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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.09B | 3.01% |
5,555,600
+3,595,900
| +183% | +$684M |
|
|
PPL
2
PPL Corp
PPL
$25.9B
| $339M | 0.94% |
10,232,761
-3,770,498
| -27% | -$119M |
|
3
American Electric Power
AEP
$65.8B
| $300M | 0.83% |
5,372,250
-40,873
| -0.8% | -$2.16M |
|
4
Devon Energy
DVN
$54B
| $281M | 0.78% |
3,542,338
-458,082
| -11% | -$33.3M |
|
|
5
Exelon
EXC
$45.1B
| $275M | 0.76% |
10,556,564
+6,864,261
| +186% | +$175M |
|
|
BHI
6
DELISTED
Baker Hughes
BHI
| $273M | 0.76% |
3,669,117
+114,260
| +3% | +$7.95M |
|
|
APC
7
DELISTED
Anadarko Petroleum
APC
| $266M | 0.74% |
2,428,699
+1,489,134
| +158% | +$152M |
|
8
NextEra Energy
NEE
$174B
| $245M | 0.68% |
9,545,700
-1,421,244
| -13% | -$34.6M |
|
9
Teva Pharmaceuticals
TEVA
$43.5B
| $211M | 0.58% |
4,024,535
-1,168,658
| -23% | -$59.7M |
|
|
10
PepsiCo
PEP
$196B
| $199M | 0.55% |
+2,223,276
| New | +$192M |
|
11
CenterPoint Energy
CNP
$25.5B
| $196M | 0.54% |
7,661,077
+4,016,949
| +110% | +$97.4M |
|
12
Sempra
SRE
$54.2B
| $194M | 0.54% |
3,708,060
+325,214
| +10% | +$16.2M |
|
13
NRG Energy
NRG
$23.8B
| $190M | 0.53% |
5,109,005
+386,641
| +8% | +$13.3M |
|
|
14
Apple
AAPL
$4.51T
| $189M | 0.52% |
8,152,332
+7,018,640
| +619% | +$149M |
|
|
HOT
15
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $185M | 0.51% |
2,294,427
+379,919
| +20% | +$29.9M |
|
|
XEC
16
DELISTED
CIMAREX ENERGY CO
XEC
| $180M | 0.5% |
1,252,867
+200,511
| +19% | +$25.5M |
|
|
FRX
17
DELISTED
FOREST LABORATORIES INC
FRX
| $177M | 0.49% |
1,792,319
+467,964
| +35% | +$43.6M |
|
|
FITB
18
Fifth Third Bancorp
FITB
$49.7B
| $164M | 0.46% |
7,701,047
+5,101,807
| +196% | +$108M |
|
19
Edison International
EIX
$27.5B
| $164M | 0.45% |
2,813,685
-715,285
| -20% | -$40.1M |
|
20
Zimmer Biomet
ZBH
$19.3B
| $162M | 0.45% |
1,610,339
+981,705
| +156% | +$95.8M |
|
21
NiSource
NI
$19.5B
| $159M | 0.44% |
10,259,809
-4,074,959
| -28% | -$58.9M |
|
22
SLB Ltd
SLB
$79.9B
| $158M | 0.44% |
1,340,276
+665,648
| +99% | +$68.6M |
|
23
AbbVie
ABBV
$468B
| $158M | 0.44% |
2,791,444
+1,063,299
| +62% | +$55.8M |
|
|
SWN
24
DELISTED
Southwestern Energy Company
SWN
| $150M | 0.42% |
3,304,674
+1,556,031
| +89% | +$72.1M |
|
|
ALXN
25
DELISTED
Alexion Pharmaceuticals
ALXN
| $145M | 0.4% |
927,700
-49,838
| -5% | -$7.87M |
|
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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.