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 | |
|---|---|---|---|---|---|---|
|
ZQK
1751
DELISTED
QUICKSILVER,INC.
ZQK
| $1.77M | 0.01% |
+252,078
| New | +$1.58M |
|
|
SODA
1752
DELISTED
SodaStream International Ltd
SODA
| $1.77M | 0.01% |
+28,387
| New | +$1.8M |
|
|
AVNR
1753
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
| $1.77M | 0.01% |
418,520
+113,589
| +37% | +$538K |
|
|
DDC
1754
DELISTED
Dominion Diamond Corporation
DDC
| $1.77M | 0.01% |
145,198
+41,734
| +40% | +$563K |
|
|
CODE
1755
DELISTED
SPANSION INC, CLASS A COMMON STOCK
CODE
| $1.77M | 0.01% |
175,067
+60,324
| +53% | +$683K |
|
|
DD
1756
CALL
DELISTED
Du Pont De Nemours E I
DD
| $1.76M | 0.01% |
+31,695
| New | +$1.73M |
|
1757
Teck Resources
TECK
$35.1B
| $1.76M | 0.01% |
65,666
-154,084
| -70% | -$3.87M |
|
|
AL
1758
DELISTED
Air Lease Corp
AL
| $1.76M | 0.01% |
63,591
-32,764
| -34% | -$897K |
|
1759
PUT
Blackrock
BLK
$182B
| $1.76M | 0.01% |
+6,500
| New | +$1.77M |
|
|
PRKR
1760
DELISTED
Parkervision Inc
PRKR
| $1.75M | 0.01% |
52,329
-30,671
| -37% | -$1.23M |
|
|
BLUE
1761
DELISTED
bluebird bio
BLUE
| $1.75M | 0.01% |
+5,018
| New | +$1.86M |
|
|
PPO
1762
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $1.75M | 0.01% |
+42,754
| New | +$1.82M |
|
1763
CALL
Cleveland-Cliffs
CLF
$6.57B
| $1.75M | 0.01% |
85,400
-149,100
| -64% | -$3.07M |
|
1764
Kemper
KMPR
$1.64B
| $1.75M | 0.01% |
52,081
+43,881
| +535% | +$1.53M |
|
|
DLLR
1765
DELISTED
DFC GLOBAL CORP COM STK (DE)
DLLR
| $1.75M | 0.01% |
158,930
+104,527
| +192% | +$1.43M |
|
1766
Harte-Hanks
HHS
$30.6M
| $1.75M | 0.01% |
19,765
+8,950
| +83% | +$819K |
|
|
RUE
1767
PUT
DELISTED
RUE21 INC COM STK (DE)
RUE
| $1.74M | 0.01% |
+43,200
| New | +$1.79M |
|
1768
Hanmi Financial
HAFC
$918M
| $1.74M | 0.01% |
105,037
+73,025
| +228% | +$1.25M |
|
1769
CALL
Ovintiv
OVV
$17.8B
| $1.73M | 0.01% |
20,000
-40
| -0.2% | -$3.48K |
|
1770
Telecom Argentina
TEO
$5.82B
| $1.73M | 0.01% |
+96,499
| New | +$1.7M |
|
|
SNDK
1771
CALL
DELISTED
SANDISK CORP
SNDK
| $1.73M | 0.01% |
+29,100
| New | +$1.71M |
|
|
AVDL
1772
DELISTED
Avadel Pharmaceuticals
AVDL
| $1.73M | 0.01% |
263,715
+203,225
| +336% | +$1.25M |
|
1773
MYR Group
MYRG
$4.61B
| $1.73M | 0.01% |
71,200
-159,402
| -69% | -$3.52M |
|
|
HW
1774
DELISTED
Headwaters Inc
HW
| $1.73M | 0.01% |
192,159
-29,423
| -13% | -$267K |
|
|
BKCC
1775
DELISTED
BlackRock Capital Investment Corporation
BKCC
| $1.72M | 0.01% |
181,597
+145,597
| +404% | +$1.44M |
|
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.