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 | |
|---|---|---|---|---|---|---|
276
Brookdale Senior Living
BKD
$2.82B
| $24.5M | 0.08% |
+901,339
| New | +$25M |
|
|
DYAX
277
DELISTED
DYAX CORPORATION
DYAX
| $24.3M | 0.08% |
3,229,455
+1,505,131
| +87% | +$11.4M |
|
278
Lowe's Companies
LOW
$121B
| $24.2M | 0.08% |
489,105
+85,115
| +21% | +$4.14M |
|
279
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $24M | 0.08% |
2,255,000
+80,000
| +4% | +$814K |
|
280
Liberty Global Class C
LBTYK
$3.55B
| $24M | 0.08% |
703,497
+3,088
| +0.4% | +$96.3K |
|
281
CALL
National Grid
NGG
$80.2B
| $24M | 0.08% |
380,408
+95,258
| +33% | +$5.71M |
|
282
MGIC Investment
MTG
$6.34B
| $23.9M | 0.08% |
2,834,888
-467,951
| -14% | -$3.73M |
|
283
Dentsply Sirona
XRAY
$2.18B
| $23.9M | 0.08% |
492,514
+268,564
| +120% | +$12.6M |
|
|
BBG
284
DELISTED
Bill Barrett Corp
BBG
| $23.8M | 0.08% |
890,540
+119,366
| +15% | +$3.25M |
|
285
PUT
Yum! Brands
YUM
$41.8B
| $23.8M | 0.08% |
438,721
+432,183
| +6,610% | +$22.2M |
|
286
Xcel Energy
XEL
$47.7B
| $23.7M | 0.07% |
848,327
+696,739
| +460% | +$19.7M |
|
|
AGN
287
CALL
DELISTED
Allergan plc
AGN
| $23.7M | 0.07% |
141,000
-39,000
| -22% | -$6.1M |
|
|
PMT
288
PennyMac Mortgage Investment
PMT
$815M
| $23.5M | 0.07% |
1,021,922
-69
| -0% | -$1.56K |
|
289
AbbVie
ABBV
$468B
| $23.4M | 0.07% |
443,456
-575,318
| -56% | -$28.3M |
|
|
BRCM
290
DELISTED
BROADCOM CORP CL-A
BRCM
| $23.4M | 0.07% |
789,068
+564,777
| +252% | +$15.4M |
|
|
GGP
291
DELISTED
GGP Inc.
GGP
| $23.3M | 0.07% |
1,159,385
+1,126,404
| +3,415% | +$23.2M |
|
|
ESV
292
CALL
DELISTED
Ensco Rowan plc
ESV
| $23.2M | 0.07% |
101,525
+10,150
| +11% | +$2.34M |
|
|
TWC
293
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $23.2M | 0.07% |
171,300
+20,900
| +14% | +$2.6M |
|
|
CYN
294
DELISTED
CITY NATIONAL CORPORATION
CYN
| $23.2M | 0.07% |
292,537
+35,941
| +14% | +$2.65M |
|
295
FedEx
FDX
$76.9B
| $23.1M | 0.07% |
160,865
-47,595
| -23% | -$6.3M |
|
296
Spectrum Brands
SPB
$2B
| $23.1M | 0.07% |
327,103
+165,345
| +102% | +$11M |
|
297
CALL
Simon Property Group
SPG
$70.6B
| $22.8M | 0.07% |
159,450
+55,170
| +53% | +$7.95M |
|
|
CELG
298
DELISTED
Celgene Corp
CELG
| $22.7M | 0.07% |
268,900
-122,928
| -31% | -$9.73M |
|
|
SPNC
299
DELISTED
Spectranetics Corp
SPNC
| $22.7M | 0.07% |
908,530
-192,095
| -17% | -$4.12M |
|
|
QIHU
300
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $22.6M | 0.07% |
275,616
-122,783
| -31% | -$10.3M |
|
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.