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 | |
|---|---|---|---|---|---|---|
2651
CALL
Titan International
TWI
$464M
| $420K | ﹤0.01% |
46,400
-7,200
| -13% | -$119K |
|
2652
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $420K | ﹤0.01% |
20,000
-106,400
| -84% | -$2.18M |
|
|
TEN
2653
Tsakos Energy Navigation Ltd
TEN
$1.27B
| $420K | ﹤0.01% |
16,109
-2,811
| -15% | -$69.8K |
|
2654
MGE Energy Inc
MGEE
$2.99B
| $418K | ﹤0.01% |
11,495
+5,945
| +107% | +$222K |
|
|
HBI
2655
CALL
DELISTED
Hanesbrands
HBI
| $417K | ﹤0.01% |
+26,800
| New | +$399K |
|
|
CTXS
2656
CALL
DELISTED
Citrix Systems Inc
CTXS
| $417K | ﹤0.01% |
7,409
| – | – |
|
|
ENH
2657
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $417K | ﹤0.01% |
+7,763
| New | +$403K |
|
|
ENV
2658
DELISTED
ENVESTNET, INC.
ENV
| $417K | ﹤0.01% |
+13,438
| New | +$373K |
|
|
TBHC
2659
DELISTED
The Brand House Collective
TBHC
| $416K | ﹤0.01% |
22,543
-8,023
| -26% | -$147K |
|
|
NGD
2660
DELISTED
New Gold Inc
NGD
| $416K | ﹤0.01% |
69,642
+49,457
| +245% | +$337K |
|
|
CTG
2661
DELISTED
Computer Task Group, Inc.
CTG
| $416K | ﹤0.01% |
+25,713
| New | +$504K |
|
2662
CALL
American Tower
AMT
$83.2B
| $415K | ﹤0.01% |
+5,600
| New | +$404K |
|
2663
CALL
Honeywell
HON
$68.4B
| $415K | ﹤0.01% |
+5,564
| New | +$413K |
|
|
PMC
2664
DELISTED
PharMerica Corporation
PMC
| $415K | ﹤0.01% |
31,285
-118,536
| -79% | -$1.6M |
|
|
CCIX
2665
DELISTED
COLEMAN CABLE IN COM
CCIX
| $415K | ﹤0.01% |
19,679
-9,806
| -33% | -$199K |
|
2666
MannKind Corp
MNKD
$1.34B
| $413K | ﹤0.01% |
+14,500
| New | +$479K |
|
|
SIAL
2667
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $413K | ﹤0.01% |
4,844
-19,305
| -80% | -$1.62M |
|
2668
CALL
EnerSys
ENS
$7.01B
| $412K | ﹤0.01% |
+6,800
| New | +$365K |
|
2669
CALL
General Mills
GIS
$21.3B
| $412K | ﹤0.01% |
+8,600
| New | +$432K |
|
2670
Allot
ALLT
$373M
| $410K | ﹤0.01% |
32,373
-38,096
| -54% | -$508K |
|
2671
Cal-Maine
CALM
$3.93B
| $409K | ﹤0.01% |
+17,026
| New | +$413K |
|
|
CSR
2672
Centerspace
CSR
$905M
| $409K | ﹤0.01% |
4,956
-6,705
| -57% | -$572K |
|
2673
CALL
MGM Resorts International
MGM
$10.9B
| $409K | ﹤0.01% |
20,000
| – | – |
|
2674
Gladstone Capital
GLAD
$448M
| $408K | ﹤0.01% |
23,391
+5,691
| +32% | +$96.8K |
|
|
EQC
2675
DELISTED
Equity Commonwealth
EQC
| $407K | ﹤0.01% |
+18,581
| New | +$443K |
|
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.