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 | |
|---|---|---|---|---|---|---|
1151
CALL
American International
AIG
$39.9B
| $5.11M | 0.02% |
+100,000
| New | +$4.98M |
|
|
PEI
1152
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $5.1M | 0.02% |
17,906
+16,845
| +1,588% | +$4.61M |
|
|
GPOR
1153
PUT
DELISTED
Gulfport Energy Corp.
GPOR
| $5.09M | 0.02% |
+80,700
| New | +$4.89M |
|
1154
Cheesecake Factory
CAKE
$5.65B
| $5.09M | 0.02% |
105,425
+55,425
| +111% | +$2.59M |
|
1155
PUT
Stanley Black & Decker
SWK
$14.9B
| $5.08M | 0.02% |
+63,000
| New | +$5.16M |
|
1156
PUT
Hartford Financial Services
HIG
$37.4B
| $5.07M | 0.02% |
+139,900
| New | +$4.82M |
|
1157
Hexcel
HXL
$7.08B
| $5.06M | 0.02% |
113,325
+89,183
| +369% | +$3.77M |
|
|
WCN
1158
Waste Connections
WCN
$41.8B
| $5.06M | 0.02% |
174,035
+32,166
| +23% | +$939K |
|
|
SWN
1159
DELISTED
Southwestern Energy Company
SWN
| $5.06M | 0.02% |
128,658
-435,059
| -77% | -$16.3M |
|
1160
CALL
American Airlines Group
AAL
$9.23B
| $5.05M | 0.02% |
+200,000
| New | +$5.15M |
|
1161
W.R. Berkley
WRB
$25.4B
| $5.05M | 0.02% |
392,820
+58,614
| +18% | +$752K |
|
1162
Protolabs
PRLB
$1.86B
| $5.03M | 0.02% |
+70,628
| New | +$5.47M |
|
|
PLCM
1163
DELISTED
POLYCOM INC
PLCM
| $5.03M | 0.02% |
447,588
+10,812
| +2% | +$117K |
|
|
FBR
1164
DELISTED
Fibria Celulose Sa
FBR
| $5.02M | 0.02% |
430,010
+314,004
| +271% | +$3.87M |
|
1165
Qualcomm
QCOM
$169B
| $5.01M | 0.02% |
67,500
-5,200
| -7% | -$367K |
|
1166
Prothena Corp
PRTA
$484M
| $5.01M | 0.02% |
188,767
+117,379
| +164% | +$2.94M |
|
1167
PUT
Innoviva
INVA
$1.53B
| $5M | 0.02% |
+173,988
| New | +$5.09M |
|
|
NUVA
1168
DELISTED
NuVasive, Inc.
NUVA
| $5M | 0.02% |
154,537
-51,690
| -25% | -$1.55M |
|
|
INFI
1169
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $4.99M | 0.02% |
361,381
-483,111
| -57% | -$6.82M |
|
|
IPG
1170
DELISTED
Interpublic Group of Companies
IPG
| $4.99M | 0.02% |
281,753
-2,553,360
| -90% | -$43M |
|
|
N
1171
DELISTED
Netsuite Inc
N
| $4.98M | 0.02% |
48,341
+15,471
| +47% | +$1.55M |
|
|
LVNTA
1172
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $4.98M | 0.02% |
165,295
-431,953
| -72% | -$11.6M |
|
1173
JB Hunt Transport Services
JBHT
$24.6B
| $4.98M | 0.02% |
64,392
-163,090
| -72% | -$12.2M |
|
|
SIR
1174
DELISTED
SELECT INCOME REIT
SIR
| $4.98M | 0.02% |
423,314
-234,985
| -36% | -$2.79M |
|
|
IMPV
1175
DELISTED
Imperva, Inc.
IMPV
| $4.97M | 0.02% |
103,309
+25,413
| +33% | +$1.07M |
|
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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.