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 | Miscellaneous | 33.61% |
| 2 | Energy | 11.48% |
| 3 | Healthcare | 8.5% |
| 4 | Consumer Discretionary | 7.28% |
| 5 | Utilities | 6.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RUTH
1976
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.22M | ﹤0.01% |
103,027
-29,043
| -22% | -$356K |
|
1977
Dycom Industries
DY
$9.15B
| $1.22M | ﹤0.01% |
43,523
+9,814
| +29% | +$257K |
|
|
PBCT
1978
DELISTED
People's United Financial Inc
PBCT
| $1.22M | ﹤0.01% |
+84,587
| New | +$1.25M |
|
1979
Lesaka Technologies
LSAK
$395M
| $1.21M | ﹤0.01% |
100,841
+82,431
| +448% | +$744K |
|
|
INXN
1980
DELISTED
Interxion Holding N.V.
INXN
| $1.21M | ﹤0.01% |
+54,317
| New | +$1.34M |
|
1981
CALL
lululemon athletica
LULU
$13.2B
| $1.21M | ﹤0.01% |
16,500
+12,700
| +334% | +$886K |
|
|
USG
1982
DELISTED
Usg
USG
| $1.21M | ﹤0.01% |
42,234
-526,638
| -93% | -$13.4M |
|
|
BECN
1983
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $1.2M | ﹤0.01% |
32,599
-25,913
| -44% | -$989K |
|
|
CTRX
1984
CALL
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $1.2M | ﹤0.01% |
+26,100
| New | +$1.38M |
|
1985
Honda
HMC
$40.9B
| $1.2M | ﹤0.01% |
31,391
-32,728
| -51% | -$1.25M |
|
|
AVB
1986
DELISTED
AvalonBay Communities
AVB
| $1.19M | ﹤0.01% |
9,392
-33,366
| -78% | -$4.4M |
|
1987
Matthews International
MATW
$666M
| $1.19M | ﹤0.01% |
31,225
+22,293
| +250% | +$861K |
|
1988
CALL
Ventas
VTR
$47.6B
| $1.19M | ﹤0.01% |
16,901
-18,565
| -52% | -$1.38M |
|
1989
EXL Service
EXLS
$5.76B
| $1.18M | ﹤0.01% |
+207,840
| New | +$1.19M |
|
1990
Vanguard Real Estate ETF
VNQ
$38.9B
| $1.18M | ﹤0.01% |
17,844
+1,744
| +11% | +$119K |
|
|
RGLS
1991
DELISTED
Regulus Therapeutics
RGLS
| $1.18M | ﹤0.01% |
+1,042
| New | +$1.23M |
|
|
OVRL
1992
DELISTED
OVERLAND STORAGE INC
OVRL
| $1.18M | ﹤0.01% |
238,078
+1,078
| +0.5% | +$6K |
|
1993
Comscore
SCOR
$81.4M
| $1.18M | ﹤0.01% |
2,029
+930
| +85% | +$518K |
|
1994
PUT
Chord Energy
CHRD
$7.76B
| $1.17M | ﹤0.01% |
+23,900
| New | +$1M |
|
1995
PUT
Best Buy
BBY
$17.6B
| $1.17M | ﹤0.01% |
31,200
+21,800
| +232% | +$724K |
|
1996
iShares MSCI Hong Kong ETF
EWH
$1.26B
| $1.17M | ﹤0.01% |
+58,405
| New | +$1.13M |
|
1997
VirnetX Holding Corp
VHC
$55.1M
| $1.17M | ﹤0.01% |
2,864
+1,549
| +118% | +$611K |
|
|
IMGN
1998
DELISTED
Immunogen Inc
IMGN
| $1.17M | ﹤0.01% |
+68,635
| New | +$1.21M |
|
1999
Pearson
PSO
$10B
| $1.17M | ﹤0.01% |
57,311
+35,111
| +158% | +$700K |
|
|
EQY
2000
DELISTED
Equity One
EQY
| $1.17M | ﹤0.01% |
+53,303
| New | +$1.2M |
|
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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's Q3 2013 filing shows 955 new, 1,173 increased, 1,073 reduced and 642 closed positions. Its largest new stake was Johnson & Johnson: 836,108 shares worth $72.5M. The largest sale was Duke Energy, an estimated $125M.
By sector, the portfolio is most concentrated in Miscellaneous at 34% of assets, down from 42% a quarter earlier, followed by Energy and Healthcare.
- 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.