Hedge Fund - Millennium Management

In the eyes of many of your peers, hedge funds are seen as useless, old investment tools of a forgotten age.

Abercrombie & Fitch Co. (NYSE:ANF) has brand loyalty going for it, but today is a disaster. Shares are down a whopping 20% pre-market.

American Capital Agency Corp. (NASDAQ:AGNC) is down more than 25% since the start of 2013, and it hasn't avoided the rest of the broader mREIT industry selloff.

Israel Englander founded Millennium Management in 1989 and the hedge fund has since grown to over $10 billion in assets under management.

Our analysis of hedge funds’ 13F filings over time has found that their most popular small cap stocks earn an average excess return of 18 percentage points per year (learn more about our small cap strategy...

While we don’t recommend blindly following hedge fund activity from 13F filings, we do consider these filings potentially useful for many investors.

Millennium Management, a hedge fund managed by billionaire Israel Englander, filed its 13F for the first quarter of 2013 with the SEC in May.

We track quarterly 13F filings from hundreds of hedge funds and other notable investors, including billionaire Israel Englander’s hedge fund Millennium Management.

Editor's Note: Related tickers: BlackRock, Inc. (NYSE:BLK), Transocean LTD (NYSE:RIG), Dell Inc. (NASDAQ:DELL), iShares Gold Trust (NYSEARCA:IAU), The Procter & Gamble Company (NYSE:PG), MBIA Inc.