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 | |
|---|---|---|---|---|---|---|
|
HBI
501
DELISTED
Hanesbrands
HBI
| $18.7M | 0.05% |
761,856
+647,028
| +563% | +$13.3M |
|
502
Lennox International
LII
$13.8B
| $18.7M | 0.05% |
209,105
+188,288
| +904% | +$16.4M |
|
|
LSI
503
DELISTED
Life Storage, Inc.
LSI
| $18.7M | 0.05% |
363,543
+183,993
| +102% | +$9.31M |
|
|
MHFI
504
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $18.7M | 0.05% |
225,303
-288,949
| -56% | -$22.8M |
|
|
MNK
505
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $18.7M | 0.05% |
233,159
+20,494
| +10% | +$1.48M |
|
506
EQT Corp
EQT
$33.5B
| $18.6M | 0.05% |
320,347
-1,185,859
| -79% | -$68M |
|
507
Warner Bros
WBD
$72.1B
| $18.6M | 0.05% |
+489,256
| New | +$19.3M |
|
508
Comcast
CMCSA
$95.7B
| $18.5M | 0.05% |
690,932
-764,512
| -53% | -$19.6M |
|
|
SPN
509
DELISTED
Superior Energy Services, Inc.
SPN
| $18.5M | 0.05% |
51,203
+4,059
| +9% | +$1.34M |
|
|
RPT
510
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $18.4M | 0.05% |
1,105,308
-814,604
| -42% | -$13.4M |
|
|
JOY
511
DELISTED
Joy Global Inc
JOY
| $18.3M | 0.05% |
297,727
-94,146
| -24% | -$5.66M |
|
|
AMRI
512
DELISTED
Albany Molecular Research Inc
AMRI
| $18.3M | 0.05% |
910,133
-112,048
| -11% | -$1.9M |
|
|
NXTM
513
DELISTED
NxStage Medical Inc.
NXTM
| $18.3M | 0.05% |
1,272,853
+388,662
| +44% | +$5.07M |
|
514
Zoetis
ZTS
$32.1B
| $18.3M | 0.05% |
566,692
-609,402
| -52% | -$18.7M |
|
|
PNK
515
DELISTED
Pinnacle Entertainment Inc.
PNK
| $18.3M | 0.05% |
725,393
+98,351
| +16% | +$2.34M |
|
|
OUTR
516
DELISTED
OUTERWALL INC
OUTR
| $18.3M | 0.05% |
307,627
+141,668
| +85% | +$9.58M |
|
|
MGLN
517
DELISTED
Magellan Health Services, Inc.
MGLN
| $18.2M | 0.05% |
293,144
+50,171
| +21% | +$2.95M |
|
|
EXL
518
DELISTED
EXCEL TRUST , INC COM STK
EXL
| $18.2M | 0.05% |
1,365,556
+57,938
| +4% | +$750K |
|
|
KSU
519
DELISTED
Kansas City Southern
KSU
| $18.2M | 0.05% |
+169,042
| New | +$17.5M |
|
|
APC
520
PUT
DELISTED
Anadarko Petroleum
APC
| $18.2M | 0.05% |
+165,900
| New | +$16.9M |
|
521
Enbridge
ENB
$109B
| $18.1M | 0.05% |
+382,115
| New | +$18.1M |
|
|
HK
522
PUT
DELISTED
Halcon Resources Corporation
HK
| $18.1M | 0.05% |
14,428
+2,221
| +18% | +$2.21M |
|
523
AerCap
AER
$23.2B
| $18.1M | 0.05% |
395,288
+186,650
| +89% | +$8.25M |
|
524
Cemex
CX
$15.9B
| $18M | 0.05% |
1,533,587
-1,343,755
| -47% | -$15.3M |
|
525
Timken Company
TKR
$8.52B
| $18M | 0.05% |
371,250
-203,092
| -35% | -$9.2M |
|
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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.