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 | |
|---|---|---|---|---|---|---|
801
Carpenter Technology
CRS
$23.6B
| $8.7M | 0.03% |
139,842
+96,797
| +225% | +$5.86M |
|
|
STJ
802
PUT
DELISTED
St Jude Medical
STJ
| $8.7M | 0.03% |
140,400
+127,700
| +1,006% | +$7.39M |
|
|
GG
803
PUT
DELISTED
Goldcorp Inc
GG
| $8.69M | 0.03% |
401,000
+263,500
| +192% | +$6.19M |
|
804
UMB Financial
UMBF
$10.9B
| $8.69M | 0.03% |
135,177
-23,178
| -15% | -$1.41M |
|
805
Designer Brands
DBI
$297M
| $8.69M | 0.03% |
203,253
+17,351
| +9% | +$753K |
|
806
Infosys
INFY
$47.9B
| $8.66M | 0.03% |
1,224,216
-1,744,152
| -59% | -$11.7M |
|
|
XL
807
DELISTED
XL Group Ltd.
XL
| $8.66M | 0.03% |
272,023
-233,498
| -46% | -$7.27M |
|
|
CA
808
DELISTED
CA, Inc.
CA
| $8.65M | 0.03% |
257,154
+187,917
| +271% | +$5.96M |
|
|
809
PUT
Gilead Sciences
GILD
$182B
| $8.64M | 0.03% |
+115,000
| New | +$8.01M |
|
|
RAX
810
CALL
DELISTED
Rackspace Hosting Inc
RAX
| $8.55M | 0.03% |
218,600
+28,800
| +15% | +$1.25M |
|
|
FMER
811
DELISTED
FIRSTMERIT CORP
FMER
| $8.55M | 0.03% |
+384,495
| New | +$8.64M |
|
|
AUY
812
DELISTED
Yamana Gold, Inc.
AUY
| $8.5M | 0.03% |
986,240
+916,442
| +1,313% | +$8.46M |
|
|
BTU
813
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $8.5M | 0.03% |
29,012
+18,779
| +184% | +$5.3M |
|
814
CVR Energy
CVI
$3.82B
| $8.49M | 0.03% |
195,436
+180,256
| +1,187% | +$6.99M |
|
|
BV
815
DELISTED
Bazaarvoice, Inc.
BV
| $8.47M | 0.03% |
1,069,467
+565,424
| +112% | +$4.94M |
|
|
BWLD
816
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $8.47M | 0.03% |
57,513
+54,291
| +1,685% | +$7.47M |
|
817
AXIS Capital
AXS
$7.25B
| $8.46M | 0.03% |
177,806
-580,942
| -77% | -$27.4M |
|
818
United Rentals
URI
$67.4B
| $8.45M | 0.03% |
108,425
-223,855
| -67% | -$15M |
|
819
Arrow Electronics
ARW
$10.3B
| $8.45M | 0.03% |
155,727
+111,008
| +248% | +$5.64M |
|
820
Boyd Gaming
BYD
$5.89B
| $8.44M | 0.03% |
749,649
+384,325
| +105% | +$4.54M |
|
821
CALL
AbbVie
ABBV
$467B
| $8.43M | 0.03% |
+159,700
| New | +$7.85M |
|
|
VER
822
DELISTED
VEREIT, Inc.
VER
| $8.43M | 0.03% |
131,255
+66,473
| +103% | +$4.3M |
|
|
FITB
823
PUT
Fifth Third Bancorp
FITB
$49.8B
| $8.42M | 0.03% |
+400,400
| New | +$7.85M |
|
824
Methode Electronics
MEI
$498M
| $8.39M | 0.03% |
245,437
+166,444
| +211% | +$4.82M |
|
825
Alaska Air
ALK
$4.64B
| $8.38M | 0.03% |
228,406
+57,212
| +33% | +$2.03M |
|
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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.