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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
MKC icon
2851
McCormick & Company Non-Voting
MKC
$15.1B
$304K ﹤0.01%
+9,400
New +$330K
SON icon
2852
PUT
Sonoco
SON
$5.68B
$304K ﹤0.01%
+7,800
New +$296K
WDFC icon
2853
WD-40
WDFC
$2.9B
$304K ﹤0.01%
4,686
+636
+16% +$37.9K
LOPE icon
2854
Grand Canyon Education
LOPE
$3.85B
$302K ﹤0.01%
7,515
-13,325
-64% -$475K
GS icon
2855
Goldman Sachs
GS
$302B
$301K ﹤0.01%
1,900
-25,681
-93% -$4.13M
SVU
2856
PUT
DELISTED
SUPERVALU Inc.
SVU
$300K ﹤0.01%
5,200
ESE icon
2857
ESCO Technologies
ESE
$7.14B
$298K ﹤0.01%
+8,957
New +$295K
UBNK
2858
DELISTED
United Financial Bancorp, Inc.
UBNK
$298K ﹤0.01%
+22,903
New +$302K
PHLT
2859
DELISTED
Performant Healthcare Inc
PHLT
$297K ﹤0.01%
+27,279
New +$298K
DISCK
2860
PUT
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$297K ﹤0.01%
+7,600
New +$281K
RSTI
2861
DELISTED
Rofin-Sinar Technologies Inc
RSTI
$297K ﹤0.01%
+12,256
New +$291K
PEI
2862
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
$297K ﹤0.01%
1,061
-1,368
-56% -$399K
ARR
2863
Armour Residential REIT
ARR
$2.32B
$296K ﹤0.01%
1,759
+1,153
+190% +$198K
EGIO
2864
DELISTED
Edgio, Inc. Common Stock
EGIO
$296K ﹤0.01%
3,831
-1,090
-22% -$95.7K
BCC icon
2865
Boise Cascade
BCC
$2.87B
$295K ﹤0.01%
+10,948
New +$280K
EIX icon
2866
PUT
Edison International
EIX
$28.5B
$295K ﹤0.01%
+6,400
New +$303K
MNK
2867
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$295K ﹤0.01%
+6,699
New +$294K
TOO
2868
DELISTED
Teekay Offshore Partners L.P.
TOO
$295K ﹤0.01%
8,841
-19,445
-69% -$636K
ACLS icon
2869
Axcelis
ACLS
$3.81B
$294K ﹤0.01%
34,836
+7,116
+26% +$57.7K
ORAN
2870
DELISTED
Orange
ORAN
$293K ﹤0.01%
+23,405
New +$245K
STB
2871
DELISTED
Student Transportation Inc
STB
$293K ﹤0.01%
+46,515
New +$295K
HITK
2872
CALL
DELISTED
HI-TECH PHARMACAL INC
HITK
$293K ﹤0.01%
+6,800
New +$260K
CVGI icon
2873
Commercial Vehicle Group
CVGI
$124M
$292K ﹤0.01%
+36,683
New +$277K
KMR
2874
PUT
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
$292K ﹤0.01%
+4,244
New +$311K
GXP
2875
DELISTED
Great Plains Energy Incorporated
GXP
$291K ﹤0.01%
13,100
-412,998
-97% -$9.51M

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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.