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 | |
|---|---|---|---|---|---|---|
3651
PUT
Nektar Therapeutics
NKTR
$2.53B
| – | – |
-8,233
| Closed | -$1.29M |
|
3652
NN Inc
NNBR
$312M
| – | – |
-56,465
| Closed | -$879K |
|
3653
Northern Oil and Gas
NOG
$2.91B
| – | – |
-3,683
| Closed | -$532K |
|
3654
CALL
ServiceNow
NOW
$133B
| – | – |
-19,500
| Closed | -$203K |
|
|
3655
PUT
ServiceNow
NOW
$133B
| – | – |
-26,000
| Closed | -$270K |
|
3656
PUT
Norfolk Southern
NSC
$78.8B
| – | – |
-3,700
| Closed | -$286K |
|
3657
PUT
NETSCOUT
NTCT
$2.8B
| – | – |
-18,500
| Closed | -$472K |
|
3658
NetEase
NTES
$82.1B
| – | – |
-1,397,890
| Closed | -$19.6M |
|
3659
NETGEAR
NTGR
$571M
| – | – |
-9,394
| Closed | -$290K |
|
3660
CALL
Nucor
NUE
$55.3B
| – | – |
-4,200
| Closed | -$206K |
|
|
3661
PUT
Nucor
NUE
$55.3B
| – | – |
-4,500
| Closed | -$221K |
|
3662
Northwest Bancshares
NWBI
$2.26B
| – | – |
-162,299
| Closed | -$2.14M |
|
3663
News Corp Class A
NWSA
$16.4B
| – | – |
-58,366
| Closed | -$937K |
|
|
ADAM
3664
Adamas Trust
ADAM
$893M
| – | – |
-30,595
| Closed | -$764K |
|
3665
New York Times
NYT
$10.6B
| – | – |
-154,906
| Closed | -$1.95M |
|
3666
Realty Income
O
$59.2B
| – | – |
-107,330
| Closed | -$4.12M |
|
3667
PUT
Owens Corning
OC
$11.7B
| – | – |
-147,000
| Closed | -$5.58M |
|
3668
O-I Glass
OI
$1.1B
| – | – |
-14,100
| Closed | -$423K |
|
|
3669
PUT
O-I Glass
OI
$1.1B
| – | – |
-27,100
| Closed | -$814K |
|
3670
PUT
Oneok
OKE
$58.8B
| – | – |
-8,338
| Closed | -$389K |
|
3671
Orion Group Holdings
ORN
$375M
| – | – |
-18,561
| Closed | -$193K |
|
3672
Open Text
OTEX
$5.97B
| – | – |
-52,724
| Closed | -$984K |
|
3673
Otter Tail
OTTR
$3.81B
| – | – |
-7,807
| Closed | -$215K |
|
3674
CALL
Ovintiv
OVV
$18.5B
| – | – |
-20,000
| Closed | -$1.73M |
|
3675
CALL
Plains All American Pipeline
PAA
$17.4B
| – | – |
-190,000
| Closed | -$10M |
|
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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.