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 | |
|---|---|---|---|---|---|---|
1101
Red Robin
RRGB
$191M
| $5.96M | 0.02% |
83,704
+31,783
| +61% | +$2.22M |
|
1102
Raymond James Financial
RJF
$34B
| $5.94M | 0.02% |
175,712
-24,126
| -12% | -$805K |
|
|
ACRE
1103
Ares Commercial Real Estate
ACRE
$262M
| $5.91M | 0.02% |
+476,547
| New | +$6.04M |
|
|
CYBX
1104
DELISTED
CYBERONICS INC
CYBX
| $5.91M | 0.02% |
94,692
+49,394
| +109% | +$3.01M |
|
1105
Emcor
EME
$33.7B
| $5.9M | 0.02% |
132,510
+101,183
| +323% | +$4.59M |
|
1106
Flowserve
FLS
$10.2B
| $5.9M | 0.02% |
79,313
-387,304
| -83% | -$29.4M |
|
|
HTS
1107
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $5.89M | 0.02% |
+297,543
| New | +$5.89M |
|
1108
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $5.89M | 0.02% |
30,100
-598,800
| -95% | -$114M |
|
1109
CALL
Cheniere Energy
CQP
$32.9B
| $5.88M | 0.02% |
+178,000
| New | +$5.81M |
|
1110
CarMax
KMX
$8.91B
| $5.87M | 0.02% |
112,773
+99,449
| +746% | +$4.52M |
|
1111
MillerKnoll
MLKN
$1.58B
| $5.85M | 0.02% |
+193,578
| New | +$6M |
|
|
PLPM
1112
DELISTED
Planet Payment, Inc
PLPM
| $5.85M | 0.02% |
2,058,500
-67,950
| -3% | -$174K |
|
1113
CALL
Enbridge
ENB
$109B
| $5.84M | 0.02% |
123,100
-8,000
| -6% | -$379K |
|
|
RENT
1114
DELISTED
RENTRAK CORP
RENT
| $5.83M | 0.02% |
111,096
+44,305
| +66% | +$2.35M |
|
1115
PUT
Chevron
CVX
$398B
| $5.82M | 0.02% |
+44,600
| New | +$5.55M |
|
1116
Corning
GLW
$125B
| $5.82M | 0.02% |
265,104
+240,104
| +960% | +$5.09M |
|
|
CTRA
1117
CALL
DELISTED
Coterra Energy
CTRA
| $5.81M | 0.02% |
170,200
-725,600
| -81% | -$26M |
|
1118
Semtech
SMTC
$11.3B
| $5.81M | 0.02% |
222,034
-4,029
| -2% | -$101K |
|
|
PTR
1119
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $5.81M | 0.02% |
+46,245
| New | +$5.45M |
|
1120
CNA Financial
CNA
$13.4B
| $5.8M | 0.02% |
143,427
+134,757
| +1,554% | +$5.52M |
|
1121
Diodes
DIOD
$4.13B
| $5.79M | 0.02% |
199,766
+187,510
| +1,530% | +$5.19M |
|
|
IDIX
1122
CALL
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
| $5.78M | 0.02% |
+240,000
| New | +$2.5M |
|
|
VTSS
1123
DELISTED
VITESSE SEMICONDUCTOR CORPORATION COMMON STOCK
VTSS
| $5.78M | 0.02% |
1,675,509
-183,313
| -10% | -$673K |
|
1124
PUT
D.R. Horton
DHI
$41.7B
| $5.75M | 0.02% |
234,100
-318,400
| -58% | -$7.28M |
|
|
LM
1125
DELISTED
Legg Mason, Inc.
LM
| $5.75M | 0.02% |
+112,137
| New | +$5.41M |
|
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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.