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 | |
|---|---|---|---|---|---|---|
126
TJX Companies
TJX
$155B
| $52.7M | 0.15% |
1,984,810
+1,232,438
| +164% | +$35.2M |
|
127
Spire
SR
$4.78B
| $52.7M | 0.15% |
1,085,642
+1,069,323
| +6,553% | +$50M |
|
|
DISH
128
DELISTED
DISH Network Corp.
DISH
| $52.6M | 0.15% |
808,776
-30,585
| -4% | -$1.84M |
|
|
VIAB
129
DELISTED
Viacom Inc. Class B
VIAB
| $52.6M | 0.15% |
606,770
+356,289
| +142% | +$30.3M |
|
130
Cheniere Energy
LNG
$57.3B
| $52.4M | 0.15% |
731,035
-806,780
| -52% | -$49M |
|
131
Ovintiv
OVV
$18.5B
| $52M | 0.14% |
438,889
-371,597
| -46% | -$43M |
|
132
Zions Bancorporation
ZION
$9.95B
| $51.9M | 0.14% |
1,762,332
-737,046
| -29% | -$21.7M |
|
133
AB InBev
BUD
$155B
| $51.9M | 0.14% |
451,603
-450,140
| -50% | -$49.5M |
|
134
CNX Resources
CNX
$5.38B
| $51.7M | 0.14% |
1,347,427
+403,477
| +43% | +$14.8M |
|
135
Ironwood Pharmaceuticals
IRWD
$709M
| $51.6M | 0.14% |
4,021,088
-2,317,149
| -37% | -$25.2M |
|
136
Illinois Tool Works
ITW
$80.4B
| $51.3M | 0.14% |
585,705
+186,915
| +47% | +$16.1M |
|
137
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $51.1M | 0.14% |
44,220
-1,345
| -3% | -$1.42M |
|
138
Huntington Bancshares
HBAN
$34.4B
| $51M | 0.14% |
5,349,869
+5,273,061
| +6,865% | +$49.6M |
|
|
CXO
139
DELISTED
CONCHO RESOURCES INC.
CXO
| $50.9M | 0.14% |
352,528
-201,763
| -36% | -$26.8M |
|
140
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $50.9M | 0.14% |
537,500
-89,000
| -14% | -$6.24M |
|
141
CALL
Bristol-Myers Squibb
BMY
$137B
| $50.7M | 0.14% |
1,045,400
+389,700
| +59% | +$19.2M |
|
142
PBF Energy
PBF
$8.72B
| $50.2M | 0.14% |
1,883,873
+1,579,130
| +518% | +$46.7M |
|
143
F5
FFIV
$21.8B
| $50M | 0.14% |
448,647
-51,277
| -10% | -$5.52M |
|
144
SPDR Gold Trust
GLD
$152B
| $49.6M | 0.14% |
387,539
-98,620
| -20% | -$12.3M |
|
145
Western Alliance Bancorporation
WAL
$8.69B
| $48.9M | 0.14% |
2,055,285
+775,593
| +61% | +$18.2M |
|
146
Fidelity National Information Services
FIS
$21.3B
| $48.9M | 0.14% |
892,713
+295,715
| +50% | +$15.9M |
|
147
Affiliated Managers Group
AMG
$9.21B
| $48.8M | 0.14% |
237,591
-22,455
| -9% | -$4.34M |
|
148
Trinity Industries
TRN
$2.37B
| $48.6M | 0.13% |
1,542,823
-903,495
| -37% | -$25.6M |
|
149
Bloomin' Brands
BLMN
$996M
| $48.5M | 0.13% |
2,160,365
-833,567
| -28% | -$18.4M |
|
|
CNL
150
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $48.1M | 0.13% |
815,127
+316,087
| +63% | +$16.5M |
|
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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.