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 | |
|---|---|---|---|---|---|---|
576
PUT
D.R. Horton
DHI
$41.5B
| $12.3M | 0.04% |
551,900
+251,200
| +84% | +$4.85M |
|
|
ACC
577
DELISTED
American Campus Communities, Inc.
ACC
| $12.3M | 0.04% |
382,385
+174,278
| +84% | +$5.85M |
|
578
Alcoa
AA
$13.7B
| $12.3M | 0.04% |
480,459
-346,244
| -42% | -$7.68M |
|
579
CALL
Oracle
ORCL
$422B
| $12.3M | 0.04% |
320,700
-2,400
| -0.7% | -$82.5K |
|
|
PNK
580
DELISTED
Pinnacle Entertainment Inc.
PNK
| $12.3M | 0.04% |
471,649
+103,167
| +28% | +$2.52M |
|
|
XOMA
581
DELISTED
Xoma
XOMA
| $12.2M | 0.04% |
90,992
+81,994
| +911% | +$8.26M |
|
582
Voya Financial
VOYA
$8.86B
| $12.2M | 0.04% |
+348,190
| New | +$11.5M |
|
|
BECN
583
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $12.2M | 0.04% |
303,237
+270,638
| +830% | +$9.82M |
|
|
QLIK
584
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $12.2M | 0.04% |
458,059
-164,159
| -26% | -$4.53M |
|
|
TBI
585
Trueblue
TBI
$323M
| $12.1M | 0.04% |
471,034
+238,641
| +103% | +$5.96M |
|
|
LUMO
586
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
| $12.1M | 0.04% |
61,301
+17,813
| +41% | +$3.17M |
|
587
CALL
United Rentals
URI
$68.4B
| $12.1M | 0.04% |
155,500
+64,300
| +71% | +$4.31M |
|
588
Toyota
TM
$234B
| $12.1M | 0.04% |
+99,251
| New | +$12.5M |
|
589
Innoviva
INVA
$1.52B
| $12.1M | 0.04% |
420,591
+34,295
| +9% | +$1M |
|
590
Avery Dennison
AVY
$13.9B
| $12.1M | 0.04% |
240,694
-31,020
| -11% | -$1.46M |
|
591
OFG Bancorp
OFG
$2.21B
| $12.1M | 0.04% |
696,454
+230,164
| +49% | +$3.73M |
|
|
CLVS
592
DELISTED
Clovis Oncology, Inc.
CLVS
| $12.1M | 0.04% |
200,135
+145,065
| +263% | +$7.89M |
|
593
Repligen
RGEN
$10.2B
| $12.1M | 0.04% |
883,459
+139,595
| +19% | +$1.67M |
|
594
Marriott International
MAR
$92.9B
| $12M | 0.04% |
243,763
-559,073
| -70% | -$25.5M |
|
595
CALL
CenterPoint Energy
CNP
$25.5B
| $12M | 0.04% |
517,100
+149,700
| +41% | +$3.59M |
|
|
CNW
596
DELISTED
CON-WAY INC.
CNW
| $12M | 0.04% |
301,616
+170,978
| +131% | +$7.17M |
|
|
ALE
597
DELISTED
Allete
ALE
| $12M | 0.04% |
239,997
+97,040
| +68% | +$4.81M |
|
598
Stryker
SYK
$126B
| $12M | 0.04% |
159,200
+37,113
| +30% | +$2.71M |
|
|
ASNA
599
DELISTED
Ascena Retail Group, Inc.
ASNA
| $11.9M | 0.04% |
28,218
+16,474
| +140% | +$6.73M |
|
600
Vale
VALE
$62.1B
| $11.9M | 0.04% |
778,626
+23,289
| +3% | +$362K |
|
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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.