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 | |
|---|---|---|---|---|---|---|
|
NSTG
1451
DELISTED
NanoString Technologies, Inc.
NSTG
| $3.3M | 0.01% |
191,597
+111,597
| +139% | +$1.38M |
|
1452
Tetra Tech
TTEK
$9.42B
| $3.3M | 0.01% |
+589,035
| New | +$3.18M |
|
1453
Assured Guaranty
AGO
$3.3B
| $3.29M | 0.01% |
139,668
-244,086
| -64% | -$5.31M |
|
|
FCS
1454
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $3.29M | 0.01% |
+246,833
| New | +$3.16M |
|
|
FDO
1455
PUT
DELISTED
FAMILY DOLLAR STORES
FDO
| $3.29M | 0.01% |
50,700
+4,600
| +10% | +$315K |
|
1456
Thor Industries
THO
$4.14B
| $3.29M | 0.01% |
59,592
-21,407
| -26% | -$1.18M |
|
1457
Monro
MNRO
$436M
| $3.29M | 0.01% |
58,371
+47,399
| +432% | +$2.34M |
|
1458
PUT
Kinross Gold
KGC
$39.7B
| $3.29M | 0.01% |
750,000
| – | – |
|
|
AWH
1459
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $3.28M | 0.01% |
87,138
+74,964
| +616% | +$2.7M |
|
|
ODP
1460
CALL
DELISTED
ODP
ODP
| $3.27M | 0.01% |
+61,760
| New | +$3.27M |
|
|
GGP
1461
PUT
DELISTED
GGP Inc.
GGP
| $3.27M | 0.01% |
162,800
+5,100
| +3% | +$105K |
|
|
CONN
1462
DELISTED
Conn's Inc.
CONN
| $3.27M | 0.01% |
41,489
+26,509
| +177% | +$1.7M |
|
|
FNFG
1463
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $3.27M | 0.01% |
307,393
-542,668
| -64% | -$5.88M |
|
|
ENIA
1464
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $3.26M | 0.01% |
403,638
+95,160
| +31% | +$814K |
|
1465
Flowserve
FLS
$10.2B
| $3.26M | 0.01% |
+41,318
| New | +$2.86M |
|
|
MTEM
1466
DELISTED
Molecular Templates, Inc.
MTEM
| $3.26M | 0.01% |
4,226
+953
| +29% | +$719K |
|
1467
Sprott Physical Gold and Silver Trust
CEF
$8.35B
| $3.25M | 0.01% |
245,407
+208,407
| +563% | +$2.93M |
|
|
ISIL
1468
DELISTED
Intersil Corp
ISIL
| $3.25M | 0.01% |
283,319
-176,264
| -38% | -$1.92M |
|
1469
RH
RH
$2.67B
| $3.25M | 0.01% |
48,228
+12,709
| +36% | +$871K |
|
|
SPLS
1470
DELISTED
Staples Inc
SPLS
| $3.24M | 0.01% |
204,072
+182,072
| +828% | +$2.84M |
|
|
PIR
1471
DELISTED
Pier 1 Imports, Inc.
PIR
| $3.24M | 0.01% |
7,022
-30,139
| -81% | -$12.8M |
|
1472
CALL
Check Point Software Technologies
CHKP
$13.2B
| $3.24M | 0.01% |
50,200
-1,400
| -3% | -$84.2K |
|
1473
Future Fuel
FF
$236M
| $3.24M | 0.01% |
204,821
+22,399
| +12% | +$377K |
|
|
AUXL
1474
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $3.23M | 0.01% |
155,763
-144,294
| -48% | -$2.72M |
|
1475
AngioDynamics
ANGO
$659M
| $3.23M | 0.01% |
188,135
+169,976
| +936% | +$2.62M |
|
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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.