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 | |
|---|---|---|---|---|---|---|
|
MXWL
2551
DELISTED
Maxwell Technologies Inc
MXWL
| $633K | ﹤0.01% |
81,509
+40,790
| +100% | +$318K |
|
|
SYNT
2552
DELISTED
Syntel Inc
SYNT
| $633K | ﹤0.01% |
13,916
+7,116
| +105% | +$308K |
|
2553
Navios Maritime Partners
NMM
$2.58B
| $630K | ﹤0.01% |
2,195
-959
| -30% | -$235K |
|
2554
PUT
Thor Industries
THO
$4.14B
| $630K | ﹤0.01% |
+11,400
| New | +$629K |
|
|
HTS
2555
CALL
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $627K | ﹤0.01% |
+38,400
| New | +$671K |
|
2556
PUT
Cognizant
CTSH
$28.4B
| $626K | ﹤0.01% |
12,400
-8,800
| -42% | -$401K |
|
2557
Independent Bank Corp
IBCP
$815M
| $626K | ﹤0.01% |
52,145
+1,168
| +2% | +$12.5K |
|
2558
Pebblebrook Hotel Trust
PEB
$2.07B
| $626K | ﹤0.01% |
20,350
+8,079
| +66% | +$238K |
|
2559
NatWest
NWG
$74.9B
| $625K | ﹤0.01% |
51,257
+20,707
| +68% | +$248K |
|
|
RLYP
2560
DELISTED
RELYPSA INC COM
RLYP
| $625K | ﹤0.01% |
+25,000
| New | +$513K |
|
|
TW
2561
PUT
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $625K | ﹤0.01% |
+4,900
| New | +$570K |
|
|
AVEO
2562
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $623K | ﹤0.01% |
34,029
+3,464
| +11% | +$69.4K |
|
2563
Avista
AVA
$3.16B
| $621K | ﹤0.01% |
22,013
-10,504
| -32% | -$288K |
|
|
HTS
2564
PUT
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $621K | ﹤0.01% |
+38,000
| New | +$664K |
|
|
KBIO
2565
DELISTED
KALOBIOS PHARMACEUTICALS INC COM STK NEW (DE)
KBIO
| $621K | ﹤0.01% |
17,550
-375
| -2% | -$12.6K |
|
2566
CALL
Bank of Montreal
BMO
$121B
| $620K | ﹤0.01% |
9,300
+1,300
| +16% | +$88.5K |
|
|
LUX
2567
DELISTED
Luxottica Group
LUX
| $620K | ﹤0.01% |
11,500
+6,300
| +121% | +$327K |
|
|
IQNT
2568
DELISTED
Inteliquent, Inc.
IQNT
| $620K | ﹤0.01% |
54,319
+1,719
| +3% | +$19.3K |
|
2569
Deere & Co
DE
$170B
| $618K | ﹤0.01% |
6,770
-305,646
| -98% | -$25.9M |
|
2570
PUT
Alaska Air
ALK
$4.84B
| $616K | ﹤0.01% |
16,800
-53,600
| -76% | -$1.9M |
|
2571
Alamos Gold
AGI
$16.3B
| $615K | ﹤0.01% |
+50,720
| New | +$686K |
|
|
SPLS
2572
PUT
DELISTED
Staples Inc
SPLS
| $615K | ﹤0.01% |
38,700
+3,100
| +9% | +$48.3K |
|
2573
Cal-Maine
CALM
$3.93B
| $614K | ﹤0.01% |
20,404
+3,378
| +20% | +$89.7K |
|
|
OCR
2574
DELISTED
OMNICARE INC
OCR
| $611K | ﹤0.01% |
10,124
-263,523
| -96% | -$15.1M |
|
2575
PUT
Healthpeak Properties
DOC
$14.9B
| $610K | ﹤0.01% |
18,446
+12,078
| +190% | +$431K |
|
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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.