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 | |
|---|---|---|---|---|---|---|
1276
Morningstar
MORN
$8.07B
| $4.36M | 0.01% |
55,817
+52,629
| +1,651% | +$4.19M |
|
1277
CALL
CF Industries
CF
$19.3B
| $4.36M | 0.01% |
+93,500
| New | +$4.09M |
|
|
FEIC
1278
DELISTED
FEI COMPANY
FEIC
| $4.35M | 0.01% |
48,655
+23,655
| +95% | +$2.1M |
|
|
INFN
1279
DELISTED
Infinera Corporation Common Stock
INFN
| $4.34M | 0.01% |
444,311
+245,455
| +123% | +$2.44M |
|
1280
Koppers
KOP
$872M
| $4.33M | 0.01% |
+94,695
| New | +$4.29M |
|
1281
PUT
Ford
F
$55.6B
| $4.33M | 0.01% |
280,400
+258,400
| +1,175% | +$4.33M |
|
|
AGN
1282
PUT
DELISTED
Allergan Inc
AGN
| $4.32M | 0.01% |
38,900
+12,700
| +48% | +$1.21M |
|
1283
CALL
WEC Energy
WEC
$34.8B
| $4.32M | 0.01% |
104,500
+43,800
| +72% | +$1.82M |
|
|
DST
1284
DELISTED
DST Systems Inc.
DST
| $4.31M | 0.01% |
95,046
-80,810
| -46% | -$3.43M |
|
|
CSOD
1285
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $4.3M | 0.01% |
80,732
-240,379
| -75% | -$11.9M |
|
1286
IBM
IBM
$221B
| $4.29M | 0.01% |
23,953
-125,812
| -84% | -$21.7M |
|
1287
Power Integrations
POWI
$3.05B
| $4.29M | 0.01% |
153,850
+105,004
| +215% | +$2.84M |
|
|
IRF
1288
DELISTED
INTL RECTIFIER CORP
IRF
| $4.29M | 0.01% |
164,366
+85,199
| +108% | +$2.07M |
|
1289
CALL
Franco-Nevada
FNV
$52.4B
| $4.28M | 0.01% |
+105,000
| New | +$4.41M |
|
1290
Viavi Solutions
VIAV
$9.3B
| $4.27M | 0.01% |
+578,143
| New | +$4.39M |
|
1291
Red Robin
RRGB
$183M
| $4.27M | 0.01% |
58,022
+47,030
| +428% | +$3.56M |
|
1292
CALL
Eversource Energy
ES
$26.8B
| $4.26M | 0.01% |
100,600
+600
| +0.6% | +$25.2K |
|
1293
E.W. Scripps
SSP
$305M
| $4.26M | 0.01% |
+220,901
| New | +$3.81M |
|
1294
CarMax
KMX
$9.11B
| $4.25M | 0.01% |
90,458
-355,302
| -80% | -$17.4M |
|
1295
Pacira BioSciences
PCRX
$1.02B
| $4.23M | 0.01% |
73,626
-323,506
| -81% | -$17M |
|
|
CBL
1296
DELISTED
CBL& Associates Properties, Inc.
CBL
| $4.23M | 0.01% |
235,716
-1,468,472
| -86% | -$27.6M |
|
|
1297
PUT
Franco-Nevada
FNV
$52.4B
| $4.23M | 0.01% |
+103,800
| New | +$4.36M |
|
|
MENT
1298
DELISTED
Mentor Graphics Corp
MENT
| $4.22M | 0.01% |
+175,210
| New | +$3.96M |
|
1299
Jabil
JBL
$32.3B
| $4.21M | 0.01% |
241,214
+69,183
| +40% | +$1.4M |
|
|
CALY
1300
Callaway Golf Company
CALY
$2.76B
| $4.2M | 0.01% |
498,680
+348,820
| +233% | +$2.77M |
|
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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.