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 | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.68B | 8.45% |
14,505,500
-13,721,100
| -49% | -$2.43B |
|
|
PPL
2
PPL Corp
PPL
$25.9B
| $274M | 0.87% |
9,791,152
+1,178,079
| +14% | +$33.2M |
|
|
3
NextEra Energy
NEE
$174B
| $274M | 0.86% |
12,794,508
+5,769,092
| +82% | +$122M |
|
4
American Electric Power
AEP
$65.8B
| $248M | 0.78% |
5,304,532
+865,963
| +20% | +$40M |
|
5
CMS Energy
CMS
$21.4B
| $212M | 0.67% |
7,909,476
+800,199
| +11% | +$21.5M |
|
6
Alphabet (Google) Class C
GOOG
$4.18T
| $182M | 0.58% |
6,527,254
+2,877,545
| +79% | +$72.8M |
|
|
ANDV
7
DELISTED
Andeavor
ANDV
| $181M | 0.57% |
3,086,876
+924,189
| +43% | +$48.1M |
|
8
NRG Energy
NRG
$23.8B
| $163M | 0.52% |
5,692,834
+1,443,001
| +34% | +$40.3M |
|
9
CALL
Perrigo
PRGO
$1.98B
| $162M | 0.51% |
1,057,300
+994,300
| +1,578% | +$143M |
|
|
10
Gilead Sciences
GILD
$181B
| $156M | 0.49% |
2,083,084
+1,745,152
| +516% | +$122M |
|
11
EOG Resources
EOG
$80.3B
| $155M | 0.49% |
1,851,576
+1,172,246
| +173% | +$100M |
|
|
BHI
12
DELISTED
Baker Hughes
BHI
| $149M | 0.47% |
2,705,118
-1,533,161
| -36% | -$84M |
|
|
AGN
13
DELISTED
Allergan plc
AGN
| $147M | 0.46% |
873,069
+683,577
| +361% | +$107M |
|
14
Meta Platforms (Facebook)
META
$1.4T
| $135M | 0.43% |
2,465,938
+1,274,026
| +107% | +$64M |
|
15
OGE Energy
OGE
$9.42B
| $134M | 0.42% |
3,957,245
+1,262,048
| +47% | +$45.2M |
|
|
16
Ameren
AEE
$29.4B
| $134M | 0.42% |
3,695,266
+3,283,978
| +798% | +$118M |
|
17
Valero Energy
VLO
$100B
| $133M | 0.42% |
2,631,152
+1,794,801
| +215% | +$75.6M |
|
|
18
DTE Energy
DTE
$28.1B
| $127M | 0.4% |
2,252,402
+2,113,892
| +1,526% | +$121M |
|
19
Sempra
SRE
$54.2B
| $126M | 0.4% |
2,817,364
-791,368
| -22% | -$35.1M |
|
|
20
Perrigo
PRGO
$1.98B
| $126M | 0.4% |
817,866
+433,137
| +113% | +$62.4M |
|
21
Medtronic
MDT
$119B
| $125M | 0.4% |
2,182,898
+937,279
| +75% | +$53.1M |
|
|
22
PUT
Perrigo
PRGO
$1.98B
| $119M | 0.38% |
+775,000
| New | +$112M |
|
23
Teva Pharmaceuticals
TEVA
$43.5B
| $115M | 0.36% |
2,866,340
+2,005,183
| +233% | +$79M |
|
|
ALXN
24
DELISTED
Alexion Pharmaceuticals
ALXN
| $115M | 0.36% |
861,790
+502,267
| +140% | +$60.3M |
|
25
NiSource
NI
$19.5B
| $113M | 0.36% |
8,743,543
-1,900,301
| -18% | -$23.6M |
|
Similar funds
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.