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 | |
|---|---|---|---|---|---|---|
426
Kennametal
KMT
$2.23B
| $31.5M | 0.07% |
1,007,984
-19,345
| -2% | -$608K |
|
|
TFCF
427
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $31.4M | 0.07% |
1,153,687
+479,697
| +71% | +$12.9M |
|
|
NVRO
428
DELISTED
NEVRO CORP.
NVRO
| $31.2M | 0.07% |
429,455
-30,717
| -7% | -$2.63M |
|
429
NNN REIT
NNN
$8.89B
| $31M | 0.06% |
700,471
+580,747
| +485% | +$25.6M |
|
|
DRE
430
DELISTED
Duke Realty Corp.
DRE
| $30.9M | 0.06% |
1,163,670
+1,060,859
| +1,032% | +$27.1M |
|
431
Starwood Property Trust
STWD
$6.03B
| $30.9M | 0.06% |
+1,406,433
| New | +$31M |
|
432
FerroAtlántica
GSM
$757M
| $30.9M | 0.06% |
2,849,456
-1,986,336
| -41% | -$20.5M |
|
433
NetApp
NTAP
$36.7B
| $30.8M | 0.06% |
874,381
-1,140,640
| -57% | -$39.9M |
|
434
Marvell Technology
MRVL
$206B
| $30.7M | 0.06% |
2,211,614
-1,110,203
| -33% | -$15.1M |
|
|
VXX
435
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $30.6M | 0.06% |
300,000
+81,250
| +37% | +$9.74M |
|
436
Ulta Beauty
ULTA
$23.2B
| $30.6M | 0.06% |
119,865
+13,943
| +13% | +$3.48M |
|
|
GRFS
437
Grifois
GRFS
$5.44B
| $30.3M | 0.06% |
1,887,647
-226,269
| -11% | -$3.46M |
|
438
J.M. Smucker
SJM
$13.5B
| $30.3M | 0.06% |
236,705
+223,102
| +1,640% | +$28.9M |
|
|
PSB
439
DELISTED
PS Business Parks, Inc.
PSB
| $30.2M | 0.06% |
259,371
-80,333
| -24% | -$8.82M |
|
440
NetEase
NTES
$78.7B
| $30.1M | 0.06% |
698,950
-466,580
| -40% | -$22.3M |
|
|
WRI
441
DELISTED
Weingarten Realty Investors
WRI
| $30.1M | 0.06% |
840,169
-106,674
| -11% | -$3.83M |
|
|
BRCD
442
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $29.8M | 0.06% |
2,383,428
+1,417,992
| +147% | +$16M |
|
443
Monster Beverage
MNST
$95.8B
| $29.6M | 0.06% |
2,674,552
+1,232,764
| +86% | +$14.1M |
|
444
Essent Group
ESNT
$6.15B
| $29.5M | 0.06% |
+912,843
| New | +$26.9M |
|
445
Carter's
CRI
$1.26B
| $29.5M | 0.06% |
341,534
+119,451
| +54% | +$10.7M |
|
|
SRCL
446
DELISTED
Stericycle Inc
SRCL
| $29.3M | 0.06% |
380,830
+131,665
| +53% | +$9.94M |
|
447
Energy Transfer Partners
ET
$72.6B
| $29.3M | 0.06% |
1,518,914
+806,482
| +113% | +$13.5M |
|
|
YHOO
448
DELISTED
Yahoo Inc
YHOO
| $29.3M | 0.06% |
758,175
-487,922
| -39% | -$20M |
|
449
CALL
Bristol-Myers Squibb
BMY
$137B
| $29.2M | 0.06% |
500,000
+420,000
| +525% | +$23M |
|
450
Brown & Brown
BRO
$25B
| $29.1M | 0.06% |
1,299,580
+298,496
| +30% | +$6.07M |
|
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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.