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 | Miscellaneous | 24.69% |
| 2 | Healthcare | 12.31% |
| 3 | Energy | 11.61% |
| 4 | Utilities | 8.18% |
| 5 | Financials | 7.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
First Commonwealth Financial
FCF
$2.1B
| $1.59M | 0.01% |
+179,872
| New | +$1.55M |
|
|
ARGO
1977
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $1.59M | 0.01% |
+47,482
| New | +$1.51M |
|
|
MNK
1978
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $1.59M | 0.01% |
30,341
+23,642
| +353% | +$1.13M |
|
1979
CALL
Advance Auto Parts
AAP
$2.6B
| $1.58M | 0.01% |
+14,300
| New | +$1.42M |
|
1980
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $1.58M | 0.01% |
36,775
-62,892
| -63% | -$2.65M |
|
|
SJI
1981
DELISTED
South Jersey Industries, Inc.
SJI
| $1.58M | 0.01% |
+56,386
| New | +$1.61M |
|
|
FST
1982
DELISTED
FOREST OIL CORPORATION
FST
| $1.58M | 0.01% |
+436,500
| New | +$1.98M |
|
|
OME
1983
DELISTED
Omega Protein
OME
| $1.57M | 0.01% |
128,161
+113,261
| +760% | +$1.33M |
|
1984
Tyler Technologies
TYL
$15.2B
| $1.57M | 0.01% |
+15,407
| New | +$1.5M |
|
|
MBFI
1985
DELISTED
MB Financial Corp
MBFI
| $1.57M | 0.01% |
49,099
+16,073
| +49% | +$489K |
|
1986
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $1.57M | 0.01% |
13,103
+7,095
| +118% | +$860K |
|
1987
Owens Corning
OC
$11.3B
| $1.57M | 0.01% |
38,596
-603,910
| -94% | -$22.9M |
|
1988
PUT
Deere & Co
DE
$168B
| $1.57M | 0.01% |
17,200
-52,000
| -75% | -$4.4M |
|
1989
Blackbaud
BLKB
$2.22B
| $1.57M | 0.01% |
41,704
-30,880
| -43% | -$1.15M |
|
|
DBD
1990
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.57M | ﹤0.01% |
47,446
-65,728
| -58% | -$2.05M |
|
1991
Vail Resorts
MTN
$5.24B
| $1.56M | ﹤0.01% |
20,809
+10,833
| +109% | +$783K |
|
|
CIT
1992
CALL
DELISTED
CIT Group Inc.
CIT
| $1.56M | ﹤0.01% |
+30,000
| New | +$1.49M |
|
|
RDEN
1993
DELISTED
ELIZABETH ARDEN INC
RDEN
| $1.56M | ﹤0.01% |
44,037
-20,613
| -32% | -$768K |
|
1994
United Airlines
UAL
$37B
| $1.56M | ﹤0.01% |
41,200
-174,854
| -81% | -$6.12M |
|
|
LKM
1995
DELISTED
Link Motion Inc.
LKM
| $1.56M | ﹤0.01% |
105,950
+82,306
| +348% | +$1.22M |
|
|
NAV
1996
CALL
DELISTED
Navistar International
NAV
| $1.55M | ﹤0.01% |
40,700
-8,000
| -16% | -$306K |
|
1997
Harmony Gold Mining
HMY
$13.2B
| $1.55M | ﹤0.01% |
611,273
+531,027
| +662% | +$1.59M |
|
|
DCOM
1998
DELISTED
Dime Community Bancshares
DCOM
| $1.54M | ﹤0.01% |
+91,124
| New | +$1.51M |
|
1999
DHI Group
DHX
$182M
| $1.54M | ﹤0.01% |
212,593
+104,320
| +96% | +$800K |
|
2000
First Bancorp
FBP
$4.25B
| $1.54M | ﹤0.01% |
248,927
+48,945
| +24% | +$280K |
|
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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 deployed $1.28B of net new capital in Q4 2013, opening 937 new positions and adding to 1,261 existing holdings. Its largest new stake was Crown Holdings: 1,441,595 shares worth $64.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 25% of assets, down from 34% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was Dominion Energy, an estimated $125M trimmed.
- 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.