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Israel Englander Millennium Management

AUM $276B
1-Year Est. Return 44.8%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+10.16%
1 Year Est. Return
+44.8%
3 Year Est. Return
+127.22%
5 Year Est. Return
+155.52%
10 Year Est. Return
+768.06%
AUM
$31.1B
AUM Growth
-$1.57B
Cap. Flow
-$3.75B
Cap. Flow %
-12.06%
Top 10 Hldgs %
21.71%
Holding
3,899
New
955
Increased
1,173
Reduced
1,073
Closed
642

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
VTR icon
2826
PUT
Ventas
VTR
$47.9B
$314K ﹤0.01%
4,466
-31,000
-87% -$2.3M
CWEI
2827
DELISTED
Clayton Williams Energy, Inc.
CWEI
$314K ﹤0.01%
+5,976
New +$311K
INCY icon
2828
PUT
Incyte
INCY
$25.9B
$313K ﹤0.01%
+8,200
New +$242K
TS icon
2829
Tenaris
TS
$27B
$313K ﹤0.01%
6,700
-7,800
-54% -$354K
BPFH
2830
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$313K ﹤0.01%
+28,200
New +$309K
RENX
2831
DELISTED
RELX N.V.
RENX
$313K ﹤0.01%
23,985
-3,690
-13% -$44.8K
CVS icon
2832
PUT
CVS Health
CVS
$120B
$312K ﹤0.01%
+5,500
New +$328K
ERF
2833
DELISTED
Enerplus Corporation
ERF
$312K ﹤0.01%
18,942
-2,359
-11% -$38.7K
FIO
2834
DELISTED
FUSION-IO INC COM
FIO
$312K ﹤0.01%
23,312
-161,766
-87% -$2.13M
BAP icon
2835
Credicorp
BAP
$30.2B
$310K ﹤0.01%
2,506
-57,726
-96% -$6.88M
MCP
2836
DELISTED
MOLYCORP INC COM STK
MCP
$310K ﹤0.01%
+47,234
New +$318K
TIBX
2837
CALL
DELISTED
TIBCO SOFTWARE INC
TIBX
$310K ﹤0.01%
+12,100
New +$289K
GERN icon
2838
Geron
GERN
$977M
$309K ﹤0.01%
+97,584
New +$160K
ESRX
2839
CALL
DELISTED
Express Scripts Holding Company
ESRX
$309K ﹤0.01%
+5,000
New +$323K
STML
2840
DELISTED
Stemline Therapeutics, Inc.
STML
$308K ﹤0.01%
6,800
-1,900
-22% -$62K
SCLN
2841
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
$308K ﹤0.01%
60,670
-136,522
-69% -$760K
TFM
2842
CALL
DELISTED
THE FRESH MARKET, INC COM STK
TFM
$308K ﹤0.01%
+6,500
New +$338K
PLL
2843
PUT
DELISTED
PALL CORP
PLL
$308K ﹤0.01%
+4,000
New +$287K
ROC
2844
PUT
DELISTED
ROCKWOOD HLDGS INC
ROC
$308K ﹤0.01%
+4,600
New +$303K
ACM icon
2845
Aecom
ACM
$8.36B
$307K ﹤0.01%
9,816
-14,180
-59% -$444K
ROCK icon
2846
Gibraltar Industries
ROCK
$1.37B
$307K ﹤0.01%
21,516
+11,233
+109% +$161K
CLMS
2847
DELISTED
Calamos Asset Management, Inc.
CLMS
$306K ﹤0.01%
30,656
-46,933
-60% -$490K
XRTX
2848
DELISTED
XYRATEX LTD (BERMUDA)
XRTX
$306K ﹤0.01%
27,496
-23,854
-46% -$255K
TXI
2849
CALL
DELISTED
TEXAS INDUSTRIES INC
TXI
$305K ﹤0.01%
+4,600
New +$289K
SMS
2850
DELISTED
SIMS METAL MANAGEMENT LTD ADS (EA REPSTG 1 ORD SHS)
SMS
$305K ﹤0.01%
34,676
+8,638
+33% +$72.4K

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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.