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 |
American Electric Power
AEP
|
+$119M |
| 2 |
PPL
PPL Corp
PPL
|
+$104M |
| 3 |
CMS Energy
CMS
|
+$101M |
| 4 |
Johnson & Johnson
JNJ
|
+$75M |
| 5 |
Home Depot
HD
|
+$71.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Duke Energy
DUK
|
+$125M |
| 2 |
Ameren
AEE
|
+$85.8M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$76.1M |
| 4 |
Starwood Property Trust
STWD
|
+$72.3M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$69.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 11.48% |
| 2 | Healthcare | 8.5% |
| 3 | Consumer Discretionary | 7.28% |
| 4 | Utilities | 6.71% |
| 5 | Financials | 6.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2576
PUT
NETSCOUT
NTCT
$2.77B
| $472K | ﹤0.01% |
+18,500
| New | +$478K |
|
2577
PUT
Copa Holdings
CPA
$6.04B
| $471K | ﹤0.01% |
+3,400
| New | +$466K |
|
|
BLT
2578
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $471K | ﹤0.01% |
38,879
-5,619
| -13% | -$68.8K |
|
2579
CALL
Wolfspeed
WOLF
$1.31B
| $469K | ﹤0.01% |
7,800
-22,900
| -75% | -$1.46M |
|
|
PX
2580
CALL
DELISTED
Praxair Inc
PX
| $469K | ﹤0.01% |
+3,900
| New | +$463K |
|
|
FCH
2581
DELISTED
Felcor Lodging Trust
FCH
| $469K | ﹤0.01% |
76,205
+65,705
| +626% | +$394K |
|
|
CVGW
2582
DELISTED
Calavo Growers
CVGW
| $468K | ﹤0.01% |
15,489
+2,320
| +18% | +$63.9K |
|
2583
Diana Shipping
DSX
$342M
| $468K | ﹤0.01% |
+55,511
| New | +$425K |
|
2584
CALL
Ball Corp
BALL
$17B
| $467K | ﹤0.01% |
+20,800
| New | +$467K |
|
2585
PUT
Digital Realty Trust
DLR
$71.2B
| $467K | ﹤0.01% |
+8,800
| New | +$500K |
|
|
INTX
2586
DELISTED
Intersections, Inc.
INTX
| $467K | ﹤0.01% |
53,243
+23,206
| +77% | +$218K |
|
2587
Canadian National Railway
CNI
$76.9B
| $466K | ﹤0.01% |
9,200
-94,080
| -91% | -$4.64M |
|
2588
California Water Service
CWT
$3.13B
| $465K | ﹤0.01% |
22,874
-22,862
| -50% | -$471K |
|
|
NJ
2589
DELISTED
NIDEC CP (NIHON KABUSHIKI KAISHA)1 ADS REPTG .25 SH COM STK
NJ
| $465K | ﹤0.01% |
43,974
+15,038
| +52% | +$148K |
|
|
FOLD
2590
CALL
DELISTED
Amicus Therapeutics
FOLD
| $464K | ﹤0.01% |
200,000
-200,000
| -50% | -$502K |
|
2591
CALL
Royal Bank of Canada
RY
$288B
| $462K | ﹤0.01% |
+7,200
| New | +$447K |
|
2592
CALL
Centene
CNC
$32.1B
| $461K | ﹤0.01% |
+28,800
| New | +$415K |
|
2593
AtriCure
ATRC
$2.48B
| $460K | ﹤0.01% |
+41,932
| New | +$413K |
|
2594
A.O. Smith
AOS
$8.45B
| $458K | ﹤0.01% |
20,286
-107,028
| -84% | -$2.24M |
|
|
MODV
2595
DELISTED
ModivCare
MODV
| $458K | ﹤0.01% |
15,970
-8,701
| -35% | -$245K |
|
|
BODY
2596
PUT
DELISTED
BODY CENTRAL CORP COM STK
BODY
| $458K | ﹤0.01% |
75,000
| – | – |
|
|
SI
2597
CALL
DELISTED
SIEMENS AKTIENGESELLSCHAFT ADS
SI
| $458K | ﹤0.01% |
+3,800
| New | +$423K |
|
2598
CALL
Nordson
NDSN
$18.6B
| $457K | ﹤0.01% |
+6,200
| New | +$446K |
|
|
CCEC
2599
Capital Clean Energy Carriers
CCEC
$1.36B
| $457K | ﹤0.01% |
+7,261
| New | +$469K |
|
2600
Banco Macro
BMA
$4.97B
| $456K | ﹤0.01% |
+19,006
| New | +$341K |
|
Similar funds
Israel Englander's Q3 2013 Portfolio in Review
As of Q3 2013, Israel Englander held 3,899 positions worth $31.1B, down 4.8% from $32.6B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Israel Englander withdrew a net $3.75B in Q3 2013, closing 642 positions and reducing 1,073 holdings. Its most notable exit was BMC SOFTWARE, INC, an estimated $60.2M position sold in full.
By sector, the portfolio is most concentrated in Energy at 11% of assets, up from 9.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Israel Englander opened a new position in Johnson & Johnson worth $72.5M.
- Israel Englander's largest Q3 2013 buy was Johnson & Johnson: 836,108 shares worth $72.5M.
- Israel Englander added most to American Electric Power in Q3 2013, an estimated $119M increase.
- Israel Englander's biggest Q3 2013 reduction was Duke Energy, cutting an estimated $125M.
- Israel Englander fully exited BMC SOFTWARE, INC in Q3 2013, selling an estimated $60.2M.
- Israel Englander's ten largest holdings make up 22% of its $31.1B portfolio in Q3 2013.
- Israel Englander opened 955 new positions and closed 642 in Q3 2013.
- Israel Englander's portfolio value fell 4.8% quarter-over-quarter to $31.1B.
Based on Millennium Management's 13F filing for Q3 2013, filed 14 Nov 2013.