,055
+13,556
| +4% | +$1.13M |
|
266
Ryman Hospitality Properties
RHP
$8.86B
| $32.4M | 0.09% |
671,962
-454,262
| -40% | -$20.9M |
|
267
Viasat
VSAT
$10.3B
| $32.1M | 0.09% |
554,233
+409,382
| +283% | +$24.7M |
|
268
Expeditors International
EXPD
$24.4B
| $32.1M | 0.09% |
726,344
+666,602
| +1,116% | +$28.7M |
|
269
Avery Dennison
AVY
$13.9B
| $32M | 0.09% |
624,641
+87,707
| +16% | +$4.35M |
|
270
Civeo
CVEO
$357M
| $32M | 0.09% |
+106,436
| New | +$31.8M |
|
271
Tyson Foods
TSN
$20.6B
| $31.9M | 0.09% |
+849,822
| New | +$34.1M |
|
|
DCT
272
DELISTED
DCT Industrial Trust Inc.
DCT
| $31.8M | 0.09% |
967,348
+660,792
| +216% | +$20.9M |
|
273
Emerson Electric
EMR
$87.7B
| $31.6M | 0.09% |
476,038
+429,373
| +920% | +$28.9M |
|
|
DTV
274
DELISTED
DIRECTV COM STK (DE)
DTV
| $31.5M | 0.09% |
370,400
+127,010
| +52% | +$10.3M |
|
275
DaVita
DVA
$11.1B
| $31.4M | 0.09% |
434,602
-130,689
| -23% | -$9.09M |
|
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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.