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 | |
|---|---|---|---|---|---|---|
1451
CALL
Check Point Software Technologies
CHKP
$13.2B
| $2.92M | 0.01% |
51,600
+1,400
| +3% | +$78.7K |
|
|
SPLK
1452
DELISTED
Splunk Inc
SPLK
| $2.92M | 0.01% |
48,588
-1,507
| -3% | -$80.2K |
|
1453
PUT
T. Rowe Price
TROW
$24.1B
| $2.9M | 0.01% |
+40,300
| New | +$2.98M |
|
|
BKS
1454
DELISTED
Barnes & Noble
BKS
| $2.9M | 0.01% |
341,476
+173,413
| +103% | +$1.81M |
|
1455
Standard BioTools
LAB
$255M
| $2.9M | 0.01% |
131,936
+112,036
| +563% | +$2.2M |
|
|
MGAM
1456
DELISTED
MULTIMEDIA GAMES HOLDING COMPANY INC COM STK (TX)
MGAM
| $2.89M | 0.01% |
+83,685
| New | +$2.86M |
|
1457
STAG Industrial
STAG
$7.15B
| $2.88M | 0.01% |
142,951
+56,550
| +65% | +$1.16M |
|
|
ANN
1458
DELISTED
ANN INC
ANN
| $2.87M | 0.01% |
79,230
-21,186
| -21% | -$724K |
|
|
USG
1459
PUT
DELISTED
Usg
USG
| $2.86M | 0.01% |
100,000
| – | – |
|
|
THOR
1460
CALL
DELISTED
THORATEC CORPORATION
THOR
| $2.86M | 0.01% |
76,600
-9,200
| -11% | -$321K |
|
1461
CALL
Deckers Outdoor
DECK
$12.1B
| $2.85M | 0.01% |
+259,800
| New | +$2.52M |
|
|
SAVE
1462
DELISTED
Spirit Airlines, Inc.
SAVE
| $2.85M | 0.01% |
83,137
+27,427
| +49% | +$908K |
|
1463
Greif
GEF
$4.81B
| $2.85M | 0.01% |
+58,057
| New | +$3.12M |
|
1464
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.64B
| $2.84M | 0.01% |
2,500
-6,815
| -73% | -$7.83M |
|
1465
CALL
BioMarin Pharmaceuticals
BMRN
$12.8B
| $2.84M | 0.01% |
+39,400
| New | +$2.62M |
|
1466
iShares 20+ Year Treasury Bond ETF
TLT
$47.1B
| $2.84M | 0.01% |
26,713
+23,251
| +672% | +$2.46M |
|
|
MCRL
1467
DELISTED
MICREL INC
MCRL
| $2.84M | 0.01% |
311,958
+220,119
| +240% | +$2.18M |
|
1468
Verisk Analytics
VRSK
$24.5B
| $2.84M | 0.01% |
43,729
-120,445
| -73% | -$7.6M |
|
|
TROVW
1469
DELISTED
TrovaGene, Inc. Warrant
TROVW
| $2.84M | 0.01% |
540,191
+44,791
| +9% | +$257K |
|
1470
Blackbaud
BLKB
$2.15B
| $2.83M | 0.01% |
+72,584
| New | +$2.59M |
|
|
SAFE
1471
Safehold
SAFE
$1.1B
| $2.83M | 0.01% |
48,331
-29,362
| -38% | -$1.65M |
|
1472
Nuwellis
NUWE
$3.05M
| – | – |
0
| – | – |
|
1473
PUT
Melco Resorts & Entertainment
MLCO
$2.08B
| $2.83M | 0.01% |
+88,800
| New | +$2.37M |
|
1474
Black Hills Corp
BKH
$5.57B
| $2.82M | 0.01% |
56,629
+36,629
| +183% | +$1.85M |
|
1475
Texas Instruments
TXN
$237B
| $2.82M | 0.01% |
70,100
-1,014,581
| -94% | -$39.4M |
|
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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.