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 | |
|---|---|---|---|---|---|---|
|
VVC
1551
DELISTED
Vectren Corporation
VVC
| $2.81M | 0.01% |
66,205
+12,839
| +24% | +$513K |
|
1552
Beazer Homes USA
BZH
$885M
| $2.8M | 0.01% |
133,489
-52,891
| -28% | -$1.03M |
|
1553
Rio Tinto
RIO
$174B
| $2.8M | 0.01% |
51,566
+566
| +1% | +$30.7K |
|
|
MJN
1554
PUT
DELISTED
Mead Johnson Nutrition Company
MJN
| $2.79M | 0.01% |
30,000
-80,700
| -73% | -$7.06M |
|
1555
PUT
NRG Energy
NRG
$23.9B
| $2.79M | 0.01% |
75,000
-1,700
| -2% | -$58.5K |
|
1556
Home BancShares
HOMB
$5.98B
| $2.79M | 0.01% |
+169,912
| New | +$2.74M |
|
|
SGMO
1557
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $2.78M | 0.01% |
+182,315
| New | +$2.62M |
|
1558
CALL
BioMarin Pharmaceuticals
BMRN
$12.8B
| $2.77M | 0.01% |
+44,600
| New | +$2.69M |
|
|
EDR
1559
DELISTED
Education Realty Trust Inc
EDR
| $2.77M | 0.01% |
85,974
-58,858
| -41% | -$1.82M |
|
1560
Prestige Consumer Healthcare
PBH
$2.44B
| $2.76M | 0.01% |
81,349
+46,615
| +134% | +$1.49M |
|
1561
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $2.75M | 0.01% |
63,811
+53,541
| +521% | +$2.26M |
|
|
TECD
1562
DELISTED
Tech Data Corp
TECD
| $2.75M | 0.01% |
44,009
+17,248
| +64% | +$1.07M |
|
|
GTIV
1563
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
| $2.75M | 0.01% |
182,526
+145,911
| +399% | +$1.65M |
|
|
GRT
1564
DELISTED
GLIMCHER REALTY TRUST
GRT
| $2.75M | 0.01% |
253,782
-2,732,185
| -92% | -$28.7M |
|
1565
National Fuel Gas
NFG
$7.81B
| $2.74M | 0.01% |
35,004
-53,216
| -60% | -$3.92M |
|
1566
Puma Biotechnology
PBYI
$481M
| $2.73M | 0.01% |
41,437
+7,690
| +23% | +$547K |
|
|
IRE
1567
DELISTED
GOVERNOR-BK OF IRELND ADS NEW
IRE
| $2.72M | 0.01% |
195,439
+178,939
| +1,084% | +$2.9M |
|
|
GLRI
1568
DELISTED
GLORI ENERGY INC COMMON STOCK
GLRI
| $2.72M | 0.01% |
+250,047
| New | +$2.31M |
|
1569
Church & Dwight Co
CHD
$24.3B
| $2.71M | 0.01% |
77,412
-236,538
| -75% | -$8.13M |
|
|
CTXS
1570
DELISTED
Citrix Systems Inc
CTXS
| $2.71M | 0.01% |
54,349
-143,264
| -72% | -$6.89M |
|
|
GAS
1571
DELISTED
AGL Resources Inc
GAS
| $2.7M | 0.01% |
+49,091
| New | +$2.58M |
|
1572
PUT
Berkshire Hathaway Class B
BRK.B
$1.08T
| $2.7M | 0.01% |
21,300
-123,200
| -85% | -$15.6M |
|
|
TEN
1573
Tsakos Energy Navigation Ltd
TEN
$1.27B
| $2.69M | 0.01% |
80,514
+49,029
| +156% | +$1.77M |
|
|
HI
1574
DELISTED
Hillenbrand
HI
| $2.69M | 0.01% |
82,434
+14,254
| +21% | +$440K |
|
1575
Sysco
SYY
$40B
| $2.69M | 0.01% |
71,735
-212,108
| -75% | -$7.79M |
|
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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.