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 | |
|---|---|---|---|---|---|---|
1201
Digital Realty Trust
DLR
$69.8B
| $4.34M | 0.01% |
+81,821
| New | +$4.65M |
|
|
CTCM
1202
DELISTED
CTC MEDIA INC COM STK
CTCM
| $4.34M | 0.01% |
413,263
+399,468
| +2,896% | +$4.53M |
|
1203
W.P. Carey
WPC
$16.3B
| $4.33M | 0.01% |
+68,331
| New | +$4.5M |
|
1204
Ingredion
INGR
$6.69B
| $4.33M | 0.01% |
65,419
-66,711
| -50% | -$4.36M |
|
1205
LXP Industrial Trust
LXP
$3.6B
| $4.31M | 0.01% |
76,704
+51,691
| +207% | +$3.12M |
|
1206
PUT
Tyson Foods
TSN
$20.4B
| $4.3M | 0.01% |
152,200
+2,200
| +1% | +$63.8K |
|
|
CZR
1207
DELISTED
Caesars Entertainment Corporation
CZR
| $4.3M | 0.01% |
+218,653
| New | +$4.11M |
|
1208
CALL
Designer Brands
DBI
$297M
| $4.3M | 0.01% |
100,800
+2,200
| +2% | +$88.9K |
|
1209
CALL
Valero Energy
VLO
$99.6B
| $4.3M | 0.01% |
125,800
+50,700
| +68% | +$1.79M |
|
|
WCN
1210
Waste Connections
WCN
$42.5B
| $4.29M | 0.01% |
141,869
-174,072
| -55% | -$5.04M |
|
1211
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $4.29M | 0.01% |
92,400
-65,283
| -41% | -$2.95M |
|
|
UPL
1212
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $4.29M | 0.01% |
208,456
-279,556
| -57% | -$5.89M |
|
|
1213
CALL
Tyson Foods
TSN
$20.4B
| $4.28M | 0.01% |
151,500
-7,100
| -4% | -$206K |
|
|
NPBC
1214
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $4.28M | 0.01% |
425,414
+281,693
| +196% | +$2.98M |
|
|
MM
1215
DELISTED
MILLENNIAL MEDIA INC COM STK (DE)
MM
| $4.27M | 0.01% |
+603,879
| New | +$4.89M |
|
1216
Sherwin-Williams
SHW
$84.2B
| $4.26M | 0.01% |
70,155
-333,423
| -83% | -$19.6M |
|
|
WW
1217
PUT
DELISTED
WW International
WW
| $4.26M | 0.01% |
+114,000
| New | +$4.59M |
|
1218
W.R. Berkley
WRB
$25.9B
| $4.24M | 0.01% |
334,206
-346,896
| -51% | -$4.35M |
|
|
RAI
1219
DELISTED
Reynolds American Inc
RAI
| $4.22M | 0.01% |
+173,074
| New | +$4.29M |
|
1220
Arch Capital
ACGL
$34.5B
| $4.21M | 0.01% |
233,628
+111,033
| +91% | +$1.99M |
|
1221
Xcel Energy
XEL
$48.3B
| $4.18M | 0.01% |
151,588
-715,542
| -83% | -$20.5M |
|
|
SREV
1222
DELISTED
ServiceSource International, Inc.
SREV
| $4.18M | 0.01% |
345,830
+303,630
| +720% | +$3.59M |
|
|
CVSA
1223
Covista Inc
CVSA
$4.52B
| $4.16M | 0.01% |
136,130
+14,077
| +12% | +$434K |
|
1224
PUT
Bristol-Myers Squibb
BMY
$137B
| $4.15M | 0.01% |
+89,600
| New | +$3.93M |
|
1225
Colgate-Palmolive
CL
$73.8B
| $4.14M | 0.01% |
69,905
+60,305
| +628% | +$3.57M |
|
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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.