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 | |
|---|---|---|---|---|---|---|
3051
PUT
3M
MMM
$92.3B
| $215K | ﹤0.01% |
+2,153
| New | +$209K |
|
3052
Otter Tail
OTTR
$3.86B
| $215K | ﹤0.01% |
7,807
-5,593
| -42% | -$161K |
|
3053
Park-Ohio Holdings
PKOH
$649M
| $215K | ﹤0.01% |
5,607
-3,293
| -37% | -$116K |
|
|
ACCL
3054
DELISTED
Accelrys Inc
ACCL
| $214K | ﹤0.01% |
21,723
-73,487
| -77% | -$670K |
|
|
CNCO
3055
DELISTED
Cencosud S.A.
CNCO
| $214K | ﹤0.01% |
16,000
+1,600
| +11% | +$21.4K |
|
3056
Wabash National
WNC
$491M
| $213K | ﹤0.01% |
18,300
-26,124
| -59% | -$281K |
|
|
JAH
3057
PUT
DELISTED
JARDEN CORPORATION
JAH
| $213K | ﹤0.01% |
+6,600
| New | +$204K |
|
|
MSB
3058
Mesabi Trust
MSB
$305M
| $212K | ﹤0.01% |
+9,659
| New | +$189K |
|
|
CHKR
3059
DELISTED
CHESAPEAKE GRANITE WASH TRUST
CHKR
| $212K | ﹤0.01% |
15,853
+5,111
| +48% | +$75.1K |
|
|
DWSN
3060
DELISTED
DAWSON GEOPHYSICAL CO
DWSN
| $212K | ﹤0.01% |
+6,522
| New | +$239K |
|
3061
CALL
Incyte
INCY
$25.9B
| $210K | ﹤0.01% |
+5,500
| New | +$162K |
|
|
PRFT
3062
DELISTED
Perficient Inc
PRFT
| $210K | ﹤0.01% |
+11,459
| New | +$181K |
|
|
ANFI
3063
DELISTED
AMIRA NATURE FOODS LTD
ANFI
| $210K | ﹤0.01% |
+16,200
| New | +$149K |
|
|
ESRX
3064
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $210K | ﹤0.01% |
+3,400
| New | +$220K |
|
3065
Universal Insurance Holdings
UVE
$1.21B
| $209K | ﹤0.01% |
29,633
+10,925
| +58% | +$84.4K |
|
|
TYPE
3066
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $209K | ﹤0.01% |
+7,300
| New | +$191K |
|
|
LSE
3067
DELISTED
CAPLEASE, INC
LSE
| $209K | ﹤0.01% |
24,586
-50,414
| -67% | -$428K |
|
|
NFBK
3068
DELISTED
Northfield Bancorp
NFBK
| $208K | ﹤0.01% |
17,171
-29,326
| -63% | -$353K |
|
|
IBA
3069
DELISTED
Industrias Bachoco SAB De C.V.
IBA
| $208K | ﹤0.01% |
+5,265
| New | +$210K |
|
3070
CALL
Broadcom
AVGO
$1.71T
| $207K | ﹤0.01% |
+48,000
| New | +$184K |
|
3071
IAMGOLD
IAG
$12.4B
| $207K | ﹤0.01% |
43,500
-48,338
| -53% | -$254K |
|
3072
CALL
Polaris
PII
$3.66B
| $207K | ﹤0.01% |
+1,600
| New | +$180K |
|
|
PTNR
3073
DELISTED
Partner Communications
PTNR
| $207K | ﹤0.01% |
+26,210
| New | +$192K |
|
|
DYN
3074
DELISTED
Dynegy, Inc.
DYN
| $207K | ﹤0.01% |
+10,707
| New | +$217K |
|
|
IXYS
3075
DELISTED
IXYS Corp
IXYS
| $207K | ﹤0.01% |
21,426
+6,517
| +44% | +$69.7K |
|
Similar funds
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.