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 | |
|---|---|---|---|---|---|---|
776
PRA Group
PRAA
$759M
| $9.06M | 0.03% |
171,410
+163,484
| +2,063% | +$9.29M |
|
777
Leggett & Platt
LEG
$1.28B
| $9.05M | 0.03% |
292,666
+63,937
| +28% | +$1.9M |
|
|
KYTH
778
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $9.05M | 0.03% |
242,229
+78,637
| +48% | +$3.26M |
|
779
Caterpillar
CAT
$373B
| $9.02M | 0.03% |
+99,277
| New | +$8.48M |
|
780
eBay
EBAY
$47.7B
| $9M | 0.03% |
389,951
+216,812
| +125% | +$4.8M |
|
781
Constellation Brands
STZ
$23.5B
| $8.99M | 0.03% |
127,801
-16,293
| -11% | -$1.09M |
|
|
LXK
782
DELISTED
Lexmark Intl Inc
LXK
| $8.99M | 0.03% |
253,221
-43,517
| -15% | -$1.53M |
|
|
INN
783
Summit Hotel Properties
INN
$662M
| $8.99M | 0.03% |
999,253
+379,473
| +61% | +$3.42M |
|
|
CHK
784
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $8.97M | 0.03% |
1,746
+128
| +8% | +$650K |
|
785
Aramark
ARMK
$15.6B
| $8.96M | 0.03% |
+473,477
| New | +$8.35M |
|
786
Post Holdings
POST
$3.73B
| $8.96M | 0.03% |
277,965
+31,448
| +13% | +$926K |
|
787
PUT
Philip Morris
PM
$298B
| $8.9M | 0.03% |
102,200
+99,600
| +3,831% | +$8.7M |
|
788
Rambus
RMBS
$9.44B
| $8.89M | 0.03% |
938,842
+789,061
| +527% | +$7.11M |
|
|
789
CALL
Philip Morris
PM
$298B
| $8.89M | 0.03% |
+102,000
| New | +$8.91M |
|
|
KCG
790
DELISTED
KCG Holdings, Inc.
KCG
| $8.89M | 0.03% |
742,950
+717,337
| +2,801% | +$7.28M |
|
|
SGNT
791
DELISTED
SAGENT PHARMACEUTICALS INC COM STK (DE)
SGNT
| $8.89M | 0.03% |
350,136
-145,481
| -29% | -$3.29M |
|
|
AVNR
792
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
| $8.87M | 0.03% |
2,638,755
+2,220,235
| +530% | +$9.17M |
|
793
Target
TGT
$77.2B
| $8.82M | 0.03% |
139,415
-1,129
| -0.8% | -$72.2K |
|
794
Yum! Brands
YUM
$42.9B
| $8.8M | 0.03% |
161,879
+70,386
| +77% | +$3.62M |
|
795
PUT
Home Depot
HD
$336B
| $8.79M | 0.03% |
+106,800
| New | +$8.32M |
|
|
APOL
796
DELISTED
Apollo Education Group Inc Class A
APOL
| $8.78M | 0.03% |
321,200
-52,362
| -14% | -$1.3M |
|
797
Wintrust Financial
WTFC
$10.3B
| $8.77M | 0.03% |
190,237
+178,523
| +1,524% | +$7.9M |
|
798
Cemex
CX
$15.9B
| $8.77M | 0.03% |
866,926
-663,808
| -43% | -$6.23M |
|
799
CALL
Kinross Gold
KGC
$39.1B
| $8.76M | 0.03% |
+2,000,000
| New | +$9.54M |
|
|
PTR
800
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $8.72M | 0.03% |
79,450
+7,319
| +10% | +$837K |
|
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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.