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 | |
|---|---|---|---|---|---|---|
601
PUT
American International
AIG
$39.8B
| $11.8M | 0.04% |
+231,900
| New | +$11.6M |
|
|
TIVO
602
DELISTED
TIVO INC
TIVO
| $11.8M | 0.04% |
902,033
-1,420,518
| -61% | -$18.4M |
|
|
CTRX
603
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $11.8M | 0.04% |
249,084
-280,332
| -53% | -$13.2M |
|
604
PUT
Terex
TEX
$7.6B
| $11.8M | 0.04% |
281,200
+178,200
| +173% | +$6.46M |
|
|
HAR
605
DELISTED
Harman International Industries
HAR
| $11.8M | 0.04% |
144,268
-78,500
| -35% | -$6.06M |
|
606
Viasat
VSAT
$10.3B
| $11.8M | 0.04% |
188,142
-44,479
| -19% | -$2.8M |
|
|
NVDQ
607
DELISTED
Novadaq Technologies Inc.
NVDQ
| $11.8M | 0.04% |
714,737
+377,673
| +112% | +$6.26M |
|
608
Helmerich & Payne
HP
$4.35B
| $11.8M | 0.04% |
+140,131
| New | +$10.9M |
|
609
PUT
Amazon
AMZN
$2.79T
| $11.8M | 0.04% |
+590,000
| New | +$10.6M |
|
610
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $11.7M | 0.04% |
146,840
-769
| -0.5% | -$61.8K |
|
|
THOR
611
DELISTED
THORATEC CORPORATION
THOR
| $11.7M | 0.04% |
319,928
-405,995
| -56% | -$15.9M |
|
612
Rockwell Automation
ROK
$48.5B
| $11.7M | 0.04% |
99,081
-7,709
| -7% | -$857K |
|
613
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $11.7M | 0.04% |
264,400
-589,600
| -69% | -$25.4M |
|
614
CALL
Bank of America
BAC
$431B
| $11.7M | 0.04% |
750,000
-83,800
| -10% | -$1.24M |
|
615
KB Home
KBH
$3.39B
| $11.7M | 0.04% |
637,717
-1,774,043
| -74% | -$30.5M |
|
|
FRX
616
DELISTED
FOREST LABORATORIES INC
FRX
| $11.7M | 0.04% |
194,073
-877,569
| -82% | -$44.2M |
|
|
ULTI
617
DELISTED
Ultimate Software Group Inc
ULTI
| $11.6M | 0.04% |
75,989
+30,952
| +69% | +$4.68M |
|
|
AL
618
DELISTED
Air Lease Corp
AL
| $11.6M | 0.04% |
374,527
+310,936
| +489% | +$9.49M |
|
|
AIV
619
Aimco
AIV
$381M
| $11.6M | 0.04% |
3,357,471
+2,471,105
| +279% | +$8.86M |
|
620
lululemon athletica
LULU
$13.7B
| $11.5M | 0.04% |
195,590
+165,190
| +543% | +$11.3M |
|
621
Kimberly-Clark
KMB
$36.4B
| $11.5M | 0.04% |
+115,208
| New | +$11.5M |
|
|
MNTA
622
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $11.5M | 0.04% |
651,355
+160,647
| +33% | +$2.7M |
|
623
American Eagle Outfitters
AEO
$2.71B
| $11.5M | 0.04% |
796,920
+236,912
| +42% | +$3.51M |
|
|
TFCFA
624
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $11.5M | 0.04% |
325,960
+288,204
| +763% | +$9.72M |
|
625
Hain Celestial
HAIN
$71.6M
| $11.4M | 0.04% |
252,212
+30,444
| +14% | +$1.26M |
|
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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.