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 | |
|---|---|---|---|---|---|---|
|
26
Home Depot
HD
$335B
| $88.9M | 0.29% |
1,171,825
+929,077
| +383% | +$71.7M |
|
|
LIFE
27
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
| $86.7M | 0.28% |
1,158,317
+53,479
| +5% | +$3.99M |
|
28
EQT Corp
EQT
$33.6B
| $84.4M | 0.27% |
1,748,469
-711,208
| -29% | -$33M |
|
29
Oneok
OKE
$58.8B
| $81.5M | 0.26% |
1,745,654
+1,284,350
| +278% | +$55.7M |
|
|
WLL
30
DELISTED
Whiting Petroleum Corporation
WLL
| $80.7M | 0.26% |
4,492
+490
| +12% | +$7.59M |
|
|
ELN
31
DELISTED
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
| $79.9M | 0.26% |
5,126,711
+2,989,703
| +140% | +$45.1M |
|
32
Viatris
VTRS
$18.7B
| $79.7M | 0.26% |
2,088,206
+1,653,419
| +380% | +$58.2M |
|
33
Alphabet (Google) Class C
GOOG
$4.18T
| $79.6M | 0.26% |
3,649,709
+755,341
| +26% | +$16.7M |
|
34
SLB Ltd
SLB
$79.9B
| $77.9M | 0.25% |
881,742
-84,580
| -9% | -$6.95M |
|
|
GRFS
35
Grifois
GRFS
$5.44B
| $76.3M | 0.25% |
5,040,306
+1,360,430
| +37% | +$21.2M |
|
|
CAM
36
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $75.9M | 0.24% |
1,300,802
+985,484
| +313% | +$58.7M |
|
|
ONXX
37
CALL
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
| $74.4M | 0.24% |
597,000
+548,900
| +1,141% | +$69.5M |
|
38
CALL
ExxonMobil
XOM
$679B
| $72.7M | 0.23% |
844,600
-381,400
| -31% | -$34.4M |
|
|
39
Johnson & Johnson
JNJ
$651B
| $72.5M | 0.23% |
+836,108
| New | +$75M |
|
40
Ross Stores
ROST
$76.7B
| $72.4M | 0.23% |
1,989,888
-568,196
| -22% | -$19.4M |
|
|
SINA
41
DELISTED
Sina Corp
SINA
| $72.2M | 0.23% |
889,737
+498,710
| +128% | +$36.6M |
|
|
VTLE
42
DELISTED
Vital Energy
VTLE
| $69.9M | 0.22% |
+117,682
| New | +$57.6M |
|
43
PepsiCo
PEP
$196B
| $69.8M | 0.22% |
878,375
+278,659
| +46% | +$22.9M |
|
44
Portland General Electric
POR
$5.83B
| $69.7M | 0.22% |
2,468,664
+297,203
| +14% | +$8.88M |
|
|
CIE
45
DELISTED
Cobalt International Energy, Inc
CIE
| $68.9M | 0.22% |
184,725
-4,243
| -2% | -$1.72M |
|
|
PXD
46
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $67.9M | 0.22% |
359,700
+48,500
| +16% | +$8.24M |
|
47
JPMorgan Chase
JPM
$935B
| $67.6M | 0.22% |
1,308,024
+904,612
| +224% | +$48.5M |
|
|
PARA
48
DELISTED
Paramount Global Class B
PARA
| $66.6M | 0.21% |
1,207,932
+252,932
| +26% | +$13.5M |
|
49
Medtronic
MDT
$119B
| $66.3M | 0.21% |
1,245,619
+720,336
| +137% | +$38.8M |
|
50
McDonald's
MCD
$192B
| $66.3M | 0.21% |
689,114
+324,171
| +89% | +$31.6M |
|
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.