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 | |
|---|---|---|---|---|---|---|
501
PUT
Incyte
INCY
$25.9B
| $25.1M | 0.05% |
+250,000
| New | +$24.4M |
|
502
East-West Bancorp
EWBC
$17.7B
| $25.1M | 0.05% |
493,066
-139,765
| -22% | -$6.21M |
|
|
TSS
503
DELISTED
Total System Services, Inc.
TSS
| $25M | 0.05% |
510,547
+145,670
| +40% | +$7.16M |
|
504
National Health Investors
NHI
$3.59B
| $25M | 0.05% |
336,539
-280,069
| -45% | -$20.6M |
|
505
Cullen/Frost Bankers
CFR
$10.2B
| $24.9M | 0.05% |
+282,466
| New | +$22.7M |
|
506
Robert Half
RHI
$4.62B
| $24.9M | 0.05% |
+510,801
| New | +$21.9M |
|
507
Charter Communications
CHTR
$17.9B
| $24.9M | 0.05% |
+86,495
| New | +$23.3M |
|
508
Allison Transmission
ALSN
$10.8B
| $24.8M | 0.05% |
736,438
+294,527
| +67% | +$9.16M |
|
509
Restaurant Brands International
QSR
$28.4B
| $24.8M | 0.05% |
520,541
+512,718
| +6,554% | +$23.7M |
|
510
Nordson
NDSN
$18.6B
| $24.8M | 0.05% |
221,392
+82,007
| +59% | +$8.59M |
|
511
Green Plains
GPRE
$1.05B
| $24.8M | 0.05% |
889,902
-16,999
| -2% | -$452K |
|
|
SC
512
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $24.8M | 0.05% |
1,833,316
+1,480,480
| +420% | +$19.5M |
|
|
IPG
513
DELISTED
Interpublic Group of Companies
IPG
| $24.7M | 0.05% |
1,056,555
-68,449
| -6% | -$1.58M |
|
|
JOYY
514
JOYY Inc
JOYY
$3.7B
| $24.7M | 0.05% |
627,156
+294,367
| +88% | +$13.8M |
|
|
CZZ
515
DELISTED
Cosan Limited
CZZ
| $24.7M | 0.05% |
3,284,785
+1,227,029
| +60% | +$9.64M |
|
516
Mueller Water Products
MWA
$3.93B
| $24.7M | 0.05% |
1,852,767
+799,094
| +76% | +$10.3M |
|
517
Royal Bank of Canada
RY
$284B
| $24.5M | 0.05% |
361,822
+260,920
| +259% | +$16.9M |
|
|
CXP
518
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $24.4M | 0.05% |
1,130,022
+768,985
| +213% | +$16.4M |
|
|
SRCI
519
DELISTED
SRC Energy Inc
SRCI
| $24.3M | 0.05% |
2,732,131
-2,592,021
| -49% | -$21.1M |
|
520
GE Aerospace
GE
$355B
| $24.3M | 0.05% |
160,724
-191,457
| -54% | -$27.8M |
|
521
Ross Stores
ROST
$77.5B
| $24.3M | 0.05% |
371,012
+348,234
| +1,529% | +$22.8M |
|
522
Arista Networks
ANET
$237B
| $24.3M | 0.05% |
+4,013,776
| New | +$22.5M |
|
|
P
523
DELISTED
Pandora Media Inc
P
| $24.2M | 0.05% |
1,855,164
+353,861
| +24% | +$4.39M |
|
524
Vodafone
VOD
$36.9B
| $24.2M | 0.05% |
989,235
+634,809
| +179% | +$16.7M |
|
|
RICE
525
DELISTED
Rice Energy Inc.
RICE
| $24.1M | 0.05% |
1,130,534
+638,368
| +130% | +$15.2M |
|
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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.