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 | |
|---|---|---|---|---|---|---|
|
ARO
1776
CALL
DELISTED
Aeropostale Inc
ARO
| $1.72M | 0.01% |
183,100
+8,400
| +5% | +$99.8K |
|
1777
CGI
GIB
$15.4B
| $1.72M | 0.01% |
49,000
-6,798
| -12% | -$222K |
|
|
CY
1778
DELISTED
Cypress Semiconductor
CY
| $1.72M | 0.01% |
183,970
+161,942
| +735% | +$1.89M |
|
1779
Western Alliance Bancorporation
WAL
$8.69B
| $1.71M | 0.01% |
90,285
-80,969
| -47% | -$1.41M |
|
|
ABV
1780
CALL
DELISTED
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
| $1.71M | 0.01% |
+44,500
| New | +$1.63M |
|
1781
Transocean
RIG
$6.42B
| $1.71M | 0.01% |
38,347
-944,578
| -96% | -$44.7M |
|
|
TIF
1782
PUT
DELISTED
Tiffany & Co.
TIF
| $1.7M | 0.01% |
22,200
-88,900
| -80% | -$7M |
|
|
WIBC
1783
DELISTED
WILSHIRE BANCORP INC
WIBC
| $1.7M | 0.01% |
208,102
+106,822
| +105% | +$890K |
|
1784
iShares Silver Trust
SLV
$33.5B
| $1.7M | 0.01% |
81,094
+11,394
| +16% | +$235K |
|
1785
Bank OZK
OZK
$5.36B
| $1.69M | 0.01% |
70,600
+13,900
| +25% | +$327K |
|
|
SNCR
1786
DELISTED
Synchronoss Technologies
SNCR
| $1.69M | 0.01% |
4,919
+1,169
| +31% | +$356K |
|
|
IBKC
1787
DELISTED
IBERIABANK Corp
IBKC
| $1.68M | 0.01% |
32,407
+24,748
| +323% | +$1.38M |
|
1788
PUT
Marathon Petroleum
MPC
$99.7B
| $1.67M | 0.01% |
+51,800
| New | +$1.82M |
|
1789
Vulcan Materials
VMC
$35.5B
| $1.66M | 0.01% |
32,111
-26,821
| -46% | -$1.33M |
|
|
BEAV
1790
DELISTED
B/E Aerospace Inc
BEAV
| $1.66M | 0.01% |
31,121
-753,679
| -96% | -$38.3M |
|
1791
Mitsubishi UFJ Financial
MUFG
$251B
| $1.66M | 0.01% |
259,412
+123,983
| +92% | +$789K |
|
|
HPP
1792
Hudson Pacific Properties
HPP
$809M
| $1.66M | 0.01% |
12,191
+6,754
| +124% | +$983K |
|
|
HSTO
1793
DELISTED
Histogen Inc. Common Stock
HSTO
| $1.66M | 0.01% |
+825
| New | +$1.53M |
|
|
AET
1794
CALL
DELISTED
Aetna Inc
AET
| $1.66M | 0.01% |
25,900
+900
| +4% | +$57.7K |
|
|
ALEX
1795
DELISTED
Alexander & Baldwin
ALEX
| $1.66M | 0.01% |
+45,945
| New | +$1.84M |
|
1796
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $1.65M | 0.01% |
+31,366
| New | +$1.65M |
|
|
KWK
1797
DELISTED
QUICKSILVER RESOURCES INC
KWK
| $1.65M | 0.01% |
+834,863
| New | +$1.42M |
|
1798
Comstock Resources
CRK
$4.16B
| $1.63M | 0.01% |
20,539
+550
| +3% | +$44K |
|
1799
Churchill Downs
CHDN
$6.18B
| $1.63M | 0.01% |
113,028
+54,978
| +95% | +$763K |
|
|
EGL
1800
DELISTED
Engility Holdings, Inc.
EGL
| $1.63M | 0.01% |
+51,382
| New | +$1.67M |
|
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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.