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 | |
|---|---|---|---|---|---|---|
526
Alkermes
ALKS
$8.11B
| $14M | 0.05% |
417,849
-376,907
| -47% | -$12.3M |
|
|
SLXP
527
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $14M | 0.05% |
209,831
-88,610
| -30% | -$6.11M |
|
528
PUT
SM Energy
SM
$8.85B
| $14M | 0.05% |
+181,400
| New | +$12.6M |
|
529
CALL
APA Corp
APA
$15.2B
| $14M | 0.05% |
164,400
+44,000
| +37% | +$3.66M |
|
|
DGI
530
DELISTED
DigitalGlobe Inc.
DGI
| $14M | 0.05% |
442,214
+137,078
| +45% | +$4.39M |
|
|
CSC
531
DELISTED
Computer Sciences
CSC
| $13.9M | 0.04% |
638,017
+615,025
| +2,675% | +$12.9M |
|
532
PUT
Eli Lilly
LLY
$1.12T
| $13.9M | 0.04% |
+275,800
| New | +$14.4M |
|
533
Zillow
ZG
$8.27B
| $13.9M | 0.04% |
+493,650
| New | +$13.6M |
|
534
McKesson
MCK
$100B
| $13.8M | 0.04% |
107,434
-163,602
| -60% | -$20.1M |
|
|
BRS
535
DELISTED
Bristow Group, Inc.
BRS
| $13.8M | 0.04% |
189,430
+76,816
| +68% | +$5.28M |
|
|
HITK
536
DELISTED
HI-TECH PHARMACAL INC
HITK
| $13.8M | 0.04% |
318,942
+302,995
| +1,900% | +$11.6M |
|
|
DELL
537
CALL
DELISTED
DELL INC
DELL
| $13.8M | 0.04% |
1,000,000
-600,000
| -38% | -$8.13M |
|
|
CONE
538
DELISTED
CyrusOne Inc Common Stock
CONE
| $13.7M | 0.04% |
723,154
+351,386
| +95% | +$7.01M |
|
539
Tapestry
TPR
$26B
| $13.6M | 0.04% |
250,018
-286,501
| -53% | -$15.8M |
|
540
Matador Resources
MTDR
$7.22B
| $13.6M | 0.04% |
+834,708
| New | +$12.4M |
|
541
Monster Beverage
MNST
$93.6B
| $13.6M | 0.04% |
+3,126,624
| New | +$15.4M |
|
542
Lamar Advertising Co
LAMR
$15.3B
| $13.6M | 0.04% |
289,296
+98,075
| +51% | +$4.32M |
|
543
Loews
L
$22.5B
| $13.5M | 0.04% |
289,858
+275,271
| +1,887% | +$12.7M |
|
|
BBBY
544
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
| $13.5M | 0.04% |
175,000
-26,800
| -13% | -$2.01M |
|
545
Teradata
TDC
$2.58B
| $13.4M | 0.04% |
242,480
+119,470
| +97% | +$7.02M |
|
546
Genworth Financial
GNW
$3.73B
| $13.4M | 0.04% |
1,046,793
+778,851
| +291% | +$9.76M |
|
547
CALL
Halliburton
HAL
$29.4B
| $13.4M | 0.04% |
277,700
+6,600
| +2% | +$309K |
|
|
THI
548
DELISTED
TIM HORTONS INC COM, CANADA
THI
| $13.3M | 0.04% |
230,000
-319,044
| -58% | -$18.1M |
|
549
CALL
Meta Platforms (Facebook)
META
$1.4T
| $13.3M | 0.04% |
264,700
+139,700
| +112% | +$5.2M |
|
550
CALL
Kohl's
KSS
$2B
| $13.3M | 0.04% |
256,500
+120,100
| +88% | +$6.27M |
|
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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.