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 | |
|---|---|---|---|---|---|---|
426
Teradyne
TER
$58.7B
| $17.1M | 0.05% |
972,526
+657,949
| +209% | +$11.1M |
|
|
SRCL
427
DELISTED
Stericycle Inc
SRCL
| $17M | 0.05% |
146,642
+114,262
| +353% | +$13.3M |
|
428
PUT
Petrobras
PBR
$123B
| $17M | 0.05% |
1,235,600
+978,700
| +381% | +$15.2M |
|
429
CALL
Salesforce
CRM
$171B
| $17M | 0.05% |
308,000
+289,700
| +1,583% | +$15.5M |
|
430
PPG Industries
PPG
$25.3B
| $17M | 0.05% |
178,866
-178,744
| -50% | -$16.1M |
|
431
Antero Resources
AR
$11.7B
| $16.9M | 0.05% |
+267,061
| New | +$14.9M |
|
|
GENT
432
DELISTED
GENTIUM SPA ADS
GENT
| $16.9M | 0.05% |
+295,859
| New | +$13.2M |
|
433
Equinix
EQIX
$105B
| $16.8M | 0.05% |
+94,901
| New | +$15.8M |
|
434
Liberty Media Series A
FWONA
$24.2B
| $16.8M | 0.05% |
646,543
+593,811
| +1,126% | +$15.8M |
|
435
MDU Resources
MDU
$4.2B
| $16.7M | 0.05% |
1,439,299
+985,965
| +217% | +$11.1M |
|
436
Unum
UNM
$13.9B
| $16.7M | 0.05% |
476,106
+445,251
| +1,443% | +$14.6M |
|
|
TWO
437
Two Harbors Investment
TWO
$1.27B
| $16.6M | 0.05% |
223,496
+179,009
| +402% | +$13.4M |
|
|
SHPG
438
DELISTED
Shire pic
SHPG
| $16.6M | 0.05% |
117,270
-18,015
| -13% | -$2.37M |
|
439
Gen Digital
GEN
$17.3B
| $16.5M | 0.05% |
700,495
-1,166,858
| -62% | -$27.3M |
|
|
BRCM
440
PUT
DELISTED
BROADCOM CORP CL-A
BRCM
| $16.5M | 0.05% |
556,300
-128,500
| -19% | -$3.5M |
|
441
Pinnacle West Capital
PNW
$11.8B
| $16.5M | 0.05% |
311,525
-743,329
| -70% | -$40.7M |
|
442
Accuray
ARAY
$33.6M
| $16.5M | 0.05% |
1,893,759
+813,786
| +75% | +$6.31M |
|
443
W&T Offshore
WTI
$592M
| $16.4M | 0.05% |
1,026,918
+195,092
| +23% | +$3.49M |
|
|
DRC
444
DELISTED
DRESSER-RAND GROUP INC
DRC
| $16.4M | 0.05% |
275,115
+138,832
| +102% | +$8.23M |
|
|
ELNK
445
DELISTED
EarthLink Holdings Corp.
ELNK
| $16.4M | 0.05% |
3,225,981
+563,041
| +21% | +$2.87M |
|
446
Graco
GGG
$13.1B
| $16.3M | 0.05% |
626,814
+471,036
| +302% | +$12M |
|
|
SWC
447
DELISTED
Stillwater Mining Co
SWC
| $16.3M | 0.05% |
1,322,433
+5,771
| +0.4% | +$65K |
|
|
OPLN
448
Openlane
OPLN
$4.08B
| $16.3M | 0.05% |
1,456,672
-2,391,224
| -62% | -$26M |
|
449
Arthur J. Gallagher & Co
AJG
$67.6B
| $16.2M | 0.05% |
345,828
-497,641
| -59% | -$23.1M |
|
450
PUT
Dollar Tree
DLTR
$25.3B
| $16.2M | 0.05% |
287,400
-88,600
| -24% | -$5.1M |
|
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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.