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 | |
|---|---|---|---|---|---|---|
|
WBS
326
DELISTED
Webster Financial
WBS
| $21.3M | 0.07% |
683,829
-886,432
| -56% | -$25.2M |
|
327
United Therapeutics
UTHR
$22B
| $21.3M | 0.07% |
188,319
+181,837
| +2,805% | +$16.4M |
|
|
STAY
328
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $21.2M | 0.07% |
+808,779
| New | +$19.9M |
|
329
Mastercard
MA
$509B
| $21.2M | 0.07% |
254,050
-235,770
| -48% | -$17.5M |
|
330
Adobe
ADBE
$109B
| $21.2M | 0.07% |
353,958
+16,700
| +5% | +$923K |
|
331
CALL
Home Depot
HD
$335B
| $21.2M | 0.07% |
257,300
+117,300
| +84% | +$9.14M |
|
332
Microchip Technology
MCHP
$41.3B
| $21.1M | 0.07% |
942,580
+558,004
| +145% | +$11.7M |
|
|
BMR
333
DELISTED
BIOMED REALTY TRUST INC
BMR
| $21.1M | 0.07% |
1,163,905
+55,923
| +5% | +$1.06M |
|
334
CALL
Trip.com Group
TCOM
$29B
| $21.1M | 0.07% |
849,600
-5,600
| -0.7% | -$146K |
|
|
WBC
335
DELISTED
WABCO HOLDINGS INC.
WBC
| $21M | 0.07% |
225,186
-13,708
| -6% | -$1.2M |
|
336
Ralph Lauren
RL
$22.2B
| $21M | 0.07% |
118,811
-174,192
| -59% | -$29.7M |
|
337
Wells Fargo
WFC
$254B
| $20.9M | 0.07% |
460,930
-103,203
| -18% | -$4.46M |
|
338
PUT
lululemon athletica
LULU
$13.7B
| $20.8M | 0.07% |
352,600
+311,000
| +748% | +$21.3M |
|
339
KBR
KBR
$4.86B
| $20.7M | 0.07% |
650,612
+428,034
| +192% | +$14.2M |
|
340
NNN REIT
NNN
$8.8B
| $20.7M | 0.07% |
681,119
-2,030
| -0.3% | -$65.7K |
|
|
VMW
341
DELISTED
VMware, Inc
VMW
| $20.5M | 0.06% |
228,397
-66,121
| -22% | -$5.46M |
|
342
CALL
NOV
NOV
$7.28B
| $20.5M | 0.06% |
285,457
+26,284
| +10% | +$1.91M |
|
343
Waters Corp
WAT
$40.4B
| $20.4M | 0.06% |
+204,408
| New | +$20.6M |
|
|
CRZO
344
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $20.4M | 0.06% |
455,353
+372,549
| +450% | +$15.8M |
|
345
PUT
Lennar Class A
LEN
$21B
| $20.3M | 0.06% |
538,938
+263,796
| +96% | +$8.9M |
|
|
MDCO
346
DELISTED
Medicines Co
MDCO
| $20.3M | 0.06% |
525,066
-136,440
| -21% | -$4.88M |
|
347
Petrobras
PBR
$123B
| $20.3M | 0.06% |
1,469,648
+1,251,607
| +574% | +$19.4M |
|
348
PUT
PBF Energy
PBF
$8.72B
| $20.1M | 0.06% |
639,900
+61,200
| +11% | +$1.67M |
|
|
NETI
349
DELISTED
Eneti Inc.
NETI
| $20.1M | 0.06% |
+17,960
| New | +$19.5M |
|
|
FBC
350
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $20.1M | 0.06% |
1,025,372
+495,195
| +93% | +$8.4M |
|
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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.