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 | |
|---|---|---|---|---|---|---|
1226
Realty Income
O
$59.8B
| $4.13M | 0.01% |
107,330
-13,081
| -11% | -$530K |
|
|
COLE
1227
DELISTED
COLE REAL ESTATE INVESTMENTS, INC COM
COLE
| $4.13M | 0.01% |
+337,109
| New | +$3.83M |
|
1228
CALL
Eversource Energy
ES
$26.8B
| $4.13M | 0.01% |
100,000
-102,400
| -51% | -$4.33M |
|
|
PTLA
1229
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $4.12M | 0.01% |
154,098
-47,025
| -23% | -$1.12M |
|
|
MLNX
1230
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $4.1M | 0.01% |
108,066
+83,720
| +344% | +$3.58M |
|
|
SINA
1231
PUT
DELISTED
Sina Corp
SINA
| $4.1M | 0.01% |
+50,500
| New | +$3.71M |
|
1232
TransDigm Group
TDG
$66.3B
| $4.1M | 0.01% |
29,543
-24,475
| -45% | -$3.48M |
|
1233
Option Care Health
OPCH
$3.55B
| $4.1M | 0.01% |
+116,657
| New | +$6.41M |
|
|
CTB
1234
DELISTED
Cooper Tire & Rubber Co.
CTB
| $4.07M | 0.01% |
132,058
-22,942
| -15% | -$747K |
|
1235
eBay
EBAY
$47.7B
| $4.07M | 0.01% |
173,139
-787,898
| -82% | -$17.7M |
|
1236
Korn Ferry
KFY
$4.35B
| $4.05M | 0.01% |
189,201
+60,160
| +47% | +$1.19M |
|
1237
CNO Financial Group
CNO
$5.02B
| $4.05M | 0.01% |
281,131
-206,464
| -42% | -$2.94M |
|
1238
CALL
Mitsubishi UFJ Financial
MUFG
$248B
| $4.04M | 0.01% |
630,900
+28,600
| +5% | +$182K |
|
1239
CBRE Group
CBRE
$44B
| $4.02M | 0.01% |
173,942
-100,156
| -37% | -$2.32M |
|
|
ORB
1240
DELISTED
ORBITAL SCIENCES CORP
ORB
| $4.01M | 0.01% |
189,508
+65,067
| +52% | +$1.23M |
|
|
YOKU
1241
CALL
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $4.01M | 0.01% |
+146,200
| New | +$3.35M |
|
1242
CubeSmart
CUBE
$9.21B
| $4M | 0.01% |
224,265
+49,432
| +28% | +$842K |
|
1243
Fresenius Medical Care
FMS
$12.5B
| $4M | 0.01% |
+123,384
| New | +$4.02M |
|
1244
PUT
Petrobras
PBR
$120B
| $3.98M | 0.01% |
256,900
+100
| +0% | +$1.43K |
|
|
SPLS
1245
CALL
DELISTED
Staples Inc
SPLS
| $3.98M | 0.01% |
271,500
-78,500
| -22% | -$1.23M |
|
|
CAMP
1246
DELISTED
CalAmp Corp.
CAMP
| $3.97M | 0.01% |
9,801
-3,649
| -27% | -$1.35M |
|
1247
Henry Schein
HSIC
$9.98B
| $3.97M | 0.01% |
97,527
+65,122
| +201% | +$2.64M |
|
1248
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $3.97M | 0.01% |
99,667
-102,207
| -51% | -$4.16M |
|
1249
Bio-Rad Laboratories Class A
BIO
$10.2B
| $3.96M | 0.01% |
33,644
-16,936
| -33% | -$2M |
|
1250
BioMarin Pharmaceuticals
BMRN
$12.6B
| $3.96M | 0.01% |
54,808
-183,357
| -77% | -$12.2M |
|
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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.