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 | |
|---|---|---|---|---|---|---|
|
CEB
551
DELISTED
CEB Inc.
CEB
| $17.1M | 0.05% |
250,429
+118,420
| +90% | +$8.14M |
|
552
Zurn Elkay Water Solutions
ZWS
$8.1B
| $16.9M | 0.05% |
+1,248,415
| New | +$16.6M |
|
553
Sunstone Hotel Investors
SHO
$2.1B
| $16.9M | 0.05% |
1,131,741
+1,114,422
| +6,435% | +$16M |
|
554
Starwood Property Trust
STWD
$6.03B
| $16.9M | 0.05% |
710,553
+524,586
| +282% | +$12.5M |
|
555
PACCAR
PCAR
$68.4B
| $16.9M | 0.05% |
403,052
+101,199
| +34% | +$4.32M |
|
556
iShares Biotechnology ETF
IBB
$10.7B
| $16.8M | 0.05% |
196,443
+183,741
| +1,447% | +$14.5M |
|
|
SDLP
557
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $16.8M | 0.05% |
50,623
+48,886
| +2,814% | +$15.3M |
|
558
Oil States International
OIS
$501M
| $16.8M | 0.05% |
261,706
-27,233
| -9% | -$1.6M |
|
559
Old Dominion Freight Line
ODFL
$41.8B
| $16.7M | 0.05% |
785,022
+700,077
| +824% | +$14.1M |
|
|
ALOG
560
DELISTED
Analogic Corp
ALOG
| $16.6M | 0.05% |
211,930
+188,383
| +800% | +$14.4M |
|
|
TRAK
561
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $16.5M | 0.05% |
364,578
-3,898
| -1% | -$169K |
|
|
WCN
562
Waste Connections
WCN
$42.5B
| $16.5M | 0.05% |
510,168
+270,849
| +113% | +$8.14M |
|
|
VER
563
DELISTED
VEREIT, Inc.
VER
| $16.4M | 0.05% |
262,448
+115,588
| +79% | +$7.43M |
|
|
BMS
564
DELISTED
Bemis
BMS
| $16.4M | 0.05% |
+403,886
| New | +$16.4M |
|
|
PPLI
565
People Inc
PPLI
$2.89B
| $16.4M | 0.05% |
1,324,679
+466,377
| +54% | +$5.59M |
|
566
Vishay Intertechnology
VSH
$4.67B
| $16.4M | 0.05% |
1,058,114
+557,727
| +111% | +$8.27M |
|
|
ROSE
567
DELISTED
ROSETTA RESOURCES INC
ROSE
| $16.3M | 0.05% |
297,629
+74,756
| +34% | +$3.63M |
|
568
Teradata
TDC
$2.56B
| $16.3M | 0.05% |
405,142
+396,044
| +4,353% | +$17.3M |
|
569
Altria Group
MO
$114B
| $16.3M | 0.05% |
387,978
+284,169
| +274% | +$11.4M |
|
570
Tractor Supply
TSCO
$18.7B
| $16.3M | 0.05% |
1,345,870
+166,700
| +14% | +$2.18M |
|
571
Ecolab
ECL
$80.4B
| $16.2M | 0.04% |
145,657
-73,537
| -34% | -$7.88M |
|
572
United Therapeutics
UTHR
$22B
| $16.2M | 0.04% |
183,048
-7,315
| -4% | -$703K |
|
573
PUT
F5
FFIV
$21.5B
| $16.1M | 0.04% |
+144,800
| New | +$15.6M |
|
574
Accuray
ARAY
$32.4M
| $16.1M | 0.04% |
1,832,293
+709,629
| +63% | +$6.15M |
|
|
GTLS
575
DELISTED
Chart Industries
GTLS
| $16.1M | 0.04% |
194,330
+152,054
| +360% | +$11.5M |
|
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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.