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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
CRESY
3326
Cresud
CRESY
$790M
-42,707
Closed -$279K
CRH icon
3327
CRH
CRH
$63.6B
-32,638
Closed -$663K
CROX icon
3328
CALL
Crocs
CROX
$5.93B
-11,700
Closed -$193K
CRUS icon
3329
Cirrus Logic
CRUS
$5.63B
-43,491
Closed -$898K
CSCO icon
3330
CALL
Cisco
CSCO
$436B
-200,000
Closed -$4.87M
CTRA
3331
PUT
DELISTED
Coterra Energy
CTRA
-20,000
Closed -$710K
CUBI icon
3332
Customers Bancorp
CUBI
$2.69B
-24,090
Closed -$356K
CVBF icon
3333
CVB Financial
CVBF
$3.97B
-119,510
Closed -$1.41M
CXW icon
3334
CoreCivic
CXW
$3.35B
-116,465
Closed -$3.94M
DAKT icon
3335
Daktronics
DAKT
$918M
-25,254
Closed -$259K
DFP
3336
Flaherty & Crumrine Dynamic Preferred and Income Fund
DFP
$423M
-75,000
Closed -$1.88M
DHI icon
3337
CALL
D.R. Horton
DHI
$41.7B
-35,900
Closed -$764K
DIS icon
3338
PUT
Walt Disney
DIS
$190B
-50,000
Closed -$3.16M
DKS icon
3339
CALL
Dick's Sporting Goods
DKS
$16B
-16,700
Closed -$836K
DKS icon
3340
PUT
Dick's Sporting Goods
DKS
$16B
-7,300
Closed -$365K
DLB icon
3341
Dolby
DLB
$6.22B
-12,434
Closed -$416K
DPZ icon
3342
Domino's
DPZ
$11.4B
-91,996
Closed -$5.35M
DRD
3343
DRDGold
DRD
$2.67B
-16,130
Closed -$88K
DXJ icon
3344
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
-121,300
Closed -$5.53M
DXPE icon
3345
DXP Enterprises
DXPE
$2.9B
-4,710
Closed -$314K
DXLG icon
3346
Destination XL Group
DXLG
$34.3M
-22,550
Closed -$143K
E icon
3347
ENI
E
$79.7B
-30,943
Closed -$1.27M
EDU icon
3348
New Oriental
EDU
$8.99B
-12,300
Closed -$281K
EFA icon
3349
CALL
iShares MSCI EAFE ETF
EFA
$79.9B
-62,400
Closed -$3.58M
EHC icon
3350
Encompass Health
EHC
$12B
-62,762
Closed -$1.44M

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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.