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 | |
|---|---|---|---|---|---|---|
|
SRC
101
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $65.4M | 0.18% |
1,284,160
+164,712
| +15% | +$8.18M |
|
102
Reliance Steel & Aluminium
RS
$19.8B
| $65.3M | 0.18% |
885,541
+24,768
| +3% | +$1.78M |
|
|
ATW
103
DELISTED
Atwood Oceanics
ATW
| $64.4M | 0.18% |
1,226,736
-81,961
| -6% | -$4.04M |
|
104
Adobe
ADBE
$109B
| $63.9M | 0.18% |
883,152
+304,978
| +53% | +$19.7M |
|
105
DuPont de Nemours
DD
$18.7B
| $63.6M | 0.18% |
487,794
+63,512
| +15% | +$8.09M |
|
106
Ashland
ASH
$3.33B
| $62.7M | 0.17% |
1,177,953
+638,725
| +118% | +$31.9M |
|
|
AGN
107
DELISTED
Allergan plc
AGN
| $62.3M | 0.17% |
279,334
-686,048
| -71% | -$142M |
|
108
Procter & Gamble
PG
$336B
| $62.2M | 0.17% |
791,523
+718,905
| +990% | +$58M |
|
|
PARA
109
PUT
DELISTED
Paramount Global Class B
PARA
| $62.1M | 0.17% |
+1,000,000
| New | +$59.5M |
|
110
Hartford Financial Services
HIG
$36.9B
| $62M | 0.17% |
1,732,709
+1,465,146
| +548% | +$51.6M |
|
111
Aptiv
APTV
$10B
| $62M | 0.17% |
902,147
+738,010
| +450% | +$50.1M |
|
112
Universal Health Services
UHS
$10.4B
| $61.5M | 0.17% |
642,600
-269,497
| -30% | -$23.3M |
|
|
RAI
113
DELISTED
Reynolds American Inc
RAI
| $61.2M | 0.17% |
2,029,624
-217,930
| -10% | -$6.25M |
|
|
DYN
114
DELISTED
Dynegy, Inc.
DYN
| $61M | 0.17% |
1,752,596
+215,959
| +14% | +$6.67M |
|
115
Broadcom
AVGO
$1.75T
| $60.5M | 0.17% |
8,397,330
+6,433,400
| +328% | +$43.2M |
|
116
Range Resources
RRC
$9.59B
| $57.7M | 0.16% |
663,165
+397,561
| +150% | +$35.6M |
|
117
Hershey
HSY
$37.5B
| $57.2M | 0.16% |
587,511
+247,510
| +73% | +$24.3M |
|
118
Motorola Solutions
MSI
$79.5B
| $57.1M | 0.16% |
857,343
+792,182
| +1,216% | +$52.1M |
|
119
Honeywell
HON
$68.4B
| $55.7M | 0.15% |
667,133
-104,539
| -14% | -$8.74M |
|
|
MHR
120
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $55.6M | 0.15% |
6,779,602
+739,660
| +12% | +$6.02M |
|
121
Liberty Global Class A
LBTYA
$3.63B
| $54.9M | 0.15% |
1,505,993
+874,783
| +139% | +$30.7M |
|
122
Forum Energy Technologies
FET
$871M
| $54.7M | 0.15% |
75,139
+40,169
| +115% | +$26.2M |
|
|
TWX
123
DELISTED
Time Warner Inc
TWX
| $54.4M | 0.15% |
774,179
+595,689
| +334% | +$39.2M |
|
|
TFCFA
124
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $54M | 0.15% |
1,534,903
+428,102
| +39% | +$14.6M |
|
|
EPB
125
CALL
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
| $53.6M | 0.15% |
1,478,400
+754,000
| +104% | +$25.2M |
|
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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.