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 | |
|---|---|---|---|---|---|---|
326
United Airlines
UAL
$36.7B
| $40.7M | 0.09% |
558,348
-2,170,425
| -80% | -$138M |
|
327
PUT
iShares Russell 2000 ETF
IWM
$81.4B
| $40.5M | 0.08% |
300,000
-1,850,000
| -86% | -$236M |
|
|
SONC
328
DELISTED
Sonic Corp
SONC
| $40.4M | 0.08% |
1,522,396
+741,845
| +95% | +$19.3M |
|
329
Vertex Pharmaceuticals
VRTX
$139B
| $40.2M | 0.08% |
545,600
+246,864
| +83% | +$20.1M |
|
330
Henry Schein
HSIC
$9.95B
| $40.2M | 0.08% |
+675,153
| New | +$40.7M |
|
331
Ciena
CIEN
$53B
| $40M | 0.08% |
1,637,399
+1,099,382
| +204% | +$24M |
|
|
WGL
332
DELISTED
Wgl Holdings
WGL
| $39.9M | 0.08% |
523,617
+144,970
| +38% | +$9.76M |
|
|
HBI
333
DELISTED
Hanesbrands
HBI
| $39.7M | 0.08% |
1,840,489
+1,721,487
| +1,447% | +$41.1M |
|
|
EE
334
DELISTED
El Paso Electric Company
EE
| $39.7M | 0.08% |
853,727
+138,422
| +19% | +$6.28M |
|
|
ANDV
335
DELISTED
Andeavor
ANDV
| $39.6M | 0.08% |
453,086
-310,139
| -41% | -$26.3M |
|
336
SiteOne Landscape Supply
SITE
$4.17B
| $39.5M | 0.08% |
1,136,779
+406,415
| +56% | +$13.6M |
|
337
Four Corners Property Trust
FCPT
$2.8B
| $39.4M | 0.08% |
1,920,931
-292,897
| -13% | -$5.76M |
|
|
AL
338
DELISTED
Air Lease Corp
AL
| $39.2M | 0.08% |
1,140,606
+94,814
| +9% | +$3.12M |
|
|
FL
339
DELISTED
Foot Locker
FL
| $39.1M | 0.08% |
551,548
-747,957
| -58% | -$53.2M |
|
340
Synopsys
SNPS
$74.9B
| $39M | 0.08% |
663,353
+165,733
| +33% | +$9.86M |
|
341
Diamondrock Hospitality Co
DRH
$2.61B
| $38.9M | 0.08% |
3,377,493
+1,590,394
| +89% | +$16.1M |
|
342
Intercontinental Exchange
ICE
$90.7B
| $38.9M | 0.08% |
689,010
-208,750
| -23% | -$11.6M |
|
343
Illinois Tool Works
ITW
$80.5B
| $38.8M | 0.08% |
+316,696
| New | +$38.3M |
|
344
Flotek Industries
FTK
$891M
| $38.6M | 0.08% |
684,844
+69,503
| +11% | +$5.08M |
|
|
EDR
345
DELISTED
Education Realty Trust Inc
EDR
| $38.6M | 0.08% |
911,888
-708,421
| -44% | -$29M |
|
346
LPL Financial
LPLA
$28.8B
| $38.6M | 0.08% |
+1,095,172
| New | +$38.3M |
|
347
Canadian Pacific Kansas City
CP
$82.8B
| $38.5M | 0.08% |
1,349,375
+768,555
| +132% | +$22.7M |
|
348
Macy's
M
$6.1B
| $38.5M | 0.08% |
1,074,287
-2,115,921
| -66% | -$82.3M |
|
349
Cooper Companies
COO
$14.8B
| $38.4M | 0.08% |
877,912
+214,920
| +32% | +$9.39M |
|
|
RPAI
350
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $38.3M | 0.08% |
2,497,514
+1,948,219
| +355% | +$30M |
|
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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.