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 | |
|---|---|---|---|---|---|---|
1926
Strategic Education
STRA
$1.89B
| $1.7M | 0.01% |
49,249
+22,645
| +85% | +$878K |
|
|
FNGN
1927
DELISTED
Financial Engines, Inc.
FNGN
| $1.7M | 0.01% |
24,423
+13,110
| +116% | +$807K |
|
1928
Columbia Banking Systems
COLB
$8.69B
| $1.7M | 0.01% |
61,660
+31,675
| +106% | +$830K |
|
1929
Scansource
SCSC
$1.14B
| $1.69M | 0.01% |
39,917
+2,966
| +8% | +$117K |
|
|
CTLP
1930
DELISTED
Cantaloupe
CTLP
| $1.69M | 0.01% |
935,000
+50,000
| +6% | +$86.7K |
|
1931
Virtus Investment Partners
VRTS
$1.12B
| $1.69M | 0.01% |
8,456
+4,535
| +116% | +$871K |
|
1932
EnerSys
ENS
$6.96B
| $1.69M | 0.01% |
+24,123
| New | +$1.62M |
|
1933
Entergy
ETR
$50B
| $1.69M | 0.01% |
+53,440
| New | +$1.7M |
|
1934
Harmonic Inc
HLIT
$1.36B
| $1.69M | 0.01% |
229,076
+132,442
| +137% | +$983K |
|
1935
CALL
Vanda Pharmaceuticals
VNDA
$323M
| $1.69M | 0.01% |
135,900
-26,900
| -17% | -$270K |
|
1936
TJX Companies
TJX
$151B
| $1.68M | 0.01% |
+52,800
| New | +$1.6M |
|
1937
CALL
Gold Fields
GFI
$42.6B
| $1.68M | 0.01% |
+525,000
| New | +$2.15M |
|
1938
Verisk Analytics
VRSK
$24.5B
| $1.67M | 0.01% |
25,461
-18,268
| -42% | -$1.2M |
|
|
ALTR
1939
PUT
DELISTED
Altera Corp
ALTR
| $1.67M | 0.01% |
+51,200
| New | +$1.71M |
|
|
TWTR
1940
PUT
DELISTED
Twitter, Inc.
TWTR
| $1.66M | 0.01% |
+26,100
| New | +$1.3M |
|
1941
Selective Insurance
SIGI
$5.5B
| $1.66M | 0.01% |
61,194
+25,529
| +72% | +$671K |
|
1942
Hyster-Yale Materials Handling
HY
$622M
| $1.65M | 0.01% |
17,736
+11,792
| +198% | +$1.03M |
|
1943
World Acceptance Corp
WRLD
$891M
| $1.65M | 0.01% |
18,843
+12,290
| +188% | +$1.15M |
|
1944
CALL
Sarepta Therapeutics
SRPT
$2.06B
| $1.65M | 0.01% |
80,900
-67,500
| -45% | -$2.01M |
|
|
SCTY
1945
DELISTED
SolarCity Corporation
SCTY
| $1.65M | 0.01% |
28,947
-119,609
| -81% | -$6.15M |
|
|
SCG
1946
CALL
DELISTED
Scana
SCG
| $1.64M | 0.01% |
+35,000
| New | +$1.64M |
|
1947
Veracyte
VCYT
$3.56B
| $1.64M | 0.01% |
+113,061
| New | +$1.47M |
|
|
TA
1948
DELISTED
TravelCenters of America LLC
TA
| $1.64M | 0.01% |
33,657
+27,777
| +472% | +$1.27M |
|
|
ALTR
1949
CALL
DELISTED
Altera Corp
ALTR
| $1.64M | 0.01% |
+50,400
| New | +$1.69M |
|
|
SBNY
1950
DELISTED
Signature Bank
SBNY
| $1.64M | 0.01% |
+15,239
| New | +$1.56M |
|
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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.