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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
TXI
2926
DELISTED
TEXAS INDUSTRIES INC
TXI
$268K ﹤0.01%
+4,036
New +$254K
HALO icon
2927
Halozyme
HALO
$12.3B
$266K ﹤0.01%
24,106
-118,788
-83% -$990K
ED icon
2928
CALL
Consolidated Edison
ED
$39.8B
$265K ﹤0.01%
+4,800
New +$277K
NUE icon
2929
Nucor
NUE
$55.5B
$265K ﹤0.01%
5,408
-363,107
-99% -$17M
WPM icon
2930
CALL
Wheaton Precious Metals
WPM
$72.8B
$265K ﹤0.01%
+10,700
New +$254K
DORM icon
2931
Dorman Products
DORM
$3.89B
$264K ﹤0.01%
+5,332
New +$261K
WG
2932
DELISTED
Willbros Group
WG
$264K ﹤0.01%
28,775
-3,186
-10% -$26.8K
DTLK
2933
DELISTED
Datalink Corp
DTLK
$264K ﹤0.01%
+19,538
New +$248K
ITC
2934
PUT
DELISTED
ITC HOLDINGS CORP
ITC
$263K ﹤0.01%
+8,400
New +$255K
FBIN icon
2935
PUT
Fortune Brands Innovations
FBIN
$5.37B
$262K ﹤0.01%
+7,371
New +$251K
CSOD
2936
PUT
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$262K ﹤0.01%
+5,100
New +$252K
ROIC
2937
DELISTED
Retail Opportunity Investments Corp.
ROIC
$260K ﹤0.01%
18,862
-21,789
-54% -$296K
CONN
2938
CALL
DELISTED
Conn's Inc.
CONN
$260K ﹤0.01%
+5,200
New +$308K
EXXI
2939
DELISTED
ENERGY XXI LTD COM SHS
EXXI
$260K ﹤0.01%
8,600
-85,565
-91% -$2.3M
SMI
2940
DELISTED
Semiconductor Manufacturing Intl
SMI
$260K ﹤0.01%
74,791
+23,133
+45% +$87.4K
IDTI
2941
DELISTED
Integrated Device Technology I
IDTI
$259K ﹤0.01%
27,535
+7,338
+36% +$65.2K
TIBX
2942
PUT
DELISTED
TIBCO SOFTWARE INC
TIBX
$258K ﹤0.01%
+10,100
New +$241K
SLRC icon
2943
SLR Investment Corp
SLRC
$693M
$257K ﹤0.01%
11,600
-10,125
-47% -$229K
SMCI icon
2944
Super Micro Computer
SMCI
$22.8B
$257K ﹤0.01%
190,170
-297,730
-61% -$376K
SUP
2945
DELISTED
Superior Industries International
SUP
$257K ﹤0.01%
14,399
-1,521
-10% -$27.3K
AMAT icon
2946
PUT
Applied Materials
AMAT
$384B
$256K ﹤0.01%
+14,600
New +$233K
CHTR icon
2947
CALL
Charter Communications
CHTR
$17.9B
$256K ﹤0.01%
+1,900
New +$241K
RGA icon
2948
Reinsurance Group of America
RGA
$16B
$255K ﹤0.01%
3,802
-218,972
-98% -$14.8M
THC icon
2949
PUT
Tenet Healthcare
THC
$22.4B
$255K ﹤0.01%
+6,200
New +$259K
TREE icon
2950
LendingTree
TREE
$435M
$255K ﹤0.01%
9,724
-5,282
-35% -$116K

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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.