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 | |
|---|---|---|---|---|---|---|
|
UBNK
2126
DELISTED
United Financial Bancorp, Inc.
UBNK
| $1.26M | ﹤0.01% |
88,844
+65,941
| +288% | +$908K |
|
2127
PUT
FedEx
FDX
$79.5B
| $1.25M | ﹤0.01% |
8,700
+3,900
| +81% | +$516K |
|
|
FIO
2128
PUT
DELISTED
FUSION-IO INC COM
FIO
| $1.25M | ﹤0.01% |
140,200
| – | – |
|
|
VMW
2129
PUT
DELISTED
VMware, Inc
VMW
| $1.25M | ﹤0.01% |
13,900
-31,100
| -69% | -$2.57M |
|
|
VMRK
2130
Vivmark Residential
VMRK
$26.7B
| $1.24M | ﹤0.01% |
+23,989
| New | +$1.26M |
|
|
CALD
2131
DELISTED
Callidus Software, Inc.
CALD
| $1.24M | ﹤0.01% |
90,584
+36,789
| +68% | +$403K |
|
|
NTP
2132
DELISTED
Nam Tai Property Inc.
NTP
| $1.24M | ﹤0.01% |
174,206
+117,342
| +206% | +$888K |
|
2133
Kelly Services Class A
KELYA
$590M
| $1.24M | ﹤0.01% |
49,794
+38,018
| +323% | +$828K |
|
|
IBTX
2134
DELISTED
Independent Bank Group, Inc.
IBTX
| $1.24M | ﹤0.01% |
25,000
| – | – |
|
2135
BOK Financial
BOKF
$8.41B
| $1.24M | ﹤0.01% |
18,640
+14,866
| +394% | +$940K |
|
2136
CALL
Myriad Genetics
MYGN
$298M
| $1.23M | ﹤0.01% |
58,800
-68,000
| -54% | -$1.72M |
|
2137
Gold Fields
GFI
$42.6B
| $1.23M | ﹤0.01% |
384,857
+322,257
| +515% | +$1.32M |
|
2138
Kamada
KMDA
$483M
| $1.22M | ﹤0.01% |
82,307
-67,910
| -45% | -$1.02M |
|
|
ANR
2139
CALL
DELISTED
Alpha Natural Resources Inc
ANR
| $1.22M | ﹤0.01% |
170,400
-205,000
| -55% | -$1.38M |
|
|
NUAN
2140
DELISTED
Nuance Communications, Inc.
NUAN
| $1.21M | ﹤0.01% |
92,285
-323,130
| -78% | -$4.44M |
|
2141
CALL
Royal Gold
RGLD
$22.5B
| $1.21M | ﹤0.01% |
+26,300
| New | +$1.24M |
|
2142
Akamai
AKAM
$15.5B
| $1.21M | ﹤0.01% |
25,583
-8,967
| -26% | -$423K |
|
|
2143
PUT
Royal Gold
RGLD
$22.5B
| $1.21M | ﹤0.01% |
+26,200
| New | +$1.24M |
|
2144
Telefônica Brasil
VIV
$18.6B
| $1.21M | ﹤0.01% |
+62,700
| New | +$1.27M |
|
2145
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$295M
| $1.2M | ﹤0.01% |
15,204
-76,904
| -83% | -$5.88M |
|
|
CELGZ
2146
DELISTED
Celgene Corporation Contingent Value Rights
CELGZ
| $1.2M | ﹤0.01% |
440,146
-354,932
| -45% | -$996K |
|
2147
Philips
PHG
$26.4B
| $1.2M | ﹤0.01% |
46,860
-69,409
| -60% | -$1.67M |
|
2148
Griffon
GFF
$4.57B
| $1.2M | ﹤0.01% |
+90,864
| New | +$1.16M |
|
|
WCG
2149
DELISTED
Wellcare Health Plans, Inc.
WCG
| $1.2M | ﹤0.01% |
17,025
-101,884
| -86% | -$7.11M |
|
2150
Expro Ltd
XPRO
$1.97B
| $1.19M | ﹤0.01% |
7,369
-118,079
| -94% | -$20M |
|
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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.