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 | |
|---|---|---|---|---|---|---|
51
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $80.9M | 0.26% |
+701,000
| New | +$77.4M |
|
52
Marathon Petroleum
MPC
$101B
| $78.4M | 0.25% |
1,710,374
+1,383,730
| +424% | +$53.2M |
|
53
Incyte
INCY
$25.9B
| $78.4M | 0.25% |
1,547,936
+341,331
| +28% | +$14.9M |
|
|
LIFE
54
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
| $77.1M | 0.24% |
1,016,542
-141,775
| -12% | -$10.7M |
|
55
Las Vegas Sands
LVS
$30.5B
| $76.6M | 0.24% |
971,646
+392,872
| +68% | +$28.3M |
|
56
Illumina
ILMN
$33.1B
| $75.8M | 0.24% |
704,705
+481,756
| +216% | +$44.1M |
|
57
Portland General Electric
POR
$5.83B
| $75.7M | 0.24% |
2,507,484
+38,820
| +2% | +$1.14M |
|
|
SEMG
58
DELISTED
SEMGROUP CORPORATION
SEMG
| $75.5M | 0.24% |
1,157,832
+333,603
| +40% | +$20M |
|
|
YHOO
59
DELISTED
Yahoo Inc
YHOO
| $74.5M | 0.24% |
1,841,743
+638,014
| +53% | +$22.9M |
|
60
Darden Restaurants
DRI
$25.2B
| $72.5M | 0.23% |
1,492,637
| – | – |
|
61
Accenture
ACN
$113B
| $72.5M | 0.23% |
881,231
+522,396
| +146% | +$39.5M |
|
62
Sysco
SYY
$40.2B
| $72.1M | 0.23% |
1,998,321
+1,649,933
| +474% | +$55.8M |
|
63
Regions Financial
RF
$25.9B
| $71.9M | 0.23% |
7,269,584
+4,207,908
| +137% | +$40.5M |
|
64
CME Group
CME
$98.9B
| $71.2M | 0.22% |
907,666
+288,457
| +47% | +$22.6M |
|
65
Ross Stores
ROST
$76.7B
| $71.2M | 0.22% |
1,900,058
-89,830
| -5% | -$3.37M |
|
66
McDonald's
MCD
$192B
| $70.5M | 0.22% |
726,411
+37,297
| +5% | +$3.58M |
|
|
PXD
67
DELISTED
Pioneer Natural Resource Co.
PXD
| $69.7M | 0.22% |
378,788
-230,892
| -38% | -$44.5M |
|
|
SINA
68
DELISTED
Sina Corp
SINA
| $68.8M | 0.22% |
816,358
-73,379
| -8% | -$6M |
|
69
CenterPoint Energy
CNP
$25.5B
| $68.7M | 0.22% |
2,962,948
+1,005,238
| +51% | +$24.1M |
|
70
Huntsman Corp
HUN
$1.75B
| $68.1M | 0.21% |
2,767,618
+1,092,390
| +65% | +$24.9M |
|
|
FITB
71
Fifth Third Bancorp
FITB
$49.7B
| $67.3M | 0.21% |
3,200,637
+116,265
| +4% | +$2.28M |
|
72
BioMarin Pharmaceuticals
BMRN
$12.9B
| $66.7M | 0.21% |
948,330
+893,522
| +1,630% | +$60.7M |
|
73
Abbott
ABT
$202B
| $66.5M | 0.21% |
1,735,125
-159,393
| -8% | -$5.88M |
|
74
Biogen
BIIB
$32B
| $66.5M | 0.21% |
237,719
+222,881
| +1,502% | +$57.6M |
|
|
GRFS
75
Grifois
GRFS
$5.44B
| $66M | 0.21% |
3,652,274
-1,388,032
| -28% | -$22.3M |
|
Similar funds
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.