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 | |
|---|---|---|---|---|---|---|
2226
Fulton Financial
FULT
$4.54B
| $834K | ﹤0.01% |
71,432
+46,967
| +192% | +$573K |
|
2227
AB InBev
BUD
$156B
| $833K | ﹤0.01% |
8,400
-96,958
| -92% | -$9.23M |
|
2228
Federal Realty Investment Trust
FRT
$10.3B
| $831K | ﹤0.01% |
8,192
-7,489
| -48% | -$767K |
|
|
MTSC
2229
DELISTED
MTS Systems Corp
MTSC
| $829K | ﹤0.01% |
12,876
+8,604
| +201% | +$530K |
|
2230
PUT
Royal Bank of Canada
RY
$289B
| $828K | ﹤0.01% |
+12,900
| New | +$801K |
|
|
BGFV
2231
DELISTED
Big 5 Sporting Goods
BGFV
| $827K | ﹤0.01% |
51,336
-18,747
| -27% | -$367K |
|
|
CASC
2232
DELISTED
Cascadian Therapeutics, Inc.
CASC
| $824K | ﹤0.01% |
66,667
-285,032
| -81% | -$3M |
|
2233
Minerals Technologies
MTX
$2.25B
| $823K | ﹤0.01% |
16,672
-62,212
| -79% | -$2.87M |
|
2234
Nektar Therapeutics
NKTR
$2.53B
| $823K | ﹤0.01% |
5,251
-16,719
| -76% | -$3.09M |
|
|
NTUS
2235
DELISTED
Natus Medical Inc
NTUS
| $823K | ﹤0.01% |
58,039
+16,323
| +39% | +$218K |
|
2236
Regis Corp
RGS
$67M
| $821K | ﹤0.01% |
2,797
-6,194
| -69% | -$2.05M |
|
|
ARO
2237
PUT
DELISTED
Aeropostale Inc
ARO
| $821K | ﹤0.01% |
87,300
-17,600
| -17% | -$209K |
|
|
HSP
2238
CALL
DELISTED
HOSPIRA INC
HSP
| $820K | ﹤0.01% |
20,900
-39,300
| -65% | -$1.57M |
|
|
RBS.PRP
2239
DELISTED
Royal Bank of Scotland Group Plc (The) ADR representing Pref
RBS.PRP
| $817K | ﹤0.01% |
+39,742
| New | +$800K |
|
|
ESI
2240
DELISTED
ITT EDUCATIONAL SERVICES INC
ESI
| $815K | ﹤0.01% |
+26,286
| New | +$741K |
|
2241
PUT
O-I Glass
OI
$1.16B
| $814K | ﹤0.01% |
27,100
+20,900
| +337% | +$620K |
|
2242
PUT
American Tower
AMT
$82.3B
| $808K | ﹤0.01% |
+10,900
| New | +$787K |
|
|
XOMA
2243
DELISTED
Xoma
XOMA
| $808K | ﹤0.01% |
8,998
-2,965
| -25% | -$270K |
|
2244
eGain
EGAN
$195M
| $807K | ﹤0.01% |
53,477
+43,109
| +416% | +$515K |
|
2245
CALL
Southern Company
SO
$104B
| $807K | ﹤0.01% |
19,600
-356,900
| -95% | -$15.4M |
|
2246
Ethan Allen Interiors
ETD
$599M
| $805K | ﹤0.01% |
28,890
-32,322
| -53% | -$921K |
|
2247
Integra LifeSciences
IART
$1.32B
| $805K | ﹤0.01% |
+48,929
| New | +$785K |
|
|
NCI
2248
DELISTED
Navigant Consulting, Inc.
NCI
| $805K | ﹤0.01% |
+52,043
| New | +$729K |
|
|
ARO
2249
DELISTED
Aeropostale Inc
ARO
| $803K | ﹤0.01% |
+85,379
| New | +$1.01M |
|
|
NS
2250
DELISTED
NuStar Energy L.P.
NS
| $802K | ﹤0.01% |
+20,000
| New | +$849K |
|
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.