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 | |
|---|---|---|---|---|---|---|
|
TGNA
1026
DELISTED
TEGNA Inc
TGNA
| $6.03M | 0.02% |
389,734
+231,500
| +146% | +$3.27M |
|
1027
Archrock
AROC
$5.38B
| $6.03M | 0.02% |
176,245
+4,211
| +2% | +$130K |
|
1028
CALL
UGI
UGI
$8.19B
| $6.02M | 0.02% |
217,800
-63,750
| -23% | -$1.72M |
|
|
GIVN
1029
CALL
DELISTED
GIVEN IMAGING LTD
GIVN
| $6.02M | 0.02% |
+200,000
| New | +$4.68M |
|
1030
MidCap Financial Investment
MFIC
$801M
| $6.01M | 0.02% |
236,243
+193,383
| +451% | +$4.97M |
|
1031
A.O. Smith
AOS
$8.52B
| $5.97M | 0.02% |
221,192
+200,906
| +990% | +$5.15M |
|
1032
CALL
Cleveland-Cliffs
CLF
$6.45B
| $5.94M | 0.02% |
226,800
+141,400
| +166% | +$3.49M |
|
1033
PUT
ResMed
RMD
$33.5B
| $5.94M | 0.02% |
126,100
+8,100
| +7% | +$410K |
|
|
CBI
1034
DELISTED
Chicago Bridge & Iron Nv
CBI
| $5.92M | 0.02% |
71,259
+27,859
| +64% | +$2.11M |
|
1035
PUT
HP
HPQ
$26.1B
| $5.92M | 0.02% |
+466,163
| New | +$5.35M |
|
|
ZLC
1036
DELISTED
ZALE CORPORATION
ZLC
| $5.92M | 0.02% |
375,338
+223,270
| +147% | +$3.38M |
|
1037
PUT
Las Vegas Sands
LVS
$30.4B
| $5.92M | 0.02% |
75,000
-100,600
| -57% | -$7.24M |
|
1038
Worthington Enterprises
WOR
$2.78B
| $5.9M | 0.02% |
227,325
+67,002
| +42% | +$1.66M |
|
1039
GSI Technology
GSIT
$220M
| $5.89M | 0.02% |
887,471
+37,054
| +4% | +$250K |
|
|
HMSY
1040
DELISTED
HMS Holdings Corp.
HMSY
| $5.89M | 0.02% |
259,605
-9,559
| -4% | -$207K |
|
|
HMSY
1041
PUT
DELISTED
HMS Holdings Corp.
HMSY
| $5.89M | 0.02% |
+259,600
| New | +$5.62M |
|
1042
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $5.89M | 0.02% |
112,718
+20,318
| +22% | +$999K |
|
1043
PUT
Boeing
BA
$166B
| $5.88M | 0.02% |
43,100
-4,600
| -10% | -$598K |
|
1044
Harley-Davidson
HOG
$2.94B
| $5.87M | 0.02% |
84,831
+3,394
| +4% | +$225K |
|
1045
Manitowoc
MTW
$710M
| $5.87M | 0.02% |
277,978
-415,545
| -60% | -$7.62M |
|
1046
Interactive Brokers
IBKR
$42.2B
| $5.86M | 0.02% |
963,192
+748,288
| +348% | +$4.18M |
|
1047
Global Payments
GPN
$25B
| $5.85M | 0.02% |
180,162
-135,676
| -43% | -$4.11M |
|
1048
PUT
Aflac
AFL
$59.3B
| $5.84M | 0.02% |
+175,000
| New | +$5.74M |
|
1049
PUT
Kohl's
KSS
$2.08B
| $5.84M | 0.02% |
103,000
-34,100
| -25% | -$1.87M |
|
1050
Norwegian Cruise Line
NCLH
$7.91B
| $5.83M | 0.02% |
164,410
-183,403
| -53% | -$5.95M |
|
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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.