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 | |
|---|---|---|---|---|---|---|
3126
Arbor Realty Trust
ABR
$979M
| $172K | ﹤0.01% |
25,300
-10,400
| -29% | -$73.6K |
|
3127
PUT
Advanced Micro Devices
AMD
$746B
| $171K | ﹤0.01% |
45,000
| – | – |
|
|
TNAV
3128
DELISTED
Telenav Inc.
TNAV
| $171K | ﹤0.01% |
29,201
-36,741
| -56% | -$212K |
|
|
STEI
3129
DELISTED
STEWART ENTERPRISES INC CL-A
STEI
| $170K | ﹤0.01% |
12,964
-53,920
| -81% | -$708K |
|
|
PGH
3130
DELISTED
Pengrowth Energy Corporation
PGH
| $167K | ﹤0.01% |
28,200
-38,527
| -58% | -$216K |
|
|
TCF
3131
DELISTED
TCF Financial Corporation
TCF
| $166K | ﹤0.01% |
11,623
-329,358
| -97% | -$4.91M |
|
3132
Motorcar Parts of America
MPAA
$219M
| $164K | ﹤0.01% |
12,947
-11,453
| -47% | -$110K |
|
|
BDSI
3133
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $163K | ﹤0.01% |
+29,977
| New | +$144K |
|
|
BFX
3134
DELISTED
BowFlex Inc.
BFX
| $161K | ﹤0.01% |
22,300
-28,874
| -56% | -$222K |
|
|
RFP
3135
DELISTED
Resolute Forest Products Inc.
RFP
| $161K | ﹤0.01% |
+12,152
| New | +$168K |
|
3136
Marcus Corp
MCS
$953M
| $158K | ﹤0.01% |
+10,857
| New | +$142K |
|
3137
Protalix BioTherapeutics
PLX
$194M
| $156K | ﹤0.01% |
3,439
+1,734
| +102% | +$89K |
|
3138
PhenixFIN
PFX
$105M
| $155K | ﹤0.01% |
561
+5
| +0.9% | +$1.39K |
|
|
TI
3139
DELISTED
Telecom Italia
TI
| $155K | ﹤0.01% |
19,075
-30,512
| -62% | -$216K |
|
|
OME
3140
DELISTED
Omega Protein
OME
| $152K | ﹤0.01% |
14,900
-118,173
| -89% | -$1.1M |
|
|
NES
3141
DELISTED
NUVERRA ENVIRONMENTAL INC NEW COM STK (DE)
NES
| $151K | ﹤0.01% |
6,588
+1,277
| +24% | +$36.1K |
|
|
NIHD
3142
DELISTED
NII HOLDINGS INC CL B
NIHD
| $151K | ﹤0.01% |
24,864
+6,808
| +38% | +$45.9K |
|
|
HWCC
3143
DELISTED
Houston Wire & Cable Company
HWCC
| $150K | ﹤0.01% |
11,143
-13,015
| -54% | -$179K |
|
|
DNDN
3144
DELISTED
DENDREON CORPORATION
DNDN
| $150K | ﹤0.01% |
51,138
-100,506
| -66% | -$372K |
|
|
AGEN
3145
Agenus
AGEN
$345M
| $147K | ﹤0.01% |
2,709
+1,665
| +159% | +$114K |
|
|
AAV
3146
DELISTED
Advantage Oil & Gas Ltd
AAV
| $145K | ﹤0.01% |
37,902
+21,511
| +131% | +$81.8K |
|
3147
iShares MSCI Japan ETF
EWJ
$22.4B
| $143K | ﹤0.01% |
3,000
-83,320
| -97% | -$3.86M |
|
3148
Cardiff Oncology
CRDF
$77.6M
| $141K | ﹤0.01% |
+273
| New | +$155K |
|
|
UCTT
3149
Ultra Clean Holdings
UCTT
$3.3B
| $141K | ﹤0.01% |
20,406
-22,457
| -52% | -$150K |
|
|
PCTI
3150
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $141K | ﹤0.01% |
+15,954
| New | +$143K |
|
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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.