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 | |
|---|---|---|---|---|---|---|
3526
iShares MSCI Taiwan ETF
EWT
$11.2B
| – | – |
-96,123
| Closed | -$2.77M |
|
|
3527
PUT
Exelon
EXC
$45.7B
| – | – |
-21,871
| Closed | -$524K |
|
3528
CALL
Exelixis
EXEL
$13.5B
| – | – |
-1,020,800
| Closed | -$3.61M |
|
3529
PUT
Eagle Materials
EXP
$6.27B
| – | – |
-30,800
| Closed | -$2.73M |
|
3530
Extreme Networks
EXTR
$2.92B
| – | – |
-975,535
| Closed | -$5.66M |
|
3531
EyePoint Inc
EYPT
$420M
| – | – |
-1,866
| Closed | -$76K |
|
3532
CALL
Ford
F
$55.5B
| – | – |
-400,000
| Closed | -$6.24M |
|
|
3533
Ford
F
$55.5B
| – | – |
-642,736
| Closed | -$10M |
|
|
3534
PUT
Ford
F
$55.5B
| – | – |
-20,700
| Closed | -$323K |
|
3535
First American
FAF
$7.38B
| – | – |
-139,821
| Closed | -$3.71M |
|
|
FARM
3536
DELISTED
Farmer Brothers
FARM
| – | – |
-23,002
| Closed | -$453K |
|
|
FARO
3537
DELISTED
Faro Technologies
FARO
| – | – |
-40,310
| Closed | -$2.14M |
|
3538
FuelCell Energy
FCEL
$1.5B
| – | – |
-729
| Closed | -$7.81M |
|
3539
CALL
FTI Consulting
FCN
$4.29B
| – | – |
-350,500
| Closed | -$11.7M |
|
3540
Freeport-McMoran
FCX
$112B
| – | – |
-116,734
| Closed | -$3.86M |
|
|
FITB
3541
PUT
Fifth Third Bancorp
FITB
$49.8B
| – | – |
-9,400
| Closed | -$216K |
|
3542
PUT
Five Below
FIVE
$14.5B
| – | – |
-15,800
| Closed | -$671K |
|
|
FL
3543
PUT
DELISTED
Foot Locker
FL
| – | – |
-4,800
| Closed | -$226K |
|
3544
Fluor
FLR
$6.86B
| – | – |
-179,097
| Closed | -$13.9M |
|
|
3545
PUT
Fluor
FLR
$6.86B
| – | – |
-40,600
| Closed | -$3.16M |
|
3546
CALL
FMC
FMC
$1.41B
| – | – |
-11,761
| Closed | -$781K |
|
|
3547
PUT
FMC
FMC
$1.41B
| – | – |
-19,140
| Closed | -$1.27M |
|
3548
Fidelity National Financial
FNF
$12.7B
| – | – |
-99,758
| Closed | -$1.79M |
|
3549
CALL
Franco-Nevada
FNV
$52.1B
| – | – |
-167,900
| Closed | -$7.7M |
|
|
3550
Franco-Nevada
FNV
$52.1B
| – | – |
-17,790
| Closed | -$868K |
|
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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.