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 | |
|---|---|---|---|---|---|---|
451
Southern Copper
SCCO
$182B
| $21.1M | 0.06% |
757,619
-460,977
| -38% | -$12.5M |
|
452
Spectrum Brands
SPB
$2B
| $21.1M | 0.06% |
244,909
-39,220
| -14% | -$3.06M |
|
|
IPG
453
DELISTED
Interpublic Group of Companies
IPG
| $21.1M | 0.06% |
1,079,922
+696,877
| +182% | +$12.6M |
|
454
Republic Services
RSG
$67.6B
| $21.1M | 0.06% |
554,849
+476,792
| +611% | +$16.9M |
|
|
PCYC
455
DELISTED
PHARMACYCLICS INC
PCYC
| $21.1M | 0.06% |
234,834
+10,672
| +5% | +$1M |
|
|
HAR
456
DELISTED
Harman International Industries
HAR
| $21M | 0.06% |
195,813
+47,785
| +32% | +$5.08M |
|
|
JNPR
457
DELISTED
Juniper Networks
JNPR
| $21M | 0.06% |
854,509
-1,779,021
| -68% | -$44.2M |
|
|
SEE
458
DELISTED
Sealed Air
SEE
| $20.9M | 0.06% |
611,609
+388,780
| +174% | +$12.9M |
|
459
Hasbro
HAS
$13.2B
| $20.8M | 0.06% |
391,693
+41,385
| +12% | +$2.24M |
|
|
CTRA
460
DELISTED
Coterra Energy
CTRA
| $20.8M | 0.06% |
608,015
-378,648
| -38% | -$13.6M |
|
461
Kennametal
KMT
$2.28B
| $20.8M | 0.06% |
448,476
+327,851
| +272% | +$15.2M |
|
462
FMC
FMC
$1.38B
| $20.7M | 0.06% |
335,179
-80,049
| -19% | -$5.24M |
|
463
Norfolk Southern
NSC
$78.8B
| $20.7M | 0.06% |
+200,765
| New | +$19.7M |
|
|
SPNC
464
DELISTED
Spectranetics Corp
SPNC
| $20.7M | 0.06% |
903,317
-265,040
| -23% | -$6.15M |
|
465
PUT
Microsoft
MSFT
$3.59T
| $20.6M | 0.06% |
494,500
-13,700
| -3% | -$554K |
|
466
Progressive
PGR
$127B
| $20.6M | 0.06% |
+812,690
| New | +$20.1M |
|
|
CB
467
DELISTED
CHUBB CORPORATION
CB
| $20.6M | 0.06% |
223,533
+62,684
| +39% | +$5.77M |
|
|
HMSY
468
DELISTED
HMS Holdings Corp.
HMSY
| $20.6M | 0.06% |
1,008,366
+353,932
| +54% | +$6.38M |
|
469
Pfizer
PFE
$160B
| $20.6M | 0.06% |
729,814
-2,321,266
| -76% | -$66.2M |
|
470
Textron
TXT
$14.3B
| $20.5M | 0.06% |
536,188
+127,317
| +31% | +$4.99M |
|
|
CLDT
471
Chatham Lodging
CLDT
$631M
| $20.5M | 0.06% |
937,297
+617,475
| +193% | +$13.4M |
|
472
AMC Entertainment Holdings
AMC
$2.28B
| $20.5M | 0.06% |
82,362
+40,209
| +95% | +$9.31M |
|
473
Alexandria Real Estate Equities
ARE
$9.21B
| $20.4M | 0.06% |
262,712
+173,143
| +193% | +$13M |
|
474
Suncor Energy
SU
$80B
| $20.4M | 0.06% |
478,447
-580,974
| -55% | -$22.6M |
|
|
HPY
475
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $20.4M | 0.06% |
494,272
-49,646
| -9% | -$2.02M |
|
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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.