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 | |
|---|---|---|---|---|---|---|
1701
PUT
United Rentals
URI
$65.6B
| $2.37M | 0.01% |
+30,400
| New | +$2.04M |
|
|
SHOS
1702
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $2.37M | 0.01% |
92,871
-286,854
| -76% | -$8.21M |
|
|
TWER
1703
DELISTED
Towerstream Corporation Common Stock
TWER
| $2.37M | 0.01% |
39,995
-5
| -0% | -$252 |
|
|
SINA
1704
CALL
DELISTED
Sina Corp
SINA
| $2.37M | 0.01% |
+28,100
| New | +$2.3M |
|
1705
Geospace Technologies
GEOS
$72.3M
| $2.37M | 0.01% |
25,000
-251,353
| -91% | -$23.1M |
|
|
AHL
1706
DELISTED
ASPEN Insurance Holding Limited
AHL
| $2.36M | 0.01% |
57,214
-156,888
| -73% | -$6.17M |
|
|
PKD
1707
DELISTED
Parker Drilling Company
PKD
| $2.36M | 0.01% |
19,378
+15,621
| +416% | +$1.73M |
|
|
GXP
1708
DELISTED
Great Plains Energy Incorporated
GXP
| $2.36M | 0.01% |
97,500
+84,400
| +644% | +$1.99M |
|
|
HF
1709
DELISTED
HFF Inc.
HF
| $2.36M | 0.01% |
+93,741
| New | +$2.22M |
|
|
EQM
1710
DELISTED
EQM Midstream Partners, LP
EQM
| $2.35M | 0.01% |
+40,000
| New | +$2.12M |
|
1711
Arcos Dorados Holdings
ARCO
$1.71B
| $2.35M | 0.01% |
199,241
-493,268
| -71% | -$5.67M |
|
|
CATM
1712
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $2.34M | 0.01% |
53,782
+28,805
| +115% | +$1.17M |
|
|
MDVN
1713
PUT
DELISTED
MEDIVATION, INC.
MDVN
| $2.34M | 0.01% |
73,200
-289,800
| -80% | -$8.76M |
|
|
EQC
1714
DELISTED
Equity Commonwealth
EQC
| $2.33M | 0.01% |
100,000
+81,419
| +438% | +$1.93M |
|
1715
CALL
Celldex Therapeutics
CLDX
$3.24B
| $2.33M | 0.01% |
+6,413
| New | +$2.47M |
|
|
KW
1716
DELISTED
Kennedy-Wilson Holdings
KW
| $2.33M | 0.01% |
104,583
-31,632
| -23% | -$636K |
|
1717
Wabtec
WAB
$50.2B
| $2.33M | 0.01% |
31,308
-89,988
| -74% | -$6.05M |
|
1718
Saic
SAIC
$5.38B
| $2.32M | 0.01% |
+70,156
| New | +$2.44M |
|
1719
Enerpac Tool Group
EPAC
$1.91B
| $2.32M | 0.01% |
63,284
+55,852
| +752% | +$2.12M |
|
1720
Zumiez
ZUMZ
$311M
| $2.31M | 0.01% |
88,900
+68,005
| +325% | +$1.89M |
|
1721
CALL
Icon
ICLR
$13B
| $2.31M | 0.01% |
+57,100
| New | +$2.27M |
|
1722
Public Storage
PSA
$60.3B
| $2.31M | 0.01% |
15,329
-56,470
| -79% | -$9.03M |
|
|
SHLM
1723
DELISTED
Schulman (A.) Inc
SHLM
| $2.3M | 0.01% |
65,267
+27,833
| +74% | +$916K |
|
1724
Diana Shipping
DSX
$342M
| $2.3M | 0.01% |
247,220
+191,709
| +345% | +$1.6M |
|
1725
Modine Manufacturing
MOD
$9.99B
| $2.29M | 0.01% |
178,933
+77,926
| +77% | +$1.04M |
|
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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.