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 | |
|---|---|---|---|---|---|---|
|
IOC
301
CALL
DELISTED
Interoil Corporation
IOC
| $29.6M | 0.08% |
463,100
+198,500
| +75% | +$12.7M |
|
|
CRZO
302
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $29.6M | 0.08% |
427,263
+52,240
| +14% | +$3.03M |
|
|
CMA.WS
303
DELISTED
Comerica Incorporated Ws
CMA.WS
| $29.5M | 0.08% |
1,401,548
-84,600
| -6% | -$1.64M |
|
304
Deutsche Bank
DB
$71.1B
| $29.5M | 0.08% |
938,228
+751,161
| +402% | +$26.8M |
|
|
SFR
305
DELISTED
Starwood Waypoint Homes
SFR
| $29.4M | 0.08% |
1,123,570
+144,931
| +15% | +$3.95M |
|
306
Biogen
BIIB
$32B
| $29.4M | 0.08% |
93,172
-93,909
| -50% | -$28.3M |
|
307
Keurig Dr Pepper
KDP
$43.6B
| $29.3M | 0.08% |
500,653
+496,952
| +13,428% | +$27.9M |
|
308
Waste Management
WM
$89.6B
| $29.2M | 0.08% |
653,121
+629,547
| +2,671% | +$27.4M |
|
309
Crown Castle
CCI
$32.1B
| $29.2M | 0.08% |
392,630
-67,932
| -15% | -$5.09M |
|
|
PF
310
DELISTED
Pinnacle Foods, Inc.
PF
| $29.1M | 0.08% |
883,221
+714,612
| +424% | +$22.5M |
|
311
Loews
L
$22.5B
| $28.8M | 0.08% |
654,937
+457,088
| +231% | +$20M |
|
|
RCPT
312
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $28.7M | 0.08% |
674,551
+405,203
| +150% | +$14M |
|
|
WPG
313
DELISTED
Washington Prime Group Inc.
WPG
| $28.7M | 0.08% |
+170,331
| New | +$29.6M |
|
|
MXIM
314
DELISTED
Maxim Integrated Products
MXIM
| $28.7M | 0.08% |
848,826
+774,453
| +1,041% | +$25.8M |
|
|
AMTD
315
DELISTED
TD Ameritrade Holding Corp
AMTD
| $28.7M | 0.08% |
+915,061
| New | +$28.4M |
|
316
Petrobras Class A
PBR.A
$111B
| $28.7M | 0.08% |
1,833,931
-332,500
| -15% | -$5.13M |
|
|
WOOF
317
DELISTED
VCA Inc.
WOOF
| $28.6M | 0.08% |
816,418
+208,776
| +34% | +$6.79M |
|
|
ABMD
318
DELISTED
Abiomed Inc
ABMD
| $28.6M | 0.08% |
1,138,851
+297,678
| +35% | +$6.93M |
|
319
CALL
Energy Transfer Partners
ET
$73B
| $28.6M | 0.08% |
969,600
+74,600
| +8% | +$1.89M |
|
320
Eaton
ETN
$163B
| $28.5M | 0.08% |
+369,712
| New | +$27.4M |
|
|
VAL
321
DELISTED
Valspar
VAL
| $28.5M | 0.08% |
374,385
+146,548
| +64% | +$10.9M |
|
|
OPEN
322
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $28.5M | 0.08% |
274,634
+274,234
| +68,559% | +$20.9M |
|
323
Nelnet
NNI
$4.55B
| $28.3M | 0.08% |
683,347
+2,074
| +0.3% | +$84.9K |
|
|
HNT
324
DELISTED
HEALTH NET INC
HNT
| $28.3M | 0.08% |
680,523
+171,258
| +34% | +$6.38M |
|
|
NETI
325
DELISTED
Eneti Inc.
NETI
| $28.2M | 0.08% |
28,452
-6,791
| -19% | -$6.9M |
|
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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.