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 | |
|---|---|---|---|---|---|---|
701
MGM Resorts International
MGM
$11B
| $12.7M | 0.04% |
480,379
-866,340
| -64% | -$21.6M |
|
|
INXN
702
DELISTED
Interxion Holding N.V.
INXN
| $12.7M | 0.04% |
463,181
-8,924
| -2% | -$232K |
|
703
Norwegian Cruise Line
NCLH
$7.91B
| $12.7M | 0.04% |
400,002
+257,066
| +180% | +$8.31M |
|
704
DexCom
DXCM
$34.4B
| $12.7M | 0.04% |
1,277,828
-283,320
| -18% | -$2.51M |
|
|
DCH
705
Dauch Corp
DCH
$1.53B
| $12.7M | 0.04% |
670,429
-13,243
| -2% | -$244K |
|
|
MIC
706
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $12.6M | 0.03% |
202,314
+193,321
| +2,150% | +$11.4M |
|
|
VOLC
707
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $12.6M | 0.03% |
714,242
+462,008
| +183% | +$8.41M |
|
|
GRMN
708
Garmin
GRMN
$56.2B
| $12.6M | 0.03% |
+206,486
| New | +$11.9M |
|
709
H&R Block
HRB
$6.62B
| $12.5M | 0.03% |
374,289
-1,052,493
| -74% | -$31.3M |
|
|
DD
710
DELISTED
Du Pont De Nemours E I
DD
| $12.5M | 0.03% |
201,847
+119,327
| +145% | +$7.67M |
|
711
Illumina
ILMN
$33.7B
| $12.5M | 0.03% |
72,057
-735,965
| -91% | -$110M |
|
712
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $12.5M | 0.03% |
155,361
+6,795
| +5% | +$545K |
|
713
RPC Inc
RES
$1.37B
| $12.5M | 0.03% |
531,022
+353,738
| +200% | +$7.77M |
|
|
OVTI
714
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $12.5M | 0.03% |
567,070
+126,202
| +29% | +$2.57M |
|
|
GLOG
715
DELISTED
GASLOG LTD
GLOG
| $12.4M | 0.03% |
388,796
+60,364
| +18% | +$1.58M |
|
716
Johnson & Johnson
JNJ
$658B
| $12.4M | 0.03% |
118,464
+90,183
| +319% | +$9.12M |
|
|
BRP
717
DELISTED
BROOKFIELD RESIDENTIAL PROPERTIES INC
BRP
| $12.4M | 0.03% |
596,516
+558,316
| +1,462% | +$11.3M |
|
718
Hexcel
HXL
$7B
| $12.3M | 0.03% |
300,927
+177,484
| +144% | +$7.38M |
|
719
Annaly Capital Management
NLY
$17.5B
| $12.3M | 0.03% |
+268,901
| New | +$12.4M |
|
|
CBST
720
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $12.3M | 0.03% |
175,534
+165,749
| +1,694% | +$11.3M |
|
|
PINC
721
DELISTED
Premier
PINC
| $12.2M | 0.03% |
421,965
+354,639
| +527% | +$10.6M |
|
|
XEC
722
PUT
DELISTED
CIMAREX ENERGY CO
XEC
| $12.2M | 0.03% |
+85,200
| New | +$10.8M |
|
|
WP
723
DELISTED
Worldpay, Inc.
WP
| $12.2M | 0.03% |
+362,980
| New | +$11.2M |
|
724
Reinsurance Group of America
RGA
$16B
| $12.2M | 0.03% |
+154,270
| New | +$12M |
|
|
X
725
CALL
DELISTED
US Steel
X
| $12.2M | 0.03% |
467,000
+207,000
| +80% | +$5.29M |
|
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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.