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 | |
|---|---|---|---|---|---|---|
|
CAA
1526
DELISTED
CalAtlantic Group, Inc.
CAA
| $3M | 0.01% |
66,401
+53,436
| +412% | +$2.13M |
|
|
AMWD
1527
DELISTED
American Woodmark
AMWD
| $3M | 0.01% |
75,916
+34,233
| +82% | +$1.19M |
|
|
LITS
1528
Lite Strategy Inc
LITS
$35.7M
| $3M | 0.01% |
18,725
+3,692
| +25% | +$631K |
|
1529
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $3M | 0.01% |
61,674
-343
| -0.6% | -$16.6K |
|
1530
CALL
BioMarin Pharmaceuticals
BMRN
$12.8B
| $2.99M | 0.01% |
42,500
+3,100
| +8% | +$211K |
|
1531
Clearwater Paper
CLW
$351M
| $2.97M | 0.01% |
+56,517
| New | +$2.89M |
|
|
ELOS
1532
DELISTED
Syneron Medical Ltd
ELOS
| $2.97M | 0.01% |
241,172
-34,875
| -13% | -$362K |
|
|
WIN
1533
PUT
DELISTED
Windstream Holdings Inc
WIN
| $2.95M | 0.01% |
+47,211
| New | +$3.06M |
|
|
KERX
1534
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $2.95M | 0.01% |
227,670
-152,693
| -40% | -$1.82M |
|
1535
CALL
Boston Scientific
BSX
$72.3B
| $2.94M | 0.01% |
+245,000
| New | +$2.89M |
|
|
VCRA
1536
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $2.94M | 0.01% |
188,609
-106,899
| -36% | -$1.83M |
|
1537
CALL
Fortinet
FTNT
$113B
| $2.94M | 0.01% |
+768,500
| New | +$2.99M |
|
1538
Expeditors International
EXPD
$24.6B
| $2.94M | 0.01% |
66,424
-452,760
| -87% | -$19.8M |
|
1539
Itron
ITRI
$4.32B
| $2.94M | 0.01% |
70,912
+65,793
| +1,285% | +$2.79M |
|
|
THI
1540
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $2.94M | 0.01% |
50,330
-179,670
| -78% | -$10.6M |
|
1541
Enanta Pharmaceuticals
ENTA
$410M
| $2.93M | 0.01% |
+107,519
| New | +$2.61M |
|
1542
Globus Medical
GMED
$11.1B
| $2.93M | 0.01% |
145,234
+134,734
| +1,283% | +$2.5M |
|
1543
PUT
Marvell Technology
MRVL
$216B
| $2.91M | 0.01% |
202,600
+148,100
| +272% | +$1.91M |
|
1544
Dover
DOV
$27.2B
| $2.9M | 0.01% |
44,876
-44,924
| -50% | -$2.75M |
|
|
ININ
1545
DELISTED
Interactive Intelligence Group, inc.
ININ
| $2.9M | 0.01% |
43,088
+32,862
| +321% | +$2.11M |
|
1546
Ultrapar
UGP
$7.14B
| $2.9M | 0.01% |
+245,314
| New | +$3.12M |
|
|
HTS
1547
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $2.89M | 0.01% |
176,868
+159,517
| +919% | +$2.79M |
|
|
USG
1548
PUT
DELISTED
Usg
USG
| $2.89M | 0.01% |
101,800
+1,800
| +2% | +$48.8K |
|
1549
MKS Inc
MKSI
$18.3B
| $2.89M | 0.01% |
96,531
+11,205
| +13% | +$326K |
|
1550
CALL
Vulcan Materials
VMC
$35.5B
| $2.89M | 0.01% |
48,600
-17,200
| -26% | -$949K |
|
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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.