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 | |
|---|---|---|---|---|---|---|
2176
Quanex
NX
$910M
| $900K | ﹤0.01% |
47,810
+3,197
| +7% | +$56.2K |
|
|
IBTX
2177
DELISTED
Independent Bank Group, Inc.
IBTX
| $900K | ﹤0.01% |
25,000
+300
| +1% | +$10.2K |
|
2178
National Grid
NGG
$81B
| $897K | ﹤0.01% |
15,751
-122,156
| -89% | -$6.89M |
|
2179
CALL
Terex
TEX
$7.47B
| $897K | ﹤0.01% |
26,700
| – | – |
|
2180
Costamare
CMRE
$1.79B
| $896K | ﹤0.01% |
+50,831
| New | +$895K |
|
2181
ICU Medical
ICUI
$4.49B
| $893K | ﹤0.01% |
+13,151
| New | +$939K |
|
2182
Gran Tierra Energy
GTE
$357M
| $892K | ﹤0.01% |
12,575
+9,588
| +321% | +$629K |
|
|
INWK
2183
DELISTED
InnerWorkings, Inc.
INWK
| $891K | ﹤0.01% |
90,752
+70,052
| +338% | +$766K |
|
|
TBCH
2184
Turtle Beach Corp
TBCH
$229M
| $889K | ﹤0.01% |
17,735
-2,440
| -12% | -$150K |
|
2185
SouthState Bank Corp
SSB
$10.3B
| $886K | ﹤0.01% |
+16,059
| New | +$880K |
|
|
MCGC
2186
DELISTED
MCG CAP CORP
MCGC
| $884K | ﹤0.01% |
175,385
+50,065
| +40% | +$258K |
|
|
NSTG
2187
DELISTED
NanoString Technologies, Inc.
NSTG
| $880K | ﹤0.01% |
+80,000
| New | +$724K |
|
2188
NN Inc
NNBR
$292M
| $879K | ﹤0.01% |
+56,465
| New | +$760K |
|
|
TXTR
2189
DELISTED
TEXTURA CORPORATION COM
TXTR
| $878K | ﹤0.01% |
+20,377
| New | +$702K |
|
2190
CALL
Sinclair Inc
SBGI
$1.04B
| $875K | ﹤0.01% |
+26,100
| New | +$736K |
|
2191
Selective Insurance
SIGI
$5.5B
| $874K | ﹤0.01% |
35,665
+4,198
| +13% | +$102K |
|
2192
Golub Capital BDC
GBDC
$3.4B
| $871K | ﹤0.01% |
51,352
+29,808
| +138% | +$514K |
|
2193
PUT
Cognizant
CTSH
$28B
| $870K | ﹤0.01% |
+21,200
| New | +$787K |
|
|
RSO
2194
DELISTED
Resource Capital Corp.
RSO
| $870K | ﹤0.01% |
36,606
+33,194
| +973% | +$815K |
|
|
BIRT
2195
DELISTED
Actuate Corp
BIRT
| $869K | ﹤0.01% |
118,257
+56,035
| +90% | +$408K |
|
2196
Integer Holdings
ITGR
$4.26B
| $868K | ﹤0.01% |
27,972
-95,016
| -77% | -$3.08M |
|
2197
CALL
Public Storage
PSA
$59.3B
| $867K | ﹤0.01% |
+5,400
| New | +$855K |
|
2198
Independent Bank
INDB
$3.92B
| $862K | ﹤0.01% |
+24,146
| New | +$880K |
|
|
SDEV
2199
Stablecoin Development Corp
SDEV
$49.1M
| $862K | ﹤0.01% |
+3
| New | +$665K |
|
|
ISCA
2200
DELISTED
International Speedway Corp
ISCA
| $861K | ﹤0.01% |
26,683
+7,709
| +41% | +$254K |
|
Similar funds
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.