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 | |
|---|---|---|---|---|---|---|
176
Stanley Black & Decker
SWK
$15.1B
| $42.7M | 0.12% |
486,048
+384,817
| +380% | +$32.8M |
|
177
Graphic Packaging
GPK
$3.54B
| $42.5M | 0.12% |
3,634,367
+1,344,856
| +59% | +$14.4M |
|
178
Tenet Healthcare
THC
$22.6B
| $42.3M | 0.12% |
901,352
+839,643
| +1,361% | +$37.9M |
|
179
Voya Financial
VOYA
$8.86B
| $42.3M | 0.12% |
1,163,660
+635,452
| +120% | +$22.7M |
|
180
Microsoft
MSFT
$3.59T
| $41.9M | 0.12% |
1,005,911
+626,592
| +165% | +$25.4M |
|
|
RICE
181
DELISTED
Rice Energy Inc.
RICE
| $41.9M | 0.12% |
1,376,675
-1,369,592
| -50% | -$41.5M |
|
|
OCR
182
DELISTED
OMNICARE INC
OCR
| $41.7M | 0.12% |
627,030
+343,576
| +121% | +$21.3M |
|
|
ENDP
183
DELISTED
Endo International plc
ENDP
| $41.6M | 0.12% |
593,421
-594,828
| -50% | -$39.8M |
|
184
Liberty Global Class C
LBTYK
$3.55B
| $41.4M | 0.11% |
1,208,138
+654,018
| +118% | +$21.6M |
|
185
Lumen
LUMN
$6.13B
| $41.2M | 0.11% |
1,137,714
+1,085,714
| +2,088% | +$39M |
|
186
Intercontinental Exchange
ICE
$90.5B
| $41.2M | 0.11% |
1,089,840
+244,790
| +29% | +$9.54M |
|
|
KRFT
187
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $41.2M | 0.11% |
686,464
+494,886
| +258% | +$28.6M |
|
188
Bank of America
BAC
$431B
| $41M | 0.11% |
2,669,322
+2,061,321
| +339% | +$32M |
|
|
CHK
189
DELISTED
Chesapeake Energy Corporation
CHK
| $40.9M | 0.11% |
6,957
+2,543
| +58% | +$13.9M |
|
190
Simon Property Group
SPG
$70.6B
| $40.9M | 0.11% |
246,012
+89,288
| +57% | +$14.6M |
|
191
EOG Resources
EOG
$80.3B
| $40.9M | 0.11% |
349,965
-1,012,187
| -74% | -$106M |
|
|
BIG
192
DELISTED
Big Lots, Inc.
BIG
| $40.7M | 0.11% |
891,097
+372,910
| +72% | +$15.2M |
|
193
PUT
Cleveland-Cliffs
CLF
$6.43B
| $40.7M | 0.11% |
2,703,400
+608,100
| +29% | +$10.3M |
|
|
PHH
194
DELISTED
PHH Corporation
PHH
| $40.6M | 0.11% |
1,768,619
+986,868
| +126% | +$23.4M |
|
195
Tronox
TROX
$888M
| $40.6M | 0.11% |
1,508,736
+222,812
| +17% | +$5.7M |
|
196
Texas Instruments
TXN
$241B
| $40.3M | 0.11% |
844,134
+564,813
| +202% | +$26.4M |
|
197
The Mosaic Company
MOS
$7.76B
| $40.2M | 0.11% |
813,367
+271,079
| +50% | +$13.4M |
|
|
LVLT
198
DELISTED
Level 3 Communications Inc
LVLT
| $40.2M | 0.11% |
915,217
+443,786
| +94% | +$18.6M |
|
|
CA
199
DELISTED
CA, Inc.
CA
| $40.2M | 0.11% |
1,397,805
+1,031,410
| +282% | +$30.5M |
|
|
PDCE
200
DELISTED
PDC Energy, Inc.
PDCE
| $40M | 0.11% |
633,502
+183,092
| +41% | +$11.5M |
|
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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.