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 | |
|---|---|---|---|---|---|---|
|
VER
1251
DELISTED
VEREIT, Inc.
VER
| $3.95M | 0.01% |
64,782
+60,262
| +1,333% | +$4.1M |
|
|
JONE
1252
DELISTED
Jones Energy, Inc.
JONE
| $3.94M | 0.01% |
+13,044
| New | +$3.59M |
|
1253
iShares Russell 1000 Value ETF
IWD
$84.3B
| $3.94M | 0.01% |
45,665
+32,320
| +242% | +$2.8M |
|
1254
Cincinnati Financial
CINF
$26.3B
| $3.91M | 0.01% |
82,959
-34,246
| -29% | -$1.63M |
|
|
BERY
1255
DELISTED
Berry Global Group, Inc.
BERY
| $3.9M | 0.01% |
212,788
+78,917
| +59% | +$1.64M |
|
|
BID
1256
PUT
DELISTED
Sotheby's
BID
| $3.9M | 0.01% |
+79,400
| New | +$3.53M |
|
|
FIRE
1257
DELISTED
SOURCEFIRE INC COM STK
FIRE
| $3.9M | 0.01% |
51,387
+39,923
| +348% | +$2.85M |
|
1258
CALL
Newmont
NEM
$139B
| $3.9M | 0.01% |
138,800
+63,800
| +85% | +$1.89M |
|
|
ALU
1259
DELISTED
Alcatel-Lucent
ALU
| $3.9M | 0.01% |
+1,148,213
| New | +$2.93M |
|
|
NE
1260
CALL
DELISTED
Noble Corporation
NE
| $3.87M | 0.01% |
117,260
+60,060
| +105% | +$2.04M |
|
|
AKRX
1261
DELISTED
Akorn Inc
AKRX
| $3.86M | 0.01% |
196,347
+99,864
| +104% | +$1.62M |
|
|
DF
1262
PUT
DELISTED
Dean Foods Company
DF
| $3.86M | 0.01% |
200,000
+100,000
| +100% | +$2.02M |
|
|
BNY
1263
Bank of New York Mellon
BNY
$110B
| $3.85M | 0.01% |
127,654
-751,835
| -85% | -$23.1M |
|
|
MOLX
1264
CALL
DELISTED
MOLEX INC
MOLX
| $3.85M | 0.01% |
+100,000
| New | +$3.21M |
|
1265
Graco
GGG
$13B
| $3.85M | 0.01% |
155,778
+91,134
| +141% | +$2.14M |
|
|
ENZ
1266
DELISTED
Enzo Biochem, Inc.
ENZ
| $3.84M | 0.01% |
1,525,000
+15,000
| +1% | +$35.6K |
|
1267
EPAM Systems
EPAM
$5.74B
| $3.84M | 0.01% |
+111,251
| New | +$3.42M |
|
|
KERX
1268
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $3.84M | 0.01% |
380,363
-735,651
| -66% | -$6.55M |
|
1269
Manulife Financial
MFC
$71B
| $3.83M | 0.01% |
231,246
-47,267
| -17% | -$807K |
|
1270
Sunstone Hotel Investors
SHO
$2.1B
| $3.81M | 0.01% |
299,217
+276,640
| +1,225% | +$3.53M |
|
|
CSII
1271
DELISTED
Cardiovascular Systems, Inc.
CSII
| $3.81M | 0.01% |
190,058
-47,042
| -20% | -$979K |
|
1272
CALL
Dentsply Sirona
XRAY
$2.17B
| $3.81M | 0.01% |
+87,700
| New | +$3.74M |
|
1273
Nike
NKE
$60.5B
| $3.79M | 0.01% |
104,498
-348,616
| -77% | -$11.4M |
|
1274
PUT
Kinross Gold
KGC
$39.1B
| $3.79M | 0.01% |
750,000
| – | – |
|
1275
Dillards
DDS
$10B
| $3.78M | 0.01% |
48,238
-59,129
| -55% | -$4.79M |
|
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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.