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 | |
|---|---|---|---|---|---|---|
|
RVBD
2451
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $756K | ﹤0.01% |
41,806
-177,023
| -81% | -$2.87M |
|
2452
PUT
Bank of Montreal
BMO
$121B
| $753K | ﹤0.01% |
11,300
-200
| -2% | -$13.6K |
|
2453
iShares MSCI South Korea ETF
EWY
$28B
| $752K | ﹤0.01% |
+11,621
| New | +$737K |
|
2454
CALL
Illumina
ILMN
$34B
| $752K | ﹤0.01% |
+6,990
| New | +$640K |
|
2455
PUT
Ciena
CIEN
$54.9B
| $751K | ﹤0.01% |
+31,400
| New | +$748K |
|
2456
Mitsubishi UFJ Financial
MUFG
$251B
| $751K | ﹤0.01% |
112,425
-146,987
| -57% | -$942K |
|
2457
Scully Royalty
SRL
$87.6M
| $749K | ﹤0.01% |
18,751
+13,613
| +265% | +$541K |
|
|
XONE
2458
DELISTED
The ExOne Company
XONE
| $749K | ﹤0.01% |
12,396
-13,589
| -52% | -$736K |
|
|
SWY
2459
CALL
DELISTED
SAFEWAY INC
SWY
| $749K | ﹤0.01% |
25,691
-142,082
| -85% | -$4.27M |
|
|
SGM
2460
DELISTED
Stonegate Mortgage Corporation
SGM
| $748K | ﹤0.01% |
+45,222
| New | +$774K |
|
2461
Carnival Corporation Ltd
CCL
$35.8B
| $747K | ﹤0.01% |
18,608
-241,077
| -93% | -$8.51M |
|
2462
Magna International
MGA
$17.7B
| $747K | ﹤0.01% |
+18,204
| New | +$753K |
|
|
RUTH
2463
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $746K | ﹤0.01% |
52,469
-50,558
| -49% | -$665K |
|
|
ORAN
2464
DELISTED
Orange
ORAN
| $743K | ﹤0.01% |
60,159
+36,754
| +157% | +$476K |
|
|
BCPC
2465
Balchem Corp
BCPC
$5.72B
| $742K | ﹤0.01% |
+12,633
| New | +$713K |
|
|
PAY
2466
PUT
DELISTED
Verifone Systems Inc
PAY
| $740K | ﹤0.01% |
27,600
-1,400
| -5% | -$33.5K |
|
2467
CALL
Cirrus Logic
CRUS
$5.58B
| $739K | ﹤0.01% |
36,200
-211,900
| -85% | -$4.57M |
|
2468
Super Micro Computer
SMCI
$24.9B
| $735K | ﹤0.01% |
428,590
+238,420
| +125% | +$360K |
|
|
FRGI
2469
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $734K | ﹤0.01% |
14,057
-3,013
| -18% | -$134K |
|
|
AAWW
2470
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $734K | ﹤0.01% |
17,839
-56,792
| -76% | -$2.32M |
|
|
CLR
2471
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $731K | ﹤0.01% |
+12,990
| New | +$726K |
|
|
CLMS
2472
DELISTED
Calamos Asset Management, Inc.
CLMS
| $731K | ﹤0.01% |
61,717
+31,061
| +101% | +$323K |
|
2473
Costamare
CMRE
$1.91B
| $730K | ﹤0.01% |
39,973
-10,858
| -21% | -$193K |
|
|
IO
2474
DELISTED
ION Geophysical Corporation
IO
| $730K | ﹤0.01% |
14,745
+8,669
| +143% | +$526K |
|
|
NFX
2475
PUT
DELISTED
Newfield Exploration
NFX
| $729K | ﹤0.01% |
+29,600
| New | +$830K |
|
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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.