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 | |
|---|---|---|---|---|---|---|
926
Cheniere Energy
CQP
$32.9B
| $8.21M | 0.02% |
+248,500
| New | +$8.11M |
|
|
CSG
927
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $8.2M | 0.02% |
1,020,024
-1,163,172
| -53% | -$9.14M |
|
928
Kirby Corp
KEX
$7.32B
| $8.18M | 0.02% |
69,805
+19,199
| +38% | +$2.06M |
|
929
Lockheed Martin
LMT
$130B
| $8.17M | 0.02% |
50,843
-103,261
| -67% | -$16.8M |
|
930
M/I Homes
MHO
$3.84B
| $8.16M | 0.02% |
336,153
-129,924
| -28% | -$2.96M |
|
|
MTGE
931
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $8.15M | 0.02% |
407,277
-688,154
| -63% | -$13.7M |
|
932
CALL
Arrowhead Research
ARWR
$12.3B
| $8.12M | 0.02% |
567,200
+417,200
| +278% | +$5.47M |
|
|
SNI
933
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $8.11M | 0.02% |
99,996
-163,873
| -62% | -$12.5M |
|
|
PDCE
934
CALL
DELISTED
PDC Energy, Inc.
PDCE
| $8.1M | 0.02% |
+128,200
| New | +$8.05M |
|
|
935
Verizon
VZ
$208B
| $8.09M | 0.02% |
165,390
-3,981,186
| -96% | -$193M |
|
|
STRZA
936
DELISTED
Starz - Series A
STRZA
| $8.09M | 0.02% |
271,562
+226,142
| +498% | +$6.9M |
|
937
Cabot Corp
CBT
$4.33B
| $8.09M | 0.02% |
139,424
+121,873
| +694% | +$7.1M |
|
|
ENLC
938
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $8.06M | 0.02% |
193,525
+92,687
| +92% | +$3.54M |
|
939
A.O. Smith
AOS
$8.52B
| $8.06M | 0.02% |
325,054
-206,784
| -39% | -$4.97M |
|
940
PENN Entertainment
PENN
$2.45B
| $8.04M | 0.02% |
662,674
-150,113
| -18% | -$1.77M |
|
|
CVG
941
DELISTED
Convergys
CVG
| $8.02M | 0.02% |
+374,057
| New | +$8.12M |
|
942
Ericsson
ERIC
$33.3B
| $8.02M | 0.02% |
663,518
-208,502
| -24% | -$2.6M |
|
943
Flotek Industries
FTK
$866M
| $8.01M | 0.02% |
41,502
+38,697
| +1,380% | +$6.79M |
|
|
VMW
944
PUT
DELISTED
VMware, Inc
VMW
| $8.01M | 0.02% |
82,700
-700
| -0.8% | -$68.1K |
|
|
945
Estee Lauder
EL
$37.7B
| $7.99M | 0.02% |
107,644
-1,843,187
| -94% | -$135M |
|
946
PUT
Genworth Financial
GNW
$3.74B
| $7.99M | 0.02% |
+459,400
| New | +$8.03M |
|
|
AHT
947
Ashford Hospitality Trust
AHT
$21.5M
| $7.99M | 0.02% |
742
+524
| +240% | +$5.2M |
|
948
Essex Property Trust
ESS
$18.9B
| $7.95M | 0.02% |
42,980
+9,480
| +28% | +$1.68M |
|
949
First Financial Bancorp
FFBC
$3.46B
| $7.92M | 0.02% |
459,894
-81,611
| -15% | -$1.36M |
|
|
DO
950
DELISTED
Diamond Offshore Drilling
DO
| $7.9M | 0.02% |
159,146
+118,261
| +289% | +$5.89M |
|
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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.