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 | |
|---|---|---|---|---|---|---|
3076
CALL
Nucor
NUE
$55.5B
| $206K | ﹤0.01% |
+4,200
| New | +$197K |
|
3077
Terreno Realty
TRNO
$7.51B
| $205K | ﹤0.01% |
11,548
-27,086
| -70% | -$490K |
|
3078
CALL
Texas Roadhouse
TXRH
$13.5B
| $205K | ﹤0.01% |
+7,800
| New | +$196K |
|
3079
PUT
Wynn Resorts
WYNN
$10.2B
| $205K | ﹤0.01% |
+1,300
| New | +$182K |
|
|
AVID
3080
DELISTED
Avid Technology Inc
AVID
| $205K | ﹤0.01% |
34,199
-11,355
| -25% | -$65.6K |
|
|
BT
3081
DELISTED
BT Group plc (ADR)
BT
| $205K | ﹤0.01% |
7,400
-15,284
| -67% | -$398K |
|
3082
PUT
Gartner
IT
$12.8B
| $204K | ﹤0.01% |
+3,400
| New | +$200K |
|
3083
PUT
SL Green Realty
SLG
$4.15B
| $204K | ﹤0.01% |
+2,376
| New | +$207K |
|
|
SPLK
3084
PUT
DELISTED
Splunk Inc
SPLK
| $204K | ﹤0.01% |
+3,400
| New | +$181K |
|
|
IMI
3085
DELISTED
Intermolecular, Inc.
IMI
| $204K | ﹤0.01% |
37,032
-39,625
| -52% | -$249K |
|
|
POM
3086
DELISTED
PEPCO HOLDINGS, INC.
POM
| $204K | ﹤0.01% |
+11,033
| New | +$214K |
|
3087
Carriage Services
CSV
$549M
| $203K | ﹤0.01% |
10,449
-19,049
| -65% | -$351K |
|
3088
CALL
ServiceNow
NOW
$132B
| $203K | ﹤0.01% |
+19,500
| New | +$179K |
|
|
MPG
3089
DELISTED
MPG OFFICE TRUST, INC COM
MPG
| $203K | ﹤0.01% |
+64,786
| New | +$202K |
|
|
MASI
3090
DELISTED
Masimo
MASI
| $202K | ﹤0.01% |
7,600
-169,506
| -96% | -$4.18M |
|
3091
Patrick Industries
PATK
$2.73B
| $202K | ﹤0.01% |
+22,697
| New | +$172K |
|
|
GPT
3092
DELISTED
Gramercy Property Trust
GPT
| $202K | ﹤0.01% |
16,233
+6,700
| +70% | +$88.7K |
|
|
SE
3093
PUT
DELISTED
Spectra Energy Corp Wi
SE
| $202K | ﹤0.01% |
+5,900
| New | +$204K |
|
3094
Galicia Financial Group
GGAL
$6.98B
| $200K | ﹤0.01% |
+21,055
| New | +$142K |
|
3095
CALL
Quad
QUAD
$528M
| $200K | ﹤0.01% |
+6,600
| New | +$195K |
|
|
RTN
3096
CALL
DELISTED
Raytheon Company
RTN
| $200K | ﹤0.01% |
+2,600
| New | +$193K |
|
|
YOKU
3097
PUT
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $200K | ﹤0.01% |
+7,300
| New | +$167K |
|
3098
STAAR Surgical
STAA
$1.17B
| $199K | ﹤0.01% |
14,721
-63,934
| -81% | -$752K |
|
|
OSG
3099
Octave Specialty Group
OSG
$204M
| $198K | ﹤0.01% |
10,900
-55,647
| -84% | -$1.27M |
|
3100
Clear Channel Outdoor Holdings
CCO
$1.2B
| $198K | ﹤0.01% |
24,098
-2,202
| -8% | -$16.9K |
|
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.