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 | |
|---|---|---|---|---|---|---|
601
Emcor
EME
$34.3B
| $11.8M | 0.04% |
300,468
+169,854
| +130% | +$6.88M |
|
602
United Natural Foods
UNFI
$2.91B
| $11.7M | 0.04% |
173,999
-289,117
| -62% | -$17.6M |
|
603
Zoetis
ZTS
$32.1B
| $11.7M | 0.04% |
375,413
+65,969
| +21% | +$2.02M |
|
|
SPN
604
DELISTED
Superior Energy Services, Inc.
SPN
| $11.7M | 0.04% |
46,624
-79,472
| -63% | -$20.7M |
|
605
Pacific Biosciences
PACB
$420M
| $11.7M | 0.04% |
2,113,434
+1,672,917
| +380% | +$5.81M |
|
606
PUT
Las Vegas Sands
LVS
$30.5B
| $11.7M | 0.04% |
175,600
-249,400
| -59% | -$14.5M |
|
607
Carlisle Companies
CSL
$14.6B
| $11.6M | 0.04% |
165,727
-170,315
| -51% | -$11.5M |
|
608
CALL
Pfizer
PFE
$160B
| $11.6M | 0.04% |
426,659
-616,590
| -59% | -$16.8M |
|
609
Public Storage
PSA
$60.2B
| $11.5M | 0.04% |
71,799
+63,337
| +748% | +$10M |
|
|
VMRK
610
CALL
Vivmark Residential
VMRK
$25B
| $11.5M | 0.04% |
214,800
+201,300
| +1,491% | +$11.1M |
|
611
CALL
Bank of America
BAC
$431B
| $11.5M | 0.04% |
833,800
+83,800
| +11% | +$1.2M |
|
|
KOG
612
DELISTED
KODIAK OIL & GAS CORP
KOG
| $11.5M | 0.04% |
951,749
+453,890
| +91% | +$4.55M |
|
|
HOUS
613
DELISTED
Anywhere Real Estate
HOUS
| $11.5M | 0.04% |
266,416
+260,416
| +4,340% | +$11.8M |
|
614
Rockwell Automation
ROK
$48.5B
| $11.4M | 0.04% |
106,790
-39,235
| -27% | -$3.83M |
|
615
CALL
Autodesk
ADSK
$53.6B
| $11.4M | 0.04% |
277,000
+177,000
| +177% | +$6.54M |
|
|
HUB.B
616
DELISTED
HUBBELL INC CL-B
HUB.B
| $11.3M | 0.04% |
108,164
+71,423
| +194% | +$7.51M |
|
|
B
617
Barrick Mining
B
$78.3B
| $11.3M | 0.04% |
606,384
-429,649
| -41% | -$7.58M |
|
618
Kilroy Realty
KRC
$4.25B
| $11.3M | 0.04% |
225,397
+191,788
| +571% | +$9.89M |
|
619
Travelers Companies
TRV
$75.8B
| $11.2M | 0.04% |
132,490
-410,055
| -76% | -$33.9M |
|
620
CALL
Bristol-Myers Squibb
BMY
$137B
| $11.2M | 0.04% |
+241,800
| New | +$10.6M |
|
|
PDCO
621
DELISTED
Patterson Companies, Inc.
PDCO
| $11.2M | 0.04% |
278,334
+42,735
| +18% | +$1.73M |
|
622
Donaldson
DCI
$10.8B
| $11.1M | 0.04% |
291,990
+41,261
| +16% | +$1.53M |
|
623
CF Industries
CF
$19.6B
| $11.1M | 0.04% |
264,035
-104,005
| -28% | -$3.98M |
|
624
United Fire Group
UFCS
$1.36B
| $11.1M | 0.04% |
365,203
-164,269
| -31% | -$4.72M |
|
625
Trimble
TRMB
$14B
| $11.1M | 0.04% |
373,760
-60,105
| -14% | -$1.64M |
|
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.