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 | |
|---|---|---|---|---|---|---|
|
FBC
376
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $24.9M | 0.07% |
1,373,048
-198,045
| -13% | -$3.62M |
|
377
SEI Investments
SEIC
$13.1B
| $24.8M | 0.07% |
758,248
-341,643
| -31% | -$11M |
|
|
NUVA
378
DELISTED
NuVasive, Inc.
NUVA
| $24.8M | 0.07% |
697,554
+217,840
| +45% | +$7.46M |
|
|
STI
379
DELISTED
SunTrust Banks, Inc.
STI
| $24.8M | 0.07% |
619,167
+176,409
| +40% | +$6.87M |
|
380
Sabra Healthcare REIT
SBRA
$5.21B
| $24.8M | 0.07% |
863,728
+819,698
| +1,862% | +$23.8M |
|
381
Toronto Dominion Bank
TD
$194B
| $24.8M | 0.07% |
482,086
+240,892
| +100% | +$11.7M |
|
|
GST
382
DELISTED
Gastar Exploration Inc.
GST
| $24.8M | 0.07% |
2,843,181
+1,044,651
| +58% | +$7.37M |
|
383
Bank of Montreal
BMO
$122B
| $24.8M | 0.07% |
336,433
-58,978
| -15% | -$4.11M |
|
|
PEI
384
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $24.8M | 0.07% |
87,676
+72,917
| +494% | +$19.3M |
|
385
Lowe's Companies
LOW
$121B
| $24.7M | 0.07% |
514,114
+430,214
| +513% | +$20.1M |
|
386
East-West Bancorp
EWBC
$17.8B
| $24.6M | 0.07% |
703,988
+600,862
| +583% | +$20.9M |
|
387
J.M. Smucker
SJM
$13.3B
| $24.6M | 0.07% |
231,074
-383,830
| -62% | -$38.5M |
|
|
RPAI
388
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $24.6M | 0.07% |
1,596,589
-2,636,197
| -62% | -$38.7M |
|
389
Advance Auto Parts
AAP
$2.57B
| $24.4M | 0.07% |
181,219
-28,942
| -14% | -$3.59M |
|
|
PACW
390
DELISTED
PacWest Bancorp
PACW
| $24.4M | 0.07% |
564,766
-135,040
| -19% | -$5.63M |
|
391
Compass Minerals
CMP
$1.09B
| $24.4M | 0.07% |
254,364
+100,516
| +65% | +$9.06M |
|
392
Celanese
CE
$5.14B
| $24.2M | 0.07% |
376,227
+225,825
| +150% | +$13.7M |
|
|
QLIK
393
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $24.2M | 0.07% |
1,068,815
+815,761
| +322% | +$18.7M |
|
|
WBA
394
DELISTED
Walgreens Boots Alliance
WBA
| $24.1M | 0.07% |
325,472
-169,297
| -34% | -$11.8M |
|
|
DST
395
DELISTED
DST Systems Inc.
DST
| $24.1M | 0.07% |
522,254
+399,000
| +324% | +$18.4M |
|
396
Applied Materials
AMAT
$391B
| $24M | 0.07% |
1,064,084
+893,364
| +523% | +$18.2M |
|
397
CALL
Citigroup
C
$221B
| $23.9M | 0.07% |
507,400
+491,000
| +2,994% | +$23.4M |
|
398
Cardinal Health
CAH
$53.4B
| $23.8M | 0.07% |
347,412
-259,708
| -43% | -$17.7M |
|
399
CALL
NOV
NOV
$7.28B
| $23.8M | 0.07% |
+289,200
| New | +$21.5M |
|
|
ACOR
400
DELISTED
Acorda Therapeutics
ACOR
| $23.8M | 0.07% |
+5,880
| New | +$24M |
|
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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.