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 | |
|---|---|---|---|---|---|---|
1401
CALL
Ashland
ASH
$3.38B
| $3.59M | 0.01% |
+67,452
| New | +$3.36M |
|
1402
La-Z-Boy
LZB
$1.28B
| $3.58M | 0.01% |
154,696
+139,561
| +922% | +$3.45M |
|
|
SONC
1403
CALL
DELISTED
Sonic Corp
SONC
| $3.58M | 0.01% |
+162,000
| New | +$3.42M |
|
1404
Sumitomo Mitsui Financial
SMFG
$160B
| $3.58M | 0.01% |
422,034
+215,051
| +104% | +$1.77M |
|
|
PWRD
1405
DELISTED
PERFECT WORLD CO LTD SPONSORED ADR REPSTG CL B (CAYMAN ISL)
PWRD
| $3.57M | 0.01% |
182,093
+128,086
| +237% | +$2.38M |
|
1406
Comtech Telecommunications
CMTL
$53M
| $3.57M | 0.01% |
95,607
+31,317
| +49% | +$1.05M |
|
|
WW
1407
DELISTED
WW International
WW
| $3.56M | 0.01% |
176,640
+117,410
| +198% | +$2.51M |
|
|
INSY
1408
DELISTED
Insys Therapeutics, Inc.
INSY
| $3.56M | 0.01% |
228,092
+43,734
| +24% | +$707K |
|
1409
PUT
Johnson Controls International
JCI
$85.9B
| $3.56M | 0.01% |
+68,091
| New | +$3.39M |
|
|
EGLT
1410
DELISTED
Egalet Corporation
EGLT
| $3.54M | 0.01% |
270,056
+55,056
| +26% | +$689K |
|
1411
Old Republic International
ORI
$10.2B
| $3.54M | 0.01% |
213,841
+196,342
| +1,122% | +$3.28M |
|
|
FLY
1412
DELISTED
Fly Leasing Limited
FLY
| $3.53M | 0.01% |
243,859
-93,043
| -28% | -$1.32M |
|
1413
CALL
International Paper
IP
$21.7B
| $3.53M | 0.01% |
74,955
+35,443
| +90% | +$1.55M |
|
1414
CALL
iShares US Home Construction ETF
ITB
$2.29B
| $3.52M | 0.01% |
+141,800
| New | +$3.39M |
|
|
GOLD
1415
DELISTED
Randgold Resources Ltd
GOLD
| $3.52M | 0.01% |
42,174
-168,201
| -80% | -$12.9M |
|
1416
B&G Foods
BGS
$286M
| $3.51M | 0.01% |
107,492
+95,476
| +795% | +$3.13M |
|
1417
Allegion
ALLE
$13.6B
| $3.51M | 0.01% |
61,917
-57,168
| -48% | -$3.01M |
|
1418
CALL
Acadia Pharmaceuticals
ACAD
$5.27B
| $3.5M | 0.01% |
155,000
-3,100
| -2% | -$64.7K |
|
1419
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $3.5M | 0.01% |
36,727
-31,645
| -46% | -$2.99M |
|
|
HAWK
1420
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $3.49M | 0.01% |
+129,965
| New | +$3.22M |
|
1421
SiriusXM
SIRI
$9.68B
| $3.49M | 0.01% |
100,832
-114,763
| -53% | -$3.73M |
|
|
IVC
1422
DELISTED
Invacare Corporation
IVC
| $3.49M | 0.01% |
189,794
+134,642
| +244% | +$2.29M |
|
1423
Wells Fargo
WFC
$256B
| $3.48M | 0.01% |
66,270
-229,838
| -78% | -$11.6M |
|
1424
Eldorado Gold
EGO
$12.6B
| $3.48M | 0.01% |
91,142
-47,956
| -34% | -$1.47M |
|
1425
Chevron
CVX
$392B
| $3.47M | 0.01% |
26,574
-127,754
| -83% | -$15.9M |
|
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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.