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 | |
|---|---|---|---|---|---|---|
|
AAIC
2851
DELISTED
Arlington Asset Investment Corp.
AAIC
| $401K | ﹤0.01% |
15,196
-14,953
| -50% | -$379K |
|
2852
CALL
Advanced Micro Devices
AMD
$775B
| $399K | ﹤0.01% |
103,000
-54,800
| -35% | -$197K |
|
2853
Forestar Group
FOR
$1.48B
| $399K | ﹤0.01% |
18,758
-1,632
| -8% | -$34.1K |
|
2854
PUT
First Solar
FSLR
$22.3B
| $399K | ﹤0.01% |
+7,300
| New | +$399K |
|
2855
CALL
Workday
WDAY
$48.1B
| $399K | ﹤0.01% |
4,800
-4,400
| -48% | -$347K |
|
|
PSIX
2856
Power Solutions International
PSIX
$834M
| $398K | ﹤0.01% |
+5,300
| New | +$347K |
|
|
POLY
2857
DELISTED
Plantronics, Inc.
POLY
| $398K | ﹤0.01% |
8,558
-47,615
| -85% | -$2.15M |
|
2858
FormFactor
FORM
$8.58B
| $397K | ﹤0.01% |
65,989
+12,955
| +24% | +$74.1K |
|
2859
CALL
Palo Alto Networks
PANW
$283B
| $397K | ﹤0.01% |
+41,400
| New | +$328K |
|
2860
TransAlta
TAC
$3.87B
| $397K | ﹤0.01% |
31,290
+16,749
| +115% | +$222K |
|
2861
Monolithic Power Systems
MPWR
$64B
| $394K | ﹤0.01% |
11,355
-19,545
| -63% | -$625K |
|
|
VIA
2862
DELISTED
Viacom Inc. Class A
VIA
| $394K | ﹤0.01% |
4,492
-87
| -2% | -$7.2K |
|
|
AMTG
2863
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
| $394K | ﹤0.01% |
26,690
-280,959
| -91% | -$4.2M |
|
2864
Radware
RDWR
$1.17B
| $393K | ﹤0.01% |
21,882
-69,747
| -76% | -$1.1M |
|
|
OCIP
2865
DELISTED
OCI Partners LP
OCIP
| $393K | ﹤0.01% |
+14,239
| New | +$338K |
|
2866
Gladstone Capital
GLAD
$445M
| $392K | ﹤0.01% |
20,465
-2,926
| -13% | -$53.9K |
|
2867
PUT
Factset
FDS
$10.7B
| $391K | ﹤0.01% |
3,600
-6,400
| -64% | -$710K |
|
|
VVTV
2868
DELISTED
VALUEVISION MEDIA INC
VVTV
| $391K | ﹤0.01% |
+55,877
| New | +$310K |
|
|
IRE
2869
DELISTED
GOVERNOR-BK OF IRELND ADS NEW
IRE
| $390K | ﹤0.01% |
27,071
-34,035
| -56% | -$479K |
|
2870
PUT
Agnico Eagle Mines
AEM
$110B
| $388K | ﹤0.01% |
14,700
+5,500
| +60% | +$148K |
|
|
ANFI
2871
DELISTED
AMIRA NATURE FOODS LTD
ANFI
| $388K | ﹤0.01% |
24,631
+8,431
| +52% | +$123K |
|
2872
Apogee Enterprises
APOG
$856M
| $387K | ﹤0.01% |
+10,773
| New | +$359K |
|
2873
QuinStreet
QNST
$1.17B
| $386K | ﹤0.01% |
44,437
+33,804
| +318% | +$299K |
|
|
SIRO
2874
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $386K | ﹤0.01% |
5,500
-49,105
| -90% | -$3.41M |
|
|
TEU
2875
DELISTED
BOX SHIPS INCORPORATED SHS (MARSHALL ISLANDS)
TEU
| $386K | ﹤0.01% |
117,330
+92,330
| +369% | +$320K |
|
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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.