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 | |
|---|---|---|---|---|---|---|
|
FLIR
276
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $24M | 0.08% |
763,171
+586,944
| +333% | +$18.3M |
|
|
DD
277
DELISTED
Du Pont De Nemours E I
DD
| $23.9M | 0.08% |
429,158
+81,140
| +23% | +$4.43M |
|
|
VMW
278
DELISTED
VMware, Inc
VMW
| $23.8M | 0.08% |
294,518
+58,986
| +25% | +$4.77M |
|
279
FedEx
FDX
$76.9B
| $23.8M | 0.08% |
208,460
+29,068
| +16% | +$3.14M |
|
280
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $23.8M | 0.08% |
25,235
+1,145
| +5% | +$1.05M |
|
281
Terex
TEX
$7.6B
| $23.7M | 0.08% |
706,184
+498,239
| +240% | +$15.1M |
|
282
Watsco Inc
WSO
$12.9B
| $23.7M | 0.08% |
251,302
+46,006
| +22% | +$4.21M |
|
283
CALL
Microsoft
MSFT
$3.59T
| $23.7M | 0.08% |
+710,900
| New | +$23.4M |
|
|
OPEN
284
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $23.6M | 0.08% |
337,696
+235,694
| +231% | +$16.5M |
|
285
Ciena
CIEN
$56B
| $23.5M | 0.08% |
938,466
+501,357
| +115% | +$11.3M |
|
286
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $23.4M | 0.08% |
504,700
+143,400
| +40% | +$6.49M |
|
|
BAS
287
DELISTED
Basis Energy Services, Inc.
BAS
| $23.4M | 0.08% |
3,247
+328
| +11% | +$2.37M |
|
288
CALL
Intuitive Surgical
ISRG
$134B
| $23.3M | 0.08% |
558,000
+197,100
| +55% | +$8.7M |
|
289
Wells Fargo
WFC
$254B
| $23.3M | 0.08% |
564,133
+313,167
| +125% | +$13.4M |
|
290
Geospace Technologies
GEOS
$71.3M
| $23.3M | 0.08% |
276,353
-145,270
| -34% | -$10.8M |
|
|
PMT
291
PennyMac Mortgage Investment
PMT
$815M
| $23.2M | 0.07% |
1,021,991
+151,790
| +17% | +$3.32M |
|
292
Expeditors International
EXPD
$24.4B
| $22.9M | 0.07% |
519,184
-343,092
| -40% | -$14.2M |
|
|
HSH
293
DELISTED
HILLSHIRE BRANDS CO
HSH
| $22.9M | 0.07% |
743,474
-57,644
| -7% | -$1.91M |
|
|
CLP
294
DELISTED
COLONIAL PROPERTIES TRUST
CLP
| $22.8M | 0.07% |
1,012,819
-369,500
| -27% | -$8.57M |
|
|
HOT
295
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $22.7M | 0.07% |
341,448
+148,361
| +77% | +$9.82M |
|
|
DNKN
296
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $22.6M | 0.07% |
+499,705
| New | +$21.9M |
|
|
CYT
297
DELISTED
CYTEC INDS INC
CYT
| $22.5M | 0.07% |
553,942
+324,944
| +142% | +$12.6M |
|
298
Expro Ltd
XPRO
$2.05B
| $22.5M | 0.07% |
+125,448
| New | +$21.1M |
|
|
MOLX
299
DELISTED
MOLEX INC
MOLX
| $22.5M | 0.07% |
584,806
+453,106
| +344% | +$14.5M |
|
300
UnitedHealth
UNH
$350B
| $22.4M | 0.07% |
312,279
+312,253
| +1,200,973% | +$22.3M |
|
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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.