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 | |
|---|---|---|---|---|---|---|
576
Radian Group
RDN
$4.84B
| $12.6M | 0.04% |
907,649
+771,792
| +568% | +$10.3M |
|
|
ARIA
577
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $12.6M | 0.04% |
682,769
+627,501
| +1,135% | +$12.2M |
|
578
PUT
Pultegroup
PHM
$24.6B
| $12.5M | 0.04% |
+760,000
| New | +$13M |
|
579
PUT
Amgen
AMGN
$238B
| $12.5M | 0.04% |
111,900
+69,800
| +166% | +$7.57M |
|
580
CALL
Norfolk Southern
NSC
$78.8B
| $12.5M | 0.04% |
161,600
+131,400
| +435% | +$9.84M |
|
581
Pentair
PNR
$10.3B
| $12.4M | 0.04% |
285,321
-381,742
| -57% | -$15.9M |
|
582
Fossil Group
FOSL
$332M
| $12.4M | 0.04% |
106,932
-21,522
| -17% | -$2.46M |
|
|
SIX
583
DELISTED
Six Flags Entertainment Corp.
SIX
| $12.4M | 0.04% |
366,803
+195,734
| +114% | +$6.92M |
|
584
Brown & Brown
BRO
$24.4B
| $12.3M | 0.04% |
766,888
-1,888,628
| -71% | -$30.8M |
|
585
Manitowoc
MTW
$710M
| $12.3M | 0.04% |
693,523
+250,376
| +56% | +$4.55M |
|
|
DOLE
586
DELISTED
DOLE FOOD CO INC NEW CMN STK (DE)
DOLE
| $12.2M | 0.04% |
+899,012
| New | +$11.9M |
|
|
FNSR
587
DELISTED
Finisar Corp
FNSR
| $12.2M | 0.04% |
538,359
+355,949
| +195% | +$7.34M |
|
588
Sabra Healthcare REIT
SBRA
$5.21B
| $12.2M | 0.04% |
529,073
+243,680
| +85% | +$6M |
|
589
ArcelorMittal
MT
$54.4B
| $12.2M | 0.04% |
389,026
+145,538
| +60% | +$4.37M |
|
|
LPNT
590
DELISTED
LifePoint Health, Inc.
LPNT
| $12.1M | 0.04% |
260,473
+185,571
| +248% | +$8.88M |
|
|
SHOS
591
DELISTED
Sears Hometown and Outlet Stores, Inc.
SHOS
| $12.1M | 0.04% |
379,725
+289,165
| +319% | +$11.1M |
|
592
CALL
Altria Group
MO
$110B
| $12M | 0.04% |
350,000
| – | – |
|
|
EV
593
DELISTED
Eaton Vance Corp.
EV
| $12M | 0.04% |
309,172
+31,855
| +11% | +$1.27M |
|
594
Signet Jewelers
SIG
$3.16B
| $12M | 0.04% |
167,445
-63,812
| -28% | -$4.52M |
|
|
HSP
595
DELISTED
HOSPIRA INC
HSP
| $12M | 0.04% |
305,269
+263,052
| +623% | +$10.5M |
|
|
TMH
596
DELISTED
Team Health Holdings Inc
TMH
| $11.9M | 0.04% |
313,562
+292,286
| +1,374% | +$11.5M |
|
597
Vanguard Short-Term Bond ETF
BSV
$45.6B
| $11.9M | 0.04% |
147,609
+1,609
| +1% | +$129K |
|
|
DYAX
598
DELISTED
DYAX CORPORATION
DYAX
| $11.8M | 0.04% |
1,724,324
+1,162,873
| +207% | +$5.28M |
|
599
Avery Dennison
AVY
$13.9B
| $11.8M | 0.04% |
271,714
+145,238
| +115% | +$6.43M |
|
600
Vale
VALE
$62.1B
| $11.8M | 0.04% |
755,337
+315,596
| +72% | +$4.67M |
|
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.