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 | |
|---|---|---|---|---|---|---|
1076
Alaska Air
ALK
$4.64B
| $5.36M | 0.02% |
171,194
-492,858
| -74% | -$14.7M |
|
1077
CALL
United Rentals
URI
$67.4B
| $5.32M | 0.02% |
91,200
-259,200
| -74% | -$14.4M |
|
|
MIC
1078
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $5.31M | 0.02% |
99,208
-81,065
| -45% | -$4.44M |
|
1079
Hanover Insurance
THG
$7.92B
| $5.31M | 0.02% |
96,000
-29,540
| -24% | -$1.57M |
|
|
UFS
1080
DELISTED
DOMTAR CORPORATION (New)
UFS
| $5.3M | 0.02% |
133,470
-102,880
| -44% | -$3.65M |
|
1081
CALL
Dollar Tree
DLTR
$26.3B
| $5.28M | 0.02% |
92,300
-29,100
| -24% | -$1.57M |
|
1082
Harley-Davidson
HOG
$2.94B
| $5.23M | 0.02% |
81,437
-73,220
| -47% | -$4.33M |
|
1083
Kirby Corp
KEX
$7.32B
| $5.23M | 0.02% |
60,427
+12,784
| +27% | +$1.07M |
|
|
MON
1084
CALL
DELISTED
Monsanto Co
MON
| $5.22M | 0.02% |
50,000
| – | – |
|
1085
PTC
PTC
$16.7B
| $5.22M | 0.02% |
183,299
+74,862
| +69% | +$2.04M |
|
|
AVG
1086
DELISTED
AVG Technologies N.V.
AVG
| $5.21M | 0.02% |
217,536
+188,693
| +654% | +$4.2M |
|
1087
Teradyne
TER
$57B
| $5.2M | 0.02% |
314,577
+185,156
| +143% | +$3.07M |
|
1088
CALL
Citigroup
C
$221B
| $5.19M | 0.02% |
+106,900
| New | +$5.4M |
|
1089
CALL
Comcast
CMCSA
$95.9B
| $5.18M | 0.02% |
+229,800
| New | +$5M |
|
1090
InterDigital
IDCC
$8.8B
| $5.18M | 0.02% |
138,824
+30,333
| +28% | +$1.14M |
|
|
CAA
1091
CALL
DELISTED
CalAtlantic Group, Inc.
CAA
| $5.18M | 0.02% |
131,000
+119,000
| +992% | +$4.71M |
|
1092
Brunswick
BC
$5.26B
| $5.18M | 0.02% |
129,730
+79,454
| +158% | +$2.95M |
|
1093
CALL
NiSource
NI
$19.6B
| $5.18M | 0.02% |
426,542
-63,625
| -13% | -$753K |
|
1094
Glacier Bancorp
GBCI
$6.09B
| $5.18M | 0.02% |
+209,720
| New | +$5.03M |
|
1095
Boyd Gaming
BYD
$5.89B
| $5.17M | 0.02% |
365,324
+170,087
| +87% | +$2.09M |
|
|
ISIL
1096
DELISTED
Intersil Corp
ISIL
| $5.16M | 0.02% |
459,583
+156,722
| +52% | +$1.57M |
|
|
VTSS
1097
DELISTED
VITESSE SEMICONDUCTOR CORPORATION COMMON STOCK
VTSS
| $5.15M | 0.02% |
1,695,000
+145,000
| +9% | +$403K |
|
|
RDC
1098
CALL
DELISTED
Rowan Companies Plc
RDC
| $5.15M | 0.02% |
140,300
+100,300
| +251% | +$3.6M |
|
|
SCTY
1099
DELISTED
SolarCity Corporation
SCTY
| $5.14M | 0.02% |
+148,556
| New | +$5.57M |
|
|
KMR
1100
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
| $5.11M | 0.02% |
74,237
+47,409
| +177% | +$3.47M |
|
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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.