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 | |
|---|---|---|---|---|---|---|
|
BAS
151
DELISTED
Basis Energy Services, Inc.
BAS
| $47.4M | 0.13% |
2,847
+145
| +5% | +$2.2M |
|
|
PE
152
DELISTED
PARSLEY ENERGY INC
PE
| $47.4M | 0.13% |
+1,967,276
| New | +$46.9M |
|
153
Welltower
WELL
$172B
| $47.3M | 0.13% |
+755,385
| New | +$47.5M |
|
|
CELG
154
DELISTED
Celgene Corp
CELG
| $46.9M | 0.13% |
546,087
-177,457
| -25% | -$13.5M |
|
155
Vertex Pharmaceuticals
VRTX
$139B
| $46.5M | 0.13% |
491,222
+257,408
| +110% | +$18M |
|
156
Kilroy Realty
KRC
$4.25B
| $45.9M | 0.13% |
736,856
+515,553
| +233% | +$31.1M |
|
|
DRE
157
DELISTED
Duke Realty Corp.
DRE
| $45.8M | 0.13% |
2,519,384
+616,454
| +32% | +$10.8M |
|
158
Steel Dynamics
STLD
$32.8B
| $45.7M | 0.13% |
2,547,215
+374,029
| +17% | +$6.72M |
|
159
PVH
PVH
$3.62B
| $44.9M | 0.12% |
385,058
+352,469
| +1,082% | +$43.9M |
|
160
United Airlines
UAL
$36.7B
| $44.6M | 0.12% |
1,085,699
+245,948
| +29% | +$10.6M |
|
161
T-Mobile US
TMUS
$196B
| $44.5M | 0.12% |
1,322,421
+818,180
| +162% | +$26.4M |
|
162
Ulta Beauty
ULTA
$22.4B
| $44.4M | 0.12% |
485,712
+583
| +0.1% | +$52.5K |
|
|
PEGI
163
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $44.4M | 0.12% |
1,340,953
+278,411
| +26% | +$8.14M |
|
|
QVCGA
164
DELISTED
QVC Group Inc Series A
QVCGA
| $44M | 0.12% |
+36,496
| New | +$43.5M |
|
165
Brookdale Senior Living
BKD
$2.82B
| $43.8M | 0.12% |
1,315,100
+1,040,254
| +378% | +$33.8M |
|
166
Regions Financial
RF
$25.9B
| $43.8M | 0.12% |
4,125,254
-558,436
| -12% | -$5.82M |
|
|
CTRX
167
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $43.8M | 0.12% |
991,163
-119,815
| -11% | -$5.07M |
|
|
XL
168
DELISTED
XL Group Ltd.
XL
| $43.8M | 0.12% |
1,337,227
+114,164
| +9% | +$3.66M |
|
169
SM Energy
SM
$8.85B
| $43.7M | 0.12% |
520,151
+346,456
| +199% | +$26.6M |
|
|
NBL
170
DELISTED
Noble Energy, Inc.
NBL
| $43.5M | 0.12% |
562,231
+161,486
| +40% | +$11.8M |
|
|
ROC
171
DELISTED
ROCKWOOD HLDGS INC
ROC
| $43.5M | 0.12% |
572,022
-190,402
| -25% | -$14M |
|
|
PNRA
172
DELISTED
Panera Bread Co
PNRA
| $43.5M | 0.12% |
290,050
+288,555
| +19,301% | +$45.7M |
|
173
Whirlpool
WHR
$2.63B
| $43.4M | 0.12% |
311,757
+245,375
| +370% | +$36M |
|
174
Polaris
PII
$3.66B
| $43.3M | 0.12% |
332,827
+307,980
| +1,240% | +$40.8M |
|
175
Sally Beauty Holdings
SBH
$1.55B
| $42.9M | 0.12% |
1,710,662
-459,485
| -21% | -$11.9M |
|
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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.