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 | |
|---|---|---|---|---|---|---|
|
VWTR
2501
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $695K | ﹤0.01% |
+30,074
| New | +$704K |
|
|
WAC
2502
DELISTED
Walter Investment Mgt Corp
WAC
| $695K | ﹤0.01% |
19,667
-206,774
| -91% | -$7.79M |
|
|
PNY
2503
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $691K | ﹤0.01% |
+20,825
| New | +$688K |
|
|
EMBJ
2504
Embraer S.A. ADS
EMBJ
$13.3B
| $688K | ﹤0.01% |
21,383
-146,223
| -87% | -$4.64M |
|
2505
Fabrinet
FN
$15.5B
| $688K | ﹤0.01% |
33,481
-88,659
| -73% | -$1.64M |
|
|
PDLI
2506
DELISTED
PDL BioPharma, Inc.
PDLI
| $688K | ﹤0.01% |
81,500
+52,959
| +186% | +$446K |
|
|
CALL
2507
DELISTED
magicJack VocalTec Ltd
CALL
| $686K | ﹤0.01% |
+57,621
| New | +$713K |
|
2508
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $685K | ﹤0.01% |
+39,272
| New | +$653K |
|
2509
Sonic Automotive
SAH
$2.43B
| $685K | ﹤0.01% |
27,993
-63,747
| -69% | -$1.49M |
|
2510
Acadia Healthcare
ACHC
$2.78B
| $684K | ﹤0.01% |
14,450
-46,609
| -76% | -$2.03M |
|
2511
Supernus Pharmaceuticals
SUPN
$2.64B
| $684K | ﹤0.01% |
90,708
-90,513
| -50% | -$633K |
|
|
JOYY
2512
PUT
JOYY Inc
JOYY
$3.78B
| $684K | ﹤0.01% |
+13,600
| New | +$677K |
|
|
NDZ
2513
DELISTED
NORDION INC COM STK (CDA)
NDZ
| $684K | ﹤0.01% |
80,580
+39,380
| +96% | +$331K |
|
2514
Agnico Eagle Mines
AEM
$113B
| $681K | ﹤0.01% |
25,800
-1,787
| -6% | -$48K |
|
|
PNNT
2515
Pennant Park Investment Corp
PNNT
$249M
| $678K | ﹤0.01% |
58,461
-5,970
| -9% | -$68.5K |
|
|
PTRY
2516
DELISTED
PANTRY INC (THE)
PTRY
| $677K | ﹤0.01% |
40,366
-7,733
| -16% | -$108K |
|
2517
Illinois Tool Works
ITW
$80.2B
| $674K | ﹤0.01% |
8,022
-89,314
| -92% | -$7.05M |
|
|
MM
2518
DELISTED
MILLENNIAL MEDIA INC COM STK (DE)
MM
| $674K | ﹤0.01% |
92,661
-511,218
| -85% | -$3.45M |
|
2519
CALL
Delta Air Lines
DAL
$55B
| $673K | ﹤0.01% |
24,500
+400
| +2% | +$10.7K |
|
2520
iShares Biotechnology ETF
IBB
$10.9B
| $673K | ﹤0.01% |
+8,889
| New | +$631K |
|
|
OCLR
2521
DELISTED
Oclaro Inc.
OCLR
| $672K | ﹤0.01% |
+269,950
| New | +$577K |
|
|
MCGC
2522
DELISTED
MCG CAP CORP
MCGC
| $672K | ﹤0.01% |
152,656
-22,729
| -13% | -$109K |
|
2523
PUT
Autodesk
ADSK
$53B
| $669K | ﹤0.01% |
13,300
-32,800
| -71% | -$1.44M |
|
2524
First Busey Corp
BUSE
$2.48B
| $666K | ﹤0.01% |
38,278
+23,476
| +159% | +$389K |
|
2525
iShares TIPS Bond ETF
TIP
$15.1B
| $666K | ﹤0.01% |
+6,059
| New | +$676K |
|
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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.