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 | |
|---|---|---|---|---|---|---|
|
NLSN
1326
DELISTED
Nielsen Holdings plc
NLSN
| $4.1M | 0.01% |
84,764
+4,442
| +6% | +$207K |
|
|
RVNC
1327
DELISTED
Revance Therapeutics, Inc.
RVNC
| $4.1M | 0.01% |
120,473
-200,609
| -62% | -$6.29M |
|
1328
Prospect Capital
PSEC
$1.22B
| $4.08M | 0.01% |
384,441
-300,843
| -44% | -$3.13M |
|
1329
CALL
D.R. Horton
DHI
$42.1B
| $4.08M | 0.01% |
166,100
-19,200
| -10% | -$439K |
|
|
DGI
1330
DELISTED
DigitalGlobe Inc.
DGI
| $4.08M | 0.01% |
146,805
+136,181
| +1,282% | +$4.07M |
|
|
BNY
1331
Bank of New York Mellon
BNY
$111B
| $4.08M | 0.01% |
108,760
+92,260
| +559% | +$3.19M |
|
1332
CALL
Innoviva
INVA
$1.53B
| $4.07M | 0.01% |
+136,700
| New | +$3.28M |
|
1333
Armstrong World Industries
AWI
$7.6B
| $4.07M | 0.01% |
70,830
-797,821
| -92% | -$43.2M |
|
1334
Urban Outfitters
URBN
$6.45B
| $4.06M | 0.01% |
119,975
+44,075
| +58% | +$1.54M |
|
|
MBT
1335
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $4.06M | 0.01% |
205,778
-212,047
| -51% | -$3.79M |
|
|
TGI
1336
DELISTED
Triumph Group
TGI
| $4.06M | 0.01% |
58,135
+36,949
| +174% | +$2.49M |
|
1337
Allstate
ALL
$65.3B
| $4.04M | 0.01% |
68,870
-557,173
| -89% | -$32.1M |
|
|
CAA
1338
CALL
DELISTED
CalAtlantic Group, Inc.
CAA
| $4.04M | 0.01% |
94,000
| – | – |
|
|
BBL
1339
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $4.03M | 0.01% |
61,845
-91,289
| -60% | -$5.88M |
|
1340
KeyCorp
KEY
$23.4B
| $4.03M | 0.01% |
280,883
-1,983,787
| -88% | -$27.4M |
|
|
GMCR
1341
DELISTED
KEURIG GREEN MTN INC
GMCR
| $4.02M | 0.01% |
32,263
-110,946
| -77% | -$12.1M |
|
1342
Cimpress
CMPR
$2.13B
| $4.02M | 0.01% |
99,284
+94,003
| +1,780% | +$4.09M |
|
1343
Idexx Laboratories
IDXX
$43.3B
| $4.02M | 0.01% |
60,150
+32,872
| +121% | +$2.09M |
|
1344
TriplePoint Venture Growth BDC
TPVG
$217M
| $4.01M | 0.01% |
244,992
-16,604
| -6% | -$257K |
|
|
HEES
1345
DELISTED
H&E Equipment Services
HEES
| $4.01M | 0.01% |
110,323
+42,600
| +63% | +$1.56M |
|
|
ICON
1346
DELISTED
Iconix Brand Group, Inc.
ICON
| $3.98M | 0.01% |
9,272
+2,369
| +34% | +$977K |
|
|
ASCMA
1347
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $3.98M | 0.01% |
60,280
+52,007
| +629% | +$3.46M |
|
1348
American International
AIG
$40B
| $3.98M | 0.01% |
72,873
-1,177,442
| -94% | -$62.3M |
|
|
KW
1349
DELISTED
Kennedy-Wilson Holdings
KW
| $3.98M | 0.01% |
148,265
-171,035
| -54% | -$4.08M |
|
|
GG
1350
PUT
DELISTED
Goldcorp Inc
GG
| $3.97M | 0.01% |
142,200
-234,000
| -62% | -$5.81M |
|
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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.