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 | |
|---|---|---|---|---|---|---|
2451
Pearson
PSO
$9.98B
| $626K | ﹤0.01% |
+31,606
| New | +$591K |
|
2452
Quantum Corp
QMCO
$882M
| $625K | ﹤0.01% |
3,201
-1,097
| -26% | -$200K |
|
2453
PUT
Cheniere Energy
LNG
$57.6B
| $624K | ﹤0.01% |
8,700
-17,100
| -66% | -$1.04M |
|
2454
Mercury Systems
MRCY
$5.28B
| $624K | ﹤0.01% |
55,055
+42,885
| +352% | +$535K |
|
2455
Universal Display
OLED
$4.11B
| $622K | ﹤0.01% |
19,363
-26,514
| -58% | -$740K |
|
2456
PUT
GameStop
GME
$8.12B
| $619K | ﹤0.01% |
61,200
-23,600
| -28% | -$231K |
|
2457
Wolfspeed
WOLF
$1.31B
| $619K | ﹤0.01% |
12,392
-117,952
| -90% | -$5.86M |
|
2458
National CineMedia
NCMI
$256M
| $618K | ﹤0.01% |
3,531
+1,731
| +96% | +$275K |
|
|
RT
2459
DELISTED
Ruby Tuesday Georgia
RT
| $615K | ﹤0.01% |
+81,082
| New | +$599K |
|
2460
Kamada
KMDA
$498M
| $614K | ﹤0.01% |
+86,124
| New | +$958K |
|
|
GNCMA
2461
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $614K | ﹤0.01% |
+55,427
| New | +$606K |
|
|
WGL
2462
DELISTED
Wgl Holdings
WGL
| $611K | ﹤0.01% |
14,183
-15,447
| -52% | -$621K |
|
|
CIE
2463
PUT
DELISTED
Cobalt International Energy, Inc
CIE
| $611K | ﹤0.01% |
+2,220
| New | +$605K |
|
|
NATI
2464
DELISTED
National Instruments Corp
NATI
| $610K | ﹤0.01% |
18,820
-74,057
| -80% | -$2.13M |
|
|
ONIT
2465
Onity Group
ONIT
$294M
| $609K | ﹤0.01% |
1,095
-578
| -35% | -$314K |
|
|
KERX
2466
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $609K | ﹤0.01% |
39,565
+20,509
| +108% | +$291K |
|
|
LUX
2467
DELISTED
Luxottica Group
LUX
| $606K | ﹤0.01% |
10,456
-6,440
| -38% | -$365K |
|
2468
PUT
Tronox
TROX
$880M
| $605K | ﹤0.01% |
+22,500
| New | +$576K |
|
|
SKUL
2469
DELISTED
SKULLCANDY INC
SKUL
| $605K | ﹤0.01% |
83,481
-170,755
| -67% | -$1.34M |
|
|
AXLL
2470
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $605K | ﹤0.01% |
12,800
-96,633
| -88% | -$4.47M |
|
2471
Cadence Design Systems
CDNS
$91.4B
| $604K | ﹤0.01% |
34,556
-91,448
| -73% | -$1.46M |
|
|
IOC
2472
DELISTED
Interoil Corporation
IOC
| $603K | ﹤0.01% |
9,436
+4,752
| +101% | +$303K |
|
|
TLGT
2473
DELISTED
Teligent, Inc
TLGT
| $602K | ﹤0.01% |
+11,345
| New | +$580K |
|
2474
CALL
Crocs
CROX
$5.89B
| $601K | ﹤0.01% |
40,000
| – | – |
|
2475
Entravision Communication
EVC
$752M
| $600K | ﹤0.01% |
96,500
-11,427
| -11% | -$63.5K |
|
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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.