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 | |
|---|---|---|---|---|---|---|
|
PDS
951
Precision Drilling
PDS
$1.13B
| $6.82M | 0.02% |
36,409
+24,146
| +197% | +$4.74M |
|
|
SVC
952
Service Properties Trust
SVC
$1.04B
| $6.82M | 0.02% |
+50,811
| New | +$7.07M |
|
|
BIG
953
DELISTED
Big Lots, Inc.
BIG
| $6.81M | 0.02% |
210,793
+171,548
| +437% | +$6.1M |
|
954
PVH
PVH
$3.55B
| $6.78M | 0.02% |
49,851
-91,992
| -65% | -$11.7M |
|
|
HIMX
955
Himax Technologies
HIMX
$2.34B
| $6.78M | 0.02% |
460,875
-116,874
| -20% | -$1.24M |
|
956
CALL
Edwards Lifesciences
EW
$52.2B
| $6.77M | 0.02% |
618,000
-517,200
| -46% | -$5.83M |
|
957
Omeros
OMER
$1.4B
| $6.75M | 0.02% |
598,133
-56,579
| -9% | -$546K |
|
958
CALL
Intercontinental Exchange
ICE
$91.5B
| $6.75M | 0.02% |
+150,000
| New | +$6.18M |
|
|
959
PUT
Intercontinental Exchange
ICE
$91.5B
| $6.75M | 0.02% |
+150,000
| New | +$6.18M |
|
960
PUT
VanEck Oil Services ETF
OIH
$1.94B
| $6.74M | 0.02% |
7,010
-18,225
| -72% | -$17.7M |
|
|
XNPT
961
DELISTED
XENOPORT, INC.
XNPT
| $6.73M | 0.02% |
1,170,767
+386,866
| +49% | +$2.09M |
|
962
Standard BioTools
LAB
$255M
| $6.73M | 0.02% |
175,695
+43,759
| +33% | +$1.29M |
|
|
ARG
963
DELISTED
Airgas Inc
ARG
| $6.7M | 0.02% |
59,889
+39,961
| +201% | +$4.35M |
|
964
Prospect Capital
PSEC
$1.16B
| $6.66M | 0.02% |
593,811
+558,650
| +1,589% | +$6.29M |
|
|
PEGI
965
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $6.64M | 0.02% |
+219,229
| New | +$5.45M |
|
|
AVP
966
DELISTED
Avon Products, Inc.
AVP
| $6.61M | 0.02% |
383,681
+20,960
| +6% | +$392K |
|
967
Sensata Technologies
ST
$6.11B
| $6.59M | 0.02% |
170,061
-6,061
| -3% | -$232K |
|
|
MFA
968
MFA Financial
MFA
$904M
| $6.58M | 0.02% |
232,950
-51,086
| -18% | -$1.5M |
|
|
ARUN
969
DELISTED
ARUBA NETWORKS, INC.
ARUN
| $6.57M | 0.02% |
367,251
-261,129
| -42% | -$4.7M |
|
|
GRA
970
DELISTED
W.R. Grace & Co.
GRA
| $6.56M | 0.02% |
66,371
+49,962
| +304% | +$4.65M |
|
|
MDP
971
DELISTED
Meredith Corporation
MDP
| $6.52M | 0.02% |
+125,804
| New | +$6.42M |
|
972
Transocean
RIG
$6.44B
| $6.51M | 0.02% |
131,711
+93,364
| +243% | +$4.57M |
|
|
SCS
973
DELISTED
Steelcase
SCS
| $6.49M | 0.02% |
+409,454
| New | +$6.52M |
|
|
NSM
974
PUT
DELISTED
Nationstar Mortgage Holdings
NSM
| $6.47M | 0.02% |
175,200
+167,400
| +2,146% | +$7.5M |
|
975
Tandem Diabetes Care
TNDM
$1.55B
| $6.47M | 0.02% |
+25,119
| New | +$5.75M |
|
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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.