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 | |
|---|---|---|---|---|---|---|
1926
CALL
Carnival Corporation Ltd
CCL
$34.5B
| $1.54M | ﹤0.01% |
69,900
+34,600
| +98% | +$1.34M |
|
|
BBBY
1927
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $1.54M | ﹤0.01% |
26,800
-47,400
| -64% | -$2.96M |
|
|
GDEF
1928
DELISTED
GLOBAL DEFENSE & NATIONAL SECURITY SYSTEMS INC COM
GDEF
| $1.53M | ﹤0.01% |
150,000
| – | – |
|
|
JRN
1929
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
| $1.53M | ﹤0.01% |
173,002
+84,786
| +96% | +$700K |
|
|
PETX
1930
DELISTED
Aratana Therapeutics, Inc.
PETX
| $1.53M | ﹤0.01% |
98,266
-1,976
| -2% | -$28K |
|
|
LDR
1931
DELISTED
Landauer Inc
LDR
| $1.53M | ﹤0.01% |
36,482
+15,074
| +70% | +$678K |
|
|
BCIC
1932
BCP Investment Corp
BCIC
$94.7M
| $1.53M | ﹤0.01% |
18,020
+13,381
| +288% | +$1.08M |
|
1933
Kosmos Energy
KOS
$1.69B
| $1.52M | ﹤0.01% |
135,498
-209,981
| -61% | -$2.24M |
|
|
SWC
1934
DELISTED
Stillwater Mining Co
SWC
| $1.52M | ﹤0.01% |
86,573
-1,264,966
| -94% | -$20.6M |
|
|
QPAC
1935
DELISTED
QUINPARIO ACQUISITION CORP COM STK
QPAC
| $1.52M | ﹤0.01% |
144,800
-108,700
| -43% | -$1.11M |
|
1936
Barrett Business Services
BBSI
$825M
| $1.52M | ﹤0.01% |
129,020
-48,472
| -27% | -$613K |
|
1937
Gladstone Investment Corp
GAIN
$655M
| $1.52M | ﹤0.01% |
204,835
+193,253
| +1,669% | +$1.5M |
|
|
RAI
1938
CALL
DELISTED
Reynolds American Inc
RAI
| $1.51M | ﹤0.01% |
50,000
-54,200
| -52% | -$1.55M |
|
|
IHS
1939
DELISTED
IHS INC CL-A COM STK
IHS
| $1.51M | ﹤0.01% |
11,105
-80,313
| -88% | -$10M |
|
|
SYA
1940
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $1.5M | ﹤0.01% |
65,877
-19,175
| -23% | -$402K |
|
1941
Arista Networks
ANET
$252B
| $1.5M | ﹤0.01% |
+384,000
| New | +$1.54M |
|
|
GTI
1942
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
| $1.5M | ﹤0.01% |
+143,123
| New | +$1.53M |
|
|
EXK
1943
Endeavour Silver
EXK
$3.33B
| $1.5M | ﹤0.01% |
273,738
-155,808
| -36% | -$695K |
|
1944
Forestar Group
FOR
$1.46B
| $1.5M | ﹤0.01% |
+78,307
| New | +$1.39M |
|
|
RAS
1945
DELISTED
RAIT Financial Trust
RAS
| $1.49M | ﹤0.01% |
180,357
+143,428
| +388% | +$1.16M |
|
|
HMHC
1946
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.49M | ﹤0.01% |
+77,700
| New | +$1.5M |
|
1947
CorMedix
CRMD
$655M
| $1.49M | ﹤0.01% |
164,380
+7,491
| +5% | +$63.9K |
|
|
HIBB
1948
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.49M | ﹤0.01% |
+27,464
| New | +$1.48M |
|
|
HF
1949
DELISTED
HFF Inc.
HF
| $1.49M | ﹤0.01% |
39,995
+25,809
| +182% | +$859K |
|
|
ELOS
1950
DELISTED
Syneron Medical Ltd
ELOS
| $1.49M | ﹤0.01% |
144,126
-53,912
| -27% | -$583K |
|
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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.