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 | |
|---|---|---|---|---|---|---|
1401
Vipshop
VIPS
$6.8B
| $3.17M | 0.01% |
557,960
-134,480
| -19% | -$579K |
|
|
JNPR
1402
CALL
DELISTED
Juniper Networks
JNPR
| $3.17M | 0.01% |
+159,500
| New | +$3.29M |
|
1403
Brinker International
EAT
$10.7B
| $3.17M | 0.01% |
78,095
-40,668
| -34% | -$1.66M |
|
|
XCO
1404
DELISTED
Exco Resources
XCO
| $3.16M | 0.01% |
31,570
+23,993
| +317% | +$2.76M |
|
1405
VanEck Gold Miners ETF
GDX
$32.8B
| $3.15M | 0.01% |
125,717
-12,831
| -9% | -$341K |
|
1406
Diageo
DEO
$52.7B
| $3.14M | 0.01% |
24,684
+6,715
| +37% | +$840K |
|
|
BRSL
1407
Brightstar Lottery PLC
BRSL
$2.12B
| $3.14M | 0.01% |
165,717
-306,991
| -65% | -$5.85M |
|
1408
AMN Healthcare
AMN
$1.31B
| $3.13M | 0.01% |
227,555
+154,623
| +212% | +$2.27M |
|
1409
XPO
XPO
$22.5B
| $3.12M | 0.01% |
+416,870
| New | +$3.22M |
|
1410
Jones Lang LaSalle
JLL
$18.1B
| $3.12M | 0.01% |
35,747
-28,693
| -45% | -$2.56M |
|
|
GAS
1411
DELISTED
AGL Resources Inc
GAS
| $3.12M | 0.01% |
+67,754
| New | +$3.05M |
|
|
BIN
1412
DELISTED
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
| $3.12M | 0.01% |
121,198
+62,273
| +106% | +$1.5M |
|
|
CMA
1413
DELISTED
Comerica
CMA
| $3.11M | 0.01% |
79,146
-22,432
| -22% | -$932K |
|
|
UNT
1414
DELISTED
UNIT Corporation
UNT
| $3.11M | 0.01% |
66,851
+54,846
| +457% | +$2.52M |
|
1415
CALL
Gen Digital
GEN
$17.5B
| $3.1M | 0.01% |
125,400
-124,600
| -50% | -$3.13M |
|
|
MZOR
1416
DELISTED
Mazor Robotics Ltd.
MZOR
| $3.1M | 0.01% |
+183,683
| New | +$2.68M |
|
|
IM
1417
DELISTED
Ingram Micro
IM
| $3.1M | 0.01% |
+134,301
| New | +$2.96M |
|
|
CRZO
1418
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $3.09M | 0.01% |
82,804
-877,568
| -91% | -$29.2M |
|
1419
Teleflex
TFX
$5.94B
| $3.09M | 0.01% |
37,513
-41,858
| -53% | -$3.29M |
|
1420
Exelixis
EXEL
$14.1B
| $3.08M | 0.01% |
529,862
-44,289
| -8% | -$229K |
|
|
DS
1421
DELISTED
Drive Shack Inc.
DS
| $3.08M | 0.01% |
606,132
-612,285
| -50% | -$3.1M |
|
1422
Scotiabank
BNS
$113B
| $3.08M | 0.01% |
57,829
+3,428
| +6% | +$179K |
|
1423
CALL
Under Armour
UAA
$2.2B
| $3.08M | 0.01% |
154,800
-144,400
| -48% | -$2.55M |
|
|
TSL
1424
DELISTED
Trina Solar Limited
TSL
| $3.08M | 0.01% |
198,926
+54,478
| +38% | +$483K |
|
|
AOL
1425
CALL
DELISTED
AOL INC COMMON STOCK
AOL
| $3.07M | 0.01% |
135,900
-12,000
| -8% | -$427K |
|
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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.