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 | |
|---|---|---|---|---|---|---|
1401
PUT
Micron Technology
MU
$1.05T
| $3.6M | 0.01% |
165,700
-374,100
| -69% | -$7.27M |
|
|
VGR
1402
DELISTED
Vector Group Ltd.
VGR
| $3.6M | 0.01% |
415,694
+323,621
| +351% | +$2.79M |
|
|
FST
1403
CALL
DELISTED
FOREST OIL CORPORATION
FST
| $3.6M | 0.01% |
+997,100
| New | +$4.52M |
|
1404
PUT
Waste Management
WM
$88.8B
| $3.59M | 0.01% |
80,000
-300
| -0.4% | -$13.1K |
|
1405
Daktronics
DAKT
$923M
| $3.58M | 0.01% |
+228,460
| New | +$3.04M |
|
1406
PUT
News Corp Class B
NWS
$19B
| $3.57M | 0.01% |
+200,000
| New | +$3.49M |
|
|
ABB
1407
DELISTED
ABB Ltd
ABB
| $3.56M | 0.01% |
+134,220
| New | +$3.34M |
|
|
AVG
1408
DELISTED
AVG Technologies N.V.
AVG
| $3.56M | 0.01% |
206,935
-10,601
| -5% | -$206K |
|
1409
CALL
Waters Corp
WAT
$40.7B
| $3.56M | 0.01% |
+35,600
| New | +$3.59M |
|
|
SPLS
1410
CALL
DELISTED
Staples Inc
SPLS
| $3.54M | 0.01% |
222,800
-48,700
| -18% | -$759K |
|
|
TFCFA
1411
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $3.54M | 0.01% |
+100,600
| New | +$3.39M |
|
|
CAMP
1412
DELISTED
CalAmp Corp.
CAMP
| $3.54M | 0.01% |
5,496
-4,305
| -44% | -$2.4M |
|
|
ENZ
1413
DELISTED
Enzo Biochem, Inc.
ENZ
| $3.54M | 0.01% |
1,210,750
-314,250
| -21% | -$779K |
|
1414
Zebra Technologies
ZBRA
$17.1B
| $3.53M | 0.01% |
65,355
-31,441
| -32% | -$1.58M |
|
|
ATHN
1415
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $3.52M | 0.01% |
26,200
+1,200
| +5% | +$154K |
|
|
EVRI
1416
DELISTED
Everi Holdings
EVRI
| $3.52M | 0.01% |
352,246
+226,574
| +180% | +$1.99M |
|
1417
PUT
FirstEnergy
FE
$27B
| $3.52M | 0.01% |
+106,700
| New | +$3.76M |
|
|
TFCFA
1418
PUT
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $3.52M | 0.01% |
+100,000
| New | +$3.37M |
|
1419
Plains GP Holdings
PAGP
$5.38B
| $3.51M | 0.01% |
+49,297
| New | +$3.09M |
|
|
1420
CALL
Cheniere Energy
LNG
$57.6B
| $3.51M | 0.01% |
81,400
-157,300
| -66% | -$6.26M |
|
1421
CALL
Under Armour
UAA
$2.2B
| $3.5M | 0.01% |
160,400
+5,600
| +4% | +$115K |
|
1422
Geron
GERN
$996M
| $3.5M | 0.01% |
781,150
+683,566
| +700% | +$2.93M |
|
1423
CALL
Adobe
ADBE
$109B
| $3.47M | 0.01% |
58,000
+33,500
| +137% | +$1.85M |
|
1424
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.68B
| $3.46M | 0.01% |
28,466
+12,384
| +77% | +$1.5M |
|
|
PPS
1425
DELISTED
Post Properties
PPS
| $3.45M | 0.01% |
76,311
-304,117
| -80% | -$13.6M |
|
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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.