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 |
BNY
Bank of New York Mellon
BNY
|
+$190M |
| 2 |
Lowe's Companies
LOW
|
+$183M |
| 3 |
Target
TGT
|
+$175M |
| 4 |
American Electric Power
AEP
|
+$174M |
| 5 |
NextEra Energy
NEE
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$6.19B |
| 2 |
Coty
COTY
|
+$1.11B |
| 3 |
Apple
AAPL
|
+$294M |
| 4 |
Meta Platforms (Facebook)
META
|
+$229M |
| 5 |
Microsoft
MSFT
|
+$192M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 13.41% |
| 2 | Financials | 12.33% |
| 3 | Energy | 10.93% |
| 4 | Industrials | 10.41% |
| 5 | Technology | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SYT
301
DELISTED
Syngenta Ag
SYT
| $44.8M | 0.09% |
566,900
+164,331
| +41% | +$13.2M |
|
302
Masco
MAS
$14.5B
| $44.5M | 0.09% |
1,405,958
-1,059,526
| -43% | -$34M |
|
303
United Parcel Service
UPS
$86.8B
| $43.9M | 0.09% |
383,260
+6,480
| +2% | +$730K |
|
|
RAI
304
DELISTED
Reynolds American Inc
RAI
| $43.5M | 0.09% |
776,577
-1,658,776
| -68% | -$88M |
|
|
BCR
305
DELISTED
CR Bard Inc.
BCR
| $43.4M | 0.09% |
193,211
+185,219
| +2,318% | +$40.2M |
|
306
General Dynamics
GD
$104B
| $43.3M | 0.09% |
250,678
-89,492
| -26% | -$14.6M |
|
307
Centene
CNC
$32.1B
| $43.2M | 0.09% |
1,528,458
+1,077,812
| +239% | +$31.8M |
|
|
MJN
308
DELISTED
Mead Johnson Nutrition Company
MJN
| $43M | 0.09% |
607,994
+305,303
| +101% | +$22.8M |
|
|
IBKC
309
DELISTED
IBERIABANK Corp
IBKC
| $43M | 0.09% |
512,962
+199,284
| +64% | +$15.3M |
|
|
310
Apple
AAPL
$4.51T
| $42.8M | 0.09% |
1,478,160
-10,365,336
| -88% | -$294M |
|
311
Duke Energy
DUK
$93.4B
| $42.8M | 0.09% |
+551,354
| New | +$42.2M |
|
|
FISV
312
Fiserv Inc
FISV
$28B
| $42.8M | 0.09% |
804,814
+402,062
| +100% | +$20.7M |
|
|
COL
313
DELISTED
Rockwell Collins
COL
| $42.8M | 0.09% |
+460,962
| New | +$40.6M |
|
|
XLNX
314
DELISTED
Xilinx Inc
XLNX
| $42.7M | 0.09% |
707,596
-613,458
| -46% | -$33M |
|
315
Unum
UNM
$13.9B
| $42.7M | 0.09% |
972,247
+879,915
| +953% | +$35.2M |
|
316
CALL
Eli Lilly
LLY
$1.12T
| $42.7M | 0.09% |
580,000
+560,000
| +2,800% | +$41.7M |
|
317
T. Rowe Price
TROW
$23.8B
| $42.4M | 0.09% |
563,626
-12,537
| -2% | -$888K |
|
318
BP
BP
$115B
| $42.1M | 0.09% |
1,315,662
+423,926
| +48% | +$12.8M |
|
|
SWN
319
DELISTED
Southwestern Energy Company
SWN
| $41.8M | 0.09% |
3,864,453
+95,677
| +3% | +$1.1M |
|
|
ATHN
320
DELISTED
Athenahealth, Inc.
ATHN
| $41.8M | 0.09% |
397,227
-206,552
| -34% | -$22.2M |
|
321
Jacobs Solutions
J
$17.6B
| $41.7M | 0.09% |
883,670
+547,122
| +163% | +$25.2M |
|
|
BECN
322
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $41.6M | 0.09% |
902,534
-101,792
| -10% | -$4.55M |
|
323
NRG Energy
NRG
$23.8B
| $41M | 0.09% |
3,343,820
+2,124,132
| +174% | +$24.4M |
|
324
CALL
AstraZeneca
AZN
$257B
| $41M | 0.09% |
750,000
+537,500
| +253% | +$30.5M |
|
325
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $40.9M | 0.09% |
247,143
+74,766
| +43% | +$11.7M |
|
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Israel Englander's Q4 2016 Portfolio in Review
As of Q4 2016, Israel Englander held 4,092 positions worth $47.8B, down 20% from $59.6B the previous quarter. Its ten largest holdings account for 6.4% of the portfolio.
Israel Englander withdrew a net $13B in Q4 2016, closing 801 positions and reducing 1,159 holdings. Its most notable exit was Procter & Gamble, an estimated $6.19B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, up from 11% a quarter earlier, followed by Financials and Energy.
Against the trend, Israel Englander opened a new position in Target worth $175M.
- Israel Englander's largest Q4 2016 buy was Target: 2,422,329 shares worth $175M.
- Israel Englander added most to Bank of New York Mellon in Q4 2016, an estimated $190M increase.
- Israel Englander's biggest Q4 2016 reduction was Coty, cutting an estimated $1.11B.
- Israel Englander fully exited Procter & Gamble in Q4 2016, selling an estimated $6.19B.
- Israel Englander's ten largest holdings make up 6.4% of its $47.8B portfolio in Q4 2016.
- Israel Englander opened 858 new positions and closed 801 in Q4 2016.
- Israel Englander's portfolio value fell 20% quarter-over-quarter to $47.8B.
Based on Millennium Management's 13F filing for Q4 2016, filed 14 Feb 2017.