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 | |
|---|---|---|---|---|---|---|
|
AYR
1426
DELISTED
Aircastle Ltd
AYR
| $3.06M | 0.01% |
175,936
-441,804
| -72% | -$7.55M |
|
|
SHFL
1427
DELISTED
SHFL ENTMT INC
SHFL
| $3.05M | 0.01% |
132,690
+110,090
| +487% | +$2.43M |
|
1428
PUT
lululemon athletica
LULU
$13.4B
| $3.04M | 0.01% |
+41,600
| New | +$2.9M |
|
|
GGP
1429
PUT
DELISTED
GGP Inc.
GGP
| $3.04M | 0.01% |
+157,700
| New | +$3.18M |
|
|
VIRX
1430
DELISTED
Viracta Therapeutics, Inc. Common Stock
VIRX
| $3.03M | 0.01% |
2,912
-3,822
| -57% | -$4.08M |
|
|
FL
1431
CALL
DELISTED
Foot Locker
FL
| $3.03M | 0.01% |
89,300
+39,000
| +78% | +$1.35M |
|
|
MRC
1432
DELISTED
MRC Global
MRC
| $3.02M | 0.01% |
112,727
+89,027
| +376% | +$2.37M |
|
1433
Albany International
AIN
$1.65B
| $3.02M | 0.01% |
84,161
+45,187
| +116% | +$1.56M |
|
|
CHA
1434
DELISTED
China Telecom Corporation, LTD
CHA
| $3.02M | 0.01% |
61,054
+28,242
| +86% | +$1.43M |
|
1435
Wendy's
WEN
$1.74B
| $3.02M | 0.01% |
355,701
-92,364
| -21% | -$692K |
|
1436
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.5B
| $3M | 0.01% |
62,017
+517
| +0.8% | +$24.9K |
|
1437
PUT
Edwards Lifesciences
EW
$52.4B
| $2.99M | 0.01% |
257,400
+238,200
| +1,241% | +$2.79M |
|
1438
CALL
Myriad Genetics
MYGN
$305M
| $2.98M | 0.01% |
+126,800
| New | +$3.6M |
|
|
GGP
1439
CALL
DELISTED
GGP Inc.
GGP
| $2.98M | 0.01% |
+154,500
| New | +$3.11M |
|
1440
Evertec
EVTC
$1.79B
| $2.98M | 0.01% |
134,109
+30,157
| +29% | +$718K |
|
1441
Enovis
ENOV
$1.48B
| $2.97M | 0.01% |
30,592
+26,525
| +652% | +$2.45M |
|
1442
PUT
Expeditors International
EXPD
$24.6B
| $2.97M | 0.01% |
67,500
+52,200
| +341% | +$2.17M |
|
|
CS
1443
DELISTED
Credit Suisse Group
CS
| $2.96M | 0.01% |
96,955
-5,841
| -6% | -$174K |
|
|
IMOS
1444
ChipMOS TECHNOLOGIES
IMOS
$1.93B
| $2.96M | 0.01% |
149,445
-229,687
| -61% | -$4.34M |
|
1445
PUT
Cheniere Energy
LNG
$57.6B
| $2.95M | 0.01% |
86,400
-34,500
| -29% | -$1.02M |
|
|
CBI
1446
DELISTED
Chicago Bridge & Iron Nv
CBI
| $2.94M | 0.01% |
43,400
-6,554
| -13% | -$404K |
|
|
AEPI
1447
DELISTED
AEP Industries Inc
AEPI
| $2.94M | 0.01% |
+39,577
| New | +$3.05M |
|
1448
VEON
VEON
$4.29B
| $2.93M | 0.01% |
9,977
+9,234
| +1,243% | +$2.46M |
|
|
RC
1449
Ready Capital
RC
$329M
| $2.93M | 0.01% |
168,835
+146,514
| +656% | +$2.48M |
|
1450
CALL
Oil States International
OIS
$506M
| $2.93M | 0.01% |
+49,525
| New | +$2.7M |
|
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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.