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 | |
|---|---|---|---|---|---|---|
2601
NewMarket
NEU
$8.56B
| $456K | ﹤0.01% |
+1,583
| New | +$440K |
|
|
WGL
2602
DELISTED
Wgl Holdings
WGL
| $456K | ﹤0.01% |
10,682
-12,920
| -55% | -$562K |
|
2603
State Street SPDR S&P Bank ETF
KBE
$1.69B
| $455K | ﹤0.01% |
+15,140
| New | +$463K |
|
|
ALBO
2604
DELISTED
Albireo Pharma Inc
ALBO
| $454K | ﹤0.01% |
+4,805
| New | +$626K |
|
2605
Bio-Techne
TECH
$11.3B
| $453K | ﹤0.01% |
22,644
-183,904
| -89% | -$3.49M |
|
2606
HCI Group
HCI
$2.31B
| $451K | ﹤0.01% |
11,033
-34,091
| -76% | -$1.18M |
|
2607
CALL
Boston Properties
BXP
$11.5B
| $449K | ﹤0.01% |
+4,200
| New | +$444K |
|
2608
TFS Financial
TFSL
$4.99B
| $449K | ﹤0.01% |
+37,511
| New | +$432K |
|
|
SIVB
2609
PUT
DELISTED
SVB Financial Group
SIVB
| $449K | ﹤0.01% |
+5,200
| New | +$449K |
|
2610
PUT
Honeywell
HON
$68.4B
| $448K | ﹤0.01% |
+6,010
| New | +$446K |
|
|
TARO
2611
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $448K | ﹤0.01% |
+5,900
| New | +$383K |
|
|
CBR
2612
DELISTED
CIBER Inc.
CBR
| $446K | ﹤0.01% |
135,184
+72,068
| +114% | +$260K |
|
|
SKH
2613
DELISTED
SKILLED HEALTHCARE GROUP, INC. CLASS A COM STK
SKH
| $446K | ﹤0.01% |
102,306
+83,155
| +434% | +$451K |
|
|
ARG
2614
PUT
DELISTED
Airgas Inc
ARG
| $445K | ﹤0.01% |
+4,200
| New | +$431K |
|
|
NOAH
2615
Noah Holdings
NOAH
$602M
| $443K | ﹤0.01% |
26,000
-8,837
| -25% | -$124K |
|
|
RBCN
2616
DELISTED
Rubicon Technology, Inc.
RBCN
| $442K | ﹤0.01% |
+3,653
| New | +$370K |
|
|
NTP
2617
DELISTED
Nam Tai Property Inc.
NTP
| $442K | ﹤0.01% |
56,864
-310,920
| -85% | -$2.32M |
|
2618
PUT
Core Laboratories
CLB
$553M
| $440K | ﹤0.01% |
+2,600
| New | +$404K |
|
2619
Forestar Group
FOR
$1.48B
| $439K | ﹤0.01% |
20,390
-151,034
| -88% | -$3.19M |
|
2620
Forrester Research
FORR
$229M
| $439K | ﹤0.01% |
11,956
-28,525
| -70% | -$1.01M |
|
|
NSM
2621
PUT
DELISTED
Nationstar Mortgage Holdings
NSM
| $439K | ﹤0.01% |
7,800
-6,700
| -46% | -$326K |
|
2622
Clarus
CLAR
$145M
| $438K | ﹤0.01% |
36,201
+22,627
| +167% | +$240K |
|
|
RNDY
2623
DELISTED
ROUNDYS INC COM STK
RNDY
| $438K | ﹤0.01% |
50,936
+17,052
| +50% | +$152K |
|
2624
Ametek
AME
$55.4B
| $437K | ﹤0.01% |
+9,486
| New | +$427K |
|
|
CBF
2625
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $437K | ﹤0.01% |
19,895
-15,805
| -44% | -$320K |
|
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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.