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 | |
|---|---|---|---|---|---|---|
526
Exelon
EXC
$45.1B
| $13.6M | 0.04% |
695,378
+669,256
| +2,562% | +$13.5M |
|
|
XLS
527
DELISTED
EXELIS INC COM STK
XLS
| $13.5M | 0.04% |
759,460
+370,513
| +95% | +$5.9M |
|
528
Kimco Realty
KIM
$16.1B
| $13.4M | 0.04% |
680,355
-417,025
| -38% | -$8.62M |
|
529
Nokia
NOK
$57B
| $13.4M | 0.04% |
1,650,661
-956,895
| -37% | -$7.19M |
|
530
Ericsson
ERIC
$33.5B
| $13.3M | 0.04% |
1,090,661
-339,604
| -24% | -$4.22M |
|
531
Fidelity National Information Services
FIS
$21.3B
| $13.3M | 0.04% |
248,415
+63,709
| +34% | +$3.14M |
|
532
Cousins Properties
CUZ
$4.89B
| $13.3M | 0.04% |
456,984
+447,724
| +4,835% | +$13.5M |
|
533
Macy's
M
$6B
| $13.3M | 0.04% |
248,682
-241,732
| -49% | -$11.7M |
|
534
Golar LNG
GLNG
$5.31B
| $13.3M | 0.04% |
365,697
+205,055
| +128% | +$7.51M |
|
|
TIBX
535
DELISTED
TIBCO SOFTWARE INC
TIBX
| $13.3M | 0.04% |
589,641
-234,061
| -28% | -$5.73M |
|
536
Nasdaq
NDAQ
$54.9B
| $13.2M | 0.04% |
995,139
+783,639
| +371% | +$9.58M |
|
537
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $13.2M | 0.04% |
177,200
+56,200
| +46% | +$3.91M |
|
538
Texas Capital Bancshares
TCBI
$4.27B
| $13.1M | 0.04% |
211,230
-15,515
| -7% | -$827K |
|
539
Pultegroup
PHM
$24.6B
| $13.1M | 0.04% |
644,222
-819,965
| -56% | -$14.5M |
|
540
Bio-Rad Laboratories Class A
BIO
$10.2B
| $13.1M | 0.04% |
105,687
+72,043
| +214% | +$8.78M |
|
541
Chord Energy
CHRD
$8.09B
| $13M | 0.04% |
277,237
+260,006
| +1,509% | +$12.9M |
|
542
Textron
TXT
$14.3B
| $13M | 0.04% |
354,081
+42,187
| +14% | +$1.3M |
|
543
Colgate-Palmolive
CL
$72.6B
| $13M | 0.04% |
199,440
+129,535
| +185% | +$8.29M |
|
|
B
544
CALL
Barrick Mining
B
$78.3B
| $13M | 0.04% |
736,200
+199,500
| +37% | +$3.52M |
|
|
GNC
545
DELISTED
GNC Holdings, Inc.
GNC
| $13M | 0.04% |
+221,836
| New | +$12.8M |
|
|
PRXL
546
DELISTED
Parexel International Corp
PRXL
| $12.9M | 0.04% |
286,498
+246,697
| +620% | +$11.3M |
|
|
ATHL
547
DELISTED
ATHLON ENERGY INC COM
ATHL
| $12.9M | 0.04% |
427,903
-83,252
| -16% | -$2.64M |
|
548
PENN Entertainment
PENN
$2.5B
| $12.9M | 0.04% |
898,479
-1,522,623
| -63% | -$20.9M |
|
549
Honeywell
HON
$68.4B
| $12.9M | 0.04% |
156,711
-320,194
| -67% | -$25M |
|
|
BCR
550
DELISTED
CR Bard Inc.
BCR
| $12.9M | 0.04% |
96,035
+78,877
| +460% | +$10.4M |
|
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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.