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 | |
|---|---|---|---|---|---|---|
1751
CALL
BlackBerry
BB
$4.55B
| $2.05M | 0.01% |
200,000
-8,200
| -4% | -$64.6K |
|
1752
First Bancorp
FBP
$4.31B
| $2.05M | 0.01% |
376,121
+336,090
| +840% | +$1.77M |
|
1753
Compañía de Cervecerías Unidas
CCU
$2.3B
| $2.04M | 0.01% |
87,011
+8,902
| +11% | +$205K |
|
1754
Broadridge
BR
$20.7B
| $2.04M | 0.01% |
48,885
+9,990
| +26% | +$391K |
|
1755
Heartland Express
HTLD
$958M
| $2.04M | 0.01% |
95,385
-610,603
| -86% | -$13.2M |
|
|
STI
1756
PUT
DELISTED
SunTrust Banks, Inc.
STI
| $2.04M | 0.01% |
+50,800
| New | +$1.98M |
|
1757
Ally Financial
ALLY
$13B
| $2.03M | 0.01% |
+85,000
| New | +$2.06M |
|
1758
PUT
Huntsman Corp
HUN
$1.67B
| $2.03M | 0.01% |
+72,300
| New | +$1.89M |
|
1759
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $2.03M | 0.01% |
+19,606
| New | +$2.01M |
|
|
SEMI
1760
DELISTED
SunEdison Semiconductor Limited
SEMI
| $2.02M | 0.01% |
+119,590
| New | +$1.97M |
|
|
NADL
1761
DELISTED
North Atlantic Drilling Ltd
NADL
| $2.02M | 0.01% |
18,995
+11,495
| +153% | +$1.08M |
|
1762
Black Hills Corp
BKH
$5.61B
| $2.01M | 0.01% |
32,814
-37,597
| -53% | -$2.18M |
|
1763
Prudential
PUK
$35.2B
| $2.01M | 0.01% |
45,176
+35,698
| +377% | +$1.58M |
|
|
ESND
1764
DELISTED
Essendant Inc.
ESND
| $2M | 0.01% |
48,343
-19,523
| -29% | -$765K |
|
|
BWLD
1765
CALL
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $2M | 0.01% |
12,100
-21,900
| -64% | -$3.22M |
|
|
STI
1766
CALL
DELISTED
SunTrust Banks, Inc.
STI
| $2M | 0.01% |
50,000
-87,100
| -64% | -$3.39M |
|
|
PAY
1767
PUT
DELISTED
Verifone Systems Inc
PAY
| $2M | 0.01% |
54,500
+20,900
| +62% | +$712K |
|
|
USG
1768
DELISTED
Usg
USG
| $2M | 0.01% |
66,418
-132,236
| -67% | -$4.05M |
|
|
IO
1769
DELISTED
ION Geophysical Corporation
IO
| $2M | 0.01% |
31,616
+11,473
| +57% | +$723K |
|
|
RKT
1770
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $2M | 0.01% |
37,900
-27,954
| -42% | -$1.41M |
|
1771
Hanmi Financial
HAFC
$920M
| $2M | 0.01% |
94,886
+23,041
| +32% | +$505K |
|
|
AMTG
1772
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
| $2M | 0.01% |
119,416
+28,571
| +31% | +$469K |
|
|
WW
1773
CALL
DELISTED
WW International
WW
| $1.99M | 0.01% |
98,800
-9,800
| -9% | -$210K |
|
|
DRIV
1774
DELISTED
DIGITAL RIVER INC.
DRIV
| $1.99M | 0.01% |
129,166
+104,363
| +421% | +$1.66M |
|
|
HRC
1775
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $1.99M | 0.01% |
+47,940
| New | +$1.86M |
|
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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.