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 | |
|---|---|---|---|---|---|---|
26
Visa
V
$693B
| $179M | 0.37% |
2,288,795
+358,001
| +19% | +$28.8M |
|
27
Applied Materials
AMAT
$391B
| $177M | 0.37% |
5,470,675
-3,020,684
| -36% | -$91.9M |
|
|
28
Target
TGT
$75.1B
| $175M | 0.37% |
+2,422,329
| New | +$175M |
|
29
Comcast
CMCSA
$95.3B
| $173M | 0.36% |
5,005,410
+3,956,736
| +377% | +$132M |
|
|
GXP
30
DELISTED
Great Plains Energy Incorporated
GXP
| $172M | 0.36% |
6,298,402
-2,044,774
| -25% | -$55.9M |
|
31
TJX Companies
TJX
$155B
| $172M | 0.36% |
4,578,174
+420,514
| +10% | +$15.9M |
|
32
Occidental Petroleum
OXY
$61.3B
| $171M | 0.36% |
2,397,817
+1,272,817
| +113% | +$90.4M |
|
|
WOOF
33
DELISTED
VCA Inc.
WOOF
| $164M | 0.34% |
2,394,860
+994,682
| +71% | +$65M |
|
34
Alphabet (Google) Class A
GOOGL
$4.22T
| $163M | 0.34% |
4,125,600
-3,109,860
| -43% | -$124M |
|
35
Starbucks
SBUX
$122B
| $163M | 0.34% |
2,934,638
+2,253,892
| +331% | +$125M |
|
36
Morgan Stanley
MS
$336B
| $160M | 0.33% |
3,783,498
+3,134,022
| +483% | +$119M |
|
|
PPL
37
PPL Corp
PPL
$25.9B
| $158M | 0.33% |
4,651,856
+192,631
| +4% | +$6.46M |
|
38
Kraft Heinz
KHC
$30.3B
| $158M | 0.33% |
1,809,977
+1,053,108
| +139% | +$90.1M |
|
39
Conagra Brands
CAG
$7.89B
| $155M | 0.32% |
3,921,041
-394,437
| -9% | -$14.7M |
|
|
WLL
40
DELISTED
Whiting Petroleum Corporation
WLL
| $151M | 0.32% |
41,742
+7,403
| +22% | +$22.2M |
|
41
Boston Scientific
BSX
$73B
| $150M | 0.31% |
6,932,591
-2,406,192
| -26% | -$52.5M |
|
|
SLCA
42
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $150M | 0.31% |
2,638,779
+400,505
| +18% | +$19.8M |
|
43
NiSource
NI
$19.5B
| $149M | 0.31% |
6,734,048
+679,559
| +11% | +$15.1M |
|
44
McDonald's
MCD
$192B
| $144M | 0.3% |
1,186,641
+184,876
| +18% | +$21.7M |
|
|
ETFC
45
DELISTED
E*Trade Financial Corporation
ETFC
| $141M | 0.3% |
4,082,293
+930,304
| +30% | +$29.7M |
|
46
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $139M | 0.29% |
4,412,908
+3,394,954
| +334% | +$123M |
|
|
MXIM
47
DELISTED
Maxim Integrated Products
MXIM
| $139M | 0.29% |
3,591,511
-402,753
| -10% | -$15.8M |
|
48
Biogen
BIIB
$32B
| $138M | 0.29% |
487,510
-92,427
| -16% | -$27.4M |
|
49
Constellation Brands
STZ
$23.2B
| $133M | 0.28% |
866,028
+458,932
| +113% | +$72.9M |
|
|
SNV
50
DELISTED
Synovus
SNV
| $131M | 0.27% |
3,191,541
-68,122
| -2% | -$2.51M |
|
Similar funds
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.