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 | |
|---|---|---|---|---|---|---|
|
CLVS
1351
DELISTED
Clovis Oncology, Inc.
CLVS
| $3.35M | 0.01% |
55,070
-330,309
| -86% | -$23.4M |
|
|
SNBR
1352
DELISTED
Sleep Number
SNBR
| $3.35M | 0.01% |
+137,455
| New | +$3.3M |
|
1353
Ziff Davis
ZD
$1.91B
| $3.35M | 0.01% |
+77,708
| New | +$3.25M |
|
1354
CALL
Fortress Biotech
FBIO
$97.7M
| $3.34M | 0.01% |
31,800
+26,180
| +466% | +$3.21M |
|
|
MWW
1355
DELISTED
Monster Worldwide Inc
MWW
| $3.34M | 0.01% |
755,303
+455,596
| +152% | +$2.23M |
|
|
DBD
1356
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.32M | 0.01% |
113,174
+92,365
| +444% | +$2.9M |
|
|
FDO
1357
PUT
DELISTED
FAMILY DOLLAR STORES
FDO
| $3.32M | 0.01% |
46,100
-13,400
| -23% | -$941K |
|
1358
PUT
AstraZeneca
AZN
$259B
| $3.32M | 0.01% |
+63,900
| New | +$3.21M |
|
|
TQNT
1359
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $3.32M | 0.01% |
408,584
+337,906
| +478% | +$2.58M |
|
1360
PUT
Waste Management
WM
$90.5B
| $3.31M | 0.01% |
80,300
+300
| +0.4% | +$12.5K |
|
|
LPT
1361
DELISTED
Liberty Property Trust
LPT
| $3.31M | 0.01% |
92,962
-262,069
| -74% | -$9.61M |
|
1362
CALL
Fastenal
FAST
$58.8B
| $3.3M | 0.01% |
262,800
-10,800
| -4% | -$128K |
|
|
ARRY
1363
DELISTED
Array Biopharma Inc
ARRY
| $3.3M | 0.01% |
530,675
+309,829
| +140% | +$1.84M |
|
|
AIV
1364
Aimco
AIV
$378M
| $3.3M | 0.01% |
886,366
-112,167
| -11% | -$435K |
|
1365
Cracker Barrel
CBRL
$1.3B
| $3.29M | 0.01% |
31,928
-1,928
| -6% | -$193K |
|
|
PSB
1366
DELISTED
PS Business Parks, Inc.
PSB
| $3.28M | 0.01% |
43,968
-4,475
| -9% | -$330K |
|
1367
Annaly Capital Management
NLY
$17.5B
| $3.28M | 0.01% |
+70,775
| New | +$3.33M |
|
1368
Future Fuel
FF
$241M
| $3.28M | 0.01% |
182,422
-63,478
| -26% | -$1.04M |
|
|
PFPT
1369
DELISTED
Proofpoint, Inc.
PFPT
| $3.27M | 0.01% |
101,888
+91,186
| +852% | +$2.57M |
|
|
IMPV
1370
DELISTED
Imperva, Inc.
IMPV
| $3.27M | 0.01% |
+77,896
| New | +$3.71M |
|
|
MTOR
1371
DELISTED
MERITOR, Inc.
MTOR
| $3.26M | 0.01% |
414,488
+16,962
| +4% | +$131K |
|
1372
Ligand Pharmaceuticals
LGND
$5.59B
| $3.26M | 0.01% |
120,598
+108,904
| +931% | +$3.06M |
|
1373
Olin
OLN
$2B
| $3.25M | 0.01% |
141,093
-55,972
| -28% | -$1.32M |
|
1374
Consolidated Edison
ED
$39.8B
| $3.25M | 0.01% |
+58,970
| New | +$3.4M |
|
1375
Globe Life
GL
$13.3B
| $3.25M | 0.01% |
67,422
+27,490
| +69% | +$1.29M |
|
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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.