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 | |
|---|---|---|---|---|---|---|
|
BWLD
2751
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $358K | ﹤0.01% |
3,222
-60,625
| -95% | -$6.36M |
|
|
CRDS
2752
DELISTED
Crossroads Systems, Inc.
CRDS
| $358K | ﹤0.01% |
21,825
| – | – |
|
|
CNR
2753
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $357K | ﹤0.01% |
+28,000
| New | +$373K |
|
2754
CALL
Healthpeak Properties
DOC
$14.9B
| $356K | ﹤0.01% |
9,553
-45,896
| -83% | -$1.79M |
|
|
MITT
2755
TPG Mortgage Investment Trust
MITT
$214M
| $356K | ﹤0.01% |
7,140
-2,467
| -26% | -$129K |
|
2756
CALL
TD Synnex
SNX
$19.5B
| $356K | ﹤0.01% |
+11,600
| New | +$296K |
|
|
NDZ
2757
DELISTED
NORDION INC COM STK (CDA)
NDZ
| $356K | ﹤0.01% |
41,200
-43,840
| -52% | -$342K |
|
2758
Altisource Portfolio Solutions
ASPS
$62.2M
| $355K | ﹤0.01% |
+317
| New | +$308K |
|
|
TFM
2759
PUT
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $355K | ﹤0.01% |
+7,500
| New | +$390K |
|
2760
Pebblebrook Hotel Trust
PEB
$2.07B
| $352K | ﹤0.01% |
12,271
-129
| -1% | -$3.52K |
|
2761
Caesarstone
CSTE
$118M
| $351K | ﹤0.01% |
+7,687
| New | +$291K |
|
|
BMS
2762
PUT
DELISTED
Bemis
BMS
| $347K | ﹤0.01% |
+8,900
| New | +$361K |
|
|
CSH
2763
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $347K | ﹤0.01% |
16,896
-45,277
| -73% | -$902K |
|
|
KNL
2764
DELISTED
Knoll, Inc.
KNL
| $347K | ﹤0.01% |
20,470
-101,346
| -83% | -$1.63M |
|
2765
LiveRamp
RAMP
$2.29B
| $346K | ﹤0.01% |
12,184
-36,123
| -75% | -$927K |
|
|
LSI
2766
DELISTED
Life Storage, Inc.
LSI
| $346K | ﹤0.01% |
6,855
-58,736
| -90% | -$2.76M |
|
|
ANH
2767
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $346K | ﹤0.01% |
71,656
+42,791
| +148% | +$205K |
|
2768
AudioCodes
AUDC
$232M
| $345K | ﹤0.01% |
+49,282
| New | +$278K |
|
|
SYMM
2769
DELISTED
SYMMETRICOM INC
SYMM
| $345K | ﹤0.01% |
71,622
-67,035
| -48% | -$326K |
|
2770
Azenta
AZTA
$1.44B
| $344K | ﹤0.01% |
36,962
+14,523
| +65% | +$139K |
|
2771
Chesapeake Utilities
CPK
$3.26B
| $344K | ﹤0.01% |
9,819
+1,263
| +15% | +$46.2K |
|
|
AEGN
2772
DELISTED
Aegion Corp
AEGN
| $344K | ﹤0.01% |
+14,500
| New | +$336K |
|
|
NTRI
2773
DELISTED
NutriSystem, Inc.
NTRI
| $344K | ﹤0.01% |
23,932
-56,525
| -70% | -$706K |
|
|
ZGNX
2774
DELISTED
Zogenix, Inc.
ZGNX
| $344K | ﹤0.01% |
23,248
-7,893
| -25% | -$106K |
|
2775
CALL
Unisys
UIS
$192M
| $340K | ﹤0.01% |
13,500
-50,000
| -79% | -$1.25M |
|
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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.