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 | |
|---|---|---|---|---|---|---|
676
Brunswick
BC
$5.26B
| $10.5M | 0.03% |
228,782
+99,052
| +76% | +$4.4M |
|
677
CALL
Constellation Brands
STZ
$23.5B
| $10.5M | 0.03% |
149,100
+86,000
| +136% | +$5.75M |
|
678
Blackrock
BLK
$182B
| $10.5M | 0.03% |
33,149
+30,049
| +969% | +$8.97M |
|
|
ECHO
679
EchoStar
ECHO
$24.8B
| $10.5M | 0.03% |
260,343
-27,083
| -9% | -$1.06M |
|
680
Radian Group
RDN
$4.86B
| $10.5M | 0.03% |
741,907
-165,742
| -18% | -$2.32M |
|
681
International Paper
IP
$21.7B
| $10.5M | 0.03% |
228,671
-152,578
| -40% | -$6.53M |
|
682
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $10.4M | 0.03% |
250,000
-427,500
| -63% | -$17.9M |
|
|
ZGNX
683
DELISTED
Zogenix, Inc.
ZGNX
| $10.4M | 0.03% |
379,384
+356,136
| +1,532% | +$7.98M |
|
|
BRCD
684
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $10.4M | 0.03% |
1,177,142
+333,858
| +40% | +$2.78M |
|
685
Weyerhaeuser
WY
$17.6B
| $10.4M | 0.03% |
330,309
+281,939
| +583% | +$8.44M |
|
686
Archer Daniels Midland
ADM
$37.7B
| $10.4M | 0.03% |
240,263
-420,815
| -64% | -$17M |
|
687
WEX
WEX
$6.93B
| $10.4M | 0.03% |
105,117
+4,091
| +4% | +$384K |
|
|
ATW
688
DELISTED
Atwood Oceanics
ATW
| $10.4M | 0.03% |
194,986
+52,259
| +37% | +$2.82M |
|
|
ODP
689
DELISTED
ODP
ODP
| $10.4M | 0.03% |
196,671
+141,671
| +258% | +$7.5M |
|
|
CVA
690
DELISTED
Covanta Holding Corporation
CVA
| $10.4M | 0.03% |
584,176
-948,109
| -62% | -$17.5M |
|
691
Prosperity Bancshares
PB
$8.74B
| $10.3M | 0.03% |
+163,238
| New | +$10.3M |
|
692
Public Service Enterprise Group
PEG
$36.6B
| $10.3M | 0.03% |
+322,847
| New | +$10.7M |
|
|
QGENF
693
DELISTED
QIAGEN NV
QGENF
| $10.3M | 0.03% |
+434,123
| New | +$10.3M |
|
694
VeriSign
VRSN
$26.3B
| $10.3M | 0.03% |
172,800
-183,631
| -52% | -$10.1M |
|
|
CHMT
695
DELISTED
Chemtura Corporation
CHMT
| $10.3M | 0.03% |
369,189
-245,201
| -40% | -$6.14M |
|
|
LVLT
696
DELISTED
Level 3 Communications Inc
LVLT
| $10.3M | 0.03% |
310,486
-23,863
| -7% | -$703K |
|
697
Cenovus Energy
CVE
$59.3B
| $10.3M | 0.03% |
359,443
+325,912
| +972% | +$9.49M |
|
|
ALR
698
DELISTED
Alere Inc
ALR
| $10.3M | 0.03% |
284,260
-32,665
| -10% | -$1.08M |
|
699
Broadcom
AVGO
$1.71T
| $10.3M | 0.03% |
1,945,260
-282,810
| -13% | -$1.3M |
|
700
Travelers Companies
TRV
$77.3B
| $10.3M | 0.03% |
113,252
-19,238
| -15% | -$1.68M |
|
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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.