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 | |
|---|---|---|---|---|---|---|
2101
Banco Bilbao Vizcaya Argentaria
BBVA
$160B
| $1.17M | ﹤0.01% |
96,147
-38,564
| -29% | -$463K |
|
2102
Vanguard S&P 500 ETF
VOO
$1.02T
| $1.17M | ﹤0.01% |
6,506
+5,177
| +390% | +$902K |
|
|
NOAH
2103
Noah Holdings
NOAH
$598M
| $1.17M | ﹤0.01% |
82,484
-15,364
| -16% | -$210K |
|
|
SCS
2104
DELISTED
Steelcase
SCS
| $1.16M | ﹤0.01% |
76,901
-269,918
| -78% | -$4.45M |
|
2105
Rambus
RMBS
$9.76B
| $1.16M | ﹤0.01% |
81,034
-223,984
| -73% | -$2.77M |
|
2106
PUT
Williams Companies
WMB
$91B
| $1.16M | ﹤0.01% |
19,900
+1,100
| +6% | +$51K |
|
2107
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $1.16M | ﹤0.01% |
28,987
-9,134
| -24% | -$360K |
|
2108
CALL
Lamar Advertising Co
LAMR
$15.4B
| $1.16M | ﹤0.01% |
21,800
-79,800
| -79% | -$4.03M |
|
|
AEC
2109
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $1.16M | ﹤0.01% |
64,121
-97,296
| -60% | -$1.68M |
|
|
SMA
2110
DELISTED
SYMMETRY MEDICAL INC
SMA
| $1.16M | ﹤0.01% |
130,409
+43,219
| +50% | +$377K |
|
2111
MiMedx Group
MDXG
$644M
| $1.15M | ﹤0.01% |
162,779
+22,852
| +16% | +$134K |
|
2112
Community Trust Bancorp
CTBI
$1.38B
| $1.15M | ﹤0.01% |
33,618
+24,551
| +271% | +$850K |
|
2113
Apogee Enterprises
APOG
$853M
| $1.15M | ﹤0.01% |
32,888
+12,359
| +60% | +$385K |
|
|
PKY
2114
DELISTED
Parkway, Inc.
PKY
| $1.15M | ﹤0.01% |
55,444
+37,052
| +201% | +$719K |
|
|
CRAY
2115
DELISTED
Cray, Inc.
CRAY
| $1.14M | ﹤0.01% |
43,022
-56,439
| -57% | -$1.63M |
|
2116
H.B. Fuller
FUL
$3.12B
| $1.14M | ﹤0.01% |
23,755
-53,342
| -69% | -$2.55M |
|
|
MRO
2117
PUT
DELISTED
Marathon Oil Corporation
MRO
| $1.14M | ﹤0.01% |
28,600
-73,400
| -72% | -$2.71M |
|
|
VMW
2118
CALL
DELISTED
VMware, Inc
VMW
| $1.14M | ﹤0.01% |
11,800
-100,400
| -89% | -$9.76M |
|
|
CBL
2119
DELISTED
CBL& Associates Properties, Inc.
CBL
| $1.14M | ﹤0.01% |
60,072
-922,580
| -94% | -$17M |
|
|
IDTI
2120
DELISTED
Integrated Device Technology I
IDTI
| $1.14M | ﹤0.01% |
73,706
-391,467
| -84% | -$5.03M |
|
2121
Manulife Financial
MFC
$71.7B
| $1.14M | ﹤0.01% |
57,140
-113,793
| -67% | -$2.15M |
|
|
AUO
2122
DELISTED
AU Optronics Corp
AUO
| $1.14M | ﹤0.01% |
270,787
+45,904
| +20% | +$175K |
|
2123
Koppers
KOP
$876M
| $1.13M | ﹤0.01% |
29,542
-4,647
| -14% | -$182K |
|
|
FIO
2124
DELISTED
FUSION-IO INC COM
FIO
| $1.13M | ﹤0.01% |
+100,000
| New | +$928K |
|
2125
CALL
TJX Companies
TJX
$151B
| $1.13M | ﹤0.01% |
+42,400
| New | +$1.21M |
|
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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.