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 | |
|---|---|---|---|---|---|---|
|
SUSS
2901
DELISTED
SUSSER HOLDINGS CORPORATION COMMON STOCK
SUSS
| $279K | ﹤0.01% |
5,257
-86,919
| -94% | -$4.34M |
|
2902
Cato Corp
CATO
$55.7M
| $277K | ﹤0.01% |
9,896
-17,934
| -64% | -$489K |
|
2903
CALL
Copa Holdings
CPA
$5.95B
| $277K | ﹤0.01% |
+2,000
| New | +$274K |
|
|
SAND
2904
DELISTED
Sandstorm Gold
SAND
| $277K | ﹤0.01% |
51,430
+6,547
| +15% | +$39.2K |
|
2905
Nature's Sunshine
NATR
$252M
| $275K | ﹤0.01% |
14,468
+3,183
| +28% | +$58.7K |
|
2906
CALL
Sempra
SRE
$55.3B
| $274K | ﹤0.01% |
+6,400
| New | +$272K |
|
2907
CALL
Copart
CPRT
$30.8B
| $273K | ﹤0.01% |
+68,800
| New | +$280K |
|
2908
eHealth
EHTH
$39.4M
| $273K | ﹤0.01% |
8,464
-107,504
| -93% | -$2.96M |
|
|
LUX
2909
DELISTED
Luxottica Group
LUX
| $273K | ﹤0.01% |
+5,200
| New | +$277K |
|
|
TPLM
2910
DELISTED
Triangle Petroleum Corporation
TPLM
| $273K | ﹤0.01% |
27,787
-19,613
| -41% | -$150K |
|
|
LPS
2911
DELISTED
LENDER PROCESSING SERVICES INC
LPS
| $273K | ﹤0.01% |
8,214
-67,234
| -89% | -$2.18M |
|
2912
Anika Therapeutics
ANIK
$286M
| $272K | ﹤0.01% |
11,365
-1,615
| -12% | -$36.3K |
|
|
SYNT
2913
DELISTED
Syntel Inc
SYNT
| $272K | ﹤0.01% |
6,800
-2,922
| -30% | -$106K |
|
2914
PUT
Canadian Imperial Bank of Commerce
CM
$105B
| $271K | ﹤0.01% |
+6,941
| New | +$259K |
|
2915
PUT
Canadian Pacific Kansas City
CP
$83.2B
| $271K | ﹤0.01% |
+11,000
| New | +$272K |
|
2916
Harmony Gold Mining
HMY
$14.3B
| $271K | ﹤0.01% |
80,246
-183,434
| -70% | -$682K |
|
|
FCRD
2917
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $271K | ﹤0.01% |
17,369
-49,126
| -74% | -$764K |
|
|
COL
2918
PUT
DELISTED
Rockwell Collins
COL
| $271K | ﹤0.01% |
+4,000
| New | +$283K |
|
|
WEB
2919
DELISTED
Web.com Group, Inc.
WEB
| $271K | ﹤0.01% |
+8,381
| New | +$239K |
|
|
LNKD
2920
CALL
DELISTED
LinkedIn Corporation
LNKD
| $271K | ﹤0.01% |
+1,100
| New | +$248K |
|
2921
PUT
ServiceNow
NOW
$132B
| $270K | ﹤0.01% |
+26,000
| New | +$239K |
|
|
TUMI
2922
DELISTED
TUMI HLDGS INC COM
TUMI
| $270K | ﹤0.01% |
13,400
-65,540
| -83% | -$1.48M |
|
2923
Cousins Properties
CUZ
$4.94B
| $269K | ﹤0.01% |
9,260
-36,763
| -80% | -$1.07M |
|
2924
iShares MSCI Chile ETF
ECH
$1.09B
| $269K | ﹤0.01% |
+5,364
| New | +$269K |
|
2925
Boston Beer
SAM
$1.95B
| $268K | ﹤0.01% |
+1,099
| New | +$227K |
|
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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.