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 | |
|---|---|---|---|---|---|---|
3126
MannKind Corp
MNKD
$1.31B
| $260K | ﹤0.01% |
10,000
-4,500
| -31% | -$114K |
|
3127
Skywest
SKYW
$3.95B
| $259K | ﹤0.01% |
+17,488
| New | +$266K |
|
|
EARN
3128
Ellington Residential Mortgage REIT
EARN
$168M
| $258K | ﹤0.01% |
+16,800
| New | +$263K |
|
3129
Ventas
VTR
$47.9B
| $258K | ﹤0.01% |
3,941
-374,457
| -99% | -$26M |
|
3130
PUT
Williams Companies
WMB
$86.8B
| $258K | ﹤0.01% |
+6,700
| New | +$241K |
|
3131
eGain
EGAN
$196M
| $257K | ﹤0.01% |
25,067
-28,410
| -53% | -$341K |
|
3132
Independent Bank
INDB
$3.95B
| $257K | ﹤0.01% |
6,570
-17,576
| -73% | -$645K |
|
3133
TriCo Bancshares
TCBK
$1.74B
| $257K | ﹤0.01% |
+9,049
| New | +$233K |
|
3134
Park Aerospace
PKE
$718M
| $256K | ﹤0.01% |
+8,900
| New | +$252K |
|
3135
PUT
Thermo Fisher Scientific
TMO
$232B
| $256K | ﹤0.01% |
+2,300
| New | +$229K |
|
|
INTX
3136
DELISTED
Intersections, Inc.
INTX
| $254K | ﹤0.01% |
32,665
-20,578
| -39% | -$171K |
|
3137
CALL
Capital One
COF
$133B
| $253K | ﹤0.01% |
+3,300
| New | +$235K |
|
3138
PUT
Mohawk Industries
MHK
$9.08B
| $253K | ﹤0.01% |
+1,700
| New | +$232K |
|
|
CYOU
3139
DELISTED
Changyou.com Limited American Depositary Share
CYOU
| $253K | ﹤0.01% |
7,900
-92,850
| -92% | -$2.93M |
|
|
RHT
3140
PUT
DELISTED
Red Hat Inc
RHT
| $252K | ﹤0.01% |
+4,500
| New | +$208K |
|
3141
Erie Indemnity
ERIE
$14B
| $251K | ﹤0.01% |
3,428
-4,662
| -58% | -$332K |
|
3142
Silicom
SILC
$240M
| $251K | ﹤0.01% |
+5,500
| New | +$231K |
|
|
MJN
3143
PUT
DELISTED
Mead Johnson Nutrition Company
MJN
| $251K | ﹤0.01% |
+3,000
| New | +$244K |
|
|
CSC
3144
PUT
DELISTED
Computer Sciences
CSC
| $251K | ﹤0.01% |
+10,679
| New | +$237K |
|
3145
CALL
Genuine Parts
GPC
$18.7B
| $250K | ﹤0.01% |
+3,000
| New | +$243K |
|
3146
PUT
NRG Energy
NRG
$23.5B
| $250K | ﹤0.01% |
+8,700
| New | +$243K |
|
3147
PUT
Sinclair Inc
SBGI
$1.05B
| $250K | ﹤0.01% |
+7,000
| New | +$235K |
|
|
BWLD
3148
PUT
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $250K | ﹤0.01% |
+1,700
| New | +$234K |
|
3149
IAMGOLD
IAG
$12.4B
| $249K | ﹤0.01% |
74,800
+31,300
| +72% | +$136K |
|
3150
World Kinect Corp
WKC
$1.82B
| $249K | ﹤0.01% |
5,763
-166,671
| -97% | -$6.56M |
|
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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.