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 | |
|---|---|---|---|---|---|---|
1326
Southern Company
SO
$104B
| $3.45M | 0.01% |
83,730
-115,617
| -58% | -$4.98M |
|
1327
Workday
WDAY
$49.2B
| $3.45M | 0.01% |
+42,597
| New | +$3.1M |
|
|
AAWW
1328
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $3.44M | 0.01% |
74,631
+30,948
| +71% | +$1.4M |
|
|
HME
1329
DELISTED
HOME PROPERTIES, INC
HME
| $3.43M | 0.01% |
+59,387
| New | +$3.64M |
|
1330
PUT
MGM Resorts International
MGM
$11B
| $3.43M | 0.01% |
167,700
| – | – |
|
|
WX
1331
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $3.42M | 0.01% |
125,000
-22,036
| -15% | -$522K |
|
1332
PUT
BlackBerry
BB
$4.48B
| $3.42M | 0.01% |
+430,900
| New | +$4.18M |
|
1333
Green Dot
GDOT
$765M
| $3.42M | 0.01% |
130,054
+99,866
| +331% | +$2.31M |
|
|
RPRX
1334
DELISTED
Repros Therapeutics Inc.
RPRX
| $3.42M | 0.01% |
127,639
-162,815
| -56% | -$3.49M |
|
1335
Haemonetics
HAE
$4.93B
| $3.42M | 0.01% |
85,717
-94,687
| -52% | -$3.97M |
|
1336
CALL
Innoviva
INVA
$1.52B
| $3.42M | 0.01% |
+103,748
| New | +$3.23M |
|
1337
CALL
Vulcan Materials
VMC
$35.8B
| $3.41M | 0.01% |
65,800
-6,900
| -9% | -$341K |
|
1338
PUT
NetApp
NTAP
$36.7B
| $3.4M | 0.01% |
+79,900
| New | +$3.32M |
|
1339
Worthington Enterprises
WOR
$2.78B
| $3.4M | 0.01% |
160,323
+126,052
| +368% | +$2.7M |
|
1340
IQVIA
IQV
$42.8B
| $3.4M | 0.01% |
75,788
-102,201
| -57% | -$4.51M |
|
1341
Tronox
TROX
$861M
| $3.4M | 0.01% |
138,847
+89,698
| +183% | +$1.99M |
|
1342
Hope Bancorp
HOPE
$1.78B
| $3.39M | 0.01% |
246,622
-138,281
| -36% | -$1.99M |
|
1343
iShares MSCI Taiwan ETF
EWT
$11.2B
| $3.39M | 0.01% |
+121,692
| New | +$3.33M |
|
1344
Coeur Mining
CDE
$21.5B
| $3.38M | 0.01% |
+280,891
| New | +$3.84M |
|
1345
Republic Services
RSG
$68.3B
| $3.38M | 0.01% |
101,471
-292,961
| -74% | -$9.96M |
|
|
LITS
1346
Lite Strategy Inc
LITS
$35M
| $3.38M | 0.01% |
15,033
-1,745
| -10% | -$273K |
|
1347
CALL
Groupon
GRPN
$798M
| $3.38M | 0.01% |
15,065
+2,290
| +18% | +$456K |
|
1348
Petrobras
PBR
$120B
| $3.38M | 0.01% |
218,041
+19,673
| +10% | +$280K |
|
|
CLVS
1349
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
| $3.37M | 0.01% |
+55,400
| New | +$3.93M |
|
|
DRWI
1350
DELISTED
DragonWave Inc
DRWI
| $3.37M | 0.01% |
+68,000
| New | +$4.8M |
|
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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.