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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
NTSP
3826
DELISTED
NETSPEND HLDGS INC COM STK
NTSP
-19,387
Closed -$310K
LUFK
3827
DELISTED
LUFKIN IND INC
LUFK
-209,083
Closed -$18.5M
NFP
3828
DELISTED
NATIONAL FINANCIAL PARTNERS CORP
NFP
-457,194
Closed -$11.6M
TRIO
3829
DELISTED
TRIO MERGER CORP (DE)
TRIO
-320,000
Closed -$3.25M
CTIC
3830
DELISTED
CTI BioPharma Corp. (DE) Common Stock
CTIC
-1,635
Closed -$17K
EGLE
3831
PUT
DELISTED
Eagle Bulk Shipping Inc.
EGLE
-39
Closed -$365K
KEM
3832
DELISTED
KEMET Corporation
KEM
-17,600
Closed -$72K
TYC
3833
CALL
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
-12,511
Closed -$432K
FWLT
3834
CALL
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
-48,100
Closed -$1.04M
ATVI
3835
CALL
DELISTED
Activision Blizzard
ATVI
-390,400
Closed -$5.57M
HIBB
3836
DELISTED
Hibbett, Inc. Common Stock
HIBB
-7,357
Closed -$409K
NITE
3837
CALL
DELISTED
KNIGHT CAPITAL GROUP, INC. CLASS A
NITE
-230,000
Closed -$826K
NITE
3838
DELISTED
KNIGHT CAPITAL GROUP, INC. CLASS A
NITE
-46,115
Closed -$166K
IRC
3839
DELISTED
INLAND REAL ESTATE CORP
IRC
-96,087
Closed -$982K
FNC
3840
DELISTED
SCBT FINANCIAL CORPORATION
FNC
-19,182
Closed -$967K
UBA
3841
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
-27,709
Closed -$559K
SBNY
3842
DELISTED
Signature Bank
SBNY
-167,057
Closed -$13.9M
VVUS
3843
CALL
DELISTED
Vivus Inc
VVUS
-5,000
Closed -$629K
BBT.PRG
3844
DELISTED
BB&T Corporation Depositary Shares each representing 1/1,000th interest in a share of Series G Non-C
BBT.PRG
-47,105
Closed -$1.08M
EFII
3845
DELISTED
Electronics for Imaging
EFII
-7,820
Closed -$221K
BBOX
3846
DELISTED
Black Box Corp
BBOX
-12,413
Closed -$314K
GFA
3847
DELISTED
Gafisa S.A.
GFA
-10,101
Closed -$342K
MTGE
3848
DELISTED
MTGE Investment Corp. Common Stock
MTGE
-804,833
Closed -$14.5M
CFNL
3849
DELISTED
Cardinal Financial Corp
CFNL
-45,239
Closed -$662K
EDE
3850
DELISTED
Empire District Electric
EDE
-128,202
Closed -$2.86M

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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.