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 | |
|---|---|---|---|---|---|---|
|
SRCI
1851
DELISTED
SRC Energy Inc
SRCI
| $1.5M | ﹤0.01% |
154,296
+74,986
| +95% | +$626K |
|
|
GTAT
1852
CALL
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
| $1.5M | ﹤0.01% |
+176,200
| New | +$1.05M |
|
1853
Stoneridge
SRI
$206M
| $1.49M | ﹤0.01% |
137,946
+197
| +0.1% | +$2.44K |
|
|
ANR
1854
PUT
DELISTED
Alpha Natural Resources Inc
ANR
| $1.49M | ﹤0.01% |
250,000
-300,000
| -55% | -$1.76M |
|
1855
Clorox
CLX
$12.6B
| $1.49M | ﹤0.01% |
+18,184
| New | +$1.54M |
|
|
FOE
1856
DELISTED
Ferro Corporation
FOE
| $1.48M | ﹤0.01% |
162,881
+62,881
| +63% | +$469K |
|
1857
Ezcorp Inc
EZPW
$2.11B
| $1.48M | ﹤0.01% |
87,584
+75,301
| +613% | +$1.35M |
|
1858
Modine Manufacturing
MOD
$10B
| $1.48M | ﹤0.01% |
101,007
+75,781
| +300% | +$990K |
|
|
NNA
1859
DELISTED
Navios Maritime Acquisition Corporation
NNA
| $1.48M | ﹤0.01% |
26,696
-1,150
| -4% | -$65.1K |
|
1860
Silicon Laboratories
SLAB
$7.29B
| $1.48M | ﹤0.01% |
34,547
-12,630
| -27% | -$522K |
|
1861
Caleres
CAL
$449M
| $1.47M | ﹤0.01% |
62,795
-119,287
| -66% | -$2.78M |
|
|
STSA
1862
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
| $1.47M | ﹤0.01% |
51,416
-16,161
| -24% | -$428K |
|
1863
PUT
Monster Beverage
MNST
$94.9B
| $1.47M | ﹤0.01% |
337,200
+63,600
| +23% | +$314K |
|
|
CCMP
1864
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $1.47M | ﹤0.01% |
38,102
-50,474
| -57% | -$1.86M |
|
1865
Generac Holdings
GNRC
$12.3B
| $1.47M | ﹤0.01% |
34,348
+14,134
| +70% | +$586K |
|
|
GTS
1866
DELISTED
Triple-S Management Corporation
GTS
| $1.46M | ﹤0.01% |
83,657
+22,661
| +37% | +$436K |
|
|
BIG
1867
DELISTED
Big Lots, Inc.
BIG
| $1.46M | ﹤0.01% |
39,245
-213,954
| -85% | -$7.57M |
|
1868
PUT
AutoNation
AN
$6.53B
| $1.45M | ﹤0.01% |
27,800
+1,400
| +5% | +$67.6K |
|
1869
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33B
| $1.45M | ﹤0.01% |
+12,755
| New | +$1.44M |
|
|
AMWD
1870
DELISTED
American Woodmark
AMWD
| $1.44M | ﹤0.01% |
41,683
-24,149
| -37% | -$864K |
|
1871
Prothena Corp
PRTA
$474M
| $1.44M | ﹤0.01% |
+71,388
| New | +$1.26M |
|
1872
HDFC Bank
HDB
$120B
| $1.44M | ﹤0.01% |
187,516
+158,716
| +551% | +$1.3M |
|
1873
Opko Health
OPK
$1.12B
| $1.44M | ﹤0.01% |
163,750
+19,415
| +13% | +$156K |
|
|
JBTM
1874
JBT Marel
JBTM
$6.16B
| $1.44M | ﹤0.01% |
57,985
-25,204
| -30% | -$588K |
|
|
VIVS
1875
VivoSim Labs
VIVS
$3.85M
| $1.44M | ﹤0.01% |
+1,042
| New | +$1.46M |
|
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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.