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 | |
|---|---|---|---|---|---|---|
926
Jack Henry & Associates
JKHY
$12.1B
| $6.9M | 0.02% |
133,618
+113,513
| +565% | +$5.67M |
|
927
Leggett & Platt
LEG
$1.28B
| $6.9M | 0.02% |
228,729
-39,385
| -15% | -$1.21M |
|
928
PUT
Biogen
BIIB
$32.2B
| $6.86M | 0.02% |
28,500
-104,600
| -79% | -$23.4M |
|
|
OWW
929
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $6.85M | 0.02% |
711,698
+286,122
| +67% | +$2.82M |
|
|
SGEN
930
DELISTED
Seagen Inc. Common Stock
SGEN
| $6.85M | 0.02% |
156,350
-7,753
| -5% | -$323K |
|
931
Mid-America Apartment Communities
MAA
$15.4B
| $6.85M | 0.02% |
109,603
+77,331
| +240% | +$4.99M |
|
|
DISH
932
CALL
DELISTED
DISH Network Corp.
DISH
| $6.85M | 0.02% |
+152,100
| New | +$6.84M |
|
933
US Bancorp
USB
$97.3B
| $6.84M | 0.02% |
186,979
-1,762,319
| -90% | -$65.3M |
|
934
Enviri
NVRI
$595M
| $6.81M | 0.02% |
273,579
+196,913
| +257% | +$4.9M |
|
|
SYT
935
DELISTED
Syngenta Ag
SYT
| $6.8M | 0.02% |
83,703
+3,683
| +5% | +$295K |
|
|
SFD
936
PUT
DELISTED
SMITHFIELD FOODS,INC
SFD
| $6.8M | 0.02% |
200,000
+100,000
| +100% | +$3.35M |
|
937
Credit Acceptance
CACC
$6.26B
| $6.8M | 0.02% |
61,344
-30,040
| -33% | -$3.33M |
|
938
SM Energy
SM
$8.67B
| $6.79M | 0.02% |
87,976
-4,337
| -5% | -$300K |
|
|
BRCD
939
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $6.79M | 0.02% |
843,284
+257,117
| +44% | +$1.84M |
|
940
CALL
Netflix
NFLX
$333B
| $6.77M | 0.02% |
+1,533,000
| New | +$5.92M |
|
|
URS
941
DELISTED
URS CORP
URS
| $6.77M | 0.02% |
125,978
+118,778
| +1,650% | +$5.89M |
|
|
MR
942
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $6.74M | 0.02% |
173,420
+102,339
| +144% | +$4.12M |
|
|
MFB
943
DELISTED
MAIDENFORM BRANDS, INC
MFB
| $6.74M | 0.02% |
287,031
+260,029
| +963% | +$5.77M |
|
944
Sensata Technologies
ST
$6.11B
| $6.74M | 0.02% |
176,122
-304,481
| -63% | -$11.4M |
|
|
NBIS
945
Nebius Group N.V.
NBIS
$57.3B
| $6.73M | 0.02% |
+184,717
| New | +$6.07M |
|
|
NUAN
946
DELISTED
Nuance Communications, Inc.
NUAN
| $6.72M | 0.02% |
415,415
-185,164
| -31% | -$3.06M |
|
|
947
CALL
Duke Energy
DUK
$95.1B
| $6.71M | 0.02% |
100,500
+500
| +0.5% | +$34.1K |
|
948
CALL
Rockwell Automation
ROK
$47.7B
| $6.71M | 0.02% |
+62,700
| New | +$6.12M |
|
949
Bank of America
BAC
$436B
| $6.69M | 0.02% |
485,022
-1,961,926
| -80% | -$28M |
|
950
Royal Gold
RGLD
$22.3B
| $6.68M | 0.02% |
137,338
+42,951
| +46% | +$2.23M |
|
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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.