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 | |
|---|---|---|---|---|---|---|
|
MHGC
1126
DELISTED
Morgans Hotel Group Co.
MHGC
| $5.3M | 0.02% |
651,375
+52,660
| +9% | +$399K |
|
|
SE
1127
DELISTED
Spectra Energy Corp Wi
SE
| $5.27M | 0.02% |
148,019
-1,786,827
| -92% | -$61.5M |
|
1128
CGI
GIB
$15.5B
| $5.25M | 0.02% |
156,991
+107,991
| +220% | +$3.82M |
|
|
WR
1129
DELISTED
Westar Energy Inc
WR
| $5.25M | 0.02% |
163,239
+118,948
| +269% | +$3.75M |
|
|
THS
1130
DELISTED
Treehouse Foods
THS
| $5.25M | 0.02% |
76,106
+41,738
| +121% | +$2.94M |
|
1131
H&R Block
HRB
$6.62B
| $5.24M | 0.02% |
180,497
-453,668
| -72% | -$12.9M |
|
|
CTXS
1132
CALL
DELISTED
Citrix Systems Inc
CTXS
| $5.23M | 0.02% |
103,855
+96,446
| +1,302% | +$4.59M |
|
1133
Microsoft
MSFT
$3.62T
| $5.22M | 0.02% |
139,542
+131,951
| +1,738% | +$4.79M |
|
1134
MSCI
MSCI
$41.5B
| $5.21M | 0.02% |
119,275
+57,808
| +94% | +$2.43M |
|
1135
CALL
Citigroup
C
$221B
| $5.21M | 0.02% |
100,000
-6,900
| -6% | -$349K |
|
|
TMHC
1136
DELISTED
Taylor Morrison
TMHC
| $5.21M | 0.02% |
231,978
+210,657
| +988% | +$4.53M |
|
|
OPEN
1137
CALL
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $5.21M | 0.02% |
65,600
+1,400
| +2% | +$107K |
|
|
UNTD
1138
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $5.2M | 0.02% |
378,021
+293,225
| +346% | +$8.96M |
|
|
SCHW
1139
CALL
Charles Schwab
SCHW
$197B
| $5.2M | 0.02% |
200,000
-40,600
| -17% | -$968K |
|
1140
Commercial Metals
CMC
$7.18B
| $5.2M | 0.02% |
+255,650
| New | +$4.75M |
|
1141
CALL
Comcast
CMCSA
$95.9B
| $5.2M | 0.02% |
200,000
-29,800
| -13% | -$718K |
|
1142
Dine Brands
DIN
$457M
| $5.18M | 0.02% |
62,028
-167,747
| -73% | -$13.2M |
|
1143
Corning
GLW
$125B
| $5.17M | 0.02% |
289,872
-105,162
| -27% | -$1.73M |
|
|
NTRI
1144
DELISTED
NutriSystem, Inc.
NTRI
| $5.15M | 0.02% |
313,533
+289,601
| +1,210% | +$5.07M |
|
1145
PUT
Tyson Foods
TSN
$20.4B
| $5.15M | 0.02% |
154,000
+1,800
| +1% | +$54.9K |
|
1146
Meritage Homes
MTH
$4.73B
| $5.15M | 0.02% |
214,698
+165,324
| +335% | +$3.58M |
|
1147
Tenaris
TS
$27B
| $5.15M | 0.02% |
117,922
+111,222
| +1,660% | +$5.04M |
|
|
MON
1148
DELISTED
Monsanto Co
MON
| $5.15M | 0.02% |
44,196
-82,429
| -65% | -$9M |
|
|
SAPE
1149
DELISTED
SAPIENT CORP
SAPE
| $5.15M | 0.02% |
296,661
-157,212
| -35% | -$2.5M |
|
|
VTSS
1150
DELISTED
VITESSE SEMICONDUCTOR CORPORATION COMMON STOCK
VTSS
| $5.14M | 0.02% |
1,760,600
+65,600
| +4% | +$187K |
|
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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.