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 | |
|---|---|---|---|---|---|---|
201
Watsco Inc
WSO
$12.9B
| $31.3M | 0.1% |
326,070
+74,768
| +30% | +$7.1M |
|
202
Zions Bancorporation
ZION
$9.95B
| $31.2M | 0.1% |
1,040,330
-726,484
| -41% | -$20.9M |
|
|
RPAI
203
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $31.1M | 0.1% |
+2,445,583
| New | +$33.1M |
|
|
DISH
204
DELISTED
DISH Network Corp.
DISH
| $31.1M | 0.1% |
536,150
-804,241
| -60% | -$41.2M |
|
205
Visteon
VC
$2.83B
| $30.7M | 0.1% |
375,047
+206,815
| +123% | +$16M |
|
|
LO
206
DELISTED
LORILLARD INC COM STK
LO
| $30.5M | 0.1% |
602,686
+589,313
| +4,407% | +$29.4M |
|
207
Bankunited
BKU
$3.3B
| $30.4M | 0.1% |
924,909
+912,680
| +7,463% | +$29M |
|
208
Bloomin' Brands
BLMN
$996M
| $30.4M | 0.1% |
1,267,698
+1,080,898
| +579% | +$26.1M |
|
|
RAD
209
DELISTED
Rite Aid Corporation
RAD
| $30.4M | 0.1% |
300,617
-81,052
| -21% | -$8.62M |
|
210
HCA Healthcare
HCA
$92.9B
| $30.4M | 0.1% |
+637,184
| New | +$29.4M |
|
211
Icon
ICLR
$13.3B
| $30.3M | 0.1% |
750,134
+441,064
| +143% | +$17.5M |
|
212
PUT
Expedia Group
EXPE
$38.6B
| $30.3M | 0.1% |
434,400
+53,900
| +14% | +$3.17M |
|
213
TE Connectivity
TEL
$58.9B
| $30.1M | 0.1% |
546,771
-302,184
| -36% | -$15.9M |
|
214
APA Corp
APA
$15.2B
| $29.7M | 0.09% |
345,149
-325,129
| -49% | -$28.9M |
|
215
SiriusXM
SIRI
$9.67B
| $29.3M | 0.09% |
840,779
+322,051
| +62% | +$12M |
|
|
DF
216
DELISTED
Dean Foods Company
DF
| $29.2M | 0.09% |
1,700,542
+1,620,837
| +2,034% | +$29.5M |
|
217
Melco Resorts & Entertainment
MLCO
$2.09B
| $29.2M | 0.09% |
744,646
+193,383
| +35% | +$6.83M |
|
|
STJ
218
DELISTED
St Jude Medical
STJ
| $29.2M | 0.09% |
470,864
+124,235
| +36% | +$7.19M |
|
|
MRO
219
DELISTED
Marathon Oil Corporation
MRO
| $29.2M | 0.09% |
826,095
+12,623
| +2% | +$450K |
|
220
Graphic Packaging
GPK
$3.54B
| $29M | 0.09% |
3,018,772
+1,131,799
| +60% | +$9.91M |
|
|
CMA.WS
221
DELISTED
Comerica Incorporated Ws
CMA.WS
| $29M | 0.09% |
1,519,783
-12,700
| -0.8% | -$211K |
|
|
HBI
222
DELISTED
Hanesbrands
HBI
| $28.8M | 0.09% |
1,640,992
+1,014,996
| +162% | +$16.9M |
|
223
CALL
GE Aerospace
GE
$361B
| $28.7M | 0.09% |
+213,795
| New | +$26.9M |
|
|
VSI
224
DELISTED
Vitamin Shoppe Inc.
VSI
| $28.5M | 0.09% |
548,371
-438,213
| -44% | -$21.7M |
|
225
First Horizon
FHN
$11.7B
| $28.4M | 0.09% |
2,438,869
+2,368,185
| +3,350% | +$26.5M |
|
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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.