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 | |
|---|---|---|---|---|---|---|
|
MDVN
2426
DELISTED
MEDIVATION, INC.
MDVN
| $791K | ﹤0.01% |
24,800
-467,110
| -95% | -$14.1M |
|
2427
Standard Motor Products
SMP
$838M
| $790K | ﹤0.01% |
+21,459
| New | +$739K |
|
2428
CALL
Carnival Corporation Ltd
CCL
$35.8B
| $783K | ﹤0.01% |
+32,300
| New | +$1.14M |
|
2429
CVS Health
CVS
$119B
| $783K | ﹤0.01% |
10,944
-174,480
| -94% | -$11.2M |
|
2430
DHT Holdings
DHT
$3.09B
| $782K | ﹤0.01% |
+114,302
| New | +$627K |
|
2431
CALL
Vail Resorts
MTN
$5.27B
| $782K | ﹤0.01% |
+10,400
| New | +$751K |
|
2432
Boston Beer
SAM
$1.95B
| $782K | ﹤0.01% |
3,235
+2,136
| +194% | +$513K |
|
2433
CALL
Copart
CPRT
$30.9B
| $781K | ﹤0.01% |
170,400
+101,600
| +148% | +$426K |
|
2434
Tennant Co
TNC
$1.19B
| $779K | ﹤0.01% |
+11,489
| New | +$734K |
|
2435
Forward Air
FWRD
$588M
| $777K | ﹤0.01% |
17,700
+241
| +1% | +$10K |
|
|
APFC
2436
DELISTED
AMERICAN PACIFIC CORP
APFC
| $777K | ﹤0.01% |
20,846
+16,646
| +396% | +$739K |
|
|
CYBX
2437
PUT
DELISTED
CYBERONICS INC
CYBX
| $772K | ﹤0.01% |
+11,800
| New | +$715K |
|
2438
Cimpress
CMPR
$2.14B
| $771K | ﹤0.01% |
+13,562
| New | +$753K |
|
|
GAS
2439
DELISTED
AGL Resources Inc
GAS
| $770K | ﹤0.01% |
16,300
-51,454
| -76% | -$2.4M |
|
|
ALEX
2440
DELISTED
Alexander & Baldwin
ALEX
| $768K | ﹤0.01% |
18,400
-27,545
| -60% | -$1.06M |
|
2441
Angi Inc
ANGI
$200M
| $768K | ﹤0.01% |
+5,070
| New | +$724K |
|
2442
PUT
Herc Holdings
HRI
$5.22B
| $764K | ﹤0.01% |
+8,900
| New | +$636K |
|
2443
St. Joe Company
JOE
$3.96B
| $764K | ﹤0.01% |
39,813
+15,359
| +63% | +$285K |
|
|
ACO
2444
DELISTED
AMCOL International Corp
ACO
| $764K | ﹤0.01% |
22,492
+776
| +4% | +$24.9K |
|
2445
Amkor Technology
AMKR
$12.1B
| $763K | ﹤0.01% |
124,529
-94,350
| -43% | -$503K |
|
2446
Standex International
SXI
$3.69B
| $760K | ﹤0.01% |
12,079
-3,205
| -21% | -$194K |
|
|
AMSG
2447
DELISTED
Amsurg Corp
AMSG
| $760K | ﹤0.01% |
+16,549
| New | +$731K |
|
2448
Telecom Argentina
TEO
$5.82B
| $758K | ﹤0.01% |
43,947
-52,552
| -54% | -$996K |
|
|
ITC
2449
PUT
DELISTED
ITC HOLDINGS CORP
ITC
| $757K | ﹤0.01% |
23,700
+15,300
| +182% | +$488K |
|
2450
Cognex
CGNX
$10.1B
| $756K | ﹤0.01% |
+39,600
| New | +$643K |
|
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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.