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 | |
|---|---|---|---|---|---|---|
|
SLXP
76
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $78.1M | 0.22% |
632,782
+244,019
| +63% | +$27M |
|
77
Archrock
AROC
$5.58B
| $76.4M | 0.21% |
1,698,425
-146,444
| -8% | -$6.32M |
|
|
RAD
78
DELISTED
Rite Aid Corporation
RAD
| $75.8M | 0.21% |
528,589
+228,891
| +76% | +$33.8M |
|
|
WPX
79
DELISTED
WPX Energy, Inc.
WPX
| $74.6M | 0.21% |
+3,121,720
| New | +$66.4M |
|
|
PXD
80
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $74.3M | 0.21% |
323,100
+168,600
| +109% | +$34.8M |
|
81
Union Pacific
UNP
$183B
| $73.8M | 0.2% |
740,200
+292,760
| +65% | +$28.4M |
|
82
Intuit
INTU
$100B
| $73.7M | 0.2% |
915,769
+473,012
| +107% | +$36.5M |
|
|
WFT
83
DELISTED
Weatherford International plc
WFT
| $73.5M | 0.2% |
3,196,513
-119,160
| -4% | -$2.45M |
|
|
CRR
84
DELISTED
Carbo Ceramics Inc.
CRR
| $73.5M | 0.2% |
476,767
+458,797
| +2,553% | +$63.2M |
|
|
ATHL
85
DELISTED
ATHLON ENERGY INC COM
ATHL
| $72.8M | 0.2% |
1,526,317
+519,413
| +52% | +$21.8M |
|
86
PNC Financial Services
PNC
$97B
| $72.4M | 0.2% |
813,097
+477,269
| +142% | +$40.8M |
|
87
Arthur J. Gallagher & Co
AJG
$67.6B
| $72.1M | 0.2% |
1,546,324
+485,622
| +46% | +$22.1M |
|
88
Gilead Sciences
GILD
$181B
| $71.3M | 0.2% |
860,035
-33,826
| -4% | -$2.63M |
|
89
Delta Air Lines
DAL
$54.2B
| $71.2M | 0.2% |
1,838,535
+660,879
| +56% | +$24.9M |
|
|
BRCM
90
DELISTED
BROADCOM CORP CL-A
BRCM
| $70.1M | 0.19% |
1,888,685
+1,842,374
| +3,978% | +$60.4M |
|
91
Delek US
DK
$4.38B
| $70.1M | 0.19% |
2,482,267
+1,850,953
| +293% | +$56.9M |
|
92
Western Digital
WDC
$166B
| $69.6M | 0.19% |
997,109
+609,294
| +157% | +$40.8M |
|
|
CIVI
93
DELISTED
Civitas Resources
CIVI
| $69.1M | 0.19% |
10,826
+7,583
| +234% | +$42.9M |
|
94
HCA Healthcare
HCA
$92.9B
| $67.8M | 0.19% |
1,203,035
+348,513
| +41% | +$18.4M |
|
95
Prudential Financial
PRU
$41.8B
| $67.4M | 0.19% |
759,673
+341,804
| +82% | +$28.7M |
|
96
Patterson-UTI
PTEN
$4.71B
| $67M | 0.19% |
1,918,107
-672,066
| -26% | -$22.1M |
|
|
SHPG
97
DELISTED
Shire pic
SHPG
| $66.4M | 0.18% |
282,040
-1,087
| -0.4% | -$189K |
|
|
GRFS
98
Grifois
GRFS
$5.44B
| $66M | 0.18% |
2,995,266
-1,511,130
| -34% | -$31.6M |
|
99
Baxter International
BAX
$13.6B
| $65.6M | 0.18% |
1,670,871
+1,638,469
| +5,057% | +$65.5M |
|
100
Viatris
VTRS
$18.7B
| $65.5M | 0.18% |
1,270,841
-965,063
| -43% | -$47.4M |
|
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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.