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 | |
|---|---|---|---|---|---|---|
|
NXGN
851
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $7.75M | 0.02% |
356,497
+343,804
| +2,709% | +$7.34M |
|
852
Silicon Motion
SIMO
$8.25B
| $7.74M | 0.02% |
592,915
-162,005
| -21% | -$1.83M |
|
|
WMS
853
DELISTED
WMS INDS INC
WMS
| $7.74M | 0.02% |
298,235
-333,835
| -53% | -$8.6M |
|
|
ETFC
854
DELISTED
E*Trade Financial Corporation
ETFC
| $7.73M | 0.02% |
468,415
-317,171
| -40% | -$4.73M |
|
|
ITMN
855
DELISTED
INTERMUNE INC
ITMN
| $7.72M | 0.02% |
502,248
+271,820
| +118% | +$3.82M |
|
856
Advanced Micro Devices
AMD
$746B
| $7.72M | 0.02% |
2,030,925
+1,697,055
| +508% | +$6.46M |
|
857
CALL
Monster Beverage
MNST
$95.8B
| $7.71M | 0.02% |
1,771,200
+201,600
| +13% | +$995K |
|
858
Snap-on
SNA
$20.4B
| $7.7M | 0.02% |
77,414
+44,815
| +137% | +$4.3M |
|
859
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $7.7M | 0.02% |
188,800
-11,200
| -6% | -$443K |
|
860
American International
AIG
$40.5B
| $7.68M | 0.02% |
157,944
-61,280
| -28% | -$2.91M |
|
|
ALXN
861
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $7.67M | 0.02% |
66,000
+62,000
| +1,550% | +$6.8M |
|
862
Celldex Therapeutics
CLDX
$3.19B
| $7.66M | 0.02% |
14,420
-1,264
| -8% | -$433K |
|
|
EVHC
863
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $7.65M | 0.02% |
+98,143
| New | +$7.81M |
|
864
CALL
CarMax
KMX
$8.91B
| $7.63M | 0.02% |
157,400
-1,100
| -0.7% | -$53.8K |
|
865
Wabtec
WAB
$50.3B
| $7.63M | 0.02% |
121,296
+63,518
| +110% | +$3.73M |
|
866
Amazon
AMZN
$2.83T
| $7.62M | 0.02% |
487,620
+178,760
| +58% | +$2.66M |
|
|
PPLI
867
People Inc
PPLI
$2.89B
| $7.61M | 0.02% |
778,724
-1,081,419
| -58% | -$9.88M |
|
868
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $7.6M | 0.02% |
+189,364
| New | +$7.49M |
|
869
Alliant Energy
LNT
$17.7B
| $7.6M | 0.02% |
306,616
-1,587,318
| -84% | -$40.6M |
|
870
iShares China Large-Cap ETF
FXI
$4.24B
| $7.59M | 0.02% |
204,805
+92,805
| +83% | +$3.3M |
|
|
FNBC
871
DELISTED
First NBC Bank Holding Company
FNBC
| $7.58M | 0.02% |
310,964
-253,473
| -45% | -$6.33M |
|
872
OFG Bancorp
OFG
$2.21B
| $7.55M | 0.02% |
466,290
-40,578
| -8% | -$727K |
|
873
Ameriprise Financial
AMP
$49.6B
| $7.54M | 0.02% |
82,795
+29,462
| +55% | +$2.6M |
|
874
General Mills
GIS
$21.9B
| $7.53M | 0.02% |
157,222
-451,876
| -74% | -$22.7M |
|
875
CALL
Walmart Inc
WMT
$847B
| $7.52M | 0.02% |
305,100
+5,100
| +2% | +$129K |
|
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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.