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 | |
|---|---|---|---|---|---|---|
1926
Power Integrations
POWI
$3.07B
| $1.32M | ﹤0.01% |
48,846
-65,352
| -57% | -$1.69M |
|
|
HT
1927
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $1.32M | ﹤0.01% |
59,133
+19,813
| +50% | +$445K |
|
|
CGI
1928
DELISTED
Celadon Group Inc
CGI
| $1.32M | ﹤0.01% |
70,620
+42,155
| +148% | +$797K |
|
|
DMND
1929
DELISTED
DIAMOND FOODS, INC.
DMND
| $1.32M | ﹤0.01% |
+55,949
| New | +$1.21M |
|
1930
iShare MSCI Eurozone ETF
EZU
$9.95B
| $1.32M | ﹤0.01% |
34,886
+12,292
| +54% | +$438K |
|
|
RAS
1931
DELISTED
RAIT Financial Trust
RAS
| $1.31M | ﹤0.01% |
185,485
+46,875
| +34% | +$332K |
|
1932
Haverty Furniture Companies
HVT
$425M
| $1.3M | ﹤0.01% |
53,211
-5,491
| -9% | -$138K |
|
1933
PUT
Ulta Beauty
ULTA
$23.4B
| $1.3M | ﹤0.01% |
+10,900
| New | +$1.13M |
|
1934
TAL Education Group
TAL
$6.48B
| $1.29M | ﹤0.01% |
535,752
+226,224
| +73% | +$461K |
|
1935
Douglas Emmett
DEI
$2B
| $1.29M | ﹤0.01% |
+55,141
| New | +$1.34M |
|
1936
Stagwell
STGW
$2.11B
| $1.29M | ﹤0.01% |
69,225
+22,648
| +49% | +$353K |
|
1937
PUT
Nektar Therapeutics
NKTR
$2.52B
| $1.29M | ﹤0.01% |
+8,233
| New | +$1.52M |
|
1938
Lattice Semiconductor
LSCC
$16.9B
| $1.29M | ﹤0.01% |
289,095
+168,096
| +139% | +$833K |
|
1939
PUT
Myriad Genetics
MYGN
$298M
| $1.28M | ﹤0.01% |
+54,700
| New | +$1.55M |
|
|
VCI
1940
DELISTED
VALASSIS COMMUNICATIONS INC
VCI
| $1.28M | ﹤0.01% |
44,497
-76,440
| -63% | -$2.15M |
|
1941
Papa John's
PZZA
$777M
| $1.28M | ﹤0.01% |
36,754
-17,632
| -32% | -$609K |
|
|
BEAT
1942
DELISTED
BioTelemetry, Inc.
BEAT
| $1.28M | ﹤0.01% |
+129,410
| New | +$1.02M |
|
1943
Radware
RDWR
$1.2B
| $1.28M | ﹤0.01% |
91,629
+47,623
| +108% | +$691K |
|
1944
Scansource
SCSC
$1.14B
| $1.28M | ﹤0.01% |
36,951
-4,520
| -11% | -$153K |
|
1945
Stepan Co
SCL
$1.42B
| $1.28M | ﹤0.01% |
+22,113
| New | +$1.28M |
|
|
RLD
1946
DELISTED
REALD INC COM STK
RLD
| $1.28M | ﹤0.01% |
+182,361
| New | +$1.77M |
|
|
RTK
1947
DELISTED
Rentech, Inc.
RTK
| $1.28M | ﹤0.01% |
64,479
-20,654
| -24% | -$434K |
|
1948
CALL
O'Reilly Automotive
ORLY
$72.4B
| $1.28M | ﹤0.01% |
150,000
-364,500
| -71% | -$2.98M |
|
1949
Pegasystems
PEGA
$5.56B
| $1.27M | ﹤0.01% |
128,108
-69,528
| -35% | -$636K |
|
1950
Barrett Business Services
BBSI
$823M
| $1.27M | ﹤0.01% |
75,716
-15,380
| -17% | -$251K |
|
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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.