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 | |
|---|---|---|---|---|---|---|
2476
PUT
Bausch Health
BHC
$2.52B
| $728K | ﹤0.01% |
+6,200
| New | +$679K |
|
2477
Toro Company
TTC
$9.48B
| $728K | ﹤0.01% |
22,884
-70,184
| -75% | -$2.07M |
|
2478
Hawaiian Electric Industries
HE
$1.96B
| $726K | ﹤0.01% |
27,872
+17,799
| +177% | +$460K |
|
|
SIAL
2479
CALL
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $724K | ﹤0.01% |
7,700
-5,800
| -43% | -$504K |
|
|
LSI
2480
DELISTED
LSI CORPORATION
LSI
| $723K | ﹤0.01% |
65,548
-2,068,387
| -97% | -$17.6M |
|
2481
POSCO
PKX
$18B
| $718K | ﹤0.01% |
9,200
+1,174
| +15% | +$89.3K |
|
2482
Toronto Dominion Bank
TD
$197B
| $716K | ﹤0.01% |
+15,200
| New | +$692K |
|
2483
Capitol Federal Financial
CFFN
$1.05B
| $715K | ﹤0.01% |
59,082
-27,032
| -31% | -$334K |
|
|
JOYY
2484
CALL
JOYY Inc
JOYY
$3.78B
| $714K | ﹤0.01% |
+14,200
| New | +$707K |
|
2485
SITE Centers
SITC
$156M
| $713K | ﹤0.01% |
36,016
-1,178,562
| -97% | -$24.5M |
|
|
FCRD
2486
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $711K | ﹤0.01% |
43,087
+25,718
| +148% | +$419K |
|
|
KND
2487
DELISTED
Kindred Healthcare
KND
| $710K | ﹤0.01% |
35,984
-33,546
| -48% | -$541K |
|
|
MRH
2488
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $710K | ﹤0.01% |
24,386
-44,722
| -65% | -$1.25M |
|
2489
CALL
Motorola Solutions
MSI
$80.3B
| $709K | ﹤0.01% |
+10,500
| New | +$669K |
|
2490
RPC Inc
RES
$1.36B
| $707K | ﹤0.01% |
39,624
-186,706
| -82% | -$3.26M |
|
|
XOXO
2491
DELISTED
Xo Group Inc
XOXO
| $707K | ﹤0.01% |
+47,580
| New | +$673K |
|
2492
First Financial Bankshares
FFIN
$4.83B
| $704K | ﹤0.01% |
+42,616
| New | +$666K |
|
2493
PUT
TripAdvisor
TRIP
$1.18B
| $704K | ﹤0.01% |
+8,500
| New | +$695K |
|
|
AVP
2494
PUT
DELISTED
Avon Products, Inc.
AVP
| $704K | ﹤0.01% |
+40,900
| New | +$764K |
|
|
CASC
2495
DELISTED
Cascadian Therapeutics, Inc.
CASC
| $704K | ﹤0.01% |
66,667
| – | – |
|
|
GCVRZ
2496
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $703K | ﹤0.01% |
2,067,000
+1,267,100
| +158% | +$1.53M |
|
|
AMED
2497
DELISTED
Amedisys
AMED
| $702K | ﹤0.01% |
48,007
+17,479
| +57% | +$281K |
|
|
EDE
2498
DELISTED
Empire District Electric
EDE
| $701K | ﹤0.01% |
+30,898
| New | +$694K |
|
2499
PUT
Monster Beverage
MNST
$95.5B
| $698K | ﹤0.01% |
123,600
-213,600
| -63% | -$1.05M |
|
|
TRAK
2500
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $698K | ﹤0.01% |
14,523
+9,137
| +170% | +$380K |
|
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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.