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 | |
|---|---|---|---|---|---|---|
2101
Progress Software
PRGS
$1.79B
| $1.3M | ﹤0.01% |
50,378
-118,615
| -70% | -$3.07M |
|
2102
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $1.3M | ﹤0.01% |
24,628
-6,738
| -21% | -$355K |
|
2103
Merit Medical Systems
MMSI
$5.41B
| $1.3M | ﹤0.01% |
82,495
+29,501
| +56% | +$448K |
|
|
S
2104
PUT
DELISTED
Sprint Corporation
S
| $1.3M | ﹤0.01% |
+120,600
| New | +$909K |
|
2105
Andersons Inc
ANDE
$2.22B
| $1.29M | ﹤0.01% |
21,777
+9,417
| +76% | +$501K |
|
2106
Murphy USA
MUSA
$9.77B
| $1.29M | ﹤0.01% |
31,138
+25,373
| +440% | +$1.08M |
|
2107
Pool Corp
POOL
$6.85B
| $1.29M | ﹤0.01% |
22,231
+12,612
| +131% | +$696K |
|
2108
KLA
KLAC
$240B
| $1.29M | ﹤0.01% |
199,910
-395,470
| -66% | -$2.49M |
|
|
GK
2109
DELISTED
G&K Services Inc
GK
| $1.29M | ﹤0.01% |
+20,710
| New | +$1.25M |
|
2110
New Mountain Finance
NMFC
$715M
| $1.29M | ﹤0.01% |
85,480
+35,401
| +71% | +$517K |
|
|
SFUN
2111
PUT
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $1.29M | ﹤0.01% |
+1,560
| New | +$980K |
|
2112
Fresenius Medical Care
FMS
$12.5B
| $1.28M | ﹤0.01% |
36,100
-87,284
| -71% | -$2.93M |
|
2113
IQVIA
IQV
$43B
| $1.28M | ﹤0.01% |
27,669
-48,119
| -63% | -$2.11M |
|
2114
CALL
JetBlue
JBLU
$1.88B
| $1.28M | ﹤0.01% |
150,000
| – | – |
|
|
2115
PUT
JetBlue
JBLU
$1.88B
| $1.28M | ﹤0.01% |
150,000
| – | – |
|
|
QLTY
2116
DELISTED
QUALITY DISTR INC FLA
QLTY
| $1.28M | ﹤0.01% |
99,437
-157,550
| -61% | -$1.78M |
|
|
MWW
2117
DELISTED
Monster Worldwide Inc
MWW
| $1.28M | ﹤0.01% |
178,993
-576,310
| -76% | -$3.01M |
|
|
PTP
2118
DELISTED
PLATINUM UNDERWRITERS HLDGS LTD
PTP
| $1.27M | ﹤0.01% |
20,768
+12,730
| +158% | +$781K |
|
2119
Dolby
DLB
$6.08B
| $1.27M | ﹤0.01% |
+33,000
| New | +$1.19M |
|
|
CB
2120
DELISTED
CHUBB CORPORATION
CB
| $1.27M | ﹤0.01% |
13,165
-207,460
| -94% | -$19.3M |
|
2121
Fluor
FLR
$6.96B
| $1.27M | ﹤0.01% |
15,808
+15,400
| +3,775% | +$1.18M |
|
2122
Invesco Mortgage Capital
IVR
$793M
| $1.27M | ﹤0.01% |
8,639
-2,884
| -25% | -$438K |
|
|
PETX
2123
DELISTED
Aratana Therapeutics, Inc.
PETX
| $1.27M | ﹤0.01% |
+66,374
| New | +$1.35M |
|
|
HNR
2124
DELISTED
Harvest Natural Resources
HNR
| $1.27M | ﹤0.01% |
70,100
+66,805
| +2,027% | +$1.19M |
|
2125
Matrix Service
MTRX
$302M
| $1.26M | ﹤0.01% |
+51,719
| New | +$1.1M |
|
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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.