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 | |
|---|---|---|---|---|---|---|
|
FTD
1901
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $1.78M | 0.01% |
+54,634
| New | +$1.77M |
|
|
PGI
1902
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $1.78M | 0.01% |
153,288
+51,417
| +50% | +$506K |
|
1903
California Water Service
CWT
$3.11B
| $1.76M | 0.01% |
76,512
+53,638
| +234% | +$1.17M |
|
|
CIR
1904
DELISTED
CIRCOR International, Inc
CIR
| $1.76M | 0.01% |
21,823
-7,503
| -26% | -$547K |
|
1905
Manulife Financial
MFC
$71.7B
| $1.76M | 0.01% |
89,017
-142,229
| -62% | -$2.6M |
|
1906
SLR Investment Corp
SLRC
$682M
| $1.75M | 0.01% |
77,752
+66,152
| +570% | +$1.49M |
|
|
STSA
1907
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
| $1.75M | 0.01% |
51,416
| – | – |
|
|
WLH
1908
DELISTED
WILLIAM LYON HOMES
WLH
| $1.75M | 0.01% |
78,953
+60,212
| +321% | +$1.31M |
|
|
SPTN
1909
DELISTED
SpartanNash
SPTN
| $1.74M | 0.01% |
+71,762
| New | +$1.66M |
|
1910
Stagwell
STGW
$2.11B
| $1.74M | 0.01% |
68,294
-931
| -1% | -$20.2K |
|
|
AIMC
1911
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.74M | 0.01% |
+50,732
| New | +$1.52M |
|
1912
ICU Medical
ICUI
$4.49B
| $1.74M | 0.01% |
27,238
+14,087
| +107% | +$907K |
|
1913
eHealth
EHTH
$38.1M
| $1.73M | 0.01% |
37,300
+28,836
| +341% | +$1.2M |
|
1914
Comstock Resources
CRK
$4.26B
| $1.73M | 0.01% |
18,901
-1,638
| -8% | -$142K |
|
1915
CALL
Owens Corning
OC
$11.5B
| $1.73M | 0.01% |
42,400
| – | – |
|
|
MKTO
1916
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $1.73M | 0.01% |
46,590
-53,427
| -53% | -$1.76M |
|
1917
Unisys
UIS
$190M
| $1.73M | 0.01% |
51,399
-172,193
| -77% | -$4.77M |
|
1918
Advanced Energy
AEIS
$11.3B
| $1.72M | 0.01% |
75,419
-284,733
| -79% | -$6.1M |
|
|
NLSN
1919
DELISTED
Nielsen Holdings plc
NLSN
| $1.72M | 0.01% |
37,467
+20,049
| +115% | +$819K |
|
|
AET
1920
CALL
DELISTED
Aetna Inc
AET
| $1.72M | 0.01% |
25,000
-900
| -3% | -$58.7K |
|
1921
Grupo Cibest SA
CIB
$23.9B
| $1.71M | 0.01% |
34,932
+29,136
| +503% | +$1.55M |
|
1922
ResMed
RMD
$34B
| $1.71M | 0.01% |
+36,220
| New | +$1.83M |
|
|
EMWP
1923
DELISTED
Eros Media World PLC
EMWP
| $1.7M | 0.01% |
+7,670
| New | +$1.65M |
|
1924
Jefferies Financial Group
JEF
$12.2B
| $1.7M | 0.01% |
66,995
+41,434
| +162% | +$1.05M |
|
|
YOKU
1925
CALL
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $1.7M | 0.01% |
56,100
-90,100
| -62% | -$2.59M |
|
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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.