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 | |
|---|---|---|---|---|---|---|
301
CALL
APA Corp
APA
$15.2B
| $22.6M | 0.07% |
263,100
+98,700
| +60% | +$8.79M |
|
302
ManpowerGroup
MAN
$2.86B
| $22.6M | 0.07% |
263,208
+31,159
| +13% | +$2.49M |
|
|
ORIG
303
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $22.6M | 0.07% |
128
-3
| -2% | -$534K |
|
304
Expedia Group
EXPE
$38.6B
| $22.6M | 0.07% |
324,085
+199,901
| +161% | +$11.8M |
|
305
Celanese
CE
$5.14B
| $22.5M | 0.07% |
407,482
+402,138
| +7,525% | +$22.3M |
|
306
Ares Capital
ARCC
$14.3B
| $22.5M | 0.07% |
1,268,235
+316,951
| +33% | +$5.59M |
|
307
Edison International
EIX
$27.5B
| $22.3M | 0.07% |
480,714
+244,108
| +103% | +$11.5M |
|
|
X
308
DELISTED
US Steel
X
| $22.2M | 0.07% |
752,127
+506,086
| +206% | +$13M |
|
309
Ameriprise Financial
AMP
$49.1B
| $22.2M | 0.07% |
192,662
+109,867
| +133% | +$11.3M |
|
310
Prologis
PLD
$135B
| $22.1M | 0.07% |
597,019
+582,077
| +3,896% | +$22.4M |
|
|
WBA
311
DELISTED
Walgreens Boots Alliance
WBA
| $22M | 0.07% |
382,720
+9,081
| +2% | +$528K |
|
312
Estee Lauder
EL
$36.9B
| $21.9M | 0.07% |
291,083
-212,064
| -42% | -$15.4M |
|
313
Mueller Water Products
MWA
$3.89B
| $21.9M | 0.07% |
2,334,704
-455,570
| -16% | -$3.89M |
|
314
Seagate
STX
$193B
| $21.8M | 0.07% |
388,740
+305,364
| +366% | +$15.1M |
|
315
Equity Lifestyle Properties
ELS
$12.7B
| $21.8M | 0.07% |
1,204,256
-398,632
| -25% | -$7.21M |
|
316
Advance Auto Parts
AAP
$2.57B
| $21.8M | 0.07% |
196,842
-324,126
| -62% | -$32.2M |
|
317
Charter Communications
CHTR
$17.9B
| $21.8M | 0.07% |
159,252
+33,826
| +27% | +$4.49M |
|
318
Capital One
COF
$134B
| $21.7M | 0.07% |
282,967
-154,911
| -35% | -$11M |
|
319
Lam Research
LRCX
$393B
| $21.7M | 0.07% |
3,979,590
+311,340
| +8% | +$1.64M |
|
320
Boston Scientific
BSX
$73B
| $21.6M | 0.07% |
1,796,228
+1,036,521
| +136% | +$12.2M |
|
321
HP
HPQ
$27.2B
| $21.5M | 0.07% |
1,694,241
-411,276
| -20% | -$4.72M |
|
|
TRNX
322
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $21.5M | 0.07% |
1,145,073
+575,178
| +101% | +$10.8M |
|
323
Salesforce
CRM
$171B
| $21.5M | 0.07% |
389,269
-182,035
| -32% | -$9.74M |
|
|
CLGX
324
DELISTED
Corelogic, Inc.
CLGX
| $21.4M | 0.07% |
601,785
-374,779
| -38% | -$12.2M |
|
325
Prudential Financial
PRU
$41.8B
| $21.4M | 0.07% |
+231,758
| New | +$19.8M |
|
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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.