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 | |
|---|---|---|---|---|---|---|
151
Regeneron Pharmaceuticals
REGN
$85.9B
| $39.3M | 0.12% |
142,630
+120,458
| +543% | +$34.6M |
|
|
ETFC
152
DELISTED
E*Trade Financial Corporation
ETFC
| $39M | 0.12% |
1,986,057
+1,517,642
| +324% | +$27M |
|
|
SWFT
153
DELISTED
Swift Transportation Company
SWFT
| $39M | 0.12% |
1,754,479
+261,230
| +17% | +$5.69M |
|
|
K
154
DELISTED
Kellanova
K
| $38.8M | 0.12% |
676,123
+398,761
| +144% | +$23M |
|
155
Corpay
CPAY
$27.4B
| $38.4M | 0.12% |
327,483
+247,151
| +308% | +$28.4M |
|
156
FirstEnergy
FE
$26.6B
| $38.2M | 0.12% |
+1,157,408
| New | +$40.8M |
|
157
T. Rowe Price
TROW
$23.8B
| $37.3M | 0.12% |
445,686
-243,673
| -35% | -$19.1M |
|
158
ITT
ITT
$18.6B
| $37.2M | 0.12% |
856,399
+107,930
| +14% | +$4.29M |
|
|
JAH
159
DELISTED
JARDEN CORPORATION
JAH
| $37.1M | 0.12% |
906,617
+98,207
| +12% | +$3.57M |
|
160
Insulet
PODD
$10.3B
| $37M | 0.12% |
996,138
+605,568
| +155% | +$22.4M |
|
161
American Water Works
AWK
$26.9B
| $36.8M | 0.12% |
871,531
+339,203
| +64% | +$14.2M |
|
162
Cardinal Health
CAH
$53.4B
| $36.8M | 0.12% |
550,111
+199,174
| +57% | +$12.2M |
|
|
BEAM
163
DELISTED
BEAM INC COM STK (DE)
BEAM
| $36.6M | 0.12% |
538,164
-73,102
| -12% | -$4.94M |
|
|
SCHW
164
Charles Schwab
SCHW
$194B
| $36.3M | 0.11% |
1,397,529
+582,446
| +71% | +$13.9M |
|
165
Carlisle Companies
CSL
$14.6B
| $36.1M | 0.11% |
454,882
+289,155
| +174% | +$21.2M |
|
166
F5
FFIV
$21.8B
| $36.1M | 0.11% |
+396,913
| New | +$33.8M |
|
167
Duke Energy
DUK
$93.4B
| $35.9M | 0.11% |
520,193
+374,065
| +256% | +$26.2M |
|
168
Diamondback Energy
FANG
$59B
| $35.8M | 0.11% |
676,062
+180,855
| +37% | +$8.99M |
|
169
PNC Financial Services
PNC
$97B
| $35.6M | 0.11% |
458,494
-75,982
| -14% | -$5.7M |
|
|
KOG
170
DELISTED
KODIAK OIL & GAS CORP
KOG
| $35.2M | 0.11% |
3,140,053
+2,188,304
| +230% | +$26.2M |
|
171
NOV
NOV
$7.28B
| $35M | 0.11% |
487,809
+455,758
| +1,422% | +$33.1M |
|
172
Whirlpool
WHR
$2.63B
| $34.9M | 0.11% |
222,366
+159,395
| +253% | +$23.4M |
|
173
NetApp
NTAP
$37.7B
| $34.5M | 0.11% |
838,623
+329,285
| +65% | +$13.4M |
|
|
PACW
174
DELISTED
PacWest Bancorp
PACW
| $34.5M | 0.11% |
816,001
-264,896
| -25% | -$10.4M |
|
|
GAP
175
The Gap Inc
GAP
$7.13B
| $34.5M | 0.11% |
881,528
-180,462
| -17% | -$7.07M |
|
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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.