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 | |
|---|---|---|---|---|---|---|
26
Apple
AAPL
$4.51T
| $112M | 0.35% |
5,610,948
+3,500,616
| +166% | +$66.1M |
|
27
Eversource Energy
ES
$26.4B
| $112M | 0.35% |
2,649,542
+264,750
| +11% | +$11.1M |
|
28
Bristol-Myers Squibb
BMY
$137B
| $109M | 0.34% |
2,055,716
+2,020,716
| +5,773% | +$103M |
|
29
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $109M | 0.34% |
587,742
+554,535
| +1,670% | +$98.1M |
|
30
LyondellBasell Industries
LYB
$21.8B
| $107M | 0.34% |
1,338,479
+582,386
| +77% | +$44.6M |
|
31
EQT Corp
EQT
$33.6B
| $106M | 0.33% |
2,163,361
+414,892
| +24% | +$19.6M |
|
32
AES
AES
$10.5B
| $103M | 0.32% |
7,075,877
+3,332,895
| +89% | +$47.4M |
|
33
Oneok
OKE
$58.8B
| $102M | 0.32% |
1,864,534
+118,880
| +7% | +$5.96M |
|
|
34
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $97.7M | 0.31% |
529,000
-2,959,000
| -85% | -$524M |
|
|
AGN
35
DELISTED
Allergan Inc
AGN
| $97.4M | 0.31% |
876,863
+248,612
| +40% | +$23.7M |
|
|
GPOR
36
DELISTED
Gulfport Energy Corp.
GPOR
| $96.2M | 0.3% |
1,524,102
+69,115
| +5% | +$4.19M |
|
|
VTLE
37
DELISTED
Vital Energy
VTLE
| $94.2M | 0.3% |
170,150
+52,468
| +45% | +$30.8M |
|
38
Danaher
DHR
$154B
| $94.1M | 0.3% |
1,813,486
+1,014,084
| +127% | +$49.9M |
|
|
TWC
39
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $92.3M | 0.29% |
680,993
+261,146
| +62% | +$32.4M |
|
40
PepsiCo
PEP
$196B
| $91M | 0.29% |
1,097,003
+218,628
| +25% | +$18.2M |
|
41
Halliburton
HAL
$29.4B
| $89M | 0.28% |
1,754,627
+1,066,295
| +155% | +$55.1M |
|
42
Agilent Technologies
A
$44.9B
| $86.8M | 0.27% |
2,121,972
+833,688
| +65% | +$31.7M |
|
|
WLL
43
DELISTED
Whiting Petroleum Corporation
WLL
| $85.8M | 0.27% |
4,620
+128
| +3% | +$2.42M |
|
|
NBL
44
DELISTED
Noble Energy, Inc.
NBL
| $84.4M | 0.27% |
1,239,526
+1,153,888
| +1,347% | +$81.7M |
|
45
TechnipFMC
FTI
$30.4B
| $83.2M | 0.26% |
2,142,732
+1,474,780
| +221% | +$57.2M |
|
|
PXD
46
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $82.7M | 0.26% |
449,300
+89,600
| +25% | +$17.3M |
|
|
CTRA
47
DELISTED
Coterra Energy
CTRA
| $82.4M | 0.26% |
2,126,853
-1,116,799
| -34% | -$39.9M |
|
|
PARA
48
DELISTED
Paramount Global Class B
PARA
| $82.3M | 0.26% |
1,291,773
+83,841
| +7% | +$4.93M |
|
49
McKesson
MCK
$100B
| $81.7M | 0.26% |
506,487
+399,053
| +371% | +$61.3M |
|
50
Amazon
AMZN
$2.79T
| $81.3M | 0.26% |
4,079,580
+3,591,960
| +737% | +$64.6M |
|
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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.