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 | |
|---|---|---|---|---|---|---|
1376
PUT
MannKind Corp
MNKD
$1.34B
| $3.75M | 0.01% |
68,400
-288,080
| -81% | -$11.6M |
|
|
LO
1377
CALL
DELISTED
LORILLARD INC COM STK
LO
| $3.73M | 0.01% |
+61,200
| New | +$3.56M |
|
1378
Compañía de Minas Buenaventura
BVN
$9.13B
| $3.72M | 0.01% |
+314,940
| New | +$3.62M |
|
|
ORAN
1379
DELISTED
Orange
ORAN
| $3.72M | 0.01% |
+235,398
| New | +$3.76M |
|
|
UNTD
1380
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $3.71M | 0.01% |
356,372
+226,289
| +174% | +$2.45M |
|
1381
CALL
Albemarle
ALB
$15.7B
| $3.69M | 0.01% |
+51,600
| New | +$3.54M |
|
1382
CALL
Caterpillar
CAT
$373B
| $3.68M | 0.01% |
33,900
+8,700
| +35% | +$913K |
|
1383
Morningstar
MORN
$8.07B
| $3.68M | 0.01% |
51,209
+38,850
| +314% | +$2.84M |
|
1384
Toro Company
TTC
$9.48B
| $3.68M | 0.01% |
115,616
+102,542
| +784% | +$3.27M |
|
|
ANDV
1385
DELISTED
Andeavor
ANDV
| $3.67M | 0.01% |
62,622
-879,229
| -93% | -$48.5M |
|
|
GG
1386
CALL
DELISTED
Goldcorp Inc
GG
| $3.67M | 0.01% |
131,600
-68,300
| -34% | -$1.7M |
|
1387
Rithm Capital
RITM
$5.68B
| $3.67M | 0.01% |
291,440
+180,965
| +164% | +$2.29M |
|
1388
CALL
Pfizer
PFE
$163B
| $3.66M | 0.01% |
129,958
-3,445,421
| -96% | -$98.2M |
|
|
MGAM
1389
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
| $3.66M | 0.01% |
123,475
+11,567
| +10% | +$330K |
|
1390
Advanced Energy
AEIS
$11B
| $3.66M | 0.01% |
189,914
+69,616
| +58% | +$1.42M |
|
1391
Plexus
PLXS
$6.42B
| $3.66M | 0.01% |
84,464
+67,465
| +397% | +$2.82M |
|
1392
Essent Group
ESNT
$6.2B
| $3.65M | 0.01% |
181,670
+19,677
| +12% | +$400K |
|
1393
Teradyne
TER
$57.3B
| $3.65M | 0.01% |
186,227
-108,938
| -37% | -$2.03M |
|
1394
Olin
OLN
$1.98B
| $3.65M | 0.01% |
+135,445
| New | +$3.74M |
|
|
IRF
1395
DELISTED
INTL RECTIFIER CORP
IRF
| $3.64M | 0.01% |
130,492
-24,428
| -16% | -$655K |
|
|
GLOP
1396
DELISTED
GASLOG PARTNERS LP
GLOP
| $3.63M | 0.01% |
+99,697
| New | +$2.94M |
|
1397
CALL
IBM
IBM
$221B
| $3.63M | 0.01% |
20,920
-1,569
| -7% | -$282K |
|
1398
Amphenol
APH
$196B
| $3.62M | 0.01% |
300,800
-299,040
| -50% | -$3.56M |
|
1399
CALL
Community Health Systems
CYH
$419M
| $3.62M | 0.01% |
+96,437
| New | +$3.21M |
|
1400
Waters Corp
WAT
$40.7B
| $3.6M | 0.01% |
34,515
+8,740
| +34% | +$919K |
|
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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.