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 | |
|---|---|---|---|---|---|---|
|
CAB
501
DELISTED
Cabela's Inc
CAB
| $14.5M | 0.05% |
216,790
+6,361
| +3% | +$395K |
|
502
Wheaton Precious Metals
WPM
$71.7B
| $14.4M | 0.05% |
+712,015
| New | +$15.5M |
|
503
Stanley Black & Decker
SWK
$15.1B
| $14.3M | 0.05% |
177,794
-133,993
| -43% | -$11M |
|
504
CALL
Intuitive Surgical
ISRG
$134B
| $14.3M | 0.05% |
335,700
-222,300
| -40% | -$9.35M |
|
505
PUT
Salesforce
CRM
$171B
| $14.3M | 0.05% |
259,500
+241,900
| +1,374% | +$12.9M |
|
506
GE Aerospace
GE
$361B
| $14.3M | 0.05% |
106,612
-142,840
| -57% | -$18M |
|
507
Option Care Health
OPCH
$3.55B
| $14.3M | 0.05% |
483,422
+366,765
| +314% | +$10.4M |
|
508
Constellium
CSTM
$3.66B
| $14.3M | 0.05% |
614,097
+50,939
| +9% | +$1.02M |
|
|
ESC
509
DELISTED
EMERITUS CORP
ESC
| $14.3M | 0.05% |
660,411
+647,612
| +5,060% | +$13.3M |
|
510
Oracle
ORCL
$422B
| $14.3M | 0.05% |
373,005
-473,362
| -56% | -$16.3M |
|
|
HTWR
511
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
| $14.2M | 0.05% |
151,735
+22,804
| +18% | +$1.93M |
|
|
GDP
512
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $14.2M | 0.04% |
836,292
+539,213
| +182% | +$11.6M |
|
513
Booking.com
BKNG
$158B
| $14.2M | 0.04% |
306,000
-574,350
| -65% | -$25.6M |
|
514
Extreme Networks
EXTR
$3B
| $14.2M | 0.04% |
2,037,335
+164,854
| +9% | +$1.02M |
|
|
FSL
515
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
| $14.2M | 0.04% |
882,708
+383,571
| +77% | +$5.92M |
|
516
The Mosaic Company
MOS
$7.76B
| $14.1M | 0.04% |
+299,033
| New | +$13.9M |
|
|
WDR
517
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $14.1M | 0.04% |
+216,061
| New | +$13.2M |
|
|
OREX
518
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $14.1M | 0.04% |
249,901
+219,390
| +719% | +$12.3M |
|
|
TEN
519
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $14M | 0.04% |
247,822
+63,170
| +34% | +$3.44M |
|
|
EVHC
520
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $14M | 0.04% |
131,693
+33,550
| +34% | +$3.02M |
|
521
BJ's Restaurants
BJRI
$1.42B
| $13.9M | 0.04% |
448,522
+325,901
| +266% | +$9.37M |
|
|
ATML
522
DELISTED
ATMEL CORP
ATML
| $13.8M | 0.04% |
1,766,975
+422,715
| +31% | +$3.09M |
|
523
Crocs
CROX
$5.85B
| $13.7M | 0.04% |
859,044
+490,470
| +133% | +$6.53M |
|
524
ArcelorMittal
MT
$54.4B
| $13.7M | 0.04% |
334,887
-54,139
| -14% | -$2.01M |
|
|
AEL
525
DELISTED
American Equity Investment Life Holding Company
AEL
| $13.6M | 0.04% |
516,027
+223,557
| +76% | +$5.09M |
|
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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.