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 | |
|---|---|---|---|---|---|---|
|
GLF
2751
DELISTED
GulfMark Offshore, Inc. Common Stock
GLF
| $461K | ﹤0.01% |
9,785
-130,113
| -93% | -$6.44M |
|
2752
TFS Financial
TFSL
$4.99B
| $460K | ﹤0.01% |
38,000
+489
| +1% | +$5.85K |
|
|
RBS.PRH.CL
2753
DELISTED
Royal Bank Of Scotland Group
RBS.PRH.CL
| $460K | ﹤0.01% |
+19,036
| New | +$466K |
|
2754
Clear Channel Outdoor Holdings
CCO
$1.21B
| $459K | ﹤0.01% |
45,277
+21,179
| +88% | +$196K |
|
|
LNCE
2755
DELISTED
Snyders-Lance, Inc.
LNCE
| $459K | ﹤0.01% |
+16,000
| New | +$457K |
|
|
MCF
2756
DELISTED
Contango Oil & Gas Co.
MCF
| $459K | ﹤0.01% |
+9,706
| New | +$427K |
|
2757
China Yuchai International
CYD
$1.48B
| $458K | ﹤0.01% |
+21,936
| New | +$507K |
|
|
SRDX
2758
DELISTED
Surmodics
SRDX
| $456K | ﹤0.01% |
+18,700
| New | +$441K |
|
|
WSR
2759
DELISTED
Whitestone REIT
WSR
| $456K | ﹤0.01% |
+34,098
| New | +$460K |
|
2760
PUT
Phillips 66
PSX
$94.5B
| $455K | ﹤0.01% |
5,900
-500
| -8% | -$33.4K |
|
|
WBA
2761
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $454K | ﹤0.01% |
+7,900
| New | +$460K |
|
2762
Adeia
ADEA
$2.99B
| $453K | ﹤0.01% |
86,834
-175,445
| -67% | -$893K |
|
2763
Exponent
EXPO
$3.33B
| $452K | ﹤0.01% |
23,396
-6,212
| -21% | -$117K |
|
2764
Clarus
CLAR
$145M
| $451K | ﹤0.01% |
34,013
-2,188
| -6% | -$29K |
|
2765
PUT
Alnylam Pharmaceuticals
ALNY
$32.1B
| $450K | ﹤0.01% |
+7,000
| New | +$418K |
|
2766
PUT
National Fuel Gas
NFG
$7.81B
| $450K | ﹤0.01% |
+6,300
| New | +$438K |
|
2767
PUT
Transocean
RIG
$6.42B
| $450K | ﹤0.01% |
+9,100
| New | +$445K |
|
|
SUSQ
2768
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $449K | ﹤0.01% |
35,000
-460,269
| -93% | -$5.71M |
|
2769
Encore Capital Group
ECPG
$2.17B
| $448K | ﹤0.01% |
8,904
-20,352
| -70% | -$968K |
|
2770
Sinclair Inc
SBGI
$1.06B
| $447K | ﹤0.01% |
+12,500
| New | +$420K |
|
|
RDS.A
2771
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $447K | ﹤0.01% |
6,712
-269,570
| -98% | -$16.9M |
|
2772
Avis
CAR
$5.13B
| $445K | ﹤0.01% |
+11,000
| New | +$368K |
|
|
MBII
2773
DELISTED
Marrone Bio Innovations, Inc.
MBII
| $445K | ﹤0.01% |
25,000
-10,400
| -29% | -$169K |
|
2774
Pearson
PSO
$9.98B
| $444K | ﹤0.01% |
19,800
-37,511
| -65% | -$796K |
|
2775
ATI
ATI
$29.3B
| $443K | ﹤0.01% |
12,434
-40,949
| -77% | -$1.35M |
|
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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.