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 | |
|---|---|---|---|---|---|---|
|
ROC
1551
CALL
DELISTED
ROCKWOOD HLDGS INC
ROC
| $2.45M | 0.01% |
36,600
+11,600
| +46% | +$765K |
|
|
IHS
1552
DELISTED
IHS INC CL-A COM STK
IHS
| $2.45M | 0.01% |
21,433
-15,370
| -42% | -$1.69M |
|
|
NXH
1553
Neighborhood Intelligence Inc
NXH
$388M
| $2.44M | 0.01% |
109,624
+82,779
| +308% | +$1.87M |
|
1554
H.B. Fuller
FUL
$3.07B
| $2.44M | 0.01% |
53,968
+2,068
| +4% | +$82.5K |
|
|
PDS
1555
Precision Drilling
PDS
$1.12B
| $2.43M | 0.01% |
+12,263
| New | +$2.43M |
|
1556
Entravision Communication
EVC
$752M
| $2.43M | 0.01% |
+411,692
| New | +$2.38M |
|
|
TECD
1557
DELISTED
Tech Data Corp
TECD
| $2.42M | 0.01% |
48,587
+12,897
| +36% | +$650K |
|
|
EMC
1558
DELISTED
EMC CORPORATION
EMC
| $2.42M | 0.01% |
94,884
-1,114,582
| -92% | -$28.9M |
|
|
ADT
1559
CALL
DELISTED
ADT Corp
ADT
| $2.42M | 0.01% |
59,600
-700
| -1% | -$28.8K |
|
1560
Acadia Healthcare
ACHC
$2.78B
| $2.41M | 0.01% |
+61,059
| New | +$2.27M |
|
|
PDM
1561
Piedmont Realty Trust
PDM
$1.24B
| $2.41M | 0.01% |
138,676
-204,175
| -60% | -$3.65M |
|
1562
Ulta Beauty
ULTA
$23.1B
| $2.4M | 0.01% |
+20,117
| New | +$2.09M |
|
|
LMNX
1563
DELISTED
Luminex Corp
LMNX
| $2.4M | 0.01% |
120,035
+110,035
| +1,100% | +$2.34M |
|
1564
CALL
Quest Diagnostics
DGX
$27B
| $2.4M | 0.01% |
+38,800
| New | +$2.32M |
|
|
UMPQ
1565
DELISTED
Umpqua Holdings Corp
UMPQ
| $2.4M | 0.01% |
147,759
+135,959
| +1,152% | +$2.24M |
|
|
EOCC
1566
DELISTED
Enel Generacion Chile S.A.
EOCC
| $2.39M | 0.01% |
82,264
+42,382
| +106% | +$1.22M |
|
|
PGEM
1567
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $2.39M | 0.01% |
+170,903
| New | +$2.95M |
|
|
RDEN
1568
DELISTED
ELIZABETH ARDEN INC
RDEN
| $2.39M | 0.01% |
64,650
+57,044
| +750% | +$2.24M |
|
|
ELOS
1569
DELISTED
Syneron Medical Ltd
ELOS
| $2.38M | 0.01% |
276,047
-2,623
| -0.9% | -$22.6K |
|
|
DTV
1570
DELISTED
DIRECTV COM STK (DE)
DTV
| $2.38M | 0.01% |
39,778
-383,753
| -91% | -$23.6M |
|
|
QLTY
1571
DELISTED
QUALITY DISTR INC FLA
QLTY
| $2.38M | 0.01% |
256,987
+226,289
| +737% | +$2.19M |
|
1572
EPR Properties
EPR
$4.62B
| $2.37M | 0.01% |
48,622
-41,184
| -46% | -$2.08M |
|
1573
PUT
Silicon Laboratories
SLAB
$7.29B
| $2.37M | 0.01% |
+55,500
| New | +$2.3M |
|
|
AGN
1574
PUT
DELISTED
Allergan Inc
AGN
| $2.37M | 0.01% |
+26,200
| New | +$2.35M |
|
1575
Mueller Industries
MLI
$13.6B
| $2.37M | 0.01% |
340,128
+104,520
| +44% | +$720K |
|
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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.