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 | |
|---|---|---|---|---|---|---|
|
TLM
801
DELISTED
TALISMAN ENERGY INC
TLM
| $10.4M | 0.03% |
982,813
-501,665
| -34% | -$5.24M |
|
802
Flex
FLEX
$39.4B
| $10.4M | 0.03% |
1,243,974
+811,614
| +188% | +$6.11M |
|
803
FTI Consulting
FCN
$4.29B
| $10.3M | 0.03% |
+273,661
| New | +$9.03M |
|
|
TESO
804
DELISTED
Tesco Corp
TESO
| $10.3M | 0.03% |
483,850
+309,615
| +178% | +$6.34M |
|
|
CODE
805
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $10.3M | 0.03% |
487,545
+213,868
| +78% | +$4.05M |
|
|
OSG
806
Octave Specialty Group
OSG
$204M
| $10.3M | 0.03% |
375,579
+61,337
| +20% | +$1.78M |
|
807
Qualcomm
QCOM
$166B
| $10.2M | 0.03% |
129,250
+114,750
| +791% | +$9.12M |
|
808
PUT
Newmont
NEM
$139B
| $10.2M | 0.03% |
401,700
-120,800
| -23% | -$2.91M |
|
809
Outfront Media
OUT
$5.36B
| $10.2M | 0.03% |
+417,515
| New | +$9.84M |
|
|
TSL
810
DELISTED
Trina Solar Limited
TSL
| $10.2M | 0.03% |
793,820
+548,671
| +224% | +$6.67M |
|
|
CDR
811
DELISTED
Cedar Realty Trust, Inc
CDR
| $10.2M | 0.03% |
246,624
+221,138
| +868% | +$8.92M |
|
|
IPXL
812
DELISTED
Impax Laboratories, Inc.
IPXL
| $10.1M | 0.03% |
337,890
-846,835
| -71% | -$22.8M |
|
|
TXNM
813
TXNM Energy Inc
TXNM
$5.88B
| $10.1M | 0.03% |
344,666
+61,226
| +22% | +$1.71M |
|
|
S
814
DELISTED
Sprint Corporation
S
| $10.1M | 0.03% |
+1,179,462
| New | +$10.3M |
|
|
SHPG
815
CALL
DELISTED
Shire pic
SHPG
| $10.1M | 0.03% |
+42,700
| New | +$7.43M |
|
816
United Parcel Service
UPS
$87.4B
| $10M | 0.03% |
97,833
+72,113
| +280% | +$7.24M |
|
|
AEGR
817
DELISTED
Aegerion Pharmaceuticals
AEGR
| $10M | 0.03% |
312,892
+101,295
| +48% | +$3.77M |
|
818
Booking.com
BKNG
$160B
| $10M | 0.03% |
208,600
-521,850
| -71% | -$25M |
|
819
PUT
American International
AIG
$40.5B
| $10M | 0.03% |
+183,700
| New | +$9.73M |
|
820
ScottsMiracle-Gro
SMG
$3.53B
| $10M | 0.03% |
+176,216
| New | +$10.5M |
|
|
SVC
821
Service Properties Trust
SVC
$1.04B
| $10M | 0.03% |
+66,364
| New | +$9.7M |
|
|
CVC
822
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $10M | 0.03% |
567,510
+237,023
| +72% | +$4.05M |
|
|
ARRS
823
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $9.99M | 0.03% |
307,251
-94,715
| -24% | -$2.8M |
|
|
DISCK
824
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $9.99M | 0.03% |
275,128
+255,442
| +1,298% | +$9.37M |
|
825
Duke Energy
DUK
$95.1B
| $9.98M | 0.03% |
134,534
-208,469
| -61% | -$15M |
|
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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.