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 | |
|---|---|---|---|---|---|---|
726
Crane NXT
CXT
$2.87B
| $9.83M | 0.03% |
420,774
+128,901
| +44% | +$2.83M |
|
727
LKQ Corp
LKQ
$6.51B
| $9.82M | 0.03% |
298,370
+263,736
| +761% | +$8.61M |
|
728
KeyCorp
KEY
$23.3B
| $9.8M | 0.03% |
730,523
+401,004
| +122% | +$5.08M |
|
729
Advanced Micro Devices
AMD
$746B
| $9.79M | 0.03% |
2,530,610
+499,685
| +25% | +$1.79M |
|
|
FINL
730
DELISTED
Finish Line
FINL
| $9.75M | 0.03% |
346,118
+108,547
| +46% | +$2.77M |
|
|
MTOR
731
DELISTED
MERITOR, Inc.
MTOR
| $9.75M | 0.03% |
934,637
+520,149
| +125% | +$4.06M |
|
732
AGNC Investment
AGNC
$13B
| $9.74M | 0.03% |
504,967
+37,996
| +8% | +$809K |
|
733
PUT
Commault Systems
CVLT
$5.43B
| $9.73M | 0.03% |
130,000
+103,800
| +396% | +$8.12M |
|
734
Enviri
NVRI
$595M
| $9.71M | 0.03% |
346,495
+72,916
| +27% | +$1.96M |
|
735
Chipotle Mexican Grill
CMG
$48.1B
| $9.7M | 0.03% |
910,150
-259,850
| -22% | -$2.64M |
|
|
PHH
736
DELISTED
PHH Corporation
PHH
| $9.69M | 0.03% |
397,738
-464,654
| -54% | -$11.2M |
|
737
CALL
ExxonMobil
XOM
$675B
| $9.68M | 0.03% |
95,600
-749,000
| -89% | -$69.3M |
|
738
Kratos Defense & Security Solutions
KTOS
$9.96B
| $9.66M | 0.03% |
1,257,976
-38,133
| -3% | -$287K |
|
|
AXLL
739
PUT
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $9.66M | 0.03% |
203,600
+78,000
| +62% | +$3.36M |
|
740
Mettler-Toledo International
MTD
$28B
| $9.65M | 0.03% |
+39,801
| New | +$9.72M |
|
741
Thomson Reuters
TRI
$47.1B
| $9.62M | 0.03% |
219,089
+152,601
| +230% | +$6.51M |
|
|
BRCM
742
CALL
DELISTED
BROADCOM CORP CL-A
BRCM
| $9.61M | 0.03% |
324,300
-8,900
| -3% | -$242K |
|
|
PVA
743
DELISTED
PENN VIRGINIA CORP
PVA
| $9.59M | 0.03% |
1,016,562
-915,721
| -47% | -$8.3M |
|
|
ATRS
744
DELISTED
Antares Pharma, Inc.
ATRS
| $9.58M | 0.03% |
2,143,399
+2,109,567
| +6,235% | +$8.6M |
|
745
Community Health Systems
CYH
$424M
| $9.57M | 0.03% |
294,901
+9,336
| +3% | +$321K |
|
746
United Fire Group
UFCS
$1.39B
| $9.56M | 0.03% |
333,750
-31,453
| -9% | -$940K |
|
747
Glacier Bancorp
GBCI
$6.09B
| $9.56M | 0.03% |
320,790
+111,070
| +53% | +$3.1M |
|
|
SYT
748
DELISTED
Syngenta Ag
SYT
| $9.55M | 0.03% |
119,429
+35,726
| +43% | +$2.82M |
|
|
VAL
749
DELISTED
Valspar
VAL
| $9.53M | 0.03% |
133,635
-123,631
| -48% | -$8.57M |
|
750
PUT
Occidental Petroleum
OXY
$60.1B
| $9.5M | 0.03% |
104,273
+101,768
| +4,063% | +$9.29M |
|
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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.