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 | |
|---|---|---|---|---|---|---|
|
HW
1251
DELISTED
Headwaters Inc
HW
| $4.5M | 0.01% |
459,806
+267,647
| +139% | +$2.47M |
|
1252
Dana Inc
DAN
$3.24B
| $4.5M | 0.01% |
229,225
+168,738
| +279% | +$3.43M |
|
|
ESRX
1253
DELISTED
Express Scripts Holding Company
ESRX
| $4.49M | 0.01% |
63,931
-211,789
| -77% | -$13.8M |
|
|
GHL
1254
DELISTED
Greenhill & Co., Inc.
GHL
| $4.49M | 0.01% |
77,474
+24,810
| +47% | +$1.3M |
|
|
ABCO
1255
DELISTED
Advisory Board Co
ABCO
| $4.49M | 0.01% |
+70,467
| New | +$4.48M |
|
1256
ServiceNow
NOW
$131B
| $4.49M | 0.01% |
400,465
+147,230
| +58% | +$1.56M |
|
1257
Cadence Design Systems
CDNS
$91.4B
| $4.47M | 0.01% |
319,022
-795,784
| -71% | -$10.7M |
|
1258
TransDigm Group
TDG
$65.9B
| $4.47M | 0.01% |
27,741
-1,802
| -6% | -$269K |
|
1259
Healthpeak Properties
DOC
$14.9B
| $4.47M | 0.01% |
134,999
-457,812
| -77% | -$16.3M |
|
1260
OraSure Technologies
OSUR
$261M
| $4.46M | 0.01% |
709,797
+559,794
| +373% | +$3.51M |
|
|
JWN
1261
DELISTED
Nordstrom
JWN
| $4.46M | 0.01% |
72,234
-161,649
| -69% | -$9.73M |
|
1262
Comfort Systems
FIX
$55B
| $4.46M | 0.01% |
229,894
+179,432
| +356% | +$3.39M |
|
1263
Evertec
EVTC
$1.79B
| $4.45M | 0.01% |
180,473
+46,364
| +35% | +$1.05M |
|
1264
Companhia Siderúrgica Nacional
SID
$1.35B
| $4.45M | 0.01% |
+717,148
| New | +$3.92M |
|
1265
Invesco
IVZ
$14.4B
| $4.44M | 0.01% |
121,984
-779,861
| -86% | -$26.5M |
|
|
BID
1266
DELISTED
Sotheby's
BID
| $4.43M | 0.01% |
+83,251
| New | +$4.29M |
|
|
HT
1267
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $4.42M | 0.01% |
198,275
+139,142
| +235% | +$3.15M |
|
1268
Cisco
CSCO
$438B
| $4.41M | 0.01% |
196,700
-14,196
| -7% | -$314K |
|
1269
PUT
Wheaton Precious Metals
WPM
$74.4B
| $4.4M | 0.01% |
218,100
+205,000
| +1,565% | +$4.45M |
|
1270
Jack Henry & Associates
JKHY
$12.3B
| $4.4M | 0.01% |
74,342
-59,276
| -44% | -$3.3M |
|
1271
Manhattan Associates
MANH
$12.4B
| $4.38M | 0.01% |
+149,176
| New | +$4.1M |
|
|
PRE
1272
DELISTED
PARTNERRE LTD
PRE
| $4.38M | 0.01% |
41,555
-172,427
| -81% | -$17M |
|
1273
PUT
Target
TGT
$74.2B
| $4.37M | 0.01% |
69,000
+100
| +0.1% | +$6.39K |
|
|
VRNT
1274
DELISTED
Verint Systems
VRNT
| $4.37M | 0.01% |
199,576
-180,341
| -47% | -$3.51M |
|
|
MR
1275
PUT
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $4.36M | 0.01% |
+120,000
| New | +$4.66M |
|
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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.