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 | |
|---|---|---|---|---|---|---|
|
TLM
1301
DELISTED
TALISMAN ENERGY INC
TLM
| $4.2M | 0.01% |
360,888
-1,309,655
| -78% | -$15.7M |
|
|
SREV
1302
DELISTED
ServiceSource International, Inc.
SREV
| $4.2M | 0.01% |
501,240
+155,410
| +45% | +$1.56M |
|
1303
American Tower
AMT
$83.2B
| $4.19M | 0.01% |
52,520
-504,878
| -91% | -$39.2M |
|
|
BKS
1304
PUT
DELISTED
Barnes & Noble
BKS
| $4.18M | 0.01% |
427,127
| – | – |
|
1305
Cboe Global Markets
CBOE
$32.3B
| $4.18M | 0.01% |
80,497
-123,698
| -61% | -$6.24M |
|
|
1306
CALL
Cboe Global Markets
CBOE
$32.3B
| $4.17M | 0.01% |
+80,300
| New | +$4.05M |
|
|
ALJ
1307
DELISTED
Alon USA Energy Inc
ALJ
| $4.17M | 0.01% |
252,060
+219,760
| +680% | +$2.78M |
|
|
PSB
1308
DELISTED
PS Business Parks, Inc.
PSB
| $4.16M | 0.01% |
54,478
+10,510
| +24% | +$817K |
|
|
GTU
1309
DELISTED
CENTRAL GOLD TR (CANADA)
GTU
| $4.16M | 0.01% |
+100,283
| New | +$4.45M |
|
|
SHOR
1310
DELISTED
ShoreTel, Inc.
SHOR
| $4.15M | 0.01% |
447,669
+178,259
| +66% | +$1.34M |
|
1311
Dillards
DDS
$9.95B
| $4.15M | 0.01% |
42,713
-5,525
| -11% | -$478K |
|
1312
CALL
Celanese
CE
$4.89B
| $4.15M | 0.01% |
+75,000
| New | +$4.16M |
|
1313
EastGroup Properties
EGP
$10.9B
| $4.15M | 0.01% |
+71,579
| New | +$4.35M |
|
1314
Cleveland-Cliffs
CLF
$6.57B
| $4.14M | 0.01% |
158,130
+66,446
| +72% | +$1.64M |
|
1315
Cinemark Holdings
CNK
$4.34B
| $4.14M | 0.01% |
124,309
+22,175
| +22% | +$727K |
|
|
BTU
1316
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $4.13M | 0.01% |
14,080
-7
| -0% | -$1.97K |
|
1317
CALL
Norfolk Southern
NSC
$78.9B
| $4.12M | 0.01% |
44,400
-117,200
| -73% | -$10.1M |
|
1318
Align Technology
ALGN
$11.3B
| $4.12M | 0.01% |
+72,128
| New | +$3.88M |
|
|
BCOV
1319
DELISTED
Brightcove, Inc.
BCOV
| $4.12M | 0.01% |
291,093
+189,925
| +188% | +$2.65M |
|
1320
CALL
Southern Company
SO
$103B
| $4.11M | 0.01% |
100,000
+80,400
| +410% | +$3.32M |
|
|
HCC
1321
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $4.11M | 0.01% |
89,077
-80,761
| -48% | -$3.64M |
|
|
IDTI
1322
DELISTED
Integrated Device Technology I
IDTI
| $4.11M | 0.01% |
403,659
+376,124
| +1,366% | +$3.74M |
|
|
ADT
1323
PUT
DELISTED
ADT Corp
ADT
| $4.1M | 0.01% |
101,400
+89,600
| +759% | +$3.69M |
|
1324
Enpro
NPO
$6.42B
| $4.1M | 0.01% |
71,157
+34,705
| +95% | +$1.99M |
|
1325
Brady Corp
BRC
$4.41B
| $4.1M | 0.01% |
132,600
+98,662
| +291% | +$2.93M |
|
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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.