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 | |
|---|---|---|---|---|---|---|
1601
Darling Ingredients
DAR
$9.88B
| $2.68M | 0.01% |
128,465
+28,711
| +29% | +$614K |
|
|
ORBK
1602
DELISTED
Orbotech Ltd
ORBK
| $2.68M | 0.01% |
198,245
+106,791
| +117% | +$1.36M |
|
|
SRGA
1603
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $2.68M | 0.01% |
25,194
+6,627
| +36% | +$643K |
|
|
QCOR
1604
DELISTED
QUESTCOR PHARMA INC
QCOR
| $2.67M | 0.01% |
49,129
-109,860
| -69% | -$6.49M |
|
|
WRI
1605
DELISTED
Weingarten Realty Investors
WRI
| $2.67M | 0.01% |
97,522
+27,484
| +39% | +$812K |
|
|
SE
1606
CALL
DELISTED
Spectra Energy Corp Wi
SE
| $2.67M | 0.01% |
75,000
+16,700
| +29% | +$575K |
|
|
EFII
1607
DELISTED
Electronics for Imaging
EFII
| $2.67M | 0.01% |
+68,874
| New | +$2.51M |
|
|
AEPI
1608
DELISTED
AEP Industries Inc
AEPI
| $2.67M | 0.01% |
50,465
+10,888
| +28% | +$613K |
|
1609
ACI Worldwide
ACIW
$5.29B
| $2.66M | 0.01% |
122,946
+103,005
| +517% | +$2.04M |
|
1610
Timken Company
TKR
$8.48B
| $2.66M | 0.01% |
67,539
-669,650
| -91% | -$26.1M |
|
1611
Valley National Bancorp
VLY
$7.79B
| $2.66M | 0.01% |
262,483
+208,385
| +385% | +$2.09M |
|
|
CYS
1612
DELISTED
CYS Investments Inc.
CYS
| $2.65M | 0.01% |
358,329
+203,817
| +132% | +$1.64M |
|
|
ALU
1613
DELISTED
Alcatel-Lucent
ALU
| $2.65M | 0.01% |
602,038
-546,175
| -48% | -$2.15M |
|
1614
Cognizant
CTSH
$28.4B
| $2.64M | 0.01% |
52,374
+6,272
| +14% | +$286K |
|
|
DOC
1615
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $2.64M | 0.01% |
207,505
+82,505
| +66% | +$1.02M |
|
|
ETP
1616
DELISTED
Energy Transfer Partners, L.P.
ETP
| $2.64M | 0.01% |
+70,000
| New | +$2.42M |
|
|
CERN
1617
DELISTED
Cerner Corp
CERN
| $2.64M | 0.01% |
47,367
+47,328
| +121,354% | +$2.65M |
|
|
MGLN
1618
DELISTED
Magellan Health Services, Inc.
MGLN
| $2.64M | 0.01% |
+43,993
| New | +$2.63M |
|
|
VVC
1619
DELISTED
Vectren Corporation
VVC
| $2.63M | 0.01% |
74,220
-96,100
| -56% | -$3.32M |
|
|
KWK
1620
DELISTED
QUICKSILVER RESOURCES INC
KWK
| $2.63M | 0.01% |
858,469
+23,606
| +3% | +$61.4K |
|
1621
CALL
Veeva Systems
VEEV
$40.4B
| $2.63M | 0.01% |
+81,800
| New | +$3.12M |
|
|
PAY
1622
CALL
DELISTED
Verifone Systems Inc
PAY
| $2.63M | 0.01% |
97,900
+31,000
| +46% | +$741K |
|
|
LFC
1623
DELISTED
China Life Insurance Company Ltd.
LFC
| $2.62M | 0.01% |
166,614
+26,421
| +19% | +$382K |
|
1624
Dick's Sporting Goods
DKS
$11.1B
| $2.62M | 0.01% |
45,130
-21,370
| -32% | -$1.17M |
|
1625
Bath & Body Works
BBWI
$3.54B
| $2.62M | 0.01% |
+52,329
| New | +$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.