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 | Miscellaneous | 14.36% |
| 3 | Healthcare | 12.6% |
| 4 | Utilities | 8.91% |
| 5 | Financials | 8.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1876
Onto Innovation
ONTO
$18B
| $1.71M | ﹤0.01% |
93,602
-15,524
| -14% | -$263K |
|
1877
Equity Lifestyle Properties
ELS
$12.5B
| $1.7M | ﹤0.01% |
77,184
-1,530,366
| -95% | -$32.7M |
|
|
IM
1878
DELISTED
Ingram Micro
IM
| $1.7M | ﹤0.01% |
58,282
-321,173
| -85% | -$9.02M |
|
1879
Avista
AVA
$3.16B
| $1.7M | ﹤0.01% |
+50,731
| New | +$1.61M |
|
1880
Azenta
AZTA
$1.47B
| $1.7M | ﹤0.01% |
157,884
+122,362
| +344% | +$1.23M |
|
|
STML
1881
DELISTED
Stemline Therapeutics, Inc.
STML
| $1.7M | ﹤0.01% |
115,835
+29,344
| +34% | +$450K |
|
|
KNGT
1882
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $1.69M | ﹤0.01% |
+71,148
| New | +$1.69M |
|
1883
CALL
Adobe
ADBE
$114B
| $1.69M | ﹤0.01% |
23,300
+4,200
| +22% | +$271K |
|
1884
Caleres
CAL
$430M
| $1.68M | ﹤0.01% |
58,848
-40,939
| -41% | -$1.07M |
|
|
AVX
1885
DELISTED
AVX Corporation
AVX
| $1.68M | ﹤0.01% |
126,696
+8,447
| +7% | +$112K |
|
1886
PUT
Ulta Beauty
ULTA
$23B
| $1.68M | ﹤0.01% |
18,400
-4,600
| -20% | -$414K |
|
1887
Encompass Health
EHC
$11.8B
| $1.68M | ﹤0.01% |
58,731
+30,630
| +109% | +$854K |
|
|
FPRX
1888
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $1.68M | ﹤0.01% |
107,699
-199,783
| -65% | -$2.87M |
|
|
IRC
1889
DELISTED
INLAND REAL ESTATE CORP
IRC
| $1.67M | ﹤0.01% |
157,476
-887,393
| -85% | -$9.34M |
|
1890
Telefônica Brasil
VIV
$18.2B
| $1.67M | ﹤0.01% |
81,466
-543,679
| -87% | -$11.2M |
|
|
FPO
1891
DELISTED
First Potomac Realty Trust
FPO
| $1.66M | ﹤0.01% |
126,439
+56,518
| +81% | +$736K |
|
1892
Capitol Federal Financial
CFFN
$1.06B
| $1.66M | ﹤0.01% |
+136,151
| New | +$1.66M |
|
1893
ArcelorMittal
MT
$56.2B
| $1.65M | ﹤0.01% |
48,439
+24,559
| +103% | +$883K |
|
1894
Grupo Aeroportuario del Sureste
ASR
$7.88B
| $1.65M | ﹤0.01% |
+12,999
| New | +$1.65M |
|
1895
PUT
Cirrus Logic
CRUS
$5.5B
| $1.64M | ﹤0.01% |
+72,200
| New | +$1.58M |
|
|
CGI
1896
DELISTED
Celadon Group Inc
CGI
| $1.64M | ﹤0.01% |
77,025
+67,435
| +703% | +$1.52M |
|
1897
Employers Holdings
EIG
$879M
| $1.64M | ﹤0.01% |
77,332
-17,996
| -19% | -$376K |
|
|
ACSF
1898
DELISTED
American Capital Senior Floating, Ltd.
ACSF
| $1.64M | ﹤0.01% |
116,915
+29,032
| +33% | +$398K |
|
1899
Innospec
IOSP
$2.34B
| $1.64M | ﹤0.01% |
37,901
+1,830
| +5% | +$78.9K |
|
1900
CALL
lululemon athletica
LULU
$13.2B
| $1.64M | ﹤0.01% |
40,400
+29,900
| +285% | +$1.36M |
|
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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 Miscellaneous and Healthcare.
- 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.