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 | |
|---|---|---|---|---|---|---|
1651
Main Street Capital
MAIN
$5.47B
| $2.37M | 0.01% |
+71,919
| New | +$2.26M |
|
1652
CALL
Amgen
AMGN
$239B
| $2.37M | 0.01% |
20,000
-130,900
| -87% | -$15.2M |
|
1653
American Homes 4 Rent
AMH
$12.4B
| $2.36M | 0.01% |
132,918
+121,017
| +1,017% | +$2.06M |
|
|
CPE
1654
DELISTED
Callon Petroleum Company
CPE
| $2.36M | 0.01% |
20,233
+1,021
| +5% | +$101K |
|
1655
AeroVironment
AVAV
$7.49B
| $2.36M | 0.01% |
74,074
+50,039
| +208% | +$1.7M |
|
1656
Orthofix Medical
OFIX
$393M
| $2.36M | 0.01% |
65,000
-6,016
| -8% | -$194K |
|
|
KNL
1657
DELISTED
Knoll, Inc.
KNL
| $2.34M | 0.01% |
+135,058
| New | +$2.38M |
|
|
HITT
1658
CALL
DELISTED
HITTITE MICROWAVE CORP
HITT
| $2.34M | 0.01% |
+30,000
| New | +$1.93M |
|
1659
Safety Insurance
SAFT
$1.52B
| $2.34M | 0.01% |
+45,498
| New | +$2.39M |
|
1660
ArcBest
ARCB
$3.03B
| $2.33M | 0.01% |
53,541
+4,622
| +9% | +$187K |
|
1661
Gold Fields
GFI
$43.5B
| $2.33M | 0.01% |
625,734
-1,411,018
| -69% | -$5.43M |
|
|
CHMT
1662
DELISTED
Chemtura Corporation
CHMT
| $2.32M | 0.01% |
88,667
-1,524,332
| -95% | -$37.6M |
|
|
SFUN
1663
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $2.31M | 0.01% |
4,717
+625
| +15% | +$366K |
|
|
MNTA
1664
PUT
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.3M | 0.01% |
+190,100
| New | +$2.25M |
|
|
NEWP
1665
DELISTED
NEWPORT CORP
NEWP
| $2.29M | 0.01% |
123,988
+17,801
| +17% | +$333K |
|
|
AFFX
1666
DELISTED
Affymetrix Inc
AFFX
| $2.29M | 0.01% |
257,276
-598,584
| -70% | -$4.76M |
|
1667
Rayonier
RYN
$6.32B
| $2.29M | 0.01% |
70,938
-292,647
| -80% | -$9.18M |
|
|
AMT.PRA
1668
DELISTED
American Tower Corporation
AMT.PRA
| $2.29M | 0.01% |
+21,503
| New | +$2.31M |
|
|
JONE
1669
DELISTED
Jones Energy, Inc.
JONE
| $2.29M | 0.01% |
+6,060
| New | +$1.87M |
|
|
HCR
1670
CALL
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $2.28M | 0.01% |
+34,800
| New | +$1.62M |
|
1671
Harmony Gold Mining
HMY
$14.3B
| $2.28M | 0.01% |
767,333
-322,969
| -30% | -$973K |
|
1672
Cumberland Pharmaceuticals
CPIX
$130M
| $2.27M | 0.01% |
505,304
+221,160
| +78% | +$988K |
|
1673
Wipro
WIT
$18.6B
| $2.27M | 0.01% |
+1,020,240
| New | +$2.3M |
|
|
PKD
1674
DELISTED
Parker Drilling Company
PKD
| $2.27M | 0.01% |
23,231
-6,032
| -21% | -$598K |
|
|
IPHS
1675
DELISTED
Innophos Holdings, Inc.
IPHS
| $2.27M | 0.01% |
39,455
+30,887
| +360% | +$1.68M |
|
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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.