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 | |
|---|---|---|---|---|---|---|
|
BEAV
351
DELISTED
B/E Aerospace Inc
BEAV
| $26.5M | 0.07% |
395,333
+212,810
| +117% | +$14.2M |
|
352
Abbott
ABT
$202B
| $26.5M | 0.07% |
646,872
+360,991
| +126% | +$14.2M |
|
|
GGP
353
DELISTED
GGP Inc.
GGP
| $26.4M | 0.07% |
1,119,201
-192,793
| -15% | -$4.48M |
|
354
Ryder
R
$9.58B
| $26.2M | 0.07% |
296,862
+44,808
| +18% | +$3.75M |
|
|
LQ
355
DELISTED
La Quinta Holdings Inc.
LQ
| $26.1M | 0.07% |
+1,364,389
| New | +$24M |
|
356
Bank of Hawaii
BOH
$3.06B
| $26M | 0.07% |
442,749
-20,623
| -4% | -$1.18M |
|
357
Kinross Gold
KGC
$38.9B
| $26M | 0.07% |
6,272,823
+4,651,896
| +287% | +$18.9M |
|
358
ON Semiconductor
ON
$28.9B
| $25.9M | 0.07% |
2,832,119
+624,283
| +28% | +$5.69M |
|
359
Carter's
CRI
$1.31B
| $25.9M | 0.07% |
375,352
+303,846
| +425% | +$22.1M |
|
360
Aflac
AFL
$58.2B
| $25.8M | 0.07% |
827,530
-67,546
| -8% | -$2.11M |
|
361
Nokia
NOK
$57B
| $25.6M | 0.07% |
3,387,148
-659,534
| -16% | -$5.01M |
|
|
ACC
362
DELISTED
American Campus Communities, Inc.
ACC
| $25.6M | 0.07% |
669,489
+518,447
| +343% | +$19.8M |
|
363
JetBlue
JBLU
$1.85B
| $25.6M | 0.07% |
2,357,505
+1,113,541
| +90% | +$10.3M |
|
364
Intuitive Surgical
ISRG
$134B
| $25.6M | 0.07% |
558,621
-100,710
| -15% | -$4.44M |
|
|
ETFC
365
DELISTED
E*Trade Financial Corporation
ETFC
| $25.5M | 0.07% |
1,201,082
+448,154
| +60% | +$9.42M |
|
366
Stryker
SYK
$126B
| $25.5M | 0.07% |
302,379
+298,879
| +8,539% | +$24.4M |
|
|
SLH
367
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $25.4M | 0.07% |
378,810
+267,970
| +242% | +$17.5M |
|
|
QIHU
368
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $25.4M | 0.07% |
275,881
+122,087
| +79% | +$10.8M |
|
|
LPNT
369
DELISTED
LifePoint Health, Inc.
LPNT
| $25.4M | 0.07% |
+408,580
| New | +$24M |
|
370
Oracle
ORCL
$422B
| $25.3M | 0.07% |
623,427
+309,390
| +99% | +$12.7M |
|
|
ITMN
371
DELISTED
INTERMUNE INC
ITMN
| $25.2M | 0.07% |
570,851
+154,720
| +37% | +$5.7M |
|
372
Regeneron Pharmaceuticals
REGN
$85.9B
| $25.1M | 0.07% |
88,992
-172
| -0.2% | -$51K |
|
373
Sun Communities
SUI
$14.8B
| $25.1M | 0.07% |
503,773
-500,585
| -50% | -$23.6M |
|
|
FL
374
DELISTED
Foot Locker
FL
| $25.1M | 0.07% |
494,919
+266,703
| +117% | +$12.8M |
|
|
PL
375
DELISTED
PROTECTIVE LIFE CORP
PL
| $25M | 0.07% |
360,311
-21,599
| -6% | -$1.23M |
|
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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.