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 | |
|---|---|---|---|---|---|---|
976
PUT
Altria Group
MO
$114B
| $6.32M | 0.02% |
184,000
| – | – |
|
|
ARPI
977
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| $6.32M | 0.02% |
+358,837
| New | +$6.26M |
|
978
Advanced Energy
AEIS
$11B
| $6.31M | 0.02% |
360,152
+246,708
| +217% | +$4.86M |
|
|
CYBX
979
DELISTED
CYBERONICS INC
CYBX
| $6.31M | 0.02% |
124,284
+68,848
| +124% | +$3.61M |
|
|
PETM
980
CALL
DELISTED
PETSMART INC
PETM
| $6.3M | 0.02% |
82,600
+34,900
| +73% | +$2.52M |
|
|
DRC
981
CALL
DELISTED
DRESSER-RAND GROUP INC
DRC
| $6.28M | 0.02% |
100,700
+31,100
| +45% | +$1.94M |
|
982
JetBlue
JBLU
$1.87B
| $6.28M | 0.02% |
942,144
+403,030
| +75% | +$2.6M |
|
983
Group 1 Automotive
GPI
$3.09B
| $6.28M | 0.02% |
+80,825
| New | +$6.03M |
|
|
RFMD
984
DELISTED
RF MICRO DEVICES INC
RFMD
| $6.28M | 0.02% |
1,113,170
+108,406
| +11% | +$570K |
|
|
JNY
985
DELISTED
JONES GROUP INC COM STK (PA)
JNY
| $6.27M | 0.02% |
417,980
+367,044
| +721% | +$5.76M |
|
986
Crane NXT
CXT
$2.87B
| $6.25M | 0.02% |
291,873
+138,296
| +90% | +$2.94M |
|
987
Extra Space Storage
EXR
$30.9B
| $6.24M | 0.02% |
136,285
+107,099
| +367% | +$4.64M |
|
988
PUT
ResMed
RMD
$33.5B
| $6.23M | 0.02% |
118,000
-287,200
| -71% | -$13.9M |
|
989
PUT
Qualcomm
QCOM
$166B
| $6.22M | 0.02% |
92,400
+1,300
| +1% | +$85.2K |
|
|
EZCH
990
CALL
DELISTED
EZCHIP SEMICONDUCTOR LIMITED ORD SHS (IL)
EZCH
| $6.22M | 0.02% |
+252,300
| New | +$7.08M |
|
991
Check Point Software Technologies
CHKP
$13.3B
| $6.21M | 0.02% |
+109,740
| New | +$6.17M |
|
|
AEL
992
DELISTED
American Equity Investment Life Holding Company
AEL
| $6.21M | 0.02% |
292,470
-24,039
| -8% | -$459K |
|
|
SUSQ
993
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $6.21M | 0.02% |
495,269
+419,762
| +556% | +$5.54M |
|
994
Steel Dynamics
STLD
$32.9B
| $6.21M | 0.02% |
371,108
-155,061
| -29% | -$2.46M |
|
|
WFT
995
CALL
DELISTED
Weatherford International plc
WFT
| $6.2M | 0.02% |
404,500
+377,200
| +1,382% | +$5.53M |
|
996
Baidu
BIDU
$31.3B
| $6.19M | 0.02% |
39,879
+15,832
| +66% | +$2.04M |
|
997
PUT
Netflix
NFLX
$333B
| $6.18M | 0.02% |
+1,400,000
| New | +$5.41M |
|
|
PRA
998
DELISTED
ProAssurance
PRA
| $6.15M | 0.02% |
136,558
+122,655
| +882% | +$6.14M |
|
|
NSM
999
CALL
DELISTED
Nationstar Mortgage Holdings
NSM
| $6.09M | 0.02% |
+108,300
| New | +$5.28M |
|
1000
CALL
Tapestry
TPR
$26.4B
| $6.09M | 0.02% |
111,600
+34,000
| +44% | +$1.87M |
|
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.