Israel Englander Millennium Management
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Electric Power
AEP
|
+$119M |
| 2 |
PPL
PPL Corp
PPL
|
+$104M |
| 3 |
CMS Energy
CMS
|
+$101M |
| 4 |
Johnson & Johnson
JNJ
|
+$75M |
| 5 |
Home Depot
HD
|
+$71.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Duke Energy
DUK
|
+$125M |
| 2 |
Ameren
AEE
|
+$85.8M |
| 3 |
TWX
Time Warner Inc
TWX
|
+$76.1M |
| 4 |
Starwood Property Trust
STWD
|
+$72.3M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$69.3M |
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 | |
|---|---|---|---|---|---|---|
351
GameStop
GME
$8.17B
| $19.9M | 0.06% |
1,604,872
+1,219,104
| +316% | +$14.6M |
|
|
GMCR
352
DELISTED
KEURIG GREEN MTN INC
GMCR
| $19.9M | 0.06% |
263,938
+72,951
| +38% | +$5.76M |
|
|
ZNGA
353
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $19.8M | 0.06% |
5,391,521
+5,247,118
| +3,634% | +$16.6M |
|
354
Moody's
MCO
$87.2B
| $19.7M | 0.06% |
280,708
-169,779
| -38% | -$11.1M |
|
355
PUT
Expedia Group
EXPE
$38.6B
| $19.7M | 0.06% |
+380,500
| New | +$20.3M |
|
|
CB
356
DELISTED
CHUBB CORPORATION
CB
| $19.7M | 0.06% |
220,625
-53,462
| -20% | -$4.63M |
|
|
ESV
357
CALL
DELISTED
Ensco Rowan plc
ESV
| $19.6M | 0.06% |
91,375
+5,125
| +6% | +$1.18M |
|
358
Lumen
LUMN
$6.13B
| $19.6M | 0.06% |
625,437
+271,364
| +77% | +$9.24M |
|
|
PRE
359
DELISTED
PARTNERRE LTD
PRE
| $19.6M | 0.06% |
213,982
+208,851
| +4,070% | +$18.7M |
|
360
Ironwood Pharmaceuticals
IRWD
$709M
| $19.5M | 0.06% |
1,964,689
+1,653,734
| +532% | +$16.2M |
|
|
JNPR
361
DELISTED
Juniper Networks
JNPR
| $19.5M | 0.06% |
980,429
+959,513
| +4,587% | +$19.8M |
|
362
United Rentals
URI
$68.4B
| $19.4M | 0.06% |
332,280
+36,393
| +12% | +$2.02M |
|
|
BBG
363
DELISTED
Bill Barrett Corp
BBG
| $19.4M | 0.06% |
771,174
+214,681
| +39% | +$4.83M |
|
364
Lowe's Companies
LOW
$121B
| $19.2M | 0.06% |
403,990
+41,992
| +12% | +$1.91M |
|
|
TLM
365
DELISTED
TALISMAN ENERGY INC
TLM
| $19.2M | 0.06% |
1,670,543
-1,166,479
| -41% | -$13M |
|
366
ExxonMobil
XOM
$679B
| $19.2M | 0.06% |
223,263
+207,851
| +1,349% | +$18.7M |
|
367
CALL
Golar LNG
GLNG
$5.31B
| $19.2M | 0.06% |
+509,600
| New | +$18.7M |
|
368
Ericsson
ERIC
$33.5B
| $19.1M | 0.06% |
1,430,265
+104,391
| +8% | +$1.3M |
|
369
Pacira BioSciences
PCRX
$983M
| $19.1M | 0.06% |
397,132
-182,258
| -31% | -$6.64M |
|
370
PUT
Halliburton
HAL
$29.4B
| $19.1M | 0.06% |
395,700
+80,700
| +26% | +$3.78M |
|
|
IPXL
371
DELISTED
Impax Laboratories, Inc.
IPXL
| $19M | 0.06% |
930,396
-211,430
| -19% | -$4.37M |
|
372
Children's Place
PLCE
$55.4M
| $19M | 0.06% |
328,056
+308,729
| +1,597% | +$16.9M |
|
373
Ovintiv
OVV
$18.5B
| $18.9M | 0.06% |
218,392
+57,441
| +36% | +$5M |
|
374
Bunge Global
BG
$21.7B
| $18.8M | 0.06% |
247,550
+61,526
| +33% | +$4.66M |
|
375
Lam Research
LRCX
$393B
| $18.8M | 0.06% |
3,668,250
-2,896,910
| -44% | -$14.2M |
|
Similar funds
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.