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 | |
|---|---|---|---|---|---|---|
201
Alliant Energy
LNT
$17.6B
| $40M | 0.11% |
1,313,886
-44,708
| -3% | -$1.29M |
|
202
Skyworks Solutions
SWKS
$10.1B
| $39.9M | 0.11% |
850,676
+640,149
| +304% | +$27M |
|
203
Lear
LEA
$8.56B
| $39.9M | 0.11% |
446,179
+414,081
| +1,290% | +$35.6M |
|
204
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $39.6M | 0.11% |
468,824
+37,279
| +9% | +$3.15M |
|
|
TWTC
205
DELISTED
TW TELECOM INC CL A COM
TWTC
| $39.2M | 0.11% |
971,445
+709,491
| +271% | +$23.4M |
|
206
SBA Communications
SBAC
$19.4B
| $39M | 0.11% |
381,026
-107,813
| -22% | -$10.3M |
|
|
PCP
207
DELISTED
PRECISION CASTPARTS CORP
PCP
| $39M | 0.11% |
154,390
-24,243
| -14% | -$6.2M |
|
|
FDO
208
DELISTED
FAMILY DOLLAR STORES
FDO
| $38.9M | 0.11% |
588,226
-286,514
| -33% | -$17.3M |
|
209
Itaú Unibanco
ITUB
$82.4B
| $38.7M | 0.11% |
6,719,544
+2,068,508
| +44% | +$12.2M |
|
210
NetApp
NTAP
$37.7B
| $38.7M | 0.11% |
1,058,904
-727,492
| -41% | -$26.1M |
|
|
WDR
211
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $38.5M | 0.11% |
615,736
+457,859
| +290% | +$29.6M |
|
|
WCG
212
DELISTED
Wellcare Health Plans, Inc.
WCG
| $38.5M | 0.11% |
515,574
+299,822
| +139% | +$21.4M |
|
213
Phillips 66
PSX
$96.9B
| $38.3M | 0.11% |
476,581
-197,143
| -29% | -$16.2M |
|
214
Visteon
VC
$2.83B
| $38.3M | 0.11% |
394,311
+98,159
| +33% | +$8.91M |
|
|
SPPI
215
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $38.2M | 0.11% |
4,694,155
-9,035
| -0.2% | -$68.6K |
|
216
PG&E
PCG
$38.8B
| $38.2M | 0.11% |
794,505
+431,973
| +119% | +$19.6M |
|
|
RAX
217
DELISTED
Rackspace Hosting Inc
RAX
| $38M | 0.11% |
1,127,654
+740,704
| +191% | +$24.6M |
|
218
Darden Restaurants
DRI
$25.2B
| $37.8M | 0.1% |
914,241
-99,004
| -10% | -$4.38M |
|
|
PVTB
219
DELISTED
PrivateBancorp Inc
PVTB
| $37.5M | 0.1% |
1,290,047
+416,507
| +48% | +$11.8M |
|
220
Philip Morris
PM
$293B
| $37.4M | 0.1% |
443,695
-63,804
| -13% | -$5.49M |
|
221
Microchip Technology
MCHP
$41.3B
| $37.4M | 0.1% |
1,532,110
+813,834
| +113% | +$19.4M |
|
|
K
222
DELISTED
Kellanova
K
| $37.4M | 0.1% |
605,821
+568,022
| +1,503% | +$35.6M |
|
|
WBS
223
DELISTED
Webster Financial
WBS
| $37.3M | 0.1% |
1,183,194
+231,751
| +24% | +$7.07M |
|
224
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $37.3M | 0.1% |
393,900
+316,700
| +410% | +$22.2M |
|
225
Boston Scientific
BSX
$73B
| $37.1M | 0.1% |
2,908,911
+2,194,049
| +307% | +$28.5M |
|
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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.