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 | |
|---|---|---|---|---|---|---|
451
C.H. Robinson
CHRW
$16.5B
| $16.2M | 0.05% |
+277,689
| New | +$16.3M |
|
|
CHK
452
DELISTED
Chesapeake Energy Corporation
CHK
| $16.2M | 0.05% |
3,154
-3,466
| -52% | -$17.6M |
|
453
RTX Corp
RTX
$283B
| $16.2M | 0.05% |
226,005
+64,146
| +40% | +$4.37M |
|
|
EMC
454
DELISTED
EMC CORPORATION
EMC
| $16.2M | 0.05% |
643,316
+548,432
| +578% | +$13.3M |
|
455
PG&E
PCG
$38.8B
| $16.1M | 0.05% |
400,689
+365,598
| +1,042% | +$15M |
|
|
TSS
456
DELISTED
Total System Services, Inc.
TSS
| $16.1M | 0.05% |
484,759
-728,426
| -60% | -$22.4M |
|
457
Hancock Whitney
HWC
$6.05B
| $16.1M | 0.05% |
438,056
-46,129
| -10% | -$1.56M |
|
458
Oshkosh
OSK
$9.7B
| $16M | 0.05% |
+317,375
| New | +$15.8M |
|
|
CYNO
459
DELISTED
Cynosure, Inc. Class A
CYNO
| $16M | 0.05% |
599,488
-61,829
| -9% | -$1.49M |
|
460
Best Buy
BBY
$18.1B
| $15.9M | 0.05% |
397,585
-369,252
| -48% | -$15.1M |
|
461
Simon Property Group
SPG
$70.6B
| $15.8M | 0.05% |
110,539
-230,511
| -68% | -$33.2M |
|
462
AutoNation
AN
$6.6B
| $15.7M | 0.05% |
316,944
-142,438
| -31% | -$7.05M |
|
|
FL
463
DELISTED
Foot Locker
FL
| $15.7M | 0.05% |
378,797
-409,571
| -52% | -$15M |
|
|
ACGN
464
DELISTED
Aceragen Inc
ACGN
| $15.7M | 0.05% |
24,940
+21,911
| +723% | +$7.31M |
|
|
TIF
465
DELISTED
Tiffany & Co.
TIF
| $15.7M | 0.05% |
168,907
-58,852
| -26% | -$4.89M |
|
|
FNBC
466
DELISTED
First NBC Bank Holding Company
FNBC
| $15.7M | 0.05% |
484,797
+173,833
| +56% | +$4.82M |
|
467
TSMC
TSM
$2.17T
| $15.6M | 0.05% |
+896,520
| New | +$15.9M |
|
|
EMC
468
PUT
DELISTED
EMC CORPORATION
EMC
| $15.6M | 0.05% |
619,200
+118,500
| +24% | +$2.87M |
|
469
CALL
Pitney Bowes
PBI
$2.26B
| $15.6M | 0.05% |
667,500
-51,400
| -7% | -$1.11M |
|
470
CALL
Energy Transfer Partners
ET
$73B
| $15.5M | 0.05% |
760,000
-109,200
| -13% | -$1.96M |
|
471
CALL
Meta Platforms (Facebook)
META
$1.4T
| $15.5M | 0.05% |
284,000
+19,300
| +7% | +$969K |
|
472
PUT
Intuitive Surgical
ISRG
$134B
| $15.5M | 0.05% |
363,600
+196,200
| +117% | +$8.26M |
|
|
SPR
473
DELISTED
Spirit AeroSystems
SPR
| $15.5M | 0.05% |
454,825
+125,448
| +38% | +$3.69M |
|
474
Kilroy Realty
KRC
$4.25B
| $15.4M | 0.05% |
307,170
+81,773
| +36% | +$4.19M |
|
475
CALL
TripAdvisor
TRIP
$1.17B
| $15.3M | 0.05% |
184,300
+125,400
| +213% | +$10.3M |
|
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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.