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 | |
|---|---|---|---|---|---|---|
3451
Crocs
CROX
$6.03B
| – | – |
-238,902
| Closed | -$3.56M |
|
3452
Criteo S.A.
CRTO
$837M
| – | – |
-42,366
| Closed | -$1.72M |
|
3453
CALL
Cisco
CSCO
$434B
| – | – |
-275,500
| Closed | -$6.17M |
|
3454
CALL
CoStar Group
CSGP
$13.3B
| – | – |
-31,000
| Closed | -$579K |
|
|
3455
PUT
CoStar Group
CSGP
$13.3B
| – | – |
-24,000
| Closed | -$448K |
|
3456
Canadian Solar
CSIQ
$972M
| – | – |
-538,187
| Closed | -$17.2M |
|
|
3457
PUT
Canadian Solar
CSIQ
$972M
| – | – |
-6,500
| Closed | -$208K |
|
3458
CALL
Constellium
CSTM
$3.61B
| – | – |
-13,000
| Closed | -$382K |
|
3459
PUT
Cintas
CTAS
$83B
| – | – |
-17,200
| Closed | -$256K |
|
3460
CSX Corp
CSX
$95.3B
| – | – |
-1,000,725
| Closed | -$9.66M |
|
3461
CVB Financial
CVBF
$3.95B
| – | – |
-81,486
| Closed | -$1.3M |
|
3462
Cenovus Energy
CVE
$59.3B
| – | – |
-10,204
| Closed | -$296K |
|
3463
CVR Energy
CVI
$3.82B
| – | – |
-10,468
| Closed | -$442K |
|
3464
California Water Service
CWT
$3.14B
| – | – |
-63,288
| Closed | -$1.51M |
|
3465
China Yuchai International
CYD
$1.45B
| – | – |
-12,007
| Closed | -$254K |
|
3466
CALL
Cytokinetics
CYTK
$10.7B
| – | – |
-80,400
| Closed | -$764K |
|
|
3467
Cytokinetics
CYTK
$10.7B
| – | – |
-212,507
| Closed | -$2.02M |
|
3468
CALL
Dominion Energy
D
$58.6B
| – | – |
-52,700
| Closed | -$3.74M |
|
|
3469
PUT
Dominion Energy
D
$58.6B
| – | – |
-5,800
| Closed | -$412K |
|
3470
PUT
Delta Air Lines
DAL
$54.2B
| – | – |
-265,900
| Closed | -$9.21M |
|
3471
PUT
Deutsche Bank
DB
$72.2B
| – | – |
-24,414
| Closed | -$932K |
|
3472
CALL
Designer Brands
DBI
$297M
| – | – |
-17,100
| Closed | -$613K |
|
3473
3D Systems Corp
DDD
$518M
| – | – |
-6,561
| Closed | -$388K |
|
3474
Dillards
DDS
$10B
| – | – |
-152,521
| Closed | -$14.1M |
|
|
3475
PUT
Dillards
DDS
$10B
| – | – |
-2,500
| Closed | -$231K |
|
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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.