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 | |
|---|---|---|---|---|---|---|
351
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.8B
| $38.3M | 0.08% |
193,676
+192,476
| +16,040% | +$36.3M |
|
352
XPO
XPO
$22.3B
| $38.2M | 0.08% |
2,559,488
+686,946
| +37% | +$9.57M |
|
|
SPLS
353
DELISTED
Staples Inc
SPLS
| $38.2M | 0.08% |
4,216,062
+3,764,099
| +833% | +$32.8M |
|
354
Deere & Co
DE
$175B
| $38M | 0.08% |
369,226
+1,456
| +0.4% | +$137K |
|
|
SKX
355
DELISTED
Skechers
SKX
| $38M | 0.08% |
1,546,153
+1,387,186
| +873% | +$32M |
|
356
Wabtec
WAB
$50.2B
| $38M | 0.08% |
457,465
+66,315
| +17% | +$5.47M |
|
357
Ball Corp
BALL
$17B
| $37.9M | 0.08% |
1,010,708
-230,702
| -19% | -$8.92M |
|
358
American Homes 4 Rent
AMH
$12.4B
| $37.9M | 0.08% |
1,806,537
-500,242
| -22% | -$10.4M |
|
|
SFR
359
DELISTED
Starwood Waypoint Homes
SFR
| $37.9M | 0.08% |
1,314,148
+53,355
| +4% | +$1.55M |
|
360
Netflix
NFLX
$335B
| $37.8M | 0.08% |
3,056,670
+133,270
| +5% | +$1.58M |
|
361
Las Vegas Sands
LVS
$30.3B
| $37.8M | 0.08% |
706,948
+690,783
| +4,273% | +$40.3M |
|
362
Automatic Data Processing
ADP
$113B
| $37.6M | 0.08% |
365,370
+173,091
| +90% | +$16.1M |
|
363
Edgewell Personal Care
EPC
$1.32B
| $37.5M | 0.08% |
513,459
+428,850
| +507% | +$33.2M |
|
364
Old Republic International
ORI
$10.1B
| $37.1M | 0.08% |
1,953,615
+1,234,896
| +172% | +$22.2M |
|
365
Prudential Financial
PRU
$41.8B
| $37.1M | 0.08% |
356,503
+340,775
| +2,167% | +$32.3M |
|
|
FMBI
366
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $37.1M | 0.08% |
1,470,371
-323,621
| -18% | -$7.15M |
|
367
Watsco Inc
WSO
$12.8B
| $37.1M | 0.08% |
250,255
-106,063
| -30% | -$15.4M |
|
368
Popular Inc
BPOP
$10.8B
| $36.9M | 0.08% |
842,321
+21,440
| +3% | +$867K |
|
|
EQC
369
DELISTED
Equity Commonwealth
EQC
| $36.8M | 0.08% |
1,217,114
+724,567
| +147% | +$21.4M |
|
|
KATE
370
DELISTED
Kate Spade & Company
KATE
| $36.8M | 0.08% |
1,969,858
+1,555,755
| +376% | +$25.5M |
|
|
RAD
371
DELISTED
Rite Aid Corporation
RAD
| $36.5M | 0.08% |
221,353
-10,735
| -5% | -$1.62M |
|
372
Essex Property Trust
ESS
$18.7B
| $36.4M | 0.08% |
156,405
+39,093
| +33% | +$8.45M |
|
373
Cirrus Logic
CRUS
$5.63B
| $36.2M | 0.08% |
640,127
+631,429
| +7,259% | +$35M |
|
374
Nucor
NUE
$55.3B
| $35.9M | 0.08% |
602,926
+566,758
| +1,567% | +$31.7M |
|
375
Akamai
AKAM
$15.2B
| $35.8M | 0.08% |
537,246
+490,252
| +1,043% | +$31.2M |
|
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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.