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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
FFIV icon
3376
PUT
F5
FFIV
$21.6B
-8,000
Closed -$550K
FHI icon
3377
Federated Hermes
FHI
$4.82B
-737,658
Closed -$20.2M
FICO icon
3378
Fair Isaac
FICO
$25.4B
-264,427
Closed -$12.1M
FIVE icon
3379
PUT
Five Below
FIVE
$14.2B
-19,000
Closed -$700K
FLS icon
3380
Flowserve
FLS
$10.2B
-67,397
Closed -$3.64M
FNV icon
3381
Franco-Nevada
FNV
$51.7B
-7,300
Closed -$261K
FOSL icon
3382
CALL
Fossil Group
FOSL
$329M
-85,100
Closed -$8.79M
FOSL icon
3383
PUT
Fossil Group
FOSL
$329M
-80,000
Closed -$8.27M
FPF
3384
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
-100,000
Closed -$2.5M
FR icon
3385
First Industrial Realty Trust
FR
$8.37B
-169,796
Closed -$2.58M
FSP
3386
Franklin Street Properties
FSP
$47.1M
-102,245
Closed -$1.35M
FTK icon
3387
Flotek Industries
FTK
$887M
-2,977
Closed -$320K
FXI icon
3388
PUT
iShares China Large-Cap ETF
FXI
$4.23B
-16,000
Closed -$520K
GATX icon
3389
GATX Corp
GATX
$6.25B
-125,038
Closed -$5.93M
GBX icon
3390
PUT
The Greenbrier Companies
GBX
$1.42B
-12,400
Closed -$302K
GCO icon
3391
Genesco
GCO
$388M
-103,498
Closed -$6.93M
GE icon
3392
PUT
GE Aerospace
GE
$354B
-10,078
Closed -$1.12M
GFF icon
3393
Griffon
GFF
$4.58B
-26,181
Closed -$295K
GFI icon
3394
CALL
Gold Fields
GFI
$42.2B
-42,400
Closed -$223K
GIII icon
3395
G-III Apparel Group
GIII
$1.42B
-180,754
Closed -$4.35M
GILD icon
3396
PUT
Gilead Sciences
GILD
$182B
-156,500
Closed -$8.02M
GLD icon
3397
CALL
SPDR Gold Trust
GLD
$155B
-500,000
Closed -$59.6M
GNTX icon
3398
Gentex
GNTX
$4.94B
-609,466
Closed -$7.02M
GOOG icon
3399
CALL
Alphabet (Google) Class C
GOOG
$4.22T
-1,116,168
Closed -$24.5M
GPC icon
3400
Genuine Parts
GPC
$18.5B
-22,928
Closed -$1.79M

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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.