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 | |
|---|---|---|---|---|---|---|
1251
AGNC Investment
AGNC
$12.9B
| $4.71M | 0.01% |
201,372
-115,808
| -37% | -$2.66M |
|
1252
Melco Resorts & Entertainment
MLCO
$2.06B
| $4.71M | 0.01% |
132,014
-586,813
| -82% | -$20.3M |
|
|
MFA
1253
MFA Financial
MFA
$891M
| $4.71M | 0.01% |
143,509
+101,082
| +238% | +$3.27M |
|
1254
Xerox
XRX
$372M
| $4.69M | 0.01% |
143,109
-54,197
| -27% | -$1.72M |
|
|
CXP
1255
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $4.68M | 0.01% |
+180,115
| New | +$4.91M |
|
1256
Acuity Brands
AYI
$10.1B
| $4.68M | 0.01% |
33,833
-25,071
| -43% | -$3.19M |
|
|
GHL
1257
DELISTED
Greenhill & Co., Inc.
GHL
| $4.67M | 0.01% |
94,800
+49,525
| +109% | +$2.44M |
|
1258
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $4.64M | 0.01% |
+141,800
| New | +$4.49M |
|
|
HCC
1259
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $4.64M | 0.01% |
+94,809
| New | +$4.42M |
|
1260
CALL
Darden Restaurants
DRI
$25.2B
| $4.63M | 0.01% |
111,869
| – | – |
|
|
NSTG
1261
DELISTED
NanoString Technologies, Inc.
NSTG
| $4.62M | 0.01% |
308,948
+159,646
| +107% | +$2.52M |
|
|
WFT
1262
CALL
DELISTED
Weatherford International plc
WFT
| $4.62M | 0.01% |
200,700
+200
| +0.1% | +$4.12K |
|
|
SLXP
1263
CALL
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $4.59M | 0.01% |
+37,200
| New | +$4.11M |
|
1264
Werner Enterprises
WERN
$2.27B
| $4.59M | 0.01% |
172,996
-261,493
| -60% | -$6.78M |
|
|
KCG
1265
DELISTED
KCG Holdings, Inc.
KCG
| $4.57M | 0.01% |
384,812
-101,515
| -21% | -$1.13M |
|
|
DWA
1266
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $4.57M | 0.01% |
196,503
+30,114
| +18% | +$786K |
|
|
VALE.P
1267
DELISTED
Vale S A
VALE.P
| $4.57M | 0.01% |
384,041
-943,068
| -71% | -$11.5M |
|
|
ACAS
1268
DELISTED
American Capital Ltd
ACAS
| $4.57M | 0.01% |
298,850
-337,218
| -53% | -$5.03M |
|
1269
CALL
Celanese
CE
$4.89B
| $4.56M | 0.01% |
71,000
-4,700
| -6% | -$285K |
|
|
CLD
1270
DELISTED
Cloud Peak Energy Inc
CLD
| $4.56M | 0.01% |
247,328
-642,517
| -72% | -$12.6M |
|
|
TIF
1271
DELISTED
Tiffany & Co.
TIF
| $4.54M | 0.01% |
45,296
-369,428
| -89% | -$34.3M |
|
1272
CALL
Wells Fargo
WFC
$254B
| $4.53M | 0.01% |
+86,200
| New | +$4.33M |
|
|
ASNA
1273
DELISTED
Ascena Retail Group, Inc.
ASNA
| $4.53M | 0.01% |
13,246
-8,390
| -39% | -$2.87M |
|
1274
Standex International
SXI
$3.68B
| $4.53M | 0.01% |
60,762
+48,928
| +413% | +$3.36M |
|
|
GMLP
1275
DELISTED
Golar LNG Partners LP
GMLP
| $4.52M | 0.01% |
122,540
+96,955
| +379% | +$3.13M |
|
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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.