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 |
NextEra Energy
NEE
|
+$122M |
| 2 |
Gilead Sciences
GILD
|
+$122M |
| 3 |
DTE Energy
DTE
|
+$121M |
| 4 |
Ameren
AEE
|
+$118M |
| 5 |
AGN
Allergan plc
AGN
|
+$107M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dominion Energy
D
|
+$125M |
| 2 |
HES
Hess
HES
|
+$101M |
| 3 |
BHI
Baker Hughes
BHI
|
+$84M |
| 4 |
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
|
+$79.9M |
| 5 |
Cheniere Energy
LNG
|
+$72.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.31% |
| 2 | Energy | 11.61% |
| 3 | Utilities | 8.18% |
| 4 | Financials | 7.58% |
| 5 | Consumer Discretionary | 7.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Newmont
NEM
$139B
| $28.4M | 0.09% |
1,231,436
+440,302
| +56% | +$11.3M |
|
227
Bruker
BRKR
$9.07B
| $28.3M | 0.09% |
1,432,187
+358,873
| +33% | +$7.04M |
|
|
RHT
228
DELISTED
Red Hat Inc
RHT
| $28.1M | 0.09% |
501,680
+371,737
| +286% | +$17.2M |
|
229
Robert Half
RHI
$4.58B
| $28.1M | 0.09% |
668,917
+513,062
| +329% | +$20.2M |
|
230
Republic Services
RSG
$67.6B
| $28.1M | 0.09% |
845,000
+743,529
| +733% | +$25.2M |
|
|
DFS
231
DELISTED
Discover Financial Services
DFS
| $28M | 0.09% |
500,544
-169,599
| -25% | -$8.89M |
|
232
Range Resources
RRC
$9.59B
| $28M | 0.09% |
331,531
+92,553
| +39% | +$7.2M |
|
|
B
233
PUT
Barrick Mining
B
$78.3B
| $27.9M | 0.09% |
1,584,300
-46,500
| -3% | -$820K |
|
234
CALL
United Airlines
UAL
$36.7B
| $27.9M | 0.09% |
737,300
-43,100
| -6% | -$1.51M |
|
235
Insmed
INSM
$27.5B
| $27.8M | 0.09% |
1,632,868
+346,997
| +27% | +$5.31M |
|
236
CALL
Microsoft
MSFT
$3.59T
| $27.7M | 0.09% |
739,200
+28,300
| +4% | +$1.03M |
|
237
Bread Financial
BFH
$4.07B
| $27.5M | 0.09% |
131,250
-83,409
| -39% | -$15.9M |
|
238
Northern Trust
NTRS
$33.6B
| $27.4M | 0.09% |
443,129
+312,006
| +238% | +$17.9M |
|
239
Dollar Tree
DLTR
$25.3B
| $27.4M | 0.09% |
485,877
+338,649
| +230% | +$19.5M |
|
|
240
CALL
Range Resources
RRC
$9.59B
| $27.3M | 0.09% |
323,700
-32,400
| -9% | -$2.52M |
|
241
Eagle Materials
EXP
$6.35B
| $27.2M | 0.09% |
351,924
+240,970
| +217% | +$18.1M |
|
|
ICPT
242
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $27.2M | 0.09% |
398,527
+98,041
| +33% | +$5.67M |
|
243
Oil States International
OIS
$522M
| $27.1M | 0.09% |
467,070
-342,139
| -42% | -$20.5M |
|
|
DATA
244
DELISTED
Tableau Software, Inc.
DATA
| $27.1M | 0.09% |
392,743
+211,394
| +117% | +$13.8M |
|
245
Paychex
PAYX
$44.3B
| $27.1M | 0.09% |
+594,351
| New | +$25.4M |
|
246
PUT
Tapestry
TPR
$26B
| $27M | 0.09% |
481,700
+176,800
| +58% | +$9.55M |
|
|
CPWR
247
DELISTED
COMPUWARE CORP
CPWR
| $26.9M | 0.08% |
2,494,462
+1,539,516
| +161% | +$16.1M |
|
|
WFT
248
DELISTED
Weatherford International plc
WFT
| $26.8M | 0.08% |
1,729,866
-4,339,637
| -71% | -$68.9M |
|
249
American Airlines Group
AAL
$9.15B
| $26.7M | 0.08% |
+1,057,839
| New | +$27.2M |
|
|
BAS
250
DELISTED
Basis Energy Services, Inc.
BAS
| $26.7M | 0.08% |
2,966
-281
| -9% | -$2.33M |
|
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Israel Englander's Q4 2013 Portfolio in Review
As of Q4 2013, Israel Englander held 4,194 positions worth $31.7B, up 2% from $31.1B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Israel Englander withdrew a net $1.71B in Q4 2013, closing 788 positions and reducing 1,165 holdings. Its most notable exit was ELAN CORP ADS(RP1 ORD4IRISH PN, an estimated $79.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 8.5% a quarter earlier, followed by Energy and Utilities.
Against the trend, Israel Englander opened a new position in Crown Holdings worth $64.3M.
- Israel Englander's largest Q4 2013 buy was Crown Holdings: 1,441,595 shares worth $64.3M.
- Israel Englander added most to NextEra Energy in Q4 2013, an estimated $122M increase.
- Israel Englander's biggest Q4 2013 reduction was Dominion Energy, cutting an estimated $125M.
- Israel Englander fully exited ELAN CORP ADS(RP1 ORD4IRISH PN in Q4 2013, selling an estimated $79.9M.
- Israel Englander's ten largest holdings make up 14% of its $31.7B portfolio in Q4 2013.
- Israel Englander opened 937 new positions and closed 788 in Q4 2013.
- Israel Englander's portfolio value rose 2% quarter-over-quarter to $31.7B.
Based on Millennium Management's 13F filing for Q4 2013, filed 14 Feb 2014.