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 | |
|---|---|---|---|---|---|---|
|
BKCC
2051
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $1.43M | ﹤0.01% |
152,765
-28,832
| -16% | -$274K |
|
|
WAC
2052
PUT
DELISTED
Walter Investment Mgt Corp
WAC
| $1.42M | ﹤0.01% |
+40,200
| New | +$1.51M |
|
2053
Nordic American Tanker
NAT
$1.46B
| $1.42M | ﹤0.01% |
+149,561
| New | +$1.24M |
|
2054
Sabra Healthcare REIT
SBRA
$5.29B
| $1.41M | ﹤0.01% |
53,788
-475,285
| -90% | -$12.3M |
|
2055
CALL
Biogen
BIIB
$32.7B
| $1.4M | ﹤0.01% |
5,000
+200
| +4% | +$51.7K |
|
|
EVOL
2056
DELISTED
Evolving Systems, Inc.
EVOL
| $1.4M | ﹤0.01% |
143,494
+1,900
| +1% | +$19.2K |
|
2057
BGC Group
BGC
$5.64B
| $1.4M | ﹤0.01% |
358,989
+290,415
| +424% | +$1.06M |
|
|
DRE
2058
DELISTED
Duke Realty Corp.
DRE
| $1.4M | ﹤0.01% |
+92,900
| New | +$1.45M |
|
2059
Beazer Homes USA
BZH
$885M
| $1.4M | ﹤0.01% |
57,137
-3,163
| -5% | -$62.6K |
|
|
ECOM
2060
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $1.4M | ﹤0.01% |
33,452
-37,082
| -53% | -$1.38M |
|
2061
PUT
Gold Fields
GFI
$43.1B
| $1.39M | ﹤0.01% |
+435,400
| New | +$1.78M |
|
|
AXAS
2062
DELISTED
Abraxas Petroleum Corp
AXAS
| $1.39M | ﹤0.01% |
21,358
+8,109
| +61% | +$525K |
|
|
DFT
2063
DELISTED
DuPont Fabros Technology Inc.
DFT
| $1.39M | ﹤0.01% |
+56,322
| New | +$1.37M |
|
|
BKS
2064
CALL
DELISTED
Barnes & Noble
BKS
| $1.39M | ﹤0.01% |
141,918
-96,138
| -40% | -$926K |
|
2065
Compañía de Cervecerías Unidas
CCU
$2.28B
| $1.39M | ﹤0.01% |
57,586
-12,159
| -17% | -$308K |
|
2066
LCI Industries
LCII
$2.51B
| $1.39M | ﹤0.01% |
27,104
-32,308
| -54% | -$1.64M |
|
|
KRA
2067
DELISTED
Kraton Corporation
KRA
| $1.39M | ﹤0.01% |
60,094
-79,007
| -57% | -$1.71M |
|
|
CMCSK
2068
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $1.38M | ﹤0.01% |
27,756
-33,093
| -54% | -$1.65M |
|
|
STR
2069
CALL
DELISTED
QUESTAR CORP
STR
| $1.38M | ﹤0.01% |
60,000
+10,000
| +20% | +$229K |
|
|
RPXC
2070
DELISTED
RPX Corporation
RPXC
| $1.38M | ﹤0.01% |
81,490
+42,890
| +111% | +$730K |
|
2071
Omnicell
OMCL
$1.54B
| $1.37M | ﹤0.01% |
53,823
-53,198
| -50% | -$1.27M |
|
2072
The Ensign Group
ENSG
$10.2B
| $1.37M | ﹤0.01% |
+121,570
| New | +$1.34M |
|
2073
CALL
Bunge Global
BG
$21.6B
| $1.37M | ﹤0.01% |
16,700
+1,400
| +9% | +$113K |
|
|
FCH
2074
DELISTED
Felcor Lodging Trust
FCH
| $1.36M | ﹤0.01% |
166,546
+90,341
| +119% | +$626K |
|
2075
CONMED
CNMD
$1.52B
| $1.35M | ﹤0.01% |
31,860
+4,049
| +15% | +$154K |
|
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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.