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 | |
|---|---|---|---|---|---|---|
|
INSY
1826
DELISTED
Insys Therapeutics, Inc.
INSY
| $1.57M | 0.01% |
+134,829
| New | +$1.11M |
|
1827
Boston Properties
BXP
$11.5B
| $1.57M | 0.01% |
14,700
-82,990
| -85% | -$8.78M |
|
1828
British American Tobacco
BTI
$122B
| $1.57M | 0.01% |
29,780
-73,410
| -71% | -$3.88M |
|
|
AMBI
1829
DELISTED
Ambit Biosciences Corp
AMBI
| $1.56M | 0.01% |
+100,810
| New | +$1.34M |
|
1830
Campbell Soup
CPB
$7B
| $1.56M | 0.01% |
+38,364
| New | +$1.72M |
|
1831
Employers Holdings
EIG
$876M
| $1.56M | 0.01% |
52,515
-18,313
| -26% | -$500K |
|
|
CNQR
1832
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $1.56M | 0.01% |
14,140
-45,752
| -76% | -$4.45M |
|
|
ACET
1833
DELISTED
Aceto Corp
ACET
| $1.54M | 0.01% |
98,699
+21,957
| +29% | +$336K |
|
|
DF
1834
DELISTED
Dean Foods Company
DF
| $1.54M | 0.01% |
79,705
-159,391
| -67% | -$3.22M |
|
1835
TTM Technologies
TTMI
$11.8B
| $1.54M | ﹤0.01% |
157,812
+64,976
| +70% | +$618K |
|
1836
CEMIG Preferred Shares
CIG
$5.78B
| $1.53M | ﹤0.01% |
+455,006
| New | +$1.54M |
|
|
SQNM
1837
DELISTED
SEQUENOM INC NEW
SQNM
| $1.53M | ﹤0.01% |
574,180
+11,887
| +2% | +$39.9K |
|
1838
Maximus
MMS
$3.06B
| $1.53M | ﹤0.01% |
33,997
-142,773
| -81% | -$5.52M |
|
|
PAY
1839
CALL
DELISTED
Verifone Systems Inc
PAY
| $1.53M | ﹤0.01% |
66,900
-53,300
| -44% | -$1.06M |
|
|
NTLS
1840
DELISTED
NTELOS HLDGS CORP COM
NTLS
| $1.53M | ﹤0.01% |
81,298
+11,719
| +17% | +$202K |
|
|
HIMX
1841
PUT
Himax Technologies
HIMX
$2.38B
| $1.52M | ﹤0.01% |
+151,700
| New | +$1.08M |
|
1842
Old National Bancorp
ONB
$9.82B
| $1.52M | ﹤0.01% |
106,826
+1,608
| +2% | +$22.7K |
|
|
NAV
1843
DELISTED
Navistar International
NAV
| $1.52M | ﹤0.01% |
41,594
-6,767
| -14% | -$230K |
|
1844
Emerson Electric
EMR
$86.4B
| $1.52M | ﹤0.01% |
23,433
-177,850
| -88% | -$10.9M |
|
|
IFT
1845
DELISTED
IMPERIAL HLDGS INC COM STK (FL)
IFT
| $1.52M | ﹤0.01% |
239,573
+6,681
| +3% | +$45.8K |
|
|
DOC
1846
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $1.51M | ﹤0.01% |
+125,000
| New | +$1.46M |
|
1847
Energy Transfer Partners
ET
$72.4B
| $1.51M | ﹤0.01% |
+92,000
| New | +$1.46M |
|
|
QCOR
1848
CALL
DELISTED
QUESTCOR PHARMA INC
QCOR
| $1.51M | ﹤0.01% |
+26,000
| New | +$1.55M |
|
1849
Sony
SONY
$141B
| $1.51M | ﹤0.01% |
350,105
-763,490
| -69% | -$3.23M |
|
|
SSNI
1850
DELISTED
Silver Spring Networks, Inc.
SSNI
| $1.51M | ﹤0.01% |
+86,951
| New | +$1.97M |
|
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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.