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 | |
|---|---|---|---|---|---|---|
251
Cigna
CI
$73.3B
| $26.6M | 0.08% |
303,499
+88,444
| +41% | +$7.24M |
|
|
MRSH
252
Marsh
MRSH
$91.6B
| $26.3M | 0.08% |
543,321
-107,015
| -16% | -$4.96M |
|
253
Air Products & Chemicals
APD
$67.9B
| $26.2M | 0.08% |
253,556
+196,370
| +343% | +$19.8M |
|
254
Eli Lilly
LLY
$1.12T
| $26.2M | 0.08% |
513,000
-79,514
| -13% | -$3.98M |
|
|
HUB.B
255
DELISTED
HUBBELL INC CL-B
HUB.B
| $26.1M | 0.08% |
239,349
+131,185
| +121% | +$14M |
|
256
Artisan Partners
APAM
$3B
| $25.9M | 0.08% |
+396,579
| New | +$23.6M |
|
|
MXIM
257
DELISTED
Maxim Integrated Products
MXIM
| $25.6M | 0.08% |
917,717
+915,617
| +43,601% | +$26.5M |
|
|
WMGI
258
DELISTED
Wright Medical Group Inc
WMGI
| $25.6M | 0.08% |
833,638
+625,731
| +301% | +$17.7M |
|
|
ESV
259
DELISTED
Ensco Rowan plc
ESV
| $25.6M | 0.08% |
111,912
+31,092
| +38% | +$7.18M |
|
260
Fossil Group
FOSL
$332M
| $25.6M | 0.08% |
213,377
+106,445
| +100% | +$13.1M |
|
261
CSX Corp
CSX
$95.6B
| $25.5M | 0.08% |
2,660,205
+1,800,336
| +209% | +$16.1M |
|
262
CALL
Halliburton
HAL
$29.4B
| $25.5M | 0.08% |
501,900
+224,200
| +81% | +$11.6M |
|
263
Autodesk
ADSK
$53.6B
| $25.3M | 0.08% |
503,246
+396,003
| +369% | +$17.4M |
|
|
CXO
264
DELISTED
CONCHO RESOURCES INC.
CXO
| $25.3M | 0.08% |
234,187
-122,071
| -34% | -$13.2M |
|
265
Amgen
AMGN
$238B
| $25.3M | 0.08% |
221,401
-314,760
| -59% | -$35.8M |
|
|
TWC
266
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $25M | 0.08% |
184,800
+103,700
| +128% | +$12.9M |
|
267
Welltower
WELL
$172B
| $25M | 0.08% |
+467,132
| New | +$27.8M |
|
|
UFS
268
DELISTED
DOMTAR CORPORATION (New)
UFS
| $24.9M | 0.08% |
528,466
+394,996
| +296% | +$17.2M |
|
269
DaVita
DVA
$11.1B
| $24.9M | 0.08% |
393,339
+379,397
| +2,721% | +$22.3M |
|
|
VMW
270
CALL
DELISTED
VMware, Inc
VMW
| $24.9M | 0.08% |
277,800
+53,100
| +24% | +$4.39M |
|
271
Ecolab
ECL
$78.9B
| $24.8M | 0.08% |
238,173
+228,180
| +2,283% | +$23.7M |
|
272
Aflac
AFL
$58.2B
| $24.7M | 0.08% |
+738,638
| New | +$24.2M |
|
|
QEP
273
DELISTED
QEP RESOURCES, INC.
QEP
| $24.6M | 0.08% |
803,029
+221,121
| +38% | +$6.93M |
|
|
LPT
274
DELISTED
Liberty Property Trust
LPT
| $24.6M | 0.08% |
726,395
+633,433
| +681% | +$22.2M |
|
275
PUT
Vale
VALE
$62.1B
| $24.5M | 0.08% |
+1,607,900
| New | +$25M |
|
Similar funds
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.