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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
EL icon
3351
CALL
Estee Lauder
EL
$37.5B
-150,000
Closed -$9.87M
EL icon
3352
PUT
Estee Lauder
EL
$37.5B
-175,000
Closed -$11.5M
ENB icon
3353
CALL
Enbridge
ENB
$110B
-202,700
Closed -$8.53M
ENS icon
3354
EnerSys
ENS
$6.72B
-90,035
Closed -$4.84M
ENSG icon
3355
The Ensign Group
ENSG
$10.5B
-23,612
Closed -$212K
EQIX icon
3356
Equinix
EQIX
$103B
-4,212
Closed -$778K
VMRK
3357
Vivmark Residential
VMRK
$25.4B
-6,900
Closed -$380K
ESGR
3358
DELISTED
Enstar Group
ESGR
-5,792
Closed -$770K
ETR icon
3359
Entergy
ETR
$49.2B
-1,262,610
Closed -$44M
EWBC icon
3360
East-West Bancorp
EWBC
$17.7B
-10,359
Closed -$285K
EWL icon
3361
iShares MSCI Switzerland ETF
EWL
$2.44B
-13,747
Closed -$394K
EXAS
3362
DELISTED
Exact Sciences
EXAS
-232,902
Closed -$3.24M
EXC icon
3363
PUT
Exelon
EXC
$45.6B
-70,100
Closed -$1.54M
EXK
3364
Endeavour Silver
EXK
$3.17B
-29,205
Closed -$100K
FAF icon
3365
First American
FAF
$7.37B
-348,242
Closed -$7.67M
FARM
3366
DELISTED
Farmer Brothers
FARM
-19,230
Closed -$270K
FARO
3367
DELISTED
Faro Technologies
FARO
-45,586
Closed -$1.54M
FAST icon
3368
PUT
Fastenal
FAST
$58.9B
-52,800
Closed -$604K
FC icon
3369
Franklin Covey
FC
$232M
-10,989
Closed -$148K
FCBC icon
3370
First Community Bankshares
FCBC
$941M
-10,081
Closed -$158K
FCF icon
3371
First Commonwealth Financial
FCF
$2.13B
-216,721
Closed -$1.6M
FCN icon
3372
FTI Consulting
FCN
$4.29B
-81,091
Closed -$2.67M
FE icon
3373
FirstEnergy
FE
$26.9B
-303,133
Closed -$11.4M
FET icon
3374
CALL
Forum Energy Technologies
FET
$858M
-6,020
Closed -$3.66M
FFIV icon
3375
F5
FFIV
$21.6B
-281,432
Closed -$23.9M

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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.