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 | |
|---|---|---|---|---|---|---|
|
AAT
376
American Assets Trust
AAT
$1.41B
| $35.6M | 0.07% |
825,719
+192,917
| +30% | +$7.86M |
|
377
VeriSign
VRSN
$26.3B
| $35.5M | 0.07% |
466,429
+7,521
| +2% | +$595K |
|
|
CVSA
378
Covista Inc
CVSA
$4.52B
| $35.5M | 0.07% |
1,136,301
+665,777
| +141% | +$18M |
|
|
HOLX
379
DELISTED
Hologic
HOLX
| $35.4M | 0.07% |
883,087
+207,716
| +31% | +$8.02M |
|
380
Hormel Foods
HRL
$13.3B
| $35.4M | 0.07% |
1,015,844
-586,794
| -37% | -$21.2M |
|
381
Lennar Class A
LEN
$21.2B
| $34.9M | 0.07% |
854,079
+623,149
| +270% | +$25.2M |
|
382
Carlisle Companies
CSL
$14.4B
| $34.8M | 0.07% |
315,114
-41,423
| -12% | -$4.52M |
|
|
PVTB
383
DELISTED
PrivateBancorp Inc
PVTB
| $34.5M | 0.07% |
637,140
+239,408
| +60% | +$11.5M |
|
384
Air Products & Chemicals
APD
$68.2B
| $34.5M | 0.07% |
239,647
-683,127
| -74% | -$95.6M |
|
|
GRA
385
DELISTED
W.R. Grace & Co.
GRA
| $34.4M | 0.07% |
508,651
+47,878
| +10% | +$3.27M |
|
386
BWX Technologies
BWXT
$13.7B
| $34.1M | 0.07% |
859,573
+489,375
| +132% | +$19M |
|
|
CMA.WS
387
DELISTED
Comerica Incorporated Ws
CMA.WS
| $34.1M | 0.07% |
880,179
-42,600
| -5% | -$1.23M |
|
388
Pacira BioSciences
PCRX
$991M
| $34M | 0.07% |
1,053,151
+891,236
| +550% | +$29.7M |
|
389
Petrobras Class A
PBR.A
$108B
| $34M | 0.07% |
3,857,706
+3,447,683
| +841% | +$32.8M |
|
|
NRF
390
DELISTED
NorthStar Realty Finance Corp.
NRF
| $34M | 0.07% |
2,241,485
+2,033,148
| +976% | +$29.5M |
|
|
NBL
391
DELISTED
Noble Energy, Inc.
NBL
| $33.8M | 0.07% |
889,298
-1,072,560
| -55% | -$39.9M |
|
|
FDC
392
DELISTED
First Data Corporation
FDC
| $33.7M | 0.07% |
+2,377,916
| New | +$33.8M |
|
|
NUAN
393
DELISTED
Nuance Communications, Inc.
NUAN
| $33.6M | 0.07% |
2,607,127
+812,883
| +45% | +$10.5M |
|
|
DATA
394
DELISTED
Tableau Software, Inc.
DATA
| $33.6M | 0.07% |
+797,414
| New | +$37.1M |
|
395
Jones Lang LaSalle
JLL
$17.8B
| $33.6M | 0.07% |
332,546
+119,197
| +56% | +$12M |
|
|
GAP
396
The Gap Inc
GAP
$7.33B
| $33.4M | 0.07% |
1,486,917
-101,329
| -6% | -$2.61M |
|
397
JB Hunt Transport Services
JBHT
$24.4B
| $33.3M | 0.07% |
342,557
-36,130
| -10% | -$3.21M |
|
|
AERI
398
DELISTED
Aerie Pharmaceuticals
AERI
| $33.2M | 0.07% |
875,902
+654,444
| +296% | +$24.7M |
|
|
HAR
399
DELISTED
Harman International Industries
HAR
| $33.1M | 0.07% |
297,918
-37,192
| -11% | -$3.59M |
|
400
Allegion
ALLE
$13.8B
| $33.1M | 0.07% |
516,883
+19,904
| +4% | +$1.32M |
|
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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.