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 | |
|---|---|---|---|---|---|---|
1601
Nasdaq
NDAQ
$55.2B
| $2.26M | 0.01% |
211,500
-805,278
| -79% | -$8.61M |
|
|
OCSI
1602
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $2.26M | 0.01% |
+166,857
| New | +$2.33M |
|
1603
NOV
NOV
$7.11B
| $2.26M | 0.01% |
+32,051
| New | +$2.14M |
|
|
TNGO
1604
DELISTED
Tangoe, Inc.
TNGO
| $2.25M | 0.01% |
+94,600
| New | +$1.84M |
|
1605
Sumitomo Mitsui Financial
SMFG
$160B
| $2.25M | 0.01% |
231,553
+139,421
| +151% | +$1.32M |
|
|
MINI
1606
DELISTED
Mobile Mini Inc
MINI
| $2.25M | 0.01% |
66,113
-23,679
| -26% | -$778K |
|
|
INFN
1607
DELISTED
Infinera Corporation Common Stock
INFN
| $2.25M | 0.01% |
198,856
+163,692
| +466% | +$1.79M |
|
1608
RH
RH
$2.67B
| $2.25M | 0.01% |
35,519
-38,069
| -52% | -$2.63M |
|
|
KG
1609
Kestrel Group
KG
$58.8M
| $2.24M | 0.01% |
9,490
+4,180
| +79% | +$1.04M |
|
1610
CALL
Expedia Group
EXPE
$40.6B
| $2.24M | 0.01% |
+43,200
| New | +$2.31M |
|
|
ANR
1611
CALL
DELISTED
Alpha Natural Resources Inc
ANR
| $2.24M | 0.01% |
375,400
+315,400
| +526% | +$1.85M |
|
1612
CALL
RTX Corp
RTX
$283B
| $2.23M | 0.01% |
+32,892
| New | +$2.15M |
|
1613
SAP
SAP
$250B
| $2.23M | 0.01% |
30,173
+23,973
| +387% | +$1.77M |
|
|
ELX
1614
DELISTED
EMULEX CORP
ELX
| $2.23M | 0.01% |
286,970
+255,533
| +813% | +$1.99M |
|
1615
lululemon athletica
LULU
$13.4B
| $2.22M | 0.01% |
30,400
-30,228
| -50% | -$2.11M |
|
|
TGNA
1616
DELISTED
TEGNA Inc
TGNA
| $2.22M | 0.01% |
158,234
-1,260,003
| -89% | -$16.9M |
|
|
FL
1617
PUT
DELISTED
Foot Locker
FL
| $2.22M | 0.01% |
+65,300
| New | +$2.27M |
|
1618
Methode Electronics
MEI
$570M
| $2.21M | 0.01% |
78,993
-33,757
| -30% | -$713K |
|
|
MAGN
1619
Magnera Corp
MAGN
$454M
| $2.21M | 0.01% |
6,284
+4,736
| +306% | +$1.64M |
|
1620
BCE
BCE
$22B
| $2.21M | 0.01% |
51,720
-50,534
| -49% | -$2.1M |
|
1621
PUT
Alaska Air
ALK
$4.84B
| $2.2M | 0.01% |
70,400
+800
| +1% | +$23.9K |
|
|
ZNGA
1622
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $2.2M | 0.01% |
+600,000
| New | +$1.89M |
|
1623
Cheesecake Factory
CAKE
$5.65B
| $2.2M | 0.01% |
50,000
+16,746
| +50% | +$721K |
|
1624
Gildan
GIL
$10.1B
| $2.2M | 0.01% |
94,642
-141,942
| -60% | -$3.18M |
|
|
SONC
1625
DELISTED
Sonic Corp
SONC
| $2.2M | 0.01% |
123,847
+71,782
| +138% | +$1.17M |
|
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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.