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 | |
|---|---|---|---|---|---|---|
|
NCI
3076
DELISTED
Navigant Consulting, Inc.
NCI
| $278K | ﹤0.01% |
14,500
-37,543
| -72% | -$667K |
|
|
ATHE
3077
Alterity Therapeutics
ATHE
$82.8M
| $277K | ﹤0.01% |
+658
| New | +$197K |
|
3078
Insperity
NSP
$1.99B
| $277K | ﹤0.01% |
15,306
-14,754
| -49% | -$265K |
|
|
LDR
3079
DELISTED
Landauer Inc
LDR
| $277K | ﹤0.01% |
+5,258
| New | +$265K |
|
3080
CALL
Fastenal
FAST
$58.8B
| $276K | ﹤0.01% |
23,200
-239,600
| -91% | -$2.88M |
|
|
OMN
3081
DELISTED
OMNOVA Solutions Inc.
OMN
| $276K | ﹤0.01% |
+30,287
| New | +$260K |
|
|
NTRI
3082
CALL
DELISTED
NutriSystem, Inc.
NTRI
| $276K | ﹤0.01% |
+16,800
| New | +$294K |
|
|
ARX
3083
DELISTED
Aeroflex Holding Corp (DE)
ARX
| $276K | ﹤0.01% |
+42,399
| New | +$299K |
|
3084
Columbus McKinnon
CMCO
$518M
| $275K | ﹤0.01% |
+10,126
| New | +$265K |
|
3085
CALL
Chevron
CVX
$398B
| $275K | ﹤0.01% |
+2,200
| New | +$266K |
|
3086
PUT
Genuine Parts
GPC
$18.7B
| $275K | ﹤0.01% |
+3,300
| New | +$267K |
|
3087
CALL
NetEase
NTES
$78.7B
| $275K | ﹤0.01% |
+17,500
| New | +$246K |
|
3088
CALL
Regeneron Pharmaceuticals
REGN
$85.3B
| $275K | ﹤0.01% |
1,000
-2,200
| -69% | -$633K |
|
|
PCYC
3089
PUT
DELISTED
PHARMACYCLICS INC
PCYC
| $275K | ﹤0.01% |
+2,600
| New | +$316K |
|
3090
Churchill Downs
CHDN
$6.32B
| $274K | ﹤0.01% |
18,348
-94,680
| -84% | -$1.37M |
|
|
SVU
3091
DELISTED
SUPERVALU Inc.
SVU
| $274K | ﹤0.01% |
5,371
-58,357
| -92% | -$2.88M |
|
|
SD
3092
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $274K | ﹤0.01% |
45,100
-377,685
| -89% | -$2.26M |
|
|
RSH
3093
DELISTED
RADIOSHACK CORP
RSH
| $274K | ﹤0.01% |
105,316
-2,896
| -3% | -$8.43K |
|
3094
CALL
Cognizant
CTSH
$28B
| $273K | ﹤0.01% |
5,400
-8,200
| -60% | -$373K |
|
3095
Brookfield
BN
$93.7B
| $272K | ﹤0.01% |
+29,900
| New | +$272K |
|
3096
PUT
Copa Holdings
CPA
$5.95B
| $272K | ﹤0.01% |
1,700
-1,700
| -50% | -$257K |
|
|
XRM
3097
DELISTED
Xerium Technologies Inc (new)
XRM
| $272K | ﹤0.01% |
16,506
-4,452
| -21% | -$58K |
|
|
GES
3098
CALL
DELISTED
Guess Inc
GES
| $270K | ﹤0.01% |
+8,700
| New | +$276K |
|
3099
Healthcare Services Group
HCSG
$1.56B
| $270K | ﹤0.01% |
+9,500
| New | +$260K |
|
3100
Semtech
SMTC
$11.3B
| $270K | ﹤0.01% |
10,682
-21,546
| -67% | -$636K |
|
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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.