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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
TRW
3776
CALL
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
-15,000
Closed -$997K
CFN
3777
CALL
DELISTED
CAREFUSION CORPORATION
CFN
-60,200
Closed -$2.22M
DRL
3778
DELISTED
DORAL FINANCIAL CORPORATION (NEW)
DRL
-725
Closed -$12K
GTIV
3779
CALL
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
-20,400
Closed -$203K
AUXL
3780
PUT
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
-250,000
Closed -$4.16M
FST
3781
DELISTED
FOREST OIL CORPORATION
FST
-309,749
Closed -$1.27M
KOG
3782
CALL
DELISTED
KODIAK OIL & GAS CORP
KOG
-120,400
Closed -$1.07M
VVTV
3783
DELISTED
VALUEVISION MEDIA INC
VVTV
-148,300
Closed -$758K
EDMC
3784
DELISTED
EDUCATION MGMT CORP NEW COM STK (PA)
EDMC
-19,915
Closed -$112K
TWTC
3785
DELISTED
TW TELECOM INC CL A COM
TWTC
-67,642
Closed -$1.9M
DVR
3786
DELISTED
CAL DIVE INTERNATIONAL INC COM
DVR
-63,933
Closed -$120K
ITMN
3787
CALL
DELISTED
INTERMUNE INC
ITMN
-40,000
Closed -$385K
ITMN
3788
PUT
DELISTED
INTERMUNE INC
ITMN
-40,000
Closed -$385K
VITC
3789
DELISTED
VITACOST COM INC COM STK (DE)
VITC
-15,761
Closed -$133K
STRZA
3790
DELISTED
Starz - Series A
STRZA
-248,267
Closed -$5.49M
OPEN
3791
PUT
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
-25,000
Closed -$1.6M
RDA
3792
DELISTED
RDA MICROELECTRONICS INC SPONSORED ADR
RDA
-11,561
Closed -$128K
FURX
3793
DELISTED
FURIEX PHARMACEUTICALS INC COM STK (DE)
FURX
-25,668
Closed -$875K
JOSB
3794
DELISTED
JOS A BANK CLOTHIERS INC
JOSB
-12,252
Closed -$506K
BRE
3795
DELISTED
BRE PROPERTIES INC CL A
BRE
-96,308
Closed -$4.82M
SPRD
3796
PUT
DELISTED
SPREADTRUM COMMUNICATIONS INC ADS (CAYMAN ISLANDS)
SPRD
-50,000
Closed -$1.31M
BLC
3797
DELISTED
BELO CORP SER A
BLC
-742,056
Closed -$10.4M
LCC
3798
CALL
DELISTED
US AIRWAYS GROUP INC.
LCC
-80,300
Closed -$1.32M
LCC
3799
DELISTED
US AIRWAYS GROUP INC.
LCC
-194,940
Closed -$3.2M
EDG
3800
DELISTED
EDGEN GROUP INC CLASS A COM STK
EDG
-93,804
Closed -$598K

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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.