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 | |
|---|---|---|---|---|---|---|
1826
Jazz Pharmaceuticals
JAZZ
$16.2B
| $1.85M | 0.01% |
12,565
+374
| +3% | +$51.9K |
|
1827
Hercules Capital
HTGC
$3.3B
| $1.84M | 0.01% |
113,981
-105,562
| -48% | -$1.55M |
|
1828
PUT
Adobe
ADBE
$109B
| $1.84M | 0.01% |
25,400
-79,000
| -76% | -$5.1M |
|
1829
TriNet
TNET
$3.23B
| $1.84M | 0.01% |
+76,307
| New | +$1.79M |
|
1830
PUT
Jabil
JBL
$32.6B
| $1.83M | 0.01% |
87,700
-105,700
| -55% | -$1.96M |
|
1831
CALL
RH
RH
$2.81B
| $1.83M | 0.01% |
19,700
-2,400
| -11% | -$168K |
|
1832
Veracyte
VCYT
$3.56B
| $1.83M | 0.01% |
107,048
+25,577
| +31% | +$368K |
|
|
PNNT
1833
Pennant Park Investment Corp
PNNT
$246M
| $1.83M | 0.01% |
159,824
+147,146
| +1,161% | +$1.61M |
|
1834
CALL
Tapestry
TPR
$26B
| $1.83M | 0.01% |
53,500
-111,500
| -68% | -$4.79M |
|
1835
Community Health Systems
CYH
$412M
| $1.82M | 0.01% |
48,521
-142,870
| -75% | -$4.75M |
|
|
FSP
1836
Franklin Street Properties
FSP
$43.4M
| $1.81M | 0.01% |
+144,295
| New | +$1.79M |
|
1837
British American Tobacco
BTI
$124B
| $1.81M | 0.01% |
+30,462
| New | +$1.78M |
|
1838
Harley-Davidson
HOG
$2.9B
| $1.81M | 0.01% |
+25,939
| New | +$1.83M |
|
|
BKCC
1839
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $1.81M | 0.01% |
+198,923
| New | +$1.76M |
|
1840
CALL
PVH
PVH
$3.62B
| $1.81M | 0.01% |
15,500
-18,100
| -54% | -$2.25M |
|
|
PGH
1841
DELISTED
Pengrowth Energy Corporation
PGH
| $1.8M | 0.01% |
251,349
-284,922
| -53% | -$1.86M |
|
|
HCR
1842
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $1.8M | 0.01% |
+27,500
| New | +$1.28M |
|
1843
Kelly Services Class A
KELYA
$590M
| $1.8M | 0.01% |
104,645
+20,428
| +24% | +$402K |
|
|
1844
PUT
PVH
PVH
$3.62B
| $1.8M | 0.01% |
15,400
-52,300
| -77% | -$6.51M |
|
|
AFOP
1845
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
| $1.79M | 0.01% |
99,132
+67,513
| +214% | +$1.28M |
|
|
BCPC
1846
Balchem Corp
BCPC
$5.73B
| $1.79M | 0.01% |
33,484
+24,006
| +253% | +$1.38M |
|
1847
Selective Insurance
SIGI
$5.5B
| $1.79M | 0.01% |
72,417
-75,575
| -51% | -$1.78M |
|
1848
Omega Healthcare
OHI
$14.2B
| $1.79M | 0.01% |
48,502
+29,595
| +157% | +$1.06M |
|
|
MDVN
1849
PUT
DELISTED
MEDIVATION, INC.
MDVN
| $1.79M | 0.01% |
46,400
-93,600
| -67% | -$3.16M |
|
1850
Curtiss-Wright
CW
$22.9B
| $1.79M | ﹤0.01% |
27,248
-90,224
| -77% | -$5.92M |
|
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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.