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 | |
|---|---|---|---|---|---|---|
2976
ClearSign Technologies
CLIR
$32.9M
| $245K | ﹤0.01% |
3,477
+20
| +0.6% | +$1.67K |
|
2977
CALL
Rogers Communications
RCI
$19.7B
| $245K | ﹤0.01% |
+5,700
| New | +$232K |
|
|
SMA
2978
DELISTED
SYMMETRY MEDICAL INC
SMA
| $245K | ﹤0.01% |
30,013
-86,467
| -74% | -$732K |
|
2979
PUT
Agnico Eagle Mines
AEM
$110B
| $244K | ﹤0.01% |
+9,200
| New | +$263K |
|
2980
Insteel Industries
IIIN
$585M
| $244K | ﹤0.01% |
15,144
+3,330
| +28% | +$56K |
|
2981
iShares MSCI Turkey ETF
TUR
$223M
| $244K | ﹤0.01% |
+4,426
| New | +$246K |
|
|
COL
2982
CALL
DELISTED
Rockwell Collins
COL
| $244K | ﹤0.01% |
+3,600
| New | +$254K |
|
|
DWCH
2983
DELISTED
Datawatch Corp
DWCH
| $243K | ﹤0.01% |
+8,717
| New | +$204K |
|
|
XRM
2984
DELISTED
Xerium Technologies Inc (new)
XRM
| $243K | ﹤0.01% |
20,958
-13,768
| -40% | -$159K |
|
|
EBIX
2985
DELISTED
Ebix Inc
EBIX
| $243K | ﹤0.01% |
24,427
+18,907
| +343% | +$206K |
|
|
OLP
2986
One Liberty Properties
OLP
$537M
| $242K | ﹤0.01% |
11,947
+2,634
| +28% | +$59.1K |
|
|
ABMD
2987
CALL
DELISTED
Abiomed Inc
ABMD
| $242K | ﹤0.01% |
+12,700
| New | +$290K |
|
|
GFIG
2988
DELISTED
GFI GROUP INC
GFIG
| $242K | ﹤0.01% |
61,238
-61,244
| -50% | -$250K |
|
2989
CTS Corp
CTS
$1.6B
| $241K | ﹤0.01% |
15,268
-10,291
| -40% | -$149K |
|
|
PPLI
2990
PUT
People Inc
PPLI
$2.89B
| $241K | ﹤0.01% |
+24,620
| New | +$225K |
|
2991
PUT
Pool Corp
POOL
$6.84B
| $241K | ﹤0.01% |
+4,300
| New | +$233K |
|
2992
Upbound Group
UPBD
$1.12B
| $241K | ﹤0.01% |
6,330
-1,778
| -22% | -$68.5K |
|
2993
AngioDynamics
ANGO
$652M
| $240K | ﹤0.01% |
+18,159
| New | +$214K |
|
|
SEAC
2994
DELISTED
Seachange International Inc
SEAC
| $240K | ﹤0.01% |
+1,047
| New | +$241K |
|
2995
PUT
Asbury Automotive
ABG
$3.79B
| $239K | ﹤0.01% |
+4,500
| New | +$221K |
|
2996
BOK Financial
BOKF
$8.54B
| $239K | ﹤0.01% |
3,774
-13,431
| -78% | -$885K |
|
2997
PUT
Healthpeak Properties
DOC
$14.9B
| $238K | ﹤0.01% |
6,368
-49,081
| -89% | -$1.91M |
|
2998
1-800-Flowers.com
FLWS
$249M
| $238K | ﹤0.01% |
48,319
-14,077
| -23% | -$86.2K |
|
2999
PUT
Spectrum Brands
SPB
$2.03B
| $237K | ﹤0.01% |
+3,600
| New | +$220K |
|
|
EV
3000
PUT
DELISTED
Eaton Vance Corp.
EV
| $237K | ﹤0.01% |
+6,100
| New | +$243K |
|
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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.