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 | |
|---|---|---|---|---|---|---|
1476
Autohome
ATHM
$2.5B
| $3.16M | 0.01% |
91,763
+82,386
| +879% | +$2.81M |
|
1477
Hilltop Holdings
HTH
$2.21B
| $3.15M | 0.01% |
148,246
+113,873
| +331% | +$2.49M |
|
1478
Quanex
NX
$916M
| $3.15M | 0.01% |
176,329
-41,772
| -19% | -$782K |
|
1479
Magna International
MGA
$17.7B
| $3.15M | 0.01% |
58,448
-271,882
| -82% | -$13.8M |
|
|
EQC
1480
DELISTED
Equity Commonwealth
EQC
| $3.14M | 0.01% |
119,373
-40,113
| -25% | -$1.05M |
|
|
ECOM
1481
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $3.14M | 0.01% |
119,137
+33,186
| +39% | +$842K |
|
|
AMAP
1482
DELISTED
AUTONAVI HLDGS LTD SPON ADR (CYM)
AMAP
| $3.13M | 0.01% |
150,000
-50,600
| -25% | -$1.05M |
|
|
ANN
1483
DELISTED
ANN INC
ANN
| $3.13M | 0.01% |
76,099
-54,343
| -42% | -$2.17M |
|
1484
Boston Properties
BXP
$11.5B
| $3.12M | 0.01% |
+26,389
| New | +$3.12M |
|
|
WINT
1485
DELISTED
Windtree Therapeutics Inc
WINT
| $3.12M | 0.01% |
125,000
+22,400
| +22% | +$573K |
|
|
HSH
1486
CALL
DELISTED
HILLSHIRE BRANDS CO
HSH
| $3.12M | 0.01% |
+50,000
| New | +$2.26M |
|
1487
NOV
NOV
$7.11B
| $3.11M | 0.01% |
37,740
+26,300
| +230% | +$1.96M |
|
|
DRWI
1488
DELISTED
DragonWave Inc
DRWI
| $3.11M | 0.01% |
59,200
-11,900
| -17% | -$405K |
|
|
PDCO
1489
DELISTED
Patterson Companies, Inc.
PDCO
| $3.1M | 0.01% |
+78,493
| New | +$3.17M |
|
1490
Energy Transfer Partners
ET
$72.4B
| $3.09M | 0.01% |
105,000
+15,000
| +17% | +$379K |
|
|
TSE
1491
DELISTED
Trinseo
TSE
| $3.09M | 0.01% |
+148,576
| New | +$3.19M |
|
|
ROIC
1492
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.09M | 0.01% |
+196,257
| New | +$3.07M |
|
1493
Genworth Financial
GNW
$3.73B
| $3.08M | 0.01% |
177,120
+102,120
| +136% | +$1.79M |
|
|
AAV
1494
DELISTED
Advantage Oil & Gas Ltd
AAV
| $3.08M | 0.01% |
457,924
+385,024
| +528% | +$2.34M |
|
|
ITMN
1495
PUT
DELISTED
INTERMUNE INC
ITMN
| $3.08M | 0.01% |
+69,700
| New | +$2.57M |
|
1496
Ezcorp Inc
EZPW
$2.16B
| $3.07M | 0.01% |
265,478
+184,618
| +228% | +$2.11M |
|
1497
Woodward
WWD
$20.1B
| $3.06M | 0.01% |
61,052
+44,589
| +271% | +$2.03M |
|
|
PETM
1498
CALL
DELISTED
PETSMART INC
PETM
| $3.06M | 0.01% |
51,200
+47,600
| +1,322% | +$3M |
|
1499
Canadian Imperial Bank of Commerce
CM
$108B
| $3.06M | 0.01% |
68,671
+40,661
| +145% | +$1.77M |
|
|
WR
1500
DELISTED
Westar Energy Inc
WR
| $3.06M | 0.01% |
80,000
+52,400
| +190% | +$1.88M |
|
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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.