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 | |
|---|---|---|---|---|---|---|
801
Constellation Brands
STZ
$23.5B
| $8.27M | 0.03% |
144,094
+100,118
| +228% | +$5.45M |
|
802
Stryker
SYK
$126B
| $8.25M | 0.03% |
122,087
+57,744
| +90% | +$3.99M |
|
803
Repligen
RGEN
$10.2B
| $8.25M | 0.03% |
743,864
-9,916
| -1% | -$98.7K |
|
|
CLR
804
PUT
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $8.24M | 0.03% |
153,600
-135,400
| -47% | -$6.49M |
|
805
Omnicom Group
OMC
$24.4B
| $8.23M | 0.03% |
+129,691
| New | +$8.26M |
|
806
TripAdvisor
TRIP
$1.19B
| $8.22M | 0.03% |
108,347
-215,756
| -67% | -$15.3M |
|
|
SODA
807
CALL
DELISTED
SodaStream International Ltd
SODA
| $8.21M | 0.03% |
+131,700
| New | +$8.36M |
|
|
SLH
808
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $8.21M | 0.03% |
155,299
+28,042
| +22% | +$1.54M |
|
809
CALL
Chord Energy
CHRD
$7.91B
| $8.2M | 0.03% |
166,900
-36,600
| -18% | -$1.54M |
|
810
ICICI Bank
IBN
$106B
| $8.16M | 0.03% |
1,473,379
+772,041
| +110% | +$4.53M |
|
811
CALL
Cheniere Energy
LNG
$58B
| $8.15M | 0.03% |
238,700
+117,000
| +96% | +$3.47M |
|
|
CLR
812
CALL
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $8.14M | 0.03% |
+151,800
| New | +$7.27M |
|
813
Madison Square Garden
MSGS
$9.69B
| $8.13M | 0.03% |
196,279
+100,517
| +105% | +$4.23M |
|
814
The GEO Group
GEO
$4.24B
| $8.12M | 0.03% |
366,179
+73,563
| +25% | +$1.65M |
|
|
AZPN
815
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $8.11M | 0.03% |
234,859
+34,376
| +17% | +$1.19M |
|
816
Southwest Airlines
LUV
$19.9B
| $8.11M | 0.03% |
556,818
-1,105,710
| -67% | -$15M |
|
817
PUT
Lowe's Companies
LOW
$122B
| $8.1M | 0.03% |
+170,200
| New | +$7.72M |
|
818
Global Payments
GPN
$25B
| $8.07M | 0.03% |
315,838
+68,796
| +28% | +$1.66M |
|
819
Eagle Materials
EXP
$6.27B
| $8.05M | 0.03% |
110,954
+47,481
| +75% | +$3.23M |
|
|
BBBY
820
DELISTED
Bed Bath & Beyond Inc
BBBY
| $8.04M | 0.03% |
103,956
+30,366
| +41% | +$2.27M |
|
|
SKS
821
DELISTED
SAKS INCORPORATED
SKS
| $8.03M | 0.03% |
503,505
-73,326
| -13% | -$1.14M |
|
|
BOBE
822
DELISTED
Bob Evans Farms, Inc.
BOBE
| $8.01M | 0.03% |
139,803
+81,874
| +141% | +$4.22M |
|
823
SPDR Gold Trust
GLD
$155B
| $8M | 0.03% |
62,418
-16,339
| -21% | -$2.1M |
|
824
Arcos Dorados Holdings
ARCO
$1.7B
| $7.98M | 0.03% |
692,509
+516,653
| +294% | +$5.92M |
|
|
SPR
825
DELISTED
Spirit AeroSystems
SPR
| $7.98M | 0.03% |
329,377
-95,974
| -23% | -$2.29M |
|
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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.