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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
MLNX
3676
CALL
DELISTED
Mellanox Technologies, Ltd.
MLNX
-150,000
Closed -$7.42M
MLNX
3677
PUT
DELISTED
Mellanox Technologies, Ltd.
MLNX
-150,000
Closed -$7.42M
RTN
3678
DELISTED
Raytheon Company
RTN
-309,400
Closed -$23M
IPHS
3679
DELISTED
Innophos Holdings, Inc.
IPHS
-24,226
Closed -$1.14M
CRR
3680
DELISTED
Carbo Ceramics Inc.
CRR
-46,859
Closed -$3.98M
STI
3681
DELISTED
SunTrust Banks, Inc.
STI
-588,549
Closed -$18.6M
VIAB
3682
CALL
DELISTED
Viacom Inc. Class B
VIAB
-17,400
Closed -$1.18M
SDT
3683
DELISTED
SANDRIDGE MISSISSIPPIAN TRUST I
SDT
-21,611
Closed -$301K
GHDX
3684
PUT
DELISTED
Genomic Health, Inc.
GHDX
-60,200
Closed -$1.91M
LTXB
3685
DELISTED
LegacyTexas Financial Group Inc
LTXB
-12,962
Closed -$270K
MDSO
3686
DELISTED
Medidata Solutions, Inc.
MDSO
-18,930
Closed -$733K
RTEC
3687
DELISTED
Rudolph Technologies Inc
RTEC
-21,435
Closed -$240K
TI.A
3688
DELISTED
Telecom Italia 10 Svg
TI.A
-11,700
Closed -$65K
LABL
3689
DELISTED
Multi-Color Corp
LABL
-15,106
Closed -$458K
LION
3690
DELISTED
Fidelity Southern Corporation
LION
-62,883
Closed -$767K
KEYW
3691
DELISTED
The KEYW Holding Corporation
KEYW
-83,712
Closed -$1.11M
ELGX
3692
DELISTED
Endologix Inc
ELGX
-10,159
Closed -$1.35M
NFX
3693
PUT
DELISTED
Newfield Exploration
NFX
-100,000
Closed -$2.39M
ESIO
3694
DELISTED
Electro Scientific Industries
ESIO
-15,300
Closed -$165K
GOV
3695
DELISTED
Government Properties Income Trust
GOV
-8,093
Closed -$204K
OCLR
3696
DELISTED
Oclaro Inc.
OCLR
-256,186
Closed -$302K
ARII
3697
DELISTED
American Railcar Industries, Inc.
ARII
-32,371
Closed -$1.08M
AFSI
3698
DELISTED
AmTrust Financial Services, Inc.
AFSI
-107,107
Closed -$1.74M
COL
3699
DELISTED
Rockwell Collins
COL
-75,227
Closed -$5.32M
CALL
3700
DELISTED
magicJack VocalTec Ltd
CALL
-53,800
Closed -$763K

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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.