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 | |
|---|---|---|---|---|---|---|
1351
Hartford Financial Services
HIG
$37.4B
| $3.92M | 0.01% |
108,266
-468,851
| -81% | -$16.1M |
|
1352
Banco Bradesco
BBD
$35.4B
| $3.92M | 0.01% |
+797,225
| New | +$4.24M |
|
1353
Baytex Energy
BTE
$3.22B
| $3.91M | 0.01% |
99,900
+52,391
| +110% | +$2.11M |
|
|
GRMN
1354
Garmin
GRMN
$55.6B
| $3.91M | 0.01% |
+84,655
| New | +$4.01M |
|
|
NXGN
1355
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $3.9M | 0.01% |
185,446
-171,051
| -48% | -$3.85M |
|
1356
Snap-on
SNA
$20.4B
| $3.9M | 0.01% |
35,583
-41,831
| -54% | -$4.34M |
|
|
LMOS
1357
DELISTED
Lumos Networks Corp
LMOS
| $3.89M | 0.01% |
+185,394
| New | +$4.09M |
|
1358
Kemper
KMPR
$1.64B
| $3.89M | 0.01% |
95,077
+42,996
| +83% | +$1.63M |
|
1359
Rockwell Medical
RMTI
$32M
| $3.89M | 0.01% |
3,385
+2,620
| +342% | +$3.61M |
|
1360
Wabash National
WNC
$506M
| $3.88M | 0.01% |
314,004
+295,704
| +1,616% | +$3.53M |
|
1361
Southern Copper
SCCO
$186B
| $3.87M | 0.01% |
147,236
-110,635
| -43% | -$2.74M |
|
1362
CALL
Exelixis
EXEL
$14.1B
| $3.86M | 0.01% |
+630,400
| New | +$3.47M |
|
|
RKT
1363
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $3.86M | 0.01% |
73,434
-244,288
| -77% | -$12.3M |
|
|
SQNM
1364
DELISTED
SEQUENOM INC NEW
SQNM
| $3.85M | 0.01% |
1,647,428
+1,073,248
| +187% | +$2.55M |
|
|
WW
1365
PUT
DELISTED
WW International
WW
| $3.85M | 0.01% |
116,800
+2,800
| +2% | +$97.7K |
|
1366
Trustmark
TRMK
$2.68B
| $3.84M | 0.01% |
143,234
+99,402
| +227% | +$2.69M |
|
1367
FNB Corp
FNB
$6.54B
| $3.84M | 0.01% |
304,366
+259,613
| +580% | +$3.23M |
|
|
JOSB
1368
DELISTED
JOS A BANK CLOTHIERS INC
JOSB
| $3.83M | 0.01% |
+69,831
| New | +$3.58M |
|
1369
Employers Holdings
EIG
$876M
| $3.82M | 0.01% |
120,787
+68,272
| +130% | +$2.11M |
|
|
FIO
1370
DELISTED
FUSION-IO INC COM
FIO
| $3.82M | 0.01% |
428,431
+405,119
| +1,738% | +$4.38M |
|
|
RBS.PRN
1371
DELISTED
ROYAL BK SCOTLAND GROUP PLC ADR RPTNG PFD SHRS SER N (UK)
RBS.PRN
| $3.79M | 0.01% |
+185,087
| New | +$3.9M |
|
1372
CALL
News Corp Class B
NWS
$19B
| $3.78M | 0.01% |
+212,000
| New | +$3.7M |
|
|
EJ
1373
DELISTED
E HOUSE (CHINA) HOLDINGS LIMITED
EJ
| $3.76M | 0.01% |
268,763
+176,703
| +192% | +$1.78M |
|
|
NPKI
1374
NPK International
NPKI
$1.12B
| $3.76M | 0.01% |
306,064
+155,445
| +103% | +$1.94M |
|
|
AFFX
1375
DELISTED
Affymetrix Inc
AFFX
| $3.76M | 0.01% |
438,993
+113,840
| +35% | +$873K |
|
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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.