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 | |
|---|---|---|---|---|---|---|
2051
SS&C Technologies
SSNC
$19.6B
| $1.09M | ﹤0.01% |
57,172
+16,322
| +40% | +$296K |
|
2052
Turkcell
TKC
$4.67B
| $1.09M | ﹤0.01% |
73,760
-8,363
| -10% | -$121K |
|
2053
Banner Corp
BANR
$2.38B
| $1.09M | ﹤0.01% |
28,497
-22,316
| -44% | -$807K |
|
2054
Zurn Elkay Water Solutions
ZWS
$8.05B
| $1.09M | ﹤0.01% |
108,421
-96,592
| -47% | -$890K |
|
2055
Beazer Homes USA
BZH
$885M
| $1.08M | ﹤0.01% |
60,300
+49,150
| +441% | +$864K |
|
|
SONN
2056
DELISTED
Sonnet BioTherapeutics
SONN
| – | – |
0
| – | – |
|
|
HITT
2057
DELISTED
HITTITE MICROWAVE CORP
HITT
| $1.08M | ﹤0.01% |
16,577
-10,284
| -38% | -$638K |
|
|
SNV
2058
DELISTED
Synovus
SNV
| $1.08M | ﹤0.01% |
46,765
+36,132
| +340% | +$823K |
|
2059
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.4B
| $1.07M | ﹤0.01% |
+35,000
| New | +$1.05M |
|
|
CMLS
2060
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $1.07M | ﹤0.01% |
25,300
+22,130
| +698% | +$808K |
|
|
KATE
2061
CALL
DELISTED
Kate Spade & Company
KATE
| $1.07M | ﹤0.01% |
+42,600
| New | +$1.04M |
|
2062
Capitol Federal Financial
CFFN
$1.06B
| $1.07M | ﹤0.01% |
86,114
+43,040
| +100% | +$539K |
|
|
DNR
2063
PUT
DELISTED
Denbury Resources, Inc.
DNR
| $1.07M | ﹤0.01% |
+58,000
| New | +$1.02M |
|
|
AIRM
2064
DELISTED
Air Methods Corp
AIRM
| $1.07M | ﹤0.01% |
25,100
-227,934
| -90% | -$8.76M |
|
|
CALY
2065
Callaway Golf Company
CALY
$2.79B
| $1.07M | ﹤0.01% |
149,860
+131,546
| +718% | +$928K |
|
|
MRCC
2066
DELISTED
Monroe Capital Corp
MRCC
| $1.06M | ﹤0.01% |
+81,876
| New | +$1.13M |
|
2067
Meritage Homes
MTH
$4.64B
| $1.06M | ﹤0.01% |
49,374
-70,648
| -59% | -$1.52M |
|
|
KZ
2068
DELISTED
KongZhong Corporation
KZ
| $1.06M | ﹤0.01% |
+80,953
| New | +$802K |
|
|
AAT
2069
American Assets Trust
AAT
$1.39B
| $1.06M | ﹤0.01% |
34,710
-59,316
| -63% | -$1.87M |
|
|
CIM
2070
Chimera Investment
CIM
$968M
| $1.06M | ﹤0.01% |
23,217
-5,669
| -20% | -$252K |
|
|
HPY
2071
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $1.06M | ﹤0.01% |
26,671
-29,864
| -53% | -$1.15M |
|
|
LOCK
2072
DELISTED
LifeLock, Inc.
LOCK
| $1.06M | ﹤0.01% |
71,300
+28,800
| +68% | +$360K |
|
2073
PUT
HCA Healthcare
HCA
$91.9B
| $1.06M | ﹤0.01% |
24,700
-53,600
| -68% | -$2.09M |
|
|
TGNA
2074
CALL
DELISTED
TEGNA Inc
TGNA
| $1.05M | ﹤0.01% |
75,124
+574
| +0.8% | +$7.68K |
|
2075
Sabesp
SBS
$17B
| $1.05M | ﹤0.01% |
544,096
-751,460
| -58% | -$1.41M |
|
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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.