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 | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $4.74B | 15.27% |
28,226,600
-30,266,400
| -52% | -$5.07B |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $586M | 1.89% |
3,488,000
+2,972,200
| +576% | +$498M |
|
|
PPL
3
PPL Corp
PPL
$25.9B
| $244M | 0.78% |
8,613,073
+3,621,552
| +73% | +$104M |
|
|
BHI
4
DELISTED
Baker Hughes
BHI
| $208M | 0.67% |
4,238,279
+981,228
| +30% | +$47.3M |
|
|
5
American Electric Power
AEP
$65.8B
| $192M | 0.62% |
4,438,569
+2,669,501
| +151% | +$119M |
|
|
6
CMS Energy
CMS
$21.4B
| $187M | 0.6% |
7,109,277
+3,732,425
| +111% | +$101M |
|
7
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $159M | 0.51% |
+1,493,200
| New | +$154M |
|
8
Sempra
SRE
$54.2B
| $154M | 0.5% |
3,608,732
+1,314,004
| +57% | +$55.8M |
|
9
NextEra Energy
NEE
$174B
| $141M | 0.45% |
7,025,416
-31,356
| -0.4% | -$647K |
|
10
NiSource
NI
$19.5B
| $129M | 0.42% |
10,643,844
+3,417,851
| +47% | +$40.5M |
|
11
Dominion Energy
D
$58.6B
| $126M | 0.41% |
2,022,811
+611,158
| +43% | +$36.2M |
|
|
CTRA
12
DELISTED
Coterra Energy
CTRA
| $121M | 0.39% |
3,243,652
+950,020
| +41% | +$35.6M |
|
13
Conagra Brands
CAG
$7.89B
| $117M | 0.38% |
4,937,032
+1,313,556
| +36% | +$35.4M |
|
14
NRG Energy
NRG
$23.8B
| $116M | 0.37% |
4,249,833
-1,379,449
| -25% | -$37.3M |
|
|
PXD
15
DELISTED
Pioneer Natural Resource Co.
PXD
| $115M | 0.37% |
609,680
-277,868
| -31% | -$47.2M |
|
|
HES
16
DELISTED
Hess
HES
| $110M | 0.35% |
1,424,563
+811,707
| +132% | +$60.5M |
|
17
Cheniere Energy
LNG
$57.3B
| $103M | 0.33% |
3,028,494
-900,630
| -23% | -$26.7M |
|
18
Eversource Energy
ES
$26.4B
| $98.4M | 0.32% |
2,384,792
+1,095,027
| +85% | +$46.3M |
|
19
OGE Energy
OGE
$9.42B
| $97.3M | 0.31% |
2,695,197
+669,787
| +33% | +$24.2M |
|
20
Dollar General
DG
$27.2B
| $96.1M | 0.31% |
1,702,649
+755,109
| +80% | +$41.5M |
|
|
APC
21
DELISTED
Anadarko Petroleum
APC
| $95.8M | 0.31% |
1,030,298
-289,116
| -22% | -$26.3M |
|
|
ANDV
22
DELISTED
Andeavor
ANDV
| $95.1M | 0.31% |
2,162,687
+1,380,344
| +176% | +$68.8M |
|
|
GPOR
23
DELISTED
Gulfport Energy Corp.
GPOR
| $93.6M | 0.3% |
1,454,987
-1,097,206
| -43% | -$61.4M |
|
|
WFT
24
DELISTED
Weatherford International plc
WFT
| $93M | 0.3% |
6,069,503
+4,342,188
| +251% | +$63.7M |
|
|
EGN
25
DELISTED
Energen
EGN
| $90.3M | 0.29% |
1,182,311
+135,781
| +13% | +$8.78M |
|
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.