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 | |
|---|---|---|---|---|---|---|
476
Lamar Advertising Co
LAMR
$15.3B
| $15.2M | 0.05% |
290,930
+1,634
| +0.6% | +$79.8K |
|
477
SBA Communications
SBAC
$19.4B
| $15.2M | 0.05% |
169,016
-39,868
| -19% | -$3.42M |
|
|
KRFT
478
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $15.1M | 0.05% |
280,730
+219,569
| +359% | +$11.7M |
|
|
PDCE
479
DELISTED
PDC Energy, Inc.
PDCE
| $15.1M | 0.05% |
283,990
-352,346
| -55% | -$21.5M |
|
|
CAA
480
CALL
DELISTED
CalAtlantic Group, Inc.
CAA
| $15.1M | 0.05% |
333,840
+202,840
| +155% | +$8.08M |
|
|
QIWI
481
DELISTED
QIWI PLC
QIWI
| $15.1M | 0.05% |
269,252
+234,130
| +667% | +$10.5M |
|
482
Tyson Foods
TSN
$20.6B
| $15M | 0.05% |
448,603
-146,974
| -25% | -$4.48M |
|
483
SPX Corp
SPXC
$10.4B
| $15M | 0.05% |
597,306
+325,491
| +120% | +$7.48M |
|
|
ITC
484
DELISTED
ITC HOLDINGS CORP
ITC
| $15M | 0.05% |
+468,996
| New | +$15M |
|
|
QVCGA
485
DELISTED
QVC Group Inc Series A
QVCGA
| $15M | 0.05% |
12,403
+4,844
| +64% | +$5.39M |
|
486
J.M. Smucker
SJM
$13.3B
| $14.9M | 0.05% |
143,659
-4,752
| -3% | -$504K |
|
|
DTV
487
DELISTED
DIRECTV COM STK (DE)
DTV
| $14.9M | 0.05% |
215,207
+175,429
| +441% | +$11.2M |
|
|
AMTD
488
DELISTED
TD Ameritrade Holding Corp
AMTD
| $14.8M | 0.05% |
484,572
-13,897
| -3% | -$396K |
|
|
HES
489
DELISTED
Hess
HES
| $14.8M | 0.05% |
178,608
-1,245,955
| -87% | -$101M |
|
490
CALL
AutoZone
AZO
$48.3B
| $14.8M | 0.05% |
31,000
+6,600
| +27% | +$2.96M |
|
|
ATHN
491
DELISTED
Athenahealth, Inc.
ATHN
| $14.7M | 0.05% |
109,281
+30,391
| +39% | +$3.9M |
|
492
Centene
CNC
$32.1B
| $14.7M | 0.05% |
+995,780
| New | +$14.9M |
|
493
GameStop
GME
$8.17B
| $14.7M | 0.05% |
1,190,356
-414,516
| -26% | -$5.31M |
|
494
Lithia Motors
LAD
$8.15B
| $14.6M | 0.05% |
210,766
+201,049
| +2,069% | +$13.5M |
|
|
SPLK
495
DELISTED
Splunk Inc
SPLK
| $14.6M | 0.05% |
212,983
+164,395
| +338% | +$10.7M |
|
|
SN
496
DELISTED
Sanchez Energy Corporation
SN
| $14.6M | 0.05% |
595,585
+221,646
| +59% | +$5.89M |
|
497
CALL
Ericsson
ERIC
$33.5B
| $14.6M | 0.05% |
1,191,800
+600,100
| +101% | +$7.46M |
|
|
UTIW
498
DELISTED
UTI WORLDWIDE INC
UTIW
| $14.6M | 0.05% |
+829,721
| New | +$13.1M |
|
499
SEI Investments
SEIC
$13.1B
| $14.6M | 0.05% |
418,990
+147,176
| +54% | +$4.89M |
|
500
International Flavors & Fragrances
IFF
$21.5B
| $14.5M | 0.05% |
169,040
+40,328
| +31% | +$3.42M |
|
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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.