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 | |
|---|---|---|---|---|---|---|
|
MCF
2051
DELISTED
Contango Oil & Gas Co.
MCF
| $1.25M | ﹤0.01% |
29,657
+17,889
| +152% | +$797K |
|
|
PCL
2052
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $1.25M | ﹤0.01% |
27,794
-238,183
| -90% | -$10.4M |
|
|
PGTI
2053
DELISTED
PGT, Inc.
PGTI
| $1.25M | ﹤0.01% |
147,940
-76,288
| -34% | -$711K |
|
|
AGN
2054
PUT
DELISTED
Allergan Inc
AGN
| $1.25M | ﹤0.01% |
7,400
-1,400
| -16% | -$218K |
|
2055
Strategic Education
STRA
$1.89B
| $1.25M | ﹤0.01% |
23,827
-38,314
| -62% | -$1.94M |
|
|
NNA
2056
DELISTED
Navios Maritime Acquisition Corporation
NNA
| $1.25M | ﹤0.01% |
22,478
-19,386
| -46% | -$1.05M |
|
|
CBF
2057
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $1.25M | ﹤0.01% |
+52,957
| New | +$1.28M |
|
2058
Cavco Industries
CVCO
$4.44B
| $1.25M | ﹤0.01% |
+14,632
| New | +$1.14M |
|
2059
Burlington
BURL
$19.8B
| $1.25M | ﹤0.01% |
39,153
-83,459
| -68% | -$2.41M |
|
|
SAVE
2060
DELISTED
Spirit Airlines, Inc.
SAVE
| $1.25M | ﹤0.01% |
19,700
-16,113
| -45% | -$951K |
|
2061
Direxion Daily Small Cap Bear 3x ETF
TZA
$243M
| $1.24M | ﹤0.01% |
+56
| New | +$1.47M |
|
|
SFY
2062
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
| $1.24M | ﹤0.01% |
+95,564
| New | +$1.09M |
|
|
ESPR
2063
DELISTED
Esperion Therapeutics
ESPR
| $1.24M | ﹤0.01% |
78,181
| – | – |
|
2064
Erie Indemnity
ERIE
$13.5B
| $1.23M | ﹤0.01% |
16,388
-2,030
| -11% | -$150K |
|
2065
PUT
Arrowhead Research
ARWR
$12.6B
| $1.23M | ﹤0.01% |
+86,000
| New | +$1.13M |
|
2066
Vanguard Real Estate ETF
VNQ
$39.1B
| $1.23M | ﹤0.01% |
16,451
-26,782
| -62% | -$1.97M |
|
2067
Ethan Allen Interiors
ETD
$601M
| $1.23M | ﹤0.01% |
49,628
+20,214
| +69% | +$494K |
|
2068
BCE
BCE
$21.9B
| $1.22M | ﹤0.01% |
26,963
-58,226
| -68% | -$2.62M |
|
2069
Unitil
UTL
$981M
| $1.22M | ﹤0.01% |
36,157
+22,418
| +163% | +$744K |
|
|
UAM
2070
DELISTED
Universal American Corp
UAM
| $1.22M | ﹤0.01% |
146,751
-140,479
| -49% | -$1.07M |
|
2071
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.3B
| $1.22M | ﹤0.01% |
30,000
| – | – |
|
2072
PUT
American Tower
AMT
$81.9B
| $1.22M | ﹤0.01% |
13,500
-72,900
| -84% | -$6.31M |
|
|
CHS
2073
CALL
DELISTED
Chicos FAS, Inc.
CHS
| $1.21M | ﹤0.01% |
+71,600
| New | +$1.15M |
|
|
EVOL
2074
DELISTED
Evolving Systems, Inc.
EVOL
| $1.21M | ﹤0.01% |
141,594
| – | – |
|
2075
Gorman-Rupp
GRC
$2.05B
| $1.21M | ﹤0.01% |
+34,241
| New | +$1.11M |
|
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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.