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 | |
|---|---|---|---|---|---|---|
2676
PUT
EOG Resources
EOG
$77B
| $406K | ﹤0.01% |
+4,800
| New | +$372K |
|
2677
Heartland Express
HTLD
$950M
| $406K | ﹤0.01% |
+28,634
| New | +$411K |
|
2678
PUT
Mercado Libre
MELI
$101B
| $405K | ﹤0.01% |
+3,000
| New | +$360K |
|
2679
CALL
Lamar Advertising Co
LAMR
$15.4B
| $404K | ﹤0.01% |
8,600
-21,400
| -71% | -$943K |
|
2680
PUT
Mastercard
MA
$525B
| $404K | ﹤0.01% |
+6,000
| New | +$377K |
|
|
TEAR
2681
DELISTED
TearLab Corporation
TEAR
| $404K | ﹤0.01% |
3,650
+1,269
| +53% | +$158K |
|
|
AWH
2682
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $403K | ﹤0.01% |
12,174
+960
| +9% | +$30.2K |
|
2683
PUT
Acadia Pharmaceuticals
ACAD
$5.27B
| $401K | ﹤0.01% |
14,600
-105,700
| -88% | -$2.21M |
|
|
2684
PUT
Lamar Advertising Co
LAMR
$15.4B
| $400K | ﹤0.01% |
8,500
-21,500
| -72% | -$947K |
|
|
BCIC
2685
BCP Investment Corp
BCIC
$95.7M
| $400K | ﹤0.01% |
+4,470
| New | +$425K |
|
2686
CorMedix
CRMD
$667M
| $399K | ﹤0.01% |
88,605
+52,915
| +148% | +$251K |
|
2687
PUT
Cintas
CTAS
$81.9B
| $399K | ﹤0.01% |
+31,200
| New | +$379K |
|
2688
NVIDIA
NVDA
$5.16T
| $399K | ﹤0.01% |
1,026,440
-49,737,600
| -98% | -$18.5M |
|
2689
PUT
Wolfspeed
WOLF
$1.31B
| $397K | ﹤0.01% |
+6,600
| New | +$420K |
|
|
TUP
2690
DELISTED
Tupperware Brands Corporation
TUP
| $397K | ﹤0.01% |
4,594
-34,074
| -88% | -$2.84M |
|
2691
PUT
Goldman Sachs
GS
$308B
| $396K | ﹤0.01% |
+2,500
| New | +$402K |
|
|
WSTC
2692
DELISTED
West Corporation
WSTC
| $396K | ﹤0.01% |
+17,884
| New | +$408K |
|
|
DCM
2693
DELISTED
NTT DOCOMO, Inc.
DCM
| $396K | ﹤0.01% |
24,441
-48,986
| -67% | -$779K |
|
|
2694
CALL
Cintas
CTAS
$81.9B
| $394K | ﹤0.01% |
+30,800
| New | +$374K |
|
2695
Euronet Worldwide
EEFT
$2.66B
| $394K | ﹤0.01% |
9,892
-17,609
| -64% | -$636K |
|
2696
Powell Industries
POWL
$6.93B
| $393K | ﹤0.01% |
19,221
-8,589
| -31% | -$155K |
|
2697
Prospect Capital
PSEC
$1.2B
| $393K | ﹤0.01% |
35,161
+11,161
| +47% | +$124K |
|
|
EPAY
2698
DELISTED
Bottomline Technologies Inc
EPAY
| $393K | ﹤0.01% |
14,082
-36,512
| -72% | -$1.04M |
|
2699
PUT
Avnet
AVT
$7.19B
| $392K | ﹤0.01% |
+9,400
| New | +$363K |
|
2700
CALL
CVS Health
CVS
$119B
| $392K | ﹤0.01% |
+6,900
| New | +$411K |
|
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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.