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 | |
|---|---|---|---|---|---|---|
751
News Corp Class B
NWS
$18.9B
| $8.88M | 0.03% |
+540,157
| New | +$8.73M |
|
752
WEX
WEX
$6.92B
| $8.87M | 0.03% |
101,026
-69,898
| -41% | -$5.91M |
|
753
Corpay
CPAY
$27.3B
| $8.85M | 0.03% |
80,332
+47,104
| +142% | +$4.6M |
|
|
WCC
754
WESCO International
WCC
$16.4B
| $8.84M | 0.03% |
115,565
-55,577
| -32% | -$4.12M |
|
|
OA
755
DELISTED
Orbital ATK, Inc.
OA
| $8.82M | 0.03% |
90,371
+81,071
| +872% | +$7.69M |
|
|
FNFG
756
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $8.81M | 0.03% |
850,061
-135,469
| -14% | -$1.41M |
|
757
PUT
Starbucks
SBUX
$122B
| $8.81M | 0.03% |
229,000
+7,200
| +3% | +$259K |
|
758
CALL
CenterPoint Energy
CNP
$25.7B
| $8.81M | 0.03% |
367,400
+297,400
| +425% | +$7.09M |
|
|
MDRX
759
DELISTED
Veradigm Inc. Common Stock
MDRX
| $8.8M | 0.03% |
591,578
+334,280
| +130% | +$5.04M |
|
|
WCG
760
CALL
DELISTED
Wellcare Health Plans, Inc.
WCG
| $8.77M | 0.03% |
+125,700
| New | +$8.04M |
|
|
SAFM
761
DELISTED
Sanderson Farms Inc
SAFM
| $8.75M | 0.03% |
134,095
+54,613
| +69% | +$3.78M |
|
762
DexCom
DXCM
$34.5B
| $8.73M | 0.03% |
1,238,000
-1,601,776
| -56% | -$10.1M |
|
|
BRFS
763
DELISTED
BRF SA
BRFS
| $8.7M | 0.03% |
354,775
+179,034
| +102% | +$4.11M |
|
764
Jazz Pharmaceuticals
JAZZ
$16.5B
| $8.69M | 0.03% |
94,446
+21,426
| +29% | +$1.73M |
|
|
BRCM
765
CALL
DELISTED
BROADCOM CORP CL-A
BRCM
| $8.67M | 0.03% |
333,200
+83,200
| +33% | +$2.35M |
|
|
PF
766
DELISTED
Pinnacle Foods, Inc.
PF
| $8.67M | 0.03% |
327,493
+294,176
| +883% | +$7.7M |
|
|
BEE
767
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
| $8.67M | 0.03% |
998,635
+402,405
| +67% | +$3.51M |
|
768
Walmart Inc
WMT
$847B
| $8.66M | 0.03% |
351,201
-2,468,595
| -88% | -$62.2M |
|
|
APC
769
PUT
DELISTED
Anadarko Petroleum
APC
| $8.64M | 0.03% |
92,900
+27,000
| +41% | +$2.46M |
|
|
VTG
770
DELISTED
VANTAGE DRILLING COMPANY ORD SHS (KY)
VTG
| $8.63M | 0.03% |
+4,988,483
| New | +$8.97M |
|
|
HK
771
PUT
DELISTED
Halcon Resources Corporation
HK
| $8.63M | 0.03% |
+11,296
| New | +$10.3M |
|
|
DO
772
DELISTED
Diamond Offshore Drilling
DO
| $8.63M | 0.03% |
+138,428
| New | +$9.26M |
|
773
Textron
TXT
$14.1B
| $8.61M | 0.03% |
311,894
-236,520
| -43% | -$6.59M |
|
774
UMB Financial
UMBF
$10.9B
| $8.61M | 0.03% |
158,355
+35,290
| +29% | +$2.06M |
|
775
Fidelity National Information Services
FIS
$21.3B
| $8.58M | 0.03% |
184,706
-320,146
| -63% | -$14.5M |
|
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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.