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 | |
|---|---|---|---|---|---|---|
|
YHOO
51
DELISTED
Yahoo Inc
YHOO
| $94.1M | 0.26% |
2,677,889
+499,430
| +23% | +$17.4M |
|
52
Hilton Worldwide
HLT
$73.5B
| $93.2M | 0.26% |
1,332,878
+1,321,711
| +11,836% | +$88M |
|
|
WNR
53
DELISTED
Western Refining Inc
WNR
| $92.2M | 0.26% |
2,455,791
+621,315
| +34% | +$25M |
|
|
NFX
54
DELISTED
Newfield Exploration
NFX
| $91.6M | 0.25% |
2,073,288
-1,667,642
| -45% | -$59.8M |
|
55
McDonald's
MCD
$192B
| $91.6M | 0.25% |
909,112
-27,719
| -3% | -$2.8M |
|
|
MRD
56
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $90.7M | 0.25% |
+3,724,185
| New | +$89.6M |
|
57
Bausch Health
BHC
$2.41B
| $90.6M | 0.25% |
718,391
+142,887
| +25% | +$18.2M |
|
58
CVS Health
CVS
$119B
| $90.2M | 0.25% |
+1,196,648
| New | +$90.4M |
|
|
MWE
59
CALL
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $88.9M | 0.25% |
1,242,000
+724,000
| +140% | +$46.6M |
|
|
COV
60
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $88.6M | 0.25% |
982,926
+981,726
| +81,811% | +$73.4M |
|
|
AGN
61
DELISTED
Allergan Inc
AGN
| $88.4M | 0.24% |
522,535
-519,934
| -50% | -$81M |
|
62
Medtronic
MDT
$119B
| $87M | 0.24% |
1,364,807
-308,284
| -18% | -$18.7M |
|
63
Expedia Group
EXPE
$38.6B
| $86.9M | 0.24% |
1,102,751
+600,445
| +120% | +$43.8M |
|
64
BioMarin Pharmaceuticals
BMRN
$12.9B
| $86.4M | 0.24% |
1,389,032
+1,356,725
| +4,199% | +$82M |
|
|
SGY
65
DELISTED
Stone Energy
SGY
| $86.4M | 0.24% |
32,502
-17,497
| -35% | -$44.1M |
|
66
McKesson
MCK
$100B
| $86M | 0.24% |
461,925
+297,210
| +180% | +$52.9M |
|
67
Dollar General
DG
$27.2B
| $84.2M | 0.23% |
1,467,362
-397,370
| -21% | -$22.7M |
|
68
State Street
STT
$51.4B
| $82.8M | 0.23% |
1,230,644
-63,111
| -5% | -$4.15M |
|
69
PUT
Weyerhaeuser
WY
$17.6B
| $82.7M | 0.23% |
+2,500,000
| New | +$75.6M |
|
70
Canadian Pacific Kansas City
CP
$85B
| $82.4M | 0.23% |
2,274,750
-1,490,955
| -40% | -$48.9M |
|
|
CIE
71
DELISTED
Cobalt International Energy, Inc
CIE
| $81.8M | 0.23% |
297,043
+120,077
| +68% | +$32.7M |
|
|
72
Weyerhaeuser
WY
$17.6B
| $81.6M | 0.23% |
2,465,939
+1,705,041
| +224% | +$51.5M |
|
73
PPG Industries
PPG
$25.3B
| $81.5M | 0.23% |
775,932
+70,252
| +10% | +$6.97M |
|
74
TechnipFMC
FTI
$30.4B
| $78.7M | 0.22% |
1,732,837
+1,451,882
| +517% | +$61.5M |
|
75
Citigroup
C
$221B
| $78.7M | 0.22% |
1,669,917
+275,286
| +20% | +$13.1M |
|
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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.