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 | |
|---|---|---|---|---|---|---|
2401
CALL
J.M. Smucker
SJM
$13.4B
| $671K | ﹤0.01% |
+6,300
| New | +$632K |
|
|
FBR
2402
DELISTED
Fibria Celulose Sa
FBR
| $671K | ﹤0.01% |
69,031
-106,438
| -61% | -$1.08M |
|
2403
Northern Oil and Gas
NOG
$2.82B
| $670K | ﹤0.01% |
+4,111
| New | +$626K |
|
|
AMPE
2404
DELISTED
Ampio Pharmaceuticals Inc.
AMPE
| $670K | ﹤0.01% |
268
+65
| +32% | +$133K |
|
|
ISIL
2405
DELISTED
Intersil Corp
ISIL
| $670K | ﹤0.01% |
44,783
-244,258
| -85% | -$3.33M |
|
|
BFYT
2406
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $669K | ﹤0.01% |
+54,266
| New | +$559K |
|
|
URS
2407
DELISTED
URS CORP
URS
| $667K | ﹤0.01% |
14,558
-32,517
| -69% | -$1.5M |
|
2408
Guidewire Software
GWRE
$15.7B
| $666K | ﹤0.01% |
+16,387
| New | +$650K |
|
2409
Inovio Pharmaceuticals
INO
$133M
| $665K | ﹤0.01% |
5,127
+4,471
| +682% | +$528K |
|
|
ONE
2410
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $665K | ﹤0.01% |
174,638
-51,068
| -23% | -$250K |
|
2411
CALL
Emerson Electric
EMR
$86.4B
| $664K | ﹤0.01% |
+10,000
| New | +$672K |
|
2412
PUT
Signet Jewelers
SIG
$3.29B
| $664K | ﹤0.01% |
+6,000
| New | +$625K |
|
2413
iShares Russell 3000 ETF
IWV
$20.2B
| $662K | ﹤0.01% |
5,624
-4,794
| -46% | -$545K |
|
2414
CALL
Weyerhaeuser
WY
$17.6B
| $662K | ﹤0.01% |
20,000
| – | – |
|
2415
PUT
Eli Lilly
LLY
$1.1T
| $659K | ﹤0.01% |
+10,600
| New | +$632K |
|
2416
Assembly Biosciences
ASMB
$719M
| $658K | ﹤0.01% |
8,367
+8,008
| +2,231% | +$568K |
|
2417
Marten Transport
MRTN
$1.18B
| $657K | ﹤0.01% |
+73,540
| New | +$671K |
|
2418
CALL
AutoNation
AN
$6.51B
| $656K | ﹤0.01% |
11,000
-6,500
| -37% | -$360K |
|
|
SHYF
2419
DELISTED
The Shyft Group
SHYF
| $655K | ﹤0.01% |
+144,290
| New | +$737K |
|
|
TYPE
2420
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $655K | ﹤0.01% |
+23,238
| New | +$631K |
|
|
GTS
2421
DELISTED
Triple-S Management Corporation
GTS
| $652K | ﹤0.01% |
+38,206
| New | +$616K |
|
|
RNET
2422
DELISTED
RigNet, Inc.
RNET
| $652K | ﹤0.01% |
12,123
+4,588
| +61% | +$230K |
|
2423
CALL
FedEx
FDX
$79B
| $651K | ﹤0.01% |
4,300
+400
| +10% | +$55.9K |
|
2424
Cooper Companies
COO
$14.2B
| $650K | ﹤0.01% |
19,180
-1,243,500
| -98% | -$41.1M |
|
|
TDAY
2425
USA Today Co
TDAY
$953M
| $649K | ﹤0.01% |
45,968
-12,053
| -21% | -$172K |
|
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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.