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 | |
|---|---|---|---|---|---|---|
|
RAI
126
DELISTED
Reynolds American Inc
RAI
| $46.9M | 0.15% |
1,877,520
+1,704,446
| +985% | +$43M |
|
127
AB InBev
BUD
$157B
| $46.1M | 0.15% |
433,230
+424,830
| +5,058% | +$43.4M |
|
128
Kennametal
KMT
$2.23B
| $46.1M | 0.15% |
885,080
+554,413
| +168% | +$26.2M |
|
129
Micron Technology
MU
$1.03T
| $45.5M | 0.14% |
2,090,148
+144,573
| +7% | +$2.81M |
|
|
ROC
130
DELISTED
ROCKWOOD HLDGS INC
ROC
| $45.1M | 0.14% |
627,384
+312,553
| +99% | +$21.3M |
|
131
Boeing
BA
$165B
| $45M | 0.14% |
329,605
+327,483
| +15,433% | +$42.6M |
|
|
HSH
132
DELISTED
HILLSHIRE BRANDS CO
HSH
| $44.8M | 0.14% |
1,339,852
+596,378
| +80% | +$19.4M |
|
|
HOT
133
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $44.6M | 0.14% |
561,648
+220,200
| +64% | +$16.1M |
|
134
Sherwin-Williams
SHW
$83.9B
| $44.4M | 0.14% |
726,132
+655,977
| +935% | +$40.2M |
|
135
Ryder
R
$9.44B
| $44.4M | 0.14% |
601,261
+183,279
| +44% | +$12.1M |
|
136
Intuitive Surgical
ISRG
$133B
| $43.5M | 0.14% |
1,018,422
-10,242
| -1% | -$431K |
|
|
AGN
137
CALL
DELISTED
Allergan Inc
AGN
| $43.4M | 0.14% |
390,400
+277,900
| +247% | +$26.5M |
|
138
Ulta Beauty
ULTA
$23B
| $43.2M | 0.14% |
447,808
+427,691
| +2,126% | +$50.2M |
|
139
Johnson & Johnson
JNJ
$659B
| $42.8M | 0.14% |
467,259
-368,849
| -44% | -$34M |
|
140
Suncor Energy
SU
$78.8B
| $42.7M | 0.13% |
1,217,778
+1,199,531
| +6,574% | +$42.2M |
|
141
Nabors Industries
NBR
$1.29B
| $42.4M | 0.13% |
49,943
+28,590
| +134% | +$24.2M |
|
|
SLXP
142
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $41.5M | 0.13% |
461,821
+251,990
| +120% | +$20.1M |
|
143
Patterson-UTI
PTEN
$4.47B
| $41M | 0.13% |
1,617,999
-1,206,778
| -43% | -$28.9M |
|
144
State Street
STT
$52.1B
| $40.2M | 0.13% |
547,856
-35,594
| -6% | -$2.49M |
|
145
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $39.9M | 0.13% |
472,274
+46,664
| +11% | +$3.94M |
|
146
Scorpio Tankers
STNG
$3.9B
| $39.8M | 0.13% |
337,172
-10,546
| -3% | -$1.18M |
|
|
SWY
147
DELISTED
SAFEWAY INC
SWY
| $39.7M | 0.13% |
1,361,918
+500,577
| +58% | +$15M |
|
|
YOKU
148
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $39.6M | 0.12% |
1,306,086
+690,789
| +112% | +$19.8M |
|
|
XLNX
149
DELISTED
Xilinx Inc
XLNX
| $39.4M | 0.12% |
857,522
-123,852
| -13% | -$5.57M |
|
150
Allstate
ALL
$65.7B
| $39.3M | 0.12% |
719,921
-183,041
| -20% | -$9.76M |
|
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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.