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 | |
|---|---|---|---|---|---|---|
176
General Motors
GM
$77.2B
| $34.3M | 0.11% |
840,423
-52,652
| -6% | -$1.99M |
|
177
Northrop Grumman
NOC
$78.3B
| $34.3M | 0.11% |
299,665
-90,444
| -23% | -$9.68M |
|
|
SKX
178
DELISTED
Skechers
SKX
| $34.3M | 0.11% |
3,109,389
-316,863
| -9% | -$3.3M |
|
179
TripAdvisor
TRIP
$1.17B
| $34.3M | 0.11% |
414,228
+305,881
| +282% | +$25M |
|
180
Targa Resources
TRGP
$64.1B
| $34.2M | 0.11% |
387,990
-420,542
| -52% | -$33.2M |
|
|
INFA
181
DELISTED
INFORMATICA CORP
INFA
| $33.9M | 0.11% |
816,405
+167,421
| +26% | +$6.52M |
|
|
LNKD
182
DELISTED
LinkedIn Corporation
LNKD
| $33.6M | 0.11% |
154,919
+22,595
| +17% | +$5.14M |
|
183
Morgan Stanley
MS
$336B
| $33.5M | 0.11% |
1,069,597
+394,831
| +59% | +$11.7M |
|
184
Tidewater
TDW
$4.74B
| $33.5M | 0.11% |
17,544
+1,916
| +12% | +$3.64M |
|
185
Philip Morris
PM
$293B
| $33.4M | 0.11% |
383,428
-71,043
| -16% | -$6.2M |
|
|
WOOF
186
DELISTED
VCA Inc.
WOOF
| $33.3M | 0.11% |
1,063,375
-55,687
| -5% | -$1.62M |
|
|
SPPI
187
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $33.1M | 0.1% |
3,735,858
+859,671
| +30% | +$7.68M |
|
188
Methanex
MEOH
$4.65B
| $32.9M | 0.1% |
555,100
-141,383
| -20% | -$8.16M |
|
189
Western Digital
WDC
$166B
| $32.7M | 0.1% |
516,175
-28,681
| -5% | -$1.6M |
|
190
Oceaneering
OII
$5.28B
| $32.7M | 0.1% |
+414,755
| New | +$33.7M |
|
191
Bank of Hawaii
BOH
$3.06B
| $32.4M | 0.1% |
547,330
+243,923
| +80% | +$14M |
|
|
SWN
192
CALL
DELISTED
Southwestern Energy Company
SWN
| $32.3M | 0.1% |
821,200
+81,400
| +11% | +$3.06M |
|
193
Union Pacific
UNP
$183B
| $32.3M | 0.1% |
384,338
-150,928
| -28% | -$12M |
|
194
Johnson Controls International
JCI
$86.7B
| $32.2M | 0.1% |
600,356
-205,778
| -26% | -$10.1M |
|
|
LBMH
195
DELISTED
LIBERATOR MED HLDGS INC (NY)
LBMH
| $32.2M | 0.1% |
+7,728,202
| New | +$28.6M |
|
196
Bank of America
BAC
$431B
| $32.2M | 0.1% |
2,066,816
+1,581,794
| +326% | +$23.5M |
|
|
P
197
DELISTED
Pandora Media Inc
P
| $32.1M | 0.1% |
1,208,219
+1,026,319
| +564% | +$28.1M |
|
|
MWE
198
CALL
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $32.1M | 0.1% |
+485,000
| New | +$33.7M |
|
199
Lennar Class A
LEN
$21B
| $31.5M | 0.1% |
837,668
-446,207
| -35% | -$15.1M |
|
200
Verizon
VZ
$205B
| $31.4M | 0.1% |
639,752
+431,620
| +207% | +$21.2M |
|
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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.