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 | |
|---|---|---|---|---|---|---|
1376
Cintas
CTAS
$83B
| $3.25M | 0.01% |
253,992
-470,956
| -65% | -$5.71M |
|
1377
Factset
FDS
$10.9B
| $3.25M | 0.01% |
29,786
+23,358
| +363% | +$2.52M |
|
|
GMCR
1378
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $3.25M | 0.01% |
+43,100
| New | +$3.4M |
|
1379
Forum Energy Technologies
FET
$855M
| $3.25M | 0.01% |
6,006
+4,527
| +306% | +$2.53M |
|
1380
Banco Santander
SAN
$214B
| $3.25M | 0.01% |
437,352
+112,012
| +34% | +$744K |
|
1381
Cinemark Holdings
CNK
$4.45B
| $3.24M | 0.01% |
102,134
-32,568
| -24% | -$980K |
|
|
ACOR
1382
DELISTED
Acorda Therapeutics
ACOR
| $3.24M | 0.01% |
790
-277
| -26% | -$1.19M |
|
1383
CALL
Exelon
EXC
$45.7B
| $3.23M | 0.01% |
152,958
-281,662
| -65% | -$6.16M |
|
|
SHLD
1384
PUT
DELISTED
Sears Holding Corporation
SHLD
| $3.22M | 0.01% |
+71,811
| New | +$2.55M |
|
|
IDIX
1385
DELISTED
IDENIX PHARMACEUTICALS INC
IDIX
| $3.22M | 0.01% |
621,043
+109,212
| +21% | +$479K |
|
|
KRFT
1386
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $3.21M | 0.01% |
+61,161
| New | +$3.35M |
|
|
MFRM
1387
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $3.21M | 0.01% |
+100,868
| New | +$4.01M |
|
|
TW
1388
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $3.21M | 0.01% |
30,000
+26,100
| +669% | +$2.3M |
|
1389
New Jersey Resources
NJR
$5.45B
| $3.21M | 0.01% |
145,588
-86,156
| -37% | -$1.89M |
|
1390
PUT
RH
RH
$2.71B
| $3.21M | 0.01% |
+50,600
| New | +$3.49M |
|
1391
Genpact
G
$6.32B
| $3.2M | 0.01% |
169,724
+150,694
| +792% | +$3M |
|
|
MRC
1392
CALL
DELISTED
MRC Global
MRC
| $3.19M | 0.01% |
+119,200
| New | +$3.17M |
|
|
RVBD
1393
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $3.19M | 0.01% |
218,829
+204,488
| +1,426% | +$3.27M |
|
1394
CALL
Ciena
CIEN
$52.7B
| $3.19M | 0.01% |
+127,500
| New | +$2.87M |
|
|
MKTO
1395
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $3.19M | 0.01% |
+100,017
| New | +$3.17M |
|
1396
Sprouts Farmers Market
SFM
$8.03B
| $3.19M | 0.01% |
+71,748
| New | +$2.85M |
|
1397
Fortinet
FTNT
$112B
| $3.18M | 0.01% |
785,765
-899,830
| -53% | -$3.64M |
|
|
AUY
1398
CALL
DELISTED
Yamana Gold, Inc.
AUY
| $3.18M | 0.01% |
+305,900
| New | +$3.22M |
|
1399
Wolverine World Wide
WWW
$1.71B
| $3.17M | 0.01% |
+109,018
| New | +$3.11M |
|
|
DCT
1400
DELISTED
DCT Industrial Trust Inc.
DCT
| $3.17M | 0.01% |
110,352
+91,136
| +474% | +$2.65M |
|
Similar funds
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.