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 | |
|---|---|---|---|---|---|---|
1001
Robert Half
RHI
$4.62B
| $6.08M | 0.02% |
155,855
-12,307
| -7% | -$453K |
|
|
AET
1002
DELISTED
Aetna Inc
AET
| $6.06M | 0.02% |
94,698
+32,446
| +52% | +$2.08M |
|
1003
Cabot Corp
CBT
$4.33B
| $6.06M | 0.02% |
141,879
+114,638
| +421% | +$4.63M |
|
1004
Golar LNG
GLNG
$5.25B
| $6.05M | 0.02% |
160,642
+151,192
| +1,600% | +$5.54M |
|
|
NVO
1005
Novo Nordisk
NVO
$207B
| $6.03M | 0.02% |
356,380
+308,520
| +645% | +$5.19M |
|
1006
T-Mobile US
TMUS
$196B
| $6M | 0.02% |
230,970
-68,837
| -23% | -$1.68M |
|
|
RHT
1007
DELISTED
Red Hat Inc
RHT
| $6M | 0.02% |
129,943
+11,426
| +10% | +$580K |
|
1008
GSI Technology
GSIT
$220M
| $5.98M | 0.02% |
850,417
-113,755
| -12% | -$764K |
|
|
GHDX
1009
DELISTED
Genomic Health, Inc.
GHDX
| $5.97M | 0.02% |
195,274
+28,439
| +17% | +$951K |
|
1010
Hyatt Hotels
H
$17B
| $5.96M | 0.02% |
138,731
-263,579
| -66% | -$11.6M |
|
1011
CALL
VeriSign
VRSN
$26.3B
| $5.95M | 0.02% |
117,000
-18,200
| -13% | -$879K |
|
1012
CALL
Verizon
VZ
$208B
| $5.95M | 0.02% |
127,500
+27,500
| +28% | +$1.34M |
|
1013
Regency Centers
REG
$14B
| $5.94M | 0.02% |
122,885
-27,353
| -18% | -$1.38M |
|
|
WLT
1014
CALL
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $5.93M | 0.02% |
684,600
+35,600
| +5% | +$452K |
|
1015
Kosmos Energy
KOS
$1.7B
| $5.93M | 0.02% |
577,082
+287,786
| +99% | +$3.01M |
|
|
FINL
1016
DELISTED
Finish Line
FINL
| $5.91M | 0.02% |
237,571
+222,930
| +1,523% | +$4.93M |
|
|
HSNI
1017
DELISTED
HSN, Inc.
HSNI
| $5.88M | 0.02% |
109,726
+28,378
| +35% | +$1.62M |
|
|
KKD
1018
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $5.86M | 0.02% |
303,155
+172,881
| +133% | +$3.51M |
|
|
JWN
1019
PUT
DELISTED
Nordstrom
JWN
| $5.84M | 0.02% |
104,000
+4,000
| +4% | +$236K |
|
1020
PUT
D.R. Horton
DHI
$41.7B
| $5.84M | 0.02% |
+300,700
| New | +$5.95M |
|
|
BRCM
1021
DELISTED
BROADCOM CORP CL-A
BRCM
| $5.84M | 0.02% |
224,291
-683,482
| -75% | -$19.3M |
|
1022
CALL
The Mosaic Company
MOS
$7.63B
| $5.81M | 0.02% |
+135,000
| New | +$6.28M |
|
1023
SPX Corp
SPXC
$10.1B
| $5.79M | 0.02% |
271,815
+162,652
| +149% | +$3.16M |
|
1024
CALL
VanEck Gold Miners ETF
GDX
$32.2B
| $5.79M | 0.02% |
+231,300
| New | +$6.15M |
|
1025
CALL
Children's Place
PLCE
$58M
| $5.79M | 0.02% |
+100,000
| New | +$5.48M |
|
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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.