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 | |
|---|---|---|---|---|---|---|
|
TFM
376
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $19.4M | 0.06% |
477,842
-700,864
| -59% | -$32.6M |
|
377
Starbucks
SBUX
$122B
| $19.3M | 0.06% |
491,546
-245,192
| -33% | -$9.7M |
|
378
Eaton
ETN
$163B
| $19.3M | 0.06% |
253,046
-285,532
| -53% | -$20.3M |
|
|
CHK
379
CALL
DELISTED
Chesapeake Energy Corporation
CHK
| $19.2M | 0.06% |
3,742
-2,086
| -36% | -$10.6M |
|
380
CNX Resources
CNX
$5.38B
| $19.1M | 0.06% |
603,780
-1,526,762
| -72% | -$46.7M |
|
381
Lincoln National
LNC
$8.07B
| $19.1M | 0.06% |
369,049
+146,884
| +66% | +$7.04M |
|
|
382
PUT
CNX Resources
CNX
$5.38B
| $18.9M | 0.06% |
+596,880
| New | +$18.3M |
|
383
First Solar
FSLR
$23B
| $18.9M | 0.06% |
345,675
+300,961
| +673% | +$16.5M |
|
384
Monster Beverage
MNST
$93.6B
| $18.9M | 0.06% |
3,338,952
+212,328
| +7% | +$1.04M |
|
385
Lennox International
LII
$13.9B
| $18.8M | 0.06% |
221,083
-182,325
| -45% | -$14.5M |
|
386
Marvell Technology
MRVL
$213B
| $18.8M | 0.06% |
1,307,465
+422,398
| +48% | +$5.44M |
|
|
SRC
387
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $18.8M | 0.06% |
425,419
-321,158
| -43% | -$14.2M |
|
|
PVTB
388
DELISTED
PrivateBancorp Inc
PVTB
| $18.7M | 0.06% |
647,011
+311,088
| +93% | +$8.01M |
|
|
HLSS
389
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
| $18.6M | 0.06% |
810,270
-702,519
| -46% | -$16.2M |
|
390
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $18.6M | 0.06% |
968,274
-1,426,211
| -60% | -$26.2M |
|
|
OUTR
391
DELISTED
OUTERWALL INC
OUTR
| $18.5M | 0.06% |
275,218
+239,694
| +675% | +$15.6M |
|
392
American International
AIG
$39.8B
| $18.5M | 0.06% |
362,610
+204,666
| +130% | +$10.2M |
|
|
TRW
393
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $18.5M | 0.06% |
248,339
+65,560
| +36% | +$4.93M |
|
394
GSK
GSK
$105B
| $18.5M | 0.06% |
276,613
+40,414
| +17% | +$2.62M |
|
395
Rayonier
RYN
$6.31B
| $18.5M | 0.06% |
647,042
+172,835
| +36% | +$5.58M |
|
|
PACD
396
DELISTED
Pacific Drilling S A
PACD
| $18.4M | 0.06% |
160,541
-4,503
| -3% | -$513K |
|
397
Terex
TEX
$7.6B
| $18.4M | 0.06% |
438,112
-268,072
| -38% | -$9.72M |
|
398
Federal Realty Investment Trust
FRT
$10.1B
| $18.4M | 0.06% |
181,121
+172,929
| +2,111% | +$18M |
|
399
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $18.3M | 0.06% |
350,500
-154,200
| -31% | -$7.58M |
|
400
Pitney Bowes
PBI
$2.26B
| $18.2M | 0.06% |
782,114
+531,708
| +212% | +$11.4M |
|
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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.