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 | |
|---|---|---|---|---|---|---|
1276
Orthofix Medical
OFIX
$399M
| $3.77M | 0.01% |
181,407
+139,734
| +335% | +$3.39M |
|
1277
Acadia Pharmaceuticals
ACAD
$5.11B
| $3.77M | 0.01% |
137,120
-86,333
| -39% | -$1.8M |
|
1278
Tenet Healthcare
THC
$22.4B
| $3.76M | 0.01% |
91,246
-298,267
| -77% | -$12.5M |
|
1279
KeyCorp
KEY
$23.3B
| $3.76M | 0.01% |
329,519
-1,619,809
| -83% | -$19.4M |
|
|
KS
1280
DELISTED
KapStone Paper and Pack Corp.
KS
| $3.75M | 0.01% |
175,042
+119,430
| +215% | +$2.6M |
|
|
SRCL
1281
DELISTED
Stericycle Inc
SRCL
| $3.74M | 0.01% |
32,380
+19,508
| +152% | +$2.25M |
|
1282
Jabil
JBL
$31.9B
| $3.73M | 0.01% |
172,031
+89,768
| +109% | +$2.05M |
|
1283
Canadian Natural Resources
CNQ
$104B
| $3.73M | 0.01% |
+245,265
| New | +$3.68M |
|
1284
Commerce Bancshares
CBSH
$8.41B
| $3.7M | 0.01% |
159,298
+42,712
| +37% | +$1.02M |
|
1285
Eldorado Gold
EGO
$12.1B
| $3.7M | 0.01% |
110,201
+2,352
| +2% | +$89.3K |
|
1286
Copart
CPRT
$30.8B
| $3.68M | 0.01% |
925,760
+354,504
| +62% | +$1.44M |
|
1287
Fastenal
FAST
$58.8B
| $3.67M | 0.01% |
292,184
-90,368
| -24% | -$1.07M |
|
|
SVU
1288
DELISTED
SUPERVALU Inc.
SVU
| $3.67M | 0.01% |
63,728
-119,180
| -65% | -$6.28M |
|
|
ELLI
1289
DELISTED
Ellie Mae Inc
ELLI
| $3.66M | 0.01% |
114,442
-824,366
| -88% | -$23M |
|
|
SIRO
1290
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $3.65M | 0.01% |
54,605
-235,404
| -81% | -$15.9M |
|
1291
Seagate
STX
$180B
| $3.65M | 0.01% |
83,376
-292,397
| -78% | -$12.3M |
|
|
BKR
1292
DELISTED
BAKER MICHAEL CORP
BKR
| $3.65M | 0.01% |
+90,161
| New | +$3.33M |
|
1293
Markel Group
MKL
$22.5B
| $3.65M | 0.01% |
+7,043
| New | +$3.7M |
|
|
BTU
1294
PUT
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $3.65M | 0.01% |
14,087
-10,880
| -44% | -$2.78M |
|
1295
Essex Property Trust
ESS
$18.9B
| $3.64M | 0.01% |
+24,661
| New | +$3.82M |
|
1296
CALL
Intel
INTC
$461B
| $3.64M | 0.01% |
158,900
-341,300
| -68% | -$7.86M |
|
|
VMW
1297
PUT
DELISTED
VMware, Inc
VMW
| $3.64M | 0.01% |
45,000
-22,400
| -33% | -$1.81M |
|
|
FWLT
1298
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $3.63M | 0.01% |
137,977
-7,283
| -5% | -$170K |
|
|
LXK
1299
CALL
DELISTED
Lexmark Intl Inc
LXK
| $3.63M | 0.01% |
110,100
-66,100
| -38% | -$2.34M |
|
1300
KLA
KLAC
$237B
| $3.62M | 0.01% |
595,380
-223,230
| -27% | -$1.31M |
|
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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.