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 | |
|---|---|---|---|---|---|---|
|
MSCC
1076
DELISTED
Microsemi Corp
MSCC
| $5.61M | 0.02% |
224,761
+14,374
| +7% | +$349K |
|
1077
CNO Financial Group
CNO
$5.02B
| $5.61M | 0.02% |
316,832
+35,701
| +13% | +$572K |
|
|
NSR
1078
DELISTED
Neustar Inc
NSR
| $5.61M | 0.02% |
112,417
-198,263
| -64% | -$9.54M |
|
1079
Hovnanian Enterprises
HOV
$739M
| $5.6M | 0.02% |
33,859
+26,901
| +387% | +$3.51M |
|
1080
PUT
Bristol-Myers Squibb
BMY
$137B
| $5.6M | 0.02% |
105,300
+15,700
| +18% | +$800K |
|
1081
Chubb
CB
$133B
| $5.59M | 0.02% |
+54,029
| New | +$5.31M |
|
|
MIC
1082
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $5.57M | 0.02% |
102,392
+3,184
| +3% | +$173K |
|
1083
PUT
Blackrock
BLK
$182B
| $5.57M | 0.02% |
17,600
+11,100
| +171% | +$3.31M |
|
1084
Upbound Group
UPBD
$1.12B
| $5.57M | 0.02% |
167,001
+160,671
| +2,538% | +$5.56M |
|
|
AKS
1085
DELISTED
AK Steel Holding Corp
AKS
| $5.56M | 0.02% |
+678,451
| New | +$3.58M |
|
1086
Unifirst Corp
UNF
$5.28B
| $5.55M | 0.02% |
51,866
+32,858
| +173% | +$3.35M |
|
|
SUNE
1087
DELISTED
SUNEDISON, INC COM
SUNE
| $5.54M | 0.02% |
424,854
+132,612
| +45% | +$1.5M |
|
1088
Quest Diagnostics
DGX
$26.9B
| $5.54M | 0.02% |
103,409
+97,923
| +1,785% | +$5.81M |
|
|
PDM
1089
Piedmont Realty Trust
PDM
$1.23B
| $5.54M | 0.02% |
335,164
+196,488
| +142% | +$3.4M |
|
|
PLL
1090
DELISTED
PALL CORP
PLL
| $5.54M | 0.02% |
64,861
+57,482
| +779% | +$4.67M |
|
1091
PUT
Abercrombie & Fitch
ANF
$4.99B
| $5.53M | 0.02% |
168,000
-353,300
| -68% | -$12.2M |
|
1092
CALL
Consolidated Edison
ED
$39.8B
| $5.53M | 0.02% |
100,000
+95,200
| +1,983% | +$5.36M |
|
1093
First Financial Bancorp
FFBC
$3.46B
| $5.52M | 0.02% |
316,792
+29,830
| +10% | +$477K |
|
1094
Casey's General Stores
CASY
$31.6B
| $5.51M | 0.02% |
78,392
+66,789
| +576% | +$4.89M |
|
1095
Steris
STE
$23.2B
| $5.5M | 0.02% |
114,429
-66,374
| -37% | -$3.03M |
|
1096
CALL
eBay
EBAY
$47.7B
| $5.49M | 0.02% |
237,600
+32,076
| +16% | +$710K |
|
1097
CALL
HF Sinclair
DINO
$16.9B
| $5.48M | 0.02% |
+110,300
| New | +$5.03M |
|
1098
Oaktree Specialty Lending
OCSL
$1.16B
| $5.48M | 0.02% |
197,493
+52,718
| +36% | +$1.56M |
|
1099
Agree Realty
ADC
$9.28B
| $5.47M | 0.02% |
+188,512
| New | +$5.67M |
|
|
WW
1100
CALL
DELISTED
WW International
WW
| $5.47M | 0.02% |
166,100
-126,800
| -43% | -$4.42M |
|
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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.