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 | |
|---|---|---|---|---|---|---|
2901
PUT
Digital Realty Trust
DLR
$69.8B
| $368K | ﹤0.01% |
7,500
-1,300
| -15% | -$64.6K |
|
|
CIE
2902
PUT
DELISTED
Cobalt International Energy, Inc
CIE
| $368K | ﹤0.01% |
+1,493
| New | +$467K |
|
|
TE
2903
DELISTED
TECO ENERGY INC
TE
| $368K | ﹤0.01% |
+21,319
| New | +$365K |
|
|
RLD
2904
DELISTED
REALD INC COM STK
RLD
| $368K | ﹤0.01% |
43,139
-139,222
| -76% | -$1.09M |
|
2905
CALL
Alaska Air
ALK
$4.64B
| $367K | ﹤0.01% |
10,000
-7,000
| -41% | -$249K |
|
2906
CALL
Five Below
FIVE
$14.5B
| $367K | ﹤0.01% |
8,500
-16,700
| -66% | -$801K |
|
2907
Penske Automotive Group
PAG
$14.3B
| $367K | ﹤0.01% |
7,786
-23,411
| -75% | -$1M |
|
|
VNET
2908
VNET Group
VNET
$1.84B
| $365K | ﹤0.01% |
+15,500
| New | +$297K |
|
|
PETM
2909
PUT
DELISTED
PETSMART INC
PETM
| $364K | ﹤0.01% |
5,000
-5,400
| -52% | -$395K |
|
|
HPP
2910
Hudson Pacific Properties
HPP
$798M
| $363K | ﹤0.01% |
2,371
-9,820
| -81% | -$1.42M |
|
|
HMSY
2911
CALL
DELISTED
HMS Holdings Corp.
HMSY
| $363K | ﹤0.01% |
+16,000
| New | +$346K |
|
2912
Lee Enterprises
LEE
$183M
| $361K | ﹤0.01% |
10,406
+8,301
| +394% | +$272K |
|
2913
Choice Hotels
CHH
$5B
| $360K | ﹤0.01% |
+7,326
| New | +$334K |
|
2914
PUT
Middleby
MIDD
$5.21B
| $360K | ﹤0.01% |
+4,500
| New | +$333K |
|
|
PRGX
2915
DELISTED
PRGX Global, Inc.
PRGX
| $359K | ﹤0.01% |
+53,452
| New | +$355K |
|
|
NXH
2916
Neighborhood Intelligence Inc
NXH
$372M
| $357K | ﹤0.01% |
15,420
-94,204
| -86% | -$1.91M |
|
|
GES
2917
PUT
DELISTED
Guess Inc
GES
| $357K | ﹤0.01% |
+11,500
| New | +$365K |
|
2918
CALL
PepsiCo
PEP
$197B
| $357K | ﹤0.01% |
+4,300
| New | +$357K |
|
2919
CALL
Liberty Global Class A
LBTYA
$3.66B
| $356K | ﹤0.01% |
9,700
-9,942
| -51% | -$333K |
|
|
PTNR
2920
DELISTED
Partner Communications
PTNR
| $356K | ﹤0.01% |
37,941
+11,731
| +45% | +$103K |
|
2921
H.B. Fuller
FUL
$3.12B
| $353K | ﹤0.01% |
6,784
-47,184
| -87% | -$2.3M |
|
|
CUDA
2922
DELISTED
Barracuda Networks, Inc.
CUDA
| $353K | ﹤0.01% |
+8,900
| New | +$213K |
|
|
DRYS
2923
DELISTED
DryShips Inc. Common Stock
DRYS
| – | – |
0
| – | – |
|
|
TCO
2924
PUT
DELISTED
Taubman Centers Inc.
TCO
| $352K | ﹤0.01% |
+5,500
| New | +$366K |
|
2925
CALL
Popular Inc
BPOP
$10.7B
| $351K | ﹤0.01% |
12,200
+3,900
| +47% | +$105K |
|
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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.