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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
PAL
3226
DELISTED
NORTH AMERICAN PALLADIUM LTD
PAL
$31K ﹤0.01%
+32,414
New +$34.8K
FWM
3227
DELISTED
FAIRWAY GROUP HLDGS CORP CL A COM STK (DE)
FWM
$30K ﹤0.01%
1,178
-2,911
-71% -$72.9K
RSOL
3228
DELISTED
REAL GOODS SOLAR, INC. CL A COM
RSOL
$30K ﹤0.01%
+10,707
New +$24.2K
FLR icon
3229
Fluor
FLR
$6.86B
$29K ﹤0.01%
408
-257,727
-100% -$16.7M
HILL
3230
DELISTED
DOT HILL SYSTEMS CORP
HILL
$26K ﹤0.01%
+12,162
New +$29.8K
TGB
3231
Trekor Metals
TGB
$3.42B
$25K ﹤0.01%
+12,012
New +$24.7K
RBY
3232
DELISTED
RUBICON MENERALS CORP (F)
RBY
$24K ﹤0.01%
+19,175
New +$27.2K
GEVO icon
3233
Gevo
GEVO
$378M
$23K ﹤0.01%
2
-9
-82% -$104K
STM icon
3234
STMicroelectronics
STM
$44B
$23K ﹤0.01%
+2,523
New +$22.5K
VGZ icon
3235
Vista Gold
VGZ
$352M
$21K ﹤0.01%
46,426
+30,377
+189% +$24.9K
BLDP
3236
Ballard Power Systems
BLDP
$690M
$19K ﹤0.01%
+10,800
New +$19.4K
STL
3237
DELISTED
STERLING BANCORP
STL
$19K ﹤0.01%
+1,389
New +$18.5K
FRTX
3238
DELISTED
Fresh Tracks Therapeutics, Inc. Common Stock
FRTX
$18K ﹤0.01%
4
-15
-79% -$113K
AGO icon
3239
CALL
Assured Guaranty
AGO
$3.26B
$13K ﹤0.01%
+700
New +$14.8K
RDN icon
3240
CALL
Radian Group
RDN
$4.86B
$7K ﹤0.01%
+500
New +$6.68K
CCU.RT
3241
CALL
DELISTED
COMPANIA CERVECERIAS UNIDAS RTS EXP 10/4/13 PUR ADS (CHL)
CCU.RT
$5K ﹤0.01%
+10,388
New +$4.67K
CERN
3242
DELISTED
Cerner Corp
CERN
$2K ﹤0.01%
39
-36,887
-100% -$1.8M
ARR.WS
3243
DELISTED
ARMOUR RESIDENTIAL REIT, INC WARRANTS
ARR.WS
$1K ﹤0.01%
231,241
ABBV icon
3244
CALL
AbbVie
ABBV
$467B
-170,400
Closed -$7.04M
ADC icon
3245
Agree Realty
ADC
$9.28B
-22,791
Closed -$673K
ADUS icon
3246
Addus HomeCare
ADUS
$2.26B
-11,500
Closed -$227K
AER icon
3247
AerCap
AER
$23.2B
-594,217
Closed -$10.4M
AFG icon
3248
American Financial Group
AFG
$12B
-231,231
Closed -$11.3M
AFL icon
3249
Aflac
AFL
$59.3B
-720,438
Closed -$20.9M
AGCO icon
3250
AGCO
AGCO
$7.71B
-79,474
Closed -$3.99M

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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.