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 | |
|---|---|---|---|---|---|---|
|
GOLD
351
DELISTED
Randgold Resources Ltd
GOLD
| $20.1M | 0.06% |
325,037
+257,239
| +379% | +$17.7M |
|
352
Hyatt Hotels
H
$17B
| $20.1M | 0.06% |
405,909
+267,178
| +193% | +$12.6M |
|
353
Fortune Brands Innovations
FBIN
$5.32B
| $20.1M | 0.06% |
513,715
+153,236
| +43% | +$5.52M |
|
|
MJN
354
DELISTED
Mead Johnson Nutrition Company
MJN
| $20.1M | 0.06% |
239,478
-378,585
| -61% | -$30.8M |
|
355
CALL
LyondellBasell Industries
LYB
$21.8B
| $20M | 0.06% |
+249,700
| New | +$19.1M |
|
356
Hasbro
HAS
$13.2B
| $20M | 0.06% |
363,872
-72,495
| -17% | -$3.7M |
|
357
Urban Outfitters
URBN
$6.36B
| $20M | 0.06% |
539,017
-420,026
| -44% | -$15.7M |
|
358
Masco
MAS
$14.5B
| $20M | 0.06% |
997,421
+234,664
| +31% | +$4.36M |
|
359
Tapestry
TPR
$26B
| $19.9M | 0.06% |
354,509
+104,491
| +42% | +$5.65M |
|
360
PUT
Cisco
CSCO
$438B
| $19.9M | 0.06% |
885,500
+684,400
| +340% | +$15.1M |
|
|
Y
361
DELISTED
Alleghany Corp
Y
| $19.8M | 0.06% |
+49,582
| New | +$19.8M |
|
362
SLM Corp
SLM
$4.97B
| $19.8M | 0.06% |
2,111,192
-147,314
| -7% | -$1.35M |
|
363
Zoetis
ZTS
$32.1B
| $19.8M | 0.06% |
605,682
+230,269
| +61% | +$7.34M |
|
364
Netflix
NFLX
$331B
| $19.7M | 0.06% |
+3,752,980
| New | +$18.4M |
|
365
JPMorgan Chase
JPM
$935B
| $19.7M | 0.06% |
337,001
-971,023
| -74% | -$53.2M |
|
366
Westlake Corp
WLK
$10.1B
| $19.7M | 0.06% |
322,888
-267,236
| -45% | -$15M |
|
367
Emerson Electric
EMR
$87.7B
| $19.7M | 0.06% |
280,009
+256,576
| +1,095% | +$17.1M |
|
|
CFN
368
DELISTED
CAREFUSION CORPORATION
CFN
| $19.6M | 0.06% |
492,250
-439,746
| -47% | -$17.1M |
|
369
LXP Industrial Trust
LXP
$3.59B
| $19.5M | 0.06% |
382,862
+306,158
| +399% | +$16.7M |
|
370
NXP Semiconductors
NXPI
$56.9B
| $19.5M | 0.06% |
425,216
-115,008
| -21% | -$4.74M |
|
371
Trane Technologies
TT
$99.8B
| $19.5M | 0.06% |
316,070
+136,549
| +76% | +$7.52M |
|
372
PUT
Constellation Brands
STZ
$23.2B
| $19.5M | 0.06% |
+276,400
| New | +$18.5M |
|
373
W.W. Grainger
GWW
$61.8B
| $19.4M | 0.06% |
76,125
+16,882
| +28% | +$4.39M |
|
374
Commault Systems
CVLT
$5.55B
| $19.4M | 0.06% |
259,500
+202,856
| +358% | +$15.9M |
|
375
Liberty Global Class A
LBTYA
$3.63B
| $19.4M | 0.06% |
528,381
-868,768
| -62% | -$29.1M |
|
Similar funds
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.