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 | |
|---|---|---|---|---|---|---|
426
Automatic Data Processing
ADP
$112B
| $17M | 0.05% |
267,602
+258,604
| +2,874% | +$16.4M |
|
427
CALL
Occidental Petroleum
OXY
$61.3B
| $17M | 0.05% |
189,654
+106,152
| +127% | +$9.12M |
|
428
Nokia
NOK
$57B
| $17M | 0.05% |
+2,607,556
| New | +$12.3M |
|
|
COV
429
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $17M | 0.05% |
278,296
-64,313
| -19% | -$3.92M |
|
|
RDS.A
430
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $16.9M | 0.05% |
276,282
+169,551
| +159% | +$10.4M |
|
431
Truist Financial
TFC
$61.6B
| $16.9M | 0.05% |
501,740
-630,693
| -56% | -$22M |
|
432
H&R Block
HRB
$6.62B
| $16.9M | 0.05% |
634,165
-60,415
| -9% | -$1.76M |
|
433
Charter Communications
CHTR
$17.9B
| $16.9M | 0.05% |
125,426
-26,212
| -17% | -$3.33M |
|
434
ManpowerGroup
MAN
$2.86B
| $16.9M | 0.05% |
232,049
+220,004
| +1,827% | +$14.7M |
|
|
YOKU
435
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $16.9M | 0.05% |
615,297
+518,323
| +534% | +$11.9M |
|
436
CALL
Viatris
VTRS
$18.7B
| $16.9M | 0.05% |
+441,600
| New | +$15.5M |
|
437
Tyson Foods
TSN
$20.6B
| $16.8M | 0.05% |
595,577
-500,921
| -46% | -$14.5M |
|
438
PVH
PVH
$3.62B
| $16.8M | 0.05% |
141,843
+113,284
| +397% | +$14.5M |
|
439
SBA Communications
SBAC
$19.4B
| $16.8M | 0.05% |
208,884
-83,469
| -29% | -$6.33M |
|
|
TWC
440
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $16.8M | 0.05% |
150,400
+50,400
| +50% | +$5.67M |
|
|
ATHL
441
DELISTED
ATHLON ENERGY INC COM
ATHL
| $16.7M | 0.05% |
+511,155
| New | +$14.9M |
|
|
LSI
442
DELISTED
LSI CORPORATION
LSI
| $16.7M | 0.05% |
2,133,935
-766,054
| -26% | -$5.86M |
|
443
Mohawk Industries
MHK
$9.23B
| $16.7M | 0.05% |
127,839
-44,266
| -26% | -$5.4M |
|
444
PUT
Tapestry
TPR
$26B
| $16.6M | 0.05% |
304,900
+82,800
| +37% | +$4.56M |
|
445
Rio Tinto
RIO
$171B
| $16.6M | 0.05% |
340,810
-128,367
| -27% | -$5.99M |
|
446
JB Hunt Transport Services
JBHT
$25.9B
| $16.6M | 0.05% |
227,482
+97,421
| +75% | +$7.25M |
|
447
Cigna
CI
$73.3B
| $16.5M | 0.05% |
215,055
+180,031
| +514% | +$14.1M |
|
448
Bank of Hawaii
BOH
$3.06B
| $16.5M | 0.05% |
303,407
+225,809
| +291% | +$12.2M |
|
|
CSOD
449
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $16.5M | 0.05% |
321,111
+222,607
| +226% | +$11M |
|
450
Ares Capital
ARCC
$14.3B
| $16.4M | 0.05% |
951,284
+858,824
| +929% | +$15M |
|
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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.