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 | |
|---|---|---|---|---|---|---|
2326
Lithia Motors
LAD
$8.18B
| $709K | ﹤0.01% |
9,717
-184,094
| -95% | -$12M |
|
|
BPT
2327
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $708K | ﹤0.01% |
8,168
-9,191
| -53% | -$810K |
|
|
CHSP
2328
DELISTED
Chesapeake Lodging Trust
CHSP
| $708K | ﹤0.01% |
30,078
-66,784
| -69% | -$1.53M |
|
2329
Federal Signal
FSS
$7.36B
| $705K | ﹤0.01% |
54,789
+30,332
| +124% | +$333K |
|
2330
Forward Air
FWRD
$588M
| $704K | ﹤0.01% |
17,459
-1,116
| -6% | -$42.5K |
|
|
CDR
2331
DELISTED
Cedar Realty Trust, Inc
CDR
| $704K | ﹤0.01% |
20,580
-5,248
| -20% | -$184K |
|
|
JOY
2332
PUT
DELISTED
Joy Global Inc
JOY
| $704K | ﹤0.01% |
+13,800
| New | +$704K |
|
2333
CALL
Equinor
EQNR
$97.8B
| $703K | ﹤0.01% |
+31,000
| New | +$679K |
|
|
ZVO
2334
DELISTED
Zovio Inc. Common Stock
ZVO
| $701K | ﹤0.01% |
+38,867
| New | +$632K |
|
2335
CALL
American Eagle Outfitters
AEO
$2.8B
| $700K | ﹤0.01% |
+50,000
| New | +$838K |
|
2336
Cavco Industries
CVCO
$4.52B
| $700K | ﹤0.01% |
12,294
+2,368
| +24% | +$129K |
|
|
PMCS
2337
DELISTED
P M C SIERRA INC
PMCS
| $697K | ﹤0.01% |
105,339
+90,844
| +627% | +$595K |
|
|
OMED
2338
DELISTED
OncoMed Pharmaceuticals, Inc.
OMED
| $696K | ﹤0.01% |
+45,466
| New | +$842K |
|
2339
Mercado Libre
MELI
$101B
| $694K | ﹤0.01% |
5,143
-136,856
| -96% | -$16.4M |
|
2340
Navios Maritime Partners
NMM
$2.58B
| $693K | ﹤0.01% |
3,154
+1,000
| +46% | +$219K |
|
2341
Vail Resorts
MTN
$5.27B
| $692K | ﹤0.01% |
9,976
-3,132
| -24% | -$212K |
|
|
IRE
2342
DELISTED
GOVERNOR-BK OF IRELND ADS NEW
IRE
| $689K | ﹤0.01% |
61,106
+16,206
| +36% | +$170K |
|
2343
LSB Industries
LXU
$740M
| $685K | ﹤0.01% |
26,572
+16,082
| +153% | +$399K |
|
|
IL
2344
DELISTED
IntraLinks Holdings Inc.
IL
| $682K | ﹤0.01% |
77,494
+49,442
| +176% | +$432K |
|
|
AXAS
2345
DELISTED
Abraxas Petroleum Corp
AXAS
| $681K | ﹤0.01% |
+13,249
| New | +$655K |
|
|
STJ
2346
PUT
DELISTED
St Jude Medical
STJ
| $681K | ﹤0.01% |
+12,700
| New | +$654K |
|
|
HQCL
2347
DELISTED
Hanwha Q CELLS Co., Ltd.
HQCL
| $680K | ﹤0.01% |
+15,274
| New | +$504K |
|
|
RPXC
2348
DELISTED
RPX Corporation
RPXC
| $677K | ﹤0.01% |
+38,600
| New | +$659K |
|
|
EGLE
2349
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $677K | ﹤0.01% |
+37
| New | +$414K |
|
2350
Xylem
XYL
$26.3B
| $676K | ﹤0.01% |
24,202
-186,024
| -88% | -$4.96M |
|
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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.