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 | |
|---|---|---|---|---|---|---|
1476
CALL
Best Buy
BBY
$18B
| $2.82M | 0.01% |
+75,100
| New | +$2.49M |
|
|
SNDK
1477
PUT
DELISTED
SANDISK CORP
SNDK
| $2.81M | 0.01% |
+47,300
| New | +$2.78M |
|
|
EGOV
1478
DELISTED
NIC Inc
EGOV
| $2.8M | 0.01% |
121,013
+86,402
| +250% | +$1.8M |
|
1479
Guidewire Software
GWRE
$15.7B
| $2.79M | 0.01% |
59,301
+23,409
| +65% | +$1.05M |
|
|
BMS
1480
DELISTED
Bemis
BMS
| $2.79M | 0.01% |
+71,493
| New | +$2.9M |
|
1481
Yelp
YELP
$1.29B
| $2.78M | 0.01% |
+42,028
| New | +$2.15M |
|
|
ITG
1482
DELISTED
Investment Technology Group Inc
ITG
| $2.78M | 0.01% |
176,825
-192,561
| -52% | -$3.05M |
|
|
X
1483
PUT
DELISTED
US Steel
X
| $2.78M | 0.01% |
134,900
-40,100
| -23% | -$755K |
|
|
MW
1484
DELISTED
THE MENS WAREHOUSE INC
MW
| $2.77M | 0.01% |
+81,401
| New | +$3.09M |
|
|
FLY
1485
DELISTED
Fly Leasing Limited
FLY
| $2.77M | 0.01% |
199,315
+169,833
| +576% | +$2.39M |
|
|
AVTA
1486
DELISTED
Avantax, Inc. Common Stock
AVTA
| $2.76M | 0.01% |
119,986
+36,875
| +44% | +$768K |
|
|
SGI
1487
PUT
Somnigroup International
SGI
$13.5B
| $2.76M | 0.01% |
+250,800
| New | +$2.6M |
|
1488
CALL
Deere & Co
DE
$170B
| $2.75M | 0.01% |
+33,800
| New | +$2.81M |
|
|
PWRD
1489
DELISTED
PERFECT WORLD CO LTD SPONSORED ADR REPSTG CL B (CAYMAN ISL)
PWRD
| $2.73M | 0.01% |
137,171
+53,387
| +64% | +$1.08M |
|
|
MIXT
1490
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $2.73M | 0.01% |
+184,394
| New | +$2.84M |
|
|
KRA
1491
DELISTED
Kraton Corporation
KRA
| $2.73M | 0.01% |
+139,101
| New | +$2.78M |
|
1492
Sanmina
SANM
$10.2B
| $2.72M | 0.01% |
+155,266
| New | +$2.54M |
|
1493
Fidelity National Financial
FNF
$12.7B
| $2.71M | 0.01% |
+178,784
| New | +$2.52M |
|
|
ATHN
1494
CALL
DELISTED
Athenahealth, Inc.
ATHN
| $2.71M | 0.01% |
+25,000
| New | +$2.7M |
|
|
JKS
1495
JinkoSolar
JKS
$812M
| $2.71M | 0.01% |
120,201
+28,230
| +31% | +$419K |
|
|
HZNP
1496
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $2.71M | 0.01% |
808,980
+270,285
| +50% | +$713K |
|
1497
LCI Industries
LCII
$2.55B
| $2.71M | 0.01% |
59,412
+46,627
| +365% | +$1.97M |
|
1498
Thomson Reuters
TRI
$45.2B
| $2.7M | 0.01% |
66,488
-135,633
| -67% | -$5.39M |
|
1499
Canadian Solar
CSIQ
$970M
| $2.69M | 0.01% |
158,224
+96,319
| +156% | +$1.29M |
|
|
JASO
1500
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $2.69M | 0.01% |
+264,217
| New | +$2.24M |
|
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.