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 | |
|---|---|---|---|---|---|---|
|
AXLL
1151
PUT
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $4.75M | 0.02% |
125,600
+300
| +0.2% | +$12.5K |
|
1152
Archrock
AROC
$5.38B
| $4.74M | 0.02% |
172,034
+18,240
| +12% | +$534K |
|
|
KDN
1153
DELISTED
KAYDON CORP
KDN
| $4.74M | 0.02% |
133,328
+85,699
| +180% | +$2.65M |
|
|
UNTD
1154
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $4.73M | 0.02% |
84,796
-6,144
| -7% | -$345K |
|
1155
PUT
Cisco
CSCO
$434B
| $4.71M | 0.02% |
201,100
+1,100
| +0.6% | +$27.3K |
|
1156
Thor Industries
THO
$4.13B
| $4.7M | 0.02% |
+80,999
| New | +$4.3M |
|
1157
Yum! Brands
YUM
$42.9B
| $4.7M | 0.02% |
91,493
-93,254
| -50% | -$4.84M |
|
|
SFLY
1158
DELISTED
Shutterfly, Inc.
SFLY
| $4.69M | 0.02% |
+83,930
| New | +$4.67M |
|
1159
CALL
F5
FFIV
$21.5B
| $4.68M | 0.02% |
54,600
+30,400
| +126% | +$2.58M |
|
1160
Booz Allen Hamilton
BAH
$9.05B
| $4.68M | 0.02% |
+242,339
| New | +$4.74M |
|
|
ASNA
1161
DELISTED
Ascena Retail Group, Inc.
ASNA
| $4.68M | 0.02% |
11,744
+9,709
| +477% | +$3.45M |
|
1162
CALL
Capri Holdings
CPRI
$1.55B
| $4.68M | 0.02% |
+62,800
| New | +$4.38M |
|
1163
Quanta Services
PWR
$92.7B
| $4.68M | 0.02% |
170,108
-846,748
| -83% | -$22.9M |
|
1164
Five Below
FIVE
$14.5B
| $4.68M | 0.02% |
107,015
+85,015
| +386% | +$3.41M |
|
1165
WaFd
WAFD
$2.69B
| $4.67M | 0.02% |
+226,084
| New | +$4.8M |
|
|
DCH
1166
Dauch Corp
DCH
$1.53B
| $4.65M | 0.02% |
235,592
+150,403
| +177% | +$2.97M |
|
1167
WEC Energy
WEC
$35.1B
| $4.64M | 0.02% |
114,971
-158,676
| -58% | -$6.61M |
|
|
CHS
1168
DELISTED
Chicos FAS, Inc.
CHS
| $4.62M | 0.01% |
277,451
-30,214
| -10% | -$498K |
|
|
CHL
1169
DELISTED
China Mobile Limited
CHL
| $4.6M | 0.01% |
81,444
-226,083
| -74% | -$12.2M |
|
1170
ScottsMiracle-Gro
SMG
$3.53B
| $4.59M | 0.01% |
+83,480
| New | +$4.39M |
|
|
MHGC
1171
DELISTED
Morgans Hotel Group Co.
MHGC
| $4.59M | 0.01% |
598,715
+154,553
| +35% | +$1.11M |
|
|
BV
1172
DELISTED
Bazaarvoice, Inc.
BV
| $4.57M | 0.01% |
504,043
+381,217
| +310% | +$3.88M |
|
|
P
1173
DELISTED
Pandora Media Inc
P
| $4.57M | 0.01% |
181,900
-876,990
| -83% | -$18M |
|
|
EEP
1174
CALL
DELISTED
Enbridge Energy Partners
EEP
| $4.57M | 0.01% |
150,000
| – | – |
|
1175
Affiliated Managers Group
AMG
$9.28B
| $4.56M | 0.01% |
24,990
+24,952
| +65,663% | +$4.43M |
|
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.