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 | |
|---|---|---|---|---|---|---|
|
CQB
1126
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
| $4.93M | 0.02% |
389,168
+260,637
| +203% | +$3.26M |
|
1127
PUT
Toll Brothers
TOL
$13.8B
| $4.93M | 0.02% |
151,900
+101,900
| +204% | +$3.3M |
|
1128
Kinross Gold
KGC
$39.1B
| $4.91M | 0.02% |
972,546
+619,546
| +176% | +$3.28M |
|
|
SNI
1129
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $4.9M | 0.02% |
62,688
-247,997
| -80% | -$18.3M |
|
1130
Gerdau
GGB
$8.5B
| $4.89M | 0.02% |
826,638
-237,647
| -22% | -$1.28M |
|
1131
Qualcomm
QCOM
$166B
| $4.89M | 0.02% |
72,700
-2,950
| -4% | -$193K |
|
1132
Regal Rexnord
RRX
$10.8B
| $4.89M | 0.02% |
71,962
-10,196
| -12% | -$677K |
|
|
ARMH
1133
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $4.88M | 0.02% |
101,375
-393,601
| -80% | -$16.6M |
|
|
BGG
1134
DELISTED
Briggs & Stratton Corp.
BGG
| $4.86M | 0.02% |
241,394
+99,794
| +70% | +$2.01M |
|
|
PLKI
1135
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $4.85M | 0.02% |
111,323
+53,773
| +93% | +$2.14M |
|
1136
PUT
Crocs
CROX
$6.03B
| $4.85M | 0.02% |
356,700
+344,900
| +2,923% | +$5M |
|
|
HNGR
1137
DELISTED
Hanger Inc.
HNGR
| $4.84M | 0.02% |
143,384
+101,221
| +240% | +$3.37M |
|
1138
Kulicke & Soffa
KLIC
$4.37B
| $4.84M | 0.02% |
418,887
+171,442
| +69% | +$1.95M |
|
1139
WisdomTree
WT
$3.61B
| $4.84M | 0.02% |
416,988
-758,930
| -65% | -$9.17M |
|
1140
Reliance Steel & Aluminium
RS
$19.5B
| $4.83M | 0.02% |
65,961
-1,405
| -2% | -$98K |
|
1141
Host Hotels & Resorts
HST
$15.9B
| $4.83M | 0.02% |
273,217
-456,098
| -63% | -$8.09M |
|
1142
Ball Corp
BALL
$17.1B
| $4.83M | 0.02% |
215,116
-1,351,184
| -86% | -$30.3M |
|
1143
CALL
eBay
EBAY
$47.7B
| $4.83M | 0.02% |
205,524
-102,406
| -33% | -$2.3M |
|
1144
MDU Resources
MDU
$4.2B
| $4.82M | 0.02% |
+453,334
| New | +$4.78M |
|
|
SWY
1145
CALL
DELISTED
SAFEWAY INC
SWY
| $4.8M | 0.02% |
+167,773
| New | +$4M |
|
1146
Copa Holdings
CPA
$5.95B
| $4.8M | 0.02% |
+34,628
| New | +$4.75M |
|
|
SWY
1147
PUT
DELISTED
SAFEWAY INC
SWY
| $4.8M | 0.02% |
+167,550
| New | +$3.99M |
|
|
GOLD
1148
DELISTED
Randgold Resources Ltd
GOLD
| $4.78M | 0.02% |
67,798
+20,374
| +43% | +$1.46M |
|
|
PLCM
1149
DELISTED
POLYCOM INC
PLCM
| $4.77M | 0.02% |
436,776
+51,244
| +13% | +$534K |
|
1150
CALL
Eli Lilly
LLY
$1.11T
| $4.77M | 0.02% |
94,700
+34,500
| +57% | +$1.81M |
|
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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.