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 | |
|---|---|---|---|---|---|---|
701
Essex Property Trust
ESS
$18.9B
| $10.2M | 0.03% |
71,396
+46,735
| +190% | +$7.18M |
|
|
SCG
702
DELISTED
Scana
SCG
| $10.2M | 0.03% |
218,226
-90,370
| -29% | -$4.23M |
|
|
JNPR
703
CALL
DELISTED
Juniper Networks
JNPR
| $10.2M | 0.03% |
453,700
+294,200
| +184% | +$5.97M |
|
|
TVTY
704
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $10.2M | 0.03% |
666,520
-21,805
| -3% | -$309K |
|
|
PPLI
705
People Inc
PPLI
$2.89B
| $10.2M | 0.03% |
833,643
+54,919
| +7% | +$566K |
|
|
CVC
706
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $10.2M | 0.03% |
570,321
-1,324,804
| -70% | -$21.4M |
|
707
Goodyear
GT
$1.73B
| $10.2M | 0.03% |
428,582
-364,346
| -46% | -$8.06M |
|
708
Equifax
EFX
$22.9B
| $10.2M | 0.03% |
147,806
-437,281
| -75% | -$28.4M |
|
|
RBS.PRM
709
DELISTED
ROYAL BK SCOTLAND PLC SPONS ADR SER M REPSTG (UK)
RBS.PRM
| $10.2M | 0.03% |
486,245
-243,580
| -33% | -$5.16M |
|
710
Trinity Industries
TRN
$2.37B
| $10.2M | 0.03% |
+517,300
| New | +$9.38M |
|
711
Highwoods Properties
HIW
$3.5B
| $10.1M | 0.03% |
+279,667
| New | +$10.2M |
|
|
GLOG
712
DELISTED
GASLOG LTD
GLOG
| $10.1M | 0.03% |
588,123
-92,619
| -14% | -$1.43M |
|
|
KATE
713
DELISTED
Kate Spade & Company
KATE
| $10M | 0.03% |
313,215
+264,477
| +543% | +$7.8M |
|
714
FerroAtlántica
GSM
$757M
| $10M | 0.03% |
556,127
+52,690
| +10% | +$907K |
|
|
VRNG
715
DELISTED
VRINGO, INC COM STK NEW (DE)
VRNG
| $10M | 0.03% |
337,975
+3,264
| +1% | +$95.3K |
|
|
ARIA
716
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $10M | 0.03% |
1,466,784
+784,015
| +115% | +$4.23M |
|
717
Essent Group
ESNT
$6.15B
| $9.98M | 0.03% |
+414,654
| New | +$9.1M |
|
|
PLPM
718
DELISTED
Planet Payment, Inc
PLPM
| $9.98M | 0.03% |
3,588,499
-12,870
| -0.4% | -$32.2K |
|
719
Lear
LEA
$8.18B
| $9.93M | 0.03% |
122,677
-57,103
| -32% | -$4.47M |
|
720
CACI
CACI
$14.1B
| $9.91M | 0.03% |
135,378
+109,068
| +415% | +$7.73M |
|
|
ANSS
721
DELISTED
Ansys
ANSS
| $9.91M | 0.03% |
113,606
+4,484
| +4% | +$385K |
|
722
Analog Devices
ADI
$181B
| $9.9M | 0.03% |
194,401
-396,988
| -67% | -$19.3M |
|
723
T-Mobile US
TMUS
$196B
| $9.9M | 0.03% |
294,314
+63,344
| +27% | +$1.74M |
|
724
Madison Square Garden
MSGS
$9.69B
| $9.88M | 0.03% |
240,458
+44,179
| +23% | +$1.8M |
|
725
Marriott Vacations Worldwide
VAC
$3.93B
| $9.87M | 0.03% |
187,141
+21,737
| +13% | +$1.09M |
|
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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.