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 | |
|---|---|---|---|---|---|---|
|
FBRC
2601
DELISTED
FBR & Co. Common Stock
FBRC
| $592K | ﹤0.01% |
22,457
-5,062
| -18% | -$136K |
|
2602
KT
KT
$9.16B
| $590K | ﹤0.01% |
+39,700
| New | +$622K |
|
2603
ASML
ASML
$670B
| $589K | ﹤0.01% |
6,285
-102,060
| -94% | -$9.46M |
|
|
CAB
2604
CALL
DELISTED
Cabela's Inc
CAB
| $587K | ﹤0.01% |
8,800
| – | – |
|
2605
PUT
Palo Alto Networks
PANW
$277B
| $586K | ﹤0.01% |
+61,200
| New | +$485K |
|
2606
CALL
Toronto Dominion Bank
TD
$197B
| $584K | ﹤0.01% |
+12,400
| New | +$564K |
|
2607
Aptiv
APTV
$9.68B
| $583K | ﹤0.01% |
9,700
-153,653
| -94% | -$8.89M |
|
|
EXPR
2608
CALL
DELISTED
Express, Inc.
EXPR
| $583K | ﹤0.01% |
1,560
-95
| -6% | -$41.8K |
|
2609
CALL
Ciena
CIEN
$54.9B
| $581K | ﹤0.01% |
24,300
-103,200
| -81% | -$2.46M |
|
2610
Fuel Tech
FTEK
$43.1M
| $579K | ﹤0.01% |
+81,648
| New | +$498K |
|
2611
CALL
NCR Voyix
VYX
$1.12B
| $579K | ﹤0.01% |
+27,710
| New | +$616K |
|
|
SAVE
2612
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
| $577K | ﹤0.01% |
+12,700
| New | +$540K |
|
2613
Golub Capital BDC
GBDC
$3.4B
| $574K | ﹤0.01% |
30,663
-20,689
| -40% | -$360K |
|
2614
PUT
Nexstar Media Group
NXST
$5.83B
| $574K | ﹤0.01% |
+10,300
| New | +$492K |
|
|
LOGM
2615
DELISTED
LogMein, Inc.
LOGM
| $574K | ﹤0.01% |
17,118
-18,007
| -51% | -$576K |
|
|
HAWK
2616
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $574K | ﹤0.01% |
22,717
-283,954
| -93% | -$6.56M |
|
|
GNC
2617
CALL
DELISTED
GNC Holdings, Inc.
GNC
| $573K | ﹤0.01% |
9,800
-400
| -4% | -$23.1K |
|
2618
HealthStream
HSTM
$844M
| $567K | ﹤0.01% |
17,368
+3,377
| +24% | +$115K |
|
|
TRST
2619
Trustco Bank Corp NY
TRST
$969M
| $567K | ﹤0.01% |
15,794
+9,407
| +147% | +$322K |
|
2620
CALL
Cintas
CTAS
$81.9B
| $566K | ﹤0.01% |
38,000
+7,200
| +23% | +$97.7K |
|
2621
Nuwellis
NUWE
$3.05M
| – | – |
0
| – | – |
|
2622
PUT
SM Energy
SM
$8.49B
| $565K | ﹤0.01% |
6,800
-174,600
| -96% | -$14.9M |
|
2623
PUT
Yelp
YELP
$1.29B
| $565K | ﹤0.01% |
+8,200
| New | +$543K |
|
2624
Cohen & Steers
CNS
$4.27B
| $564K | ﹤0.01% |
+14,069
| New | +$541K |
|
|
2625
Nexstar Media Group
NXST
$5.83B
| $563K | ﹤0.01% |
10,100
-112,384
| -92% | -$5.37M |
|
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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.