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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
USNA icon
3026
Usana Health Sciences
USNA
$251M
$226K ﹤0.01%
+5,200
New +$209K
ARNA
3027
DELISTED
Arena Pharmaceuticals Inc
ARNA
$226K ﹤0.01%
4,280
-3,270
-43% -$220K
HRL icon
3028
Hormel Foods
HRL
$13.3B
$225K ﹤0.01%
10,696
-38,548
-78% -$810K
PM icon
3029
PUT
Philip Morris
PM
$298B
$225K ﹤0.01%
+2,600
New +$227K
EPIQ
3030
DELISTED
EPIQ SYSTEMS INC
EPIQ
$225K ﹤0.01%
+17,088
New +$222K
OXY icon
3031
PUT
Occidental Petroleum
OXY
$60.1B
$224K ﹤0.01%
+2,505
New +$215K
ANDV
3032
CALL
DELISTED
Andeavor
ANDV
$224K ﹤0.01%
+5,100
New +$254K
AREX
3033
DELISTED
Approach Resources Inc.
AREX
$223K ﹤0.01%
+8,500
New +$215K
PCOM
3034
DELISTED
Points.com Inc. Common Shares
PCOM
$222K ﹤0.01%
+9,587
New +$215K
KCG
3035
DELISTED
KCG Holdings, Inc.
KCG
$222K ﹤0.01%
+25,613
New +$232K
HNI icon
3036
HNI Corp
HNI
$3.54B
$221K ﹤0.01%
+6,100
New +$225K
NUE icon
3037
PUT
Nucor
NUE
$55.5B
$221K ﹤0.01%
+4,500
New +$211K
UDR icon
3038
UDR
UDR
$12.3B
$221K ﹤0.01%
9,323
-7,100
-43% -$173K
CBB
3039
DELISTED
Cincinnati Bell Inc.
CBB
$220K ﹤0.01%
16,195
-50,847
-76% -$804K
BLDR icon
3040
Builders FirstSource
BLDR
$7.56B
$219K ﹤0.01%
37,329
-13,234
-26% -$79K
ITRI icon
3041
Itron
ITRI
$4.32B
$219K ﹤0.01%
+5,119
New +$210K
ABG icon
3042
CALL
Asbury Automotive
ABG
$3.79B
$218K ﹤0.01%
+4,100
New +$201K
BPOP icon
3043
CALL
Popular Inc
BPOP
$10.7B
$218K ﹤0.01%
8,300
TM icon
3044
CALL
Toyota
TM
$229B
$218K ﹤0.01%
+1,700
New +$216K
COBZ
3045
DELISTED
CoBiz Financial,Inc
COBZ
$218K ﹤0.01%
22,517
-41,594
-65% -$397K
PH icon
3046
CALL
Parker-Hannifin
PH
$128B
$217K ﹤0.01%
+2,000
New +$206K
CPRT icon
3047
PUT
Copart
CPRT
$30.8B
$216K ﹤0.01%
+54,400
New +$221K
SRL icon
3048
Scully Royalty
SRL
$88.8M
$216K ﹤0.01%
5,138
+2,398
+88% +$100K
GOL
3049
DELISTED
Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares)
GOL
$216K ﹤0.01%
22,039
+2,852
+15% +$21.9K
MMM icon
3050
CALL
3M
MMM
$92.3B
$215K ﹤0.01%
+2,153
New +$209K

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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.