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 | |
|---|---|---|---|---|---|---|
2701
REX American Resources
REX
$1.37B
| $498K | ﹤0.01% |
+66,840
| New | +$382K |
|
2702
Vishay Precision Group
VPG
$859M
| $498K | ﹤0.01% |
+33,426
| New | +$512K |
|
2703
CALL
Ventas
VTR
$48.1B
| $498K | ﹤0.01% |
7,619
-9,282
| -55% | -$645K |
|
2704
CALL
Equinix
EQIX
$106B
| $497K | ﹤0.01% |
+2,800
| New | +$465K |
|
2705
Mativ Holdings
MATV
$682M
| $496K | ﹤0.01% |
9,642
+1,275
| +15% | +$70.5K |
|
|
SSNI
2706
DELISTED
Silver Spring Networks, Inc.
SSNI
| $496K | ﹤0.01% |
23,600
-63,351
| -73% | -$1.21M |
|
2707
CALL
Nike
NKE
$58.6B
| $495K | ﹤0.01% |
12,600
-46,800
| -79% | -$1.79M |
|
2708
PUT
Regeneron Pharmaceuticals
REGN
$85.8B
| $495K | ﹤0.01% |
1,800
-2,500
| -58% | -$719K |
|
|
PPLI
2709
CALL
People Inc
PPLI
$2.94B
| $494K | ﹤0.01% |
+40,287
| New | +$415K |
|
|
RT
2710
DELISTED
Ruby Tuesday Georgia
RT
| $494K | ﹤0.01% |
+71,300
| New | +$472K |
|
2711
ESCO Technologies
ESE
$7.17B
| $492K | ﹤0.01% |
14,374
+5,417
| +60% | +$187K |
|
2712
Karyopharm Therapeutics
KPTI
$43.5M
| $492K | ﹤0.01% |
+1,430
| New | +$395K |
|
2713
HNI Corp
HNI
$3.6B
| $489K | ﹤0.01% |
12,600
+6,500
| +107% | +$247K |
|
2714
PUT
O'Reilly Automotive
ORLY
$73.1B
| $489K | ﹤0.01% |
+57,000
| New | +$481K |
|
|
SKUL
2715
DELISTED
SKULLCANDY INC
SKUL
| $489K | ﹤0.01% |
+67,800
| New | +$413K |
|
|
RAVN
2716
DELISTED
Raven Industries Inc
RAVN
| $488K | ﹤0.01% |
11,869
-14,313
| -55% | -$516K |
|
|
ESC
2717
PUT
DELISTED
EMERITUS CORP
ESC
| $487K | ﹤0.01% |
+22,500
| New | +$461K |
|
|
MN
2718
DELISTED
MANNING & NAPIER, INC.
MN
| $486K | ﹤0.01% |
27,533
-7,542
| -22% | -$131K |
|
|
AWAY
2719
CALL
DELISTED
HOMEAWAY INC COM
AWAY
| $486K | ﹤0.01% |
+11,900
| New | +$406K |
|
|
VTNC
2720
DELISTED
VITRAN CORPORATION
VTNC
| $486K | ﹤0.01% |
+75,000
| New | +$424K |
|
2721
Biglari Holdings Class B
BH
$1.21B
| $485K | ﹤0.01% |
1,546
-2,160
| -58% | -$610K |
|
2722
Horace Mann Educators
HMN
$2.07B
| $482K | ﹤0.01% |
15,273
-60,220
| -80% | -$1.78M |
|
2723
PUT
Sonida Senior Living
SNDA
$1.97B
| $480K | ﹤0.01% |
+1,333
| New | +$444K |
|
|
BT
2724
DELISTED
BT Group plc (ADR)
BT
| $480K | ﹤0.01% |
15,200
+7,800
| +105% | +$233K |
|
2725
CALL
MGM Resorts International
MGM
$10.9B
| $477K | ﹤0.01% |
20,300
+300
| +2% | +$6.11K |
|
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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.