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 | |
|---|---|---|---|---|---|---|
|
ENIA
1501
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $2.67M | 0.01% |
308,478
+281,595
| +1,047% | +$2.4M |
|
|
ODP
1502
DELISTED
ODP
ODP
| $2.66M | 0.01% |
55,000
-80,267
| -59% | -$3.46M |
|
1503
Travel + Leisure Co
TNL
$4.51B
| $2.65M | 0.01% |
96,271
-129,750
| -57% | -$3.55M |
|
|
WY.PRA
1504
DELISTED
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
| $2.65M | 0.01% |
+50,000
| New | +$2.63M |
|
1505
America Movil
AMX
$71.2B
| $2.65M | 0.01% |
133,673
+9,899
| +8% | +$204K |
|
|
BTU
1506
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $2.65M | 0.01% |
10,233
-20,610
| -67% | -$5.27M |
|
|
CMCSK
1507
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $2.64M | 0.01% |
60,849
-308,168
| -84% | -$13.4M |
|
1508
ServiceNow
NOW
$131B
| $2.63M | 0.01% |
253,235
-1,581,450
| -86% | -$14.5M |
|
|
JCP
1509
DELISTED
J.C. Penney Company, Inc.
JCP
| $2.63M | 0.01% |
298,136
-8,332
| -3% | -$119K |
|
1510
Televisa
TV
$1.45B
| $2.63M | 0.01% |
+94,045
| New | +$2.52M |
|
|
GHL
1511
DELISTED
Greenhill & Co., Inc.
GHL
| $2.63M | 0.01% |
+52,664
| New | +$2.6M |
|
1512
Emergent Biosolutions
EBS
$289M
| $2.62M | 0.01% |
137,692
-231,533
| -63% | -$4.13M |
|
1513
PUT
Bank of America
BAC
$437B
| $2.62M | 0.01% |
+189,800
| New | +$2.71M |
|
1514
RPM International
RPM
$13.6B
| $2.61M | 0.01% |
72,006
+29
| +0% | +$1.01K |
|
|
THR
1515
DELISTED
Thermon Group Holdings
THR
| $2.6M | 0.01% |
112,561
-15,352
| -12% | -$325K |
|
1516
Philips
PHG
$26.8B
| $2.6M | 0.01% |
+116,269
| New | +$2.54M |
|
1517
RLJ Lodging Trust
RLJ
$1.76B
| $2.59M | 0.01% |
110,214
+1,858
| +2% | +$43.9K |
|
|
OPTR
1518
DELISTED
OPTIMER PHARMACEUTICALS, INC. COM STK
OPTR
| $2.59M | 0.01% |
205,549
-47,974
| -19% | -$636K |
|
|
POLY
1519
DELISTED
Plantronics, Inc.
POLY
| $2.59M | 0.01% |
56,173
+213
| +0.4% | +$9.75K |
|
|
KNGT
1520
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $2.59M | 0.01% |
156,619
+2,727
| +2% | +$45K |
|
|
ECOM
1521
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $2.58M | 0.01% |
+70,534
| New | +$1.86M |
|
|
AMRN
1522
Amarin Corp
AMRN
$299M
| $2.57M | 0.01% |
20,310
+825
| +4% | +$98.8K |
|
1523
CALL
Integer Holdings
ITGR
$4.26B
| $2.57M | 0.01% |
82,714
+16,675
| +25% | +$540K |
|
|
EMC
1524
CALL
DELISTED
EMC CORPORATION
EMC
| $2.56M | 0.01% |
+100,300
| New | +$2.6M |
|
1525
AngloGold Ashanti
AU
$62.4B
| $2.55M | 0.01% |
192,286
+133,950
| +230% | +$1.79M |
|
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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.