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 | |
|---|---|---|---|---|---|---|
1726
CALL
GameStop
GME
$8.12B
| $1.84M | 0.01% |
148,000
+48,800
| +49% | +$583K |
|
|
SIMG
1727
DELISTED
SILICON IMAGE INC
SIMG
| $1.84M | 0.01% |
343,844
+43,412
| +14% | +$242K |
|
|
RGC
1728
DELISTED
Regal Entertainment Group
RGC
| $1.83M | 0.01% |
+96,612
| New | +$1.81M |
|
1729
PUT
Groupon
GRPN
$797M
| $1.83M | 0.01% |
8,155
-7,390
| -48% | -$1.47M |
|
|
POT
1730
DELISTED
Potash Corp Of Saskatchewan
POT
| $1.82M | 0.01% |
58,354
-36,272
| -38% | -$1.2M |
|
|
CIR
1731
DELISTED
CIRCOR International, Inc
CIR
| $1.82M | 0.01% |
+29,326
| New | +$1.68M |
|
1732
CALL
Applied Materials
AMAT
$381B
| $1.82M | 0.01% |
+103,900
| New | +$1.66M |
|
1733
SiriusPoint
SPNT
$2.78B
| $1.82M | 0.01% |
+125,575
| New | +$1.69M |
|
1734
CACI
CACI
$13.5B
| $1.82M | 0.01% |
26,310
+19,325
| +277% | +$1.29M |
|
|
LFC
1735
DELISTED
China Life Insurance Company Ltd.
LFC
| $1.82M | 0.01% |
140,193
-166,266
| -54% | -$2.08M |
|
1736
CALL
Pultegroup
PHM
$24.9B
| $1.81M | 0.01% |
+110,000
| New | +$1.88M |
|
1737
Rollins
ROL
$17.5B
| $1.81M | 0.01% |
230,448
+132,026
| +134% | +$1.01M |
|
1738
Rexford Industrial Realty
REXR
$8.39B
| $1.8M | 0.01% |
+133,580
| New | +$1.83M |
|
|
TOWR
1739
DELISTED
Tower International, Inc.
TOWR
| $1.8M | 0.01% |
90,109
+58,662
| +187% | +$1.25M |
|
|
MRH
1740
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $1.8M | 0.01% |
69,108
+24,060
| +53% | +$625K |
|
1741
Everest Group
EG
$14.4B
| $1.8M | 0.01% |
12,371
-65,067
| -84% | -$8.82M |
|
1742
BWX Technologies
BWXT
$13.7B
| $1.8M | 0.01% |
74,534
-573,907
| -89% | -$13M |
|
1743
First Solar
FSLR
$22.2B
| $1.8M | 0.01% |
44,714
-425,577
| -90% | -$18M |
|
1744
BioCryst Pharmaceuticals
BCRX
$2.51B
| $1.79M | 0.01% |
+245,592
| New | +$1.25M |
|
1745
Akamai
AKAM
$15.2B
| $1.79M | 0.01% |
34,550
-357,035
| -91% | -$16.8M |
|
1746
CALL
Vanda Pharmaceuticals
VNDA
$329M
| $1.78M | 0.01% |
162,800
+102,600
| +170% | +$1.1M |
|
1747
CALL
Darling Ingredients
DAR
$9.88B
| $1.78M | 0.01% |
+84,100
| New | +$1.71M |
|
|
NAV
1748
CALL
DELISTED
Navistar International
NAV
| $1.78M | 0.01% |
48,700
-32,600
| -40% | -$1.11M |
|
|
OUTR
1749
DELISTED
OUTERWALL INC
OUTR
| $1.78M | 0.01% |
35,524
+778
| +2% | +$45.8K |
|
1750
Invesco Mortgage Capital
IVR
$801M
| $1.77M | 0.01% |
11,523
-30,453
| -73% | -$4.82M |
|
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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.