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 | |
|---|---|---|---|---|---|---|
901
Maximus
MMS
$3.05B
| $7.43M | 0.02% |
168,877
+134,880
| +397% | +$6.21M |
|
|
SWN
902
PUT
DELISTED
Southwestern Energy Company
SWN
| $7.43M | 0.02% |
+188,800
| New | +$7.09M |
|
|
TMH
903
DELISTED
Team Health Holdings Inc
TMH
| $7.42M | 0.02% |
162,950
-150,612
| -48% | -$6.7M |
|
904
National Health Investors
NHI
$3.59B
| $7.4M | 0.02% |
+131,844
| New | +$7.84M |
|
905
DexCom
DXCM
$34.4B
| $7.39M | 0.02% |
834,792
-403,208
| -33% | -$3.19M |
|
|
VAR
906
DELISTED
Varian Medical Systems, Inc.
VAR
| $7.38M | 0.02% |
108,272
-45,455
| -30% | -$3.03M |
|
|
FITB
907
CALL
Fifth Third Bancorp
FITB
$49.8B
| $7.36M | 0.02% |
+350,000
| New | +$6.86M |
|
|
EA
908
DELISTED
Electronic Arts
EA
| $7.36M | 0.02% |
320,728
-1,879,172
| -85% | -$45.1M |
|
|
POT
909
DELISTED
Potash Corp Of Saskatchewan
POT
| $7.36M | 0.02% |
223,215
+164,861
| +283% | +$5.25M |
|
910
CALL
Goodyear
GT
$1.73B
| $7.35M | 0.02% |
+308,200
| New | +$6.82M |
|
911
Cogent Communications
CCOI
$486M
| $7.31M | 0.02% |
180,813
-108,731
| -38% | -$3.96M |
|
|
ACOR
912
DELISTED
Acorda Therapeutics
ACOR
| $7.29M | 0.02% |
2,081
+1,291
| +163% | +$5.03M |
|
|
MR
913
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $7.26M | 0.02% |
199,812
+26,392
| +15% | +$1.03M |
|
914
Hilltop Holdings
HTH
$2.22B
| $7.24M | 0.02% |
313,188
+203,060
| +184% | +$4.14M |
|
915
Idexx Laboratories
IDXX
$44.1B
| $7.23M | 0.02% |
+136,020
| New | +$7.16M |
|
|
CTB
916
CALL
DELISTED
Cooper Tire & Rubber Co.
CTB
| $7.21M | 0.02% |
300,000
-190,200
| -39% | -$4.71M |
|
917
Teleflex
TFX
$5.86B
| $7.18M | 0.02% |
76,549
+39,036
| +104% | +$3.58M |
|
918
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $7.17M | 0.02% |
373,856
+8,411
| +2% | +$155K |
|
|
ALR
919
PUT
DELISTED
Alere Inc
ALR
| $7.16M | 0.02% |
+327,600
| New | +$10.9M |
|
920
Caleres
CAL
$459M
| $7.15M | 0.02% |
254,094
+191,299
| +305% | +$4.68M |
|
921
Cencora
COR
$61.8B
| $7.14M | 0.02% |
+101,562
| New | +$6.82M |
|
|
POT
922
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $7.13M | 0.02% |
+216,200
| New | +$6.89M |
|
|
NE
923
CALL
DELISTED
Noble Corporation
NE
| $7.12M | 0.02% |
217,246
+99,986
| +85% | +$3.32M |
|
924
Polaris
PII
$3.66B
| $7.11M | 0.02% |
48,841
-31,584
| -39% | -$4.23M |
|
925
Ovintiv
OVV
$18.2B
| $7.11M | 0.02% |
78,727
-139,665
| -64% | -$12.7M |
|
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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.