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 | |
|---|---|---|---|---|---|---|
|
NE
751
DELISTED
Noble Corporation
NE
| $9.5M | 0.03% |
289,962
-195,161
| -40% | -$6.48M |
|
752
TherapeuticsMD
TXMD
$24M
| $9.49M | 0.03% |
36,440
-1,190
| -3% | -$261K |
|
|
ARTC
753
DELISTED
ARTHROCARE CORP
ARTC
| $9.46M | 0.03% |
235,183
+208,617
| +785% | +$7.73M |
|
754
PUT
KB Home
KBH
$3.41B
| $9.44M | 0.03% |
516,600
+213,000
| +70% | +$3.66M |
|
755
Tanger
SKT
$4.47B
| $9.39M | 0.03% |
293,301
-239,029
| -45% | -$7.97M |
|
756
Intercontinental Exchange
ICE
$91.5B
| $9.38M | 0.03% |
208,595
-235,180
| -53% | -$9.68M |
|
757
ConocoPhillips
COP
$160B
| $9.36M | 0.03% |
132,536
-260,487
| -66% | -$18.7M |
|
758
Arrowhead Research
ARWR
$12.3B
| $9.36M | 0.03% |
862,859
+700,970
| +433% | +$5.6M |
|
759
Rigel Pharmaceuticals
RIGL
$843M
| $9.36M | 0.03% |
328,355
+39,283
| +14% | +$1.15M |
|
760
BHP
BHP
$247B
| $9.34M | 0.03% |
+161,908
| New | +$9.37M |
|
|
NXTM
761
DELISTED
NxStage Medical Inc.
NXTM
| $9.27M | 0.03% |
926,851
+159,786
| +21% | +$1.81M |
|
762
Clearway Energy Class C
CWEN
$6.63B
| $9.25M | 0.03% |
462,464
+108,386
| +31% | +$1.93M |
|
763
Quanta Services
PWR
$92.7B
| $9.25M | 0.03% |
293,018
+122,910
| +72% | +$3.61M |
|
|
ANR
764
DELISTED
Alpha Natural Resources Inc
ANR
| $9.23M | 0.03% |
1,292,318
+1,054,498
| +443% | +$7.12M |
|
|
ALXN
765
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $9.22M | 0.03% |
69,400
+3,400
| +5% | +$408K |
|
766
CALL
Amgen
AMGN
$240B
| $9.22M | 0.03% |
80,800
-37,000
| -31% | -$4.21M |
|
767
RenaissanceRe
RNR
$13.7B
| $9.21M | 0.03% |
94,658
-73,721
| -44% | -$6.87M |
|
|
FISV
768
Fiserv Inc
FISV
$28.2B
| $9.2M | 0.03% |
311,484
-42,724
| -12% | -$1.15M |
|
|
COL
769
DELISTED
Rockwell Collins
COL
| $9.19M | 0.03% |
+124,287
| New | +$8.83M |
|
|
VOLC
770
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $9.18M | 0.03% |
420,021
-233,259
| -36% | -$5.17M |
|
771
Nike
NKE
$60.5B
| $9.15M | 0.03% |
232,816
+128,318
| +123% | +$4.91M |
|
772
Equinor
EQNR
$101B
| $9.15M | 0.03% |
379,326
-429,511
| -53% | -$9.91M |
|
773
Bunge Global
BG
$21.2B
| $9.12M | 0.03% |
111,100
-136,450
| -55% | -$11M |
|
774
Berkshire Hathaway Class B
BRK.B
$1.08T
| $9.12M | 0.03% |
76,906
-64,394
| -46% | -$7.45M |
|
775
Ironwood Pharmaceuticals
IRWD
$682M
| $9.11M | 0.03% |
937,153
-1,027,536
| -52% | -$9.22M |
|
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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.