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 | |
|---|---|---|---|---|---|---|
1626
CALL
Labcorp
LH
$27.4B
| $2.61M | 0.01% |
+33,290
| New | +$2.84M |
|
1627
LiveRamp
RAMP
$2.29B
| $2.61M | 0.01% |
70,564
+58,380
| +479% | +$1.95M |
|
1628
CALL
Freeport-McMoran
FCX
$115B
| $2.6M | 0.01% |
69,000
-253,000
| -79% | -$8.97M |
|
|
MZOR
1629
DELISTED
Mazor Robotics Ltd.
MZOR
| $2.6M | 0.01% |
133,303
-50,380
| -27% | -$925K |
|
|
MITL
1630
DELISTED
Mitel Networks Corporation
MITL
| $2.59M | 0.01% |
+256,990
| New | +$1.94M |
|
1631
Sumitomo Mitsui Financial
SMFG
$160B
| $2.59M | 0.01% |
247,079
+15,526
| +7% | +$154K |
|
1632
Cintas
CTAS
$81.9B
| $2.59M | 0.01% |
173,688
-80,304
| -32% | -$1.09M |
|
1633
Deluxe
DLX
$1.1B
| $2.59M | 0.01% |
49,591
+29,115
| +142% | +$1.39M |
|
1634
CALL
Tapestry
TPR
$25.9B
| $2.59M | 0.01% |
46,100
-65,500
| -59% | -$3.54M |
|
|
ARMH
1635
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $2.59M | 0.01% |
47,283
-54,092
| -53% | -$2.63M |
|
1636
Stewart Information Services
STC
$2.12B
| $2.59M | 0.01% |
80,135
+20,565
| +35% | +$637K |
|
|
ARO
1637
CALL
DELISTED
Aeropostale Inc
ARO
| $2.58M | 0.01% |
284,100
+101,000
| +55% | +$925K |
|
1638
Emergent Biosolutions
EBS
$289M
| $2.58M | 0.01% |
112,183
-25,509
| -19% | -$532K |
|
1639
Hanmi Financial
HAFC
$918M
| $2.57M | 0.01% |
117,231
+12,194
| +12% | +$232K |
|
1640
Pegasystems
PEGA
$5.59B
| $2.56M | 0.01% |
208,484
+80,376
| +63% | +$881K |
|
|
QPAC
1641
DELISTED
QUINPARIO ACQUISITION CORP COM STK
QPAC
| $2.56M | 0.01% |
+253,500
| New | +$2.54M |
|
1642
Exelixis
EXEL
$14.1B
| $2.56M | 0.01% |
417,296
-112,566
| -21% | -$620K |
|
1643
State Street SPDR S&P Retail ETF
XRT
$325M
| $2.56M | 0.01% |
+58,000
| New | +$2.47M |
|
|
CCC
1644
DELISTED
Calgon Carbon Corp
CCC
| $2.56M | 0.01% |
+124,204
| New | +$2.48M |
|
|
ERF
1645
DELISTED
Enerplus Corporation
ERF
| $2.55M | 0.01% |
141,435
+122,493
| +647% | +$2.14M |
|
|
KSU
1646
DELISTED
Kansas City Southern
KSU
| $2.54M | 0.01% |
20,516
-161,750
| -89% | -$19.4M |
|
1647
Ambev
ABEV
$45.2B
| $2.53M | 0.01% |
+344,511
| New | +$2.52M |
|
1648
Molson Coors Class B
TAP
$7.83B
| $2.53M | 0.01% |
45,000
-161,353
| -78% | -$8.63M |
|
|
SNI
1649
CALL
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $2.52M | 0.01% |
+29,200
| New | +$2.29M |
|
|
EGOV
1650
DELISTED
NIC Inc
EGOV
| $2.52M | 0.01% |
101,390
-19,623
| -16% | -$462K |
|
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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.