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 | |
|---|---|---|---|---|---|---|
|
NVDQ
1051
DELISTED
Novadaq Technologies Inc.
NVDQ
| $5.59M | 0.02% |
337,064
+58,776
| +21% | +$835K |
|
1052
PUT
Owens Corning
OC
$11.6B
| $5.58M | 0.02% |
+147,000
| New | +$5.73M |
|
|
TBI
1053
Trueblue
TBI
$325M
| $5.58M | 0.02% |
232,393
+43,452
| +23% | +$1.08M |
|
1054
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $5.58M | 0.02% |
33,207
-5,649
| -15% | -$947K |
|
1055
Myriad Genetics
MYGN
$292M
| $5.57M | 0.02% |
237,135
+228,035
| +2,506% | +$6.48M |
|
1056
TD Synnex
SNX
$19.5B
| $5.57M | 0.02% |
+181,120
| New | +$4.63M |
|
1057
Ubiquiti
UI
$33.5B
| $5.57M | 0.02% |
165,687
+137,487
| +488% | +$3.68M |
|
|
BLOX
1058
DELISTED
Infoblox Inc
BLOX
| $5.57M | 0.02% |
133,078
+119,067
| +850% | +$4.14M |
|
|
LLL
1059
DELISTED
L3 Technologies, Inc.
LLL
| $5.53M | 0.02% |
+58,474
| New | +$5.39M |
|
1060
TherapeuticsMD
TXMD
$24M
| $5.51M | 0.02% |
37,630
+4,230
| +13% | +$511K |
|
1061
3M
MMM
$92.3B
| $5.51M | 0.02% |
+55,162
| New | +$5.36M |
|
|
VCRA
1062
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $5.5M | 0.02% |
295,508
+92,177
| +45% | +$1.5M |
|
1063
PUT
KB Home
KBH
$3.41B
| $5.47M | 0.02% |
303,600
+255,800
| +535% | +$4.48M |
|
|
AUXL
1064
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $5.46M | 0.02% |
300,057
-537,129
| -64% | -$9.7M |
|
1065
Nexstar Media Group
NXST
$5.74B
| $5.45M | 0.02% |
122,484
-122,967
| -50% | -$4.4M |
|
|
EMBJ
1066
Embraer S.A. ADS
EMBJ
$13.6B
| $5.44M | 0.02% |
167,606
+127,106
| +314% | +$4.42M |
|
|
WLT
1067
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
| $5.43M | 0.02% |
387,334
+313,177
| +422% | +$3.98M |
|
1068
Royal Bank of Canada
RY
$284B
| $5.43M | 0.02% |
+84,520
| New | +$5.25M |
|
|
WMGI
1069
DELISTED
Wright Medical Group Inc
WMGI
| $5.42M | 0.02% |
207,907
-439,170
| -68% | -$11.5M |
|
1070
Dover
DOV
$27.4B
| $5.41M | 0.02% |
89,800
-143,344
| -61% | -$8.26M |
|
|
BBL
1071
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $5.4M | 0.02% |
91,810
-98,869
| -52% | -$5.76M |
|
1072
M&T Bank
MTB
$34.9B
| $5.39M | 0.02% |
48,158
+14,991
| +45% | +$1.73M |
|
1073
Sonida Senior Living
SNDA
$1.89B
| $5.38M | 0.02% |
16,947
-26,290
| -61% | -$8.91M |
|
|
WFT
1074
PUT
DELISTED
Weatherford International plc
WFT
| $5.37M | 0.02% |
350,000
| – | – |
|
1075
Clearway Energy Class C
CWEN
$6.63B
| $5.36M | 0.02% |
+354,078
| New | +$5.08M |
|
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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.